Is It Worth Buying Property in Turkey?

Created : 12 May 2022
property

By Justin Mays:

Buying a property in Turkey is a sound investment that offers safe, stable, and high returns on the initial investment. Relatively low prices, rapidly growing rental markets, and excellent return on investment rates make buying a property in Turkey a good deal. With a downturn in new constructions and increasing market demand, it is worth buying a property before these favorable conditions change.

If you are interested in buying property in Turkey, today’s blog will explain to you what Turkey has to offer and if moving here is worth it.

Why People Move to Turkey

Turkey’s appeal is evident in its world-class cities, stunning coastline, rich history, natural beauty, and friendly people. 

With its attractive lifestyle, comparatively low property prices, and low cost of living combined with advantageous conditions that the Turkish government has set up for foreign buyers, it is a no-brainer why people are flocking to real estate opportunities here.

What Does Turkey Have to Offer?

There are many positive aspects for different people to moving to Turkey. 

Retirees and second homeowners like the affordable health care and sunny coast. At the same time, business people are drawn to Turkey as a strategic regional economic hub and openness to investors and foreign capital. 

Digital nomads and bargain hunters are attracted to the low cost of living and Turkey’s citizenship through property ownership. 

Expats from around the world who would have looked to markets like Cyprus, Portugal, and Spain in the past now have their eyes on Turkey. This is because of its more affordable high quality builds and dreamy lifestyle.

Reasons to Buy Property in Turkey

Turkey is a beautiful and highly diverse country with tons of real estate potential. Buying a property in Turkey can give an impressive return. 

So, if you are wondering, “Is buying property in Turkey a good idea?” or “Is now a good time to buy property in Turkey?” the information below can help you make a decision.

Affordable Housing

The housing here is incredibly affordable, which has became a massive factor in foreigners from various countries coming here to buy homes. And the best part is that you can find housing according to your budget.

Whether it be a luxury villa or a small town home, the real estate market here is filled with a plethora of options to choose from based on your budget and other needs.

Hassle-free Purchasing

Now is a great time to buy a property in Turkey since the procedure is entirely seamless and stress-free. You don’t have to worry about long wait times. The authorities made the property buying process simple to bring in more foreign investors.

If you are fully equipped with experienced professionals by your side, all it takes is about a week.

Our company can help you with this. We strive to provide our clients with the best value for their money to ensure their satisfaction.

Impressive Investment Profile

The real estate market in Turkey has experienced a rapid transformation. Investment in Turkey has sky-rocketed in the last couple of years. 

With a vast property portfolio, foreigners interested in purchasing real estate here have a lot to choose from.

In addition, the best thing in Turkey is that there is no discrimination against foreigners, so they can expect to be treated with equality. The investment laws fully comply with global standards. 

The payment process for properties is also trouble-free and straightforward. There are payment plans that allow for buyers to pay over six months or even more.

Turkish Citizenship by Investment

One of the biggest reasons for buying property in Turkey is that foreign buyers can acquire Turkish citizenship via investment. 

According to the new investment regulations, when a buyer invests in property worth 400.000 USD, they are guaranteed to get a Turkish passport together with their spouse and children below the age of 18.

Excellent Healthcare System

The healthcare system here is one of the best. It is highly accessible by locals, and foreigners alike. Private hospitals are also known for offering the best care and premium service.

Turkey is also famous for medical tourism; millions come here anually to benefit from affordable treatments and procedures.

You can read our blog on Turkey’s medical tourism industry to learn about the health services available for foreigners.

Inexpensive & Relaxed Lifestyle

The low cost of living and easy-going lifestyle is another reason that makes it worth it for foreigners to buy property here. The lifestyle is much more affordable than in countries such as the United States.

The cost of living largely depends on the city you are interested in buying property. For the most part, food and utilities here are cheaper compared to other countries.

The delectable cuisine and the hospitality of the locals cannot be ignored. The food here is healthy and made with mostly organic ingredients. 

Foreigners from all over the world have moved here to start a new life and enjoy the hospitality of the locals.

What Advancements Have Been Made in Turkey?

Infrastructure has improved immensely, with large modern airports, good public transport, and sleek new highways making traveling hassle-free and access to local areas and places abroad more manageable than ever.

Good value, ease of entry to the market, ideal geographical location, and exceptional properties make it absolutely worth it for investors to purchase real estate in Turkey. 

Conclusion

Interest in the area has blossomed in the past couple of decades, and with the allure of property ownership in Turkey becoming increasingly popular, now is the time to invest and reap the benefits of being a Turkish real estate owner.

If you are interested in buying property in Turkey, our Citizenship by investment guide, buyer guide, and area guide are all you will need to help you make the right decision.

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