Expression Magazine Published Antalya Homes' Experience
Expression Magazine, the famous real estate magazine in France, published through the experience of the leading real estate company, Antalya Homes, the reasons that drive foreign investors to invest in Turkey, on its 68th issue.
Turkey draws foreign investors and buyers' attention because of its great location between 3 continents; Europe, Asia, and Africa. For this reason, Turkey has a unique cultural diversity and cosmopolitan habit, and historical infrastructure. There are many advantages and investment potential for investors and buyers all over the world.
1. Cosmopolitan and Cultural Diversity
In recent years, the Turkish real estate market has experienced significant growth, thanks to foreign investment. According to the real estate magazine, Antalya Homes professional real estate agent, Mehmet Ali Tanrıyakul said that expectations and demands of our customers are varied and there are offers suitable for each.
Foreign investors have significant differences, such as differences in their origins, nationalities, and ethnic background, and yet, all of them still find common values between their cultures and traditions because of the cultural diversity in Turkey.
2. Exchange Rate
Another advantage is that property prices are still very affordable because of the devaluation of the Turkish Lira. The devaluation provides the opportunity to benefit for investors and buyers.
"In August 2018, 460.000 Turkish Lira was equivalent to 72.000 USD against 100.000 USD in July," noted Mehmet Ali Tanrıyakul.
3. Turkish Real Estate Market
In 2018, 39.700 properties were sold to foreign buyers, an increase of 78.4% over the past year. For this year, real estate market professionals are optimistic about the continuation of this trend with an estimate of 50.000 property sales.
Mehmet Ali Tanrıyakul said: "Last February the number of foreigners buying real estate increase to 92% compared to the previous year and this increase is expected to continue with new regulations to secure investments by foreign buyers against fraud."
4. Purchase Process
If you want to buy a property in Turkey, this process takes a very short time. Previously the property purchase process lasted between three or four months, but now, it takes only a week after the regulations of the Turkish Government changed the process. The taxation is about 3% of the value of the real estate and an annual housing tax ranging from 0.1% to 0.4%.
5. Turkish Citizenship
From June 2022, Turkish Citizenship has been given directly to foreigners who buy at least 400.000 USD real estate in Turkey and who give a commitment to buy a property worth 400.000 USD from the notary. At Antalya Homes, we provide you legal support from our company lawyers for the citizenship program.
6. Home to Unique Destinations: Istanbul and Antalya
Since the start of direct flights from many European cities to Turkey’s cities such as Istanbul and Antalya, these cities are seen like gold by foreigners.
- In the center of Istanbul, a 70 square meter apartment located in Beyoğlu, Şişli, or Beşiktaş is around 150.000 €.
- For an apartment of the same size in Antalya with a sea view is about 70.000 €. The luxury villa with a private pool, garden, and sea view is around 250.000 €.
Also, Bursa and Trabzon are two of the ten favorite destinations for foreign investors. The Northeastern of Turkey attracts the attention of the Gulf nationalities. Not only affordable prices but also these cities have the most picturesque landscape of Turkey.
If you want to buy a property in Turkey, we always help you throughout the purchase process. Check out our property for sale in Turkey listing page, contact us today to talk to our professional agents, call us or send an e-mail.