Why Turkey? | 10 Reasons to Buy Property in Turkey
Real estate in Turkey offers a lot of potential and maximum returns in a reasonable time for foreigners who buy property. It is a profitable real estate investment paradise for everyone.
So, if you are looking for good reasons or wondering why Turkey attracts the interest of many foreigners, here are the reasons and advantages of buying a property in Turkey.
Good Reasons to Buy Property in Turkey
1: Excellent Value Per Square Meter
Did you know that it is nearly eight times more expensive to buy a property in London than in Istanbul? But, there is not a big difference in terms of investment value.
The farther you get from the busiest city, the cheaper the prices get. For example, property prices in Antalya start at 60,000 EUR. It provides great potential for profitable long-term investment.
You get the best value for your money now in Turkey. This is a good time for real estate investment in Turkey due to the current exchange rate of the Turkish Lira.
There are also lucrative deals for those looking for guaranteed rental income properties.
2: A Diverse Portfolio
The development of the Turkish housing market with new laws and investment plans in the last 10 years has highly diversified the portfolio of commercials, flats, and houses. Whether you are looking for a second-hand home or off-plan and new real estate, the sky is the limit in this market.
You will surely find what you are looking for, from beachfront houses to ones in the city center or remote locations. See our wide range of properties for sale in Turkey.
3: An Easy Purchase Process
The real estate buying process in Turkey is so easy that the entire process can be completed in a week. But, we must warn that it is easy with a professional and reliable company, especially if you do not know the process well in Turkey.
Antalya Homes ® has a professional team of local agents who guide buyers through the entire journey, from finding their dream home to signing title deed and moving in. We stand out with our Zero Error principle by offering a smooth and easy process since 2004.
You can visit our Property Purchasing page for more details.
4: Structured Payment Terms
Turkey is an investor-friendly country. You can find all types of real estate that are suitable for all budgets. Easy payment terms in Turkey allow you to buy a luxury home at affordable prices.
If you want to buy an off-plan or newly constructed home, you can also take advantage of structured payment plans ranging from 6 to 60 months. This means that in some cases, you have up to five years to pay off your home, but you can move in and sign the deeds earlier. This is also a great incentive for first-time buyers because there is 0% interest to pay.
We have hundreds of properties for sale with structured payment plans. Check now!
5. Low Cost of Living
The low cost of living conditions in Turkey allows you to achieve high living standards at affordable prices. We prepared detailed data to give you an idea by comparing;
• The cost of living in Turkey is 59.36% lower than in the United States on average.
• Rent in Turkey is 87.04% lower than in the United States on average.
• Restaurant Prices in the United Kingdom are 300.59% higher than in Turkey.
• Groceries Prices in Germany are 120.64% higher than in Turkey.
• Consumer Prices in Finland are 171.09% higher than in Turkey (without rent).
Of course, the costs may vary depending on the city you live in. But, if we speak for the middle and middle-upper life segments, the above difference will be very apparent in Turkey. To learn more, visit our The Cost of Living in Turkey.
6: Easy Access
Turkey attracts investors' attention with her unique geographic position, lying partly in Asia and partly in Europe. It is easy to travel to and from other countries. Also, Turkey has an extensive transportation network. It offers various ways to travel comfortably without spending too much time and money, such as airlines, ships, etc.
The Turkish Government has invested in airports in the country. The airlines in Turkey, such as Turkish Airlines, have frequent flight schedules all year round. During summer, there are regular ferry services to all the Greek Islands. Investments have also been made in the modernization and upgrades of the motorways to make driving faster than ever before.
These investments are pretty important for investors in terms of buying real estate in another country. Investors can keep in touch with their properties by enjoying great comfort in their travels both inside and outside. For example, if you have an issue with your property, you can reach it easily or you can have a quick trip to Turkey for weekend getaways without wasting so much time on the road.
7: The Mass of Interest and Activities
In all major cities, residents can take advantage of modern city life, arts, and cultural activities. The cities in the Aegean and Mediterranean have added benefits of living by the sea as most of everyday life takes place outdoors.
Skiing centers are popping up all over the country. Some regions, such as Belek in Antalya, have earned themselves a reputation as a hot golfing destination. It is cliché, but we must mention the gorgeous climate.
Think about summer evenings with outdoor dining and days spent by the pool.
8: High Investment Profile
In 2020, Turkey was ranked 14th in the research that ranked the 25 most profitable real estate investment markets, leaving behind countries such as Spain, Portugal, and Greece. Also, The Ease of Doing Business Report 2020 conducted by the World Bank ranked Turkey at 33rd among 190 countries.
The main motivations for this growing interest are affordable prices, growth projections, and a stable tourism market.
Turkey has safe investment legislation that complies with international standards and offers equal treatment for all investors. The priority is to protect the benefits of investors and encourage foreign direct investment.
According to the Union of Chambers and Commodity Exchanges of Turkey (TOBB), 80.000 companies started operating in Turkey in 2019. 12.634 of these companies (around 15%) were foreign-based companies. The newest reports show that the investment rate in Turkey has increased 9 times compared to the last 10 years.
9: Healthcare System in Turkey
The health system is the most effective factor that makes Turkey stand out. "Everyone has the right to social security in Turkey.” Both public and private health services are easily accessible and affordable for everyone.
Especially private hospitals in Turkey are preferred by foreigners due to the reasonable prices and high service quality compared to Europe and North America. So, health tourism is advanced in Turkey. For detailed information, visit Healthcare System in Turkey.
10: Turkish Citizenship by Investment
According to the new regulation, Turkish citizenship will be given directly to foreigners who buy at least 400.000 USD of real estate. The citizenship application takes up to 7 days to be approved if you meet the conditions. Visit our Citizenship in Turkey page for more details and FAQ.
Antalya Homes ® is a professional real estate company with deep knowledge and experience in citizenship. We have delivered thousands of title deeds with Zero Failure to our customers from 84 different countries. Our expert team guides you through all the steps, from purchasing your dream home to getting a residence permit.
You can also take advantage of our free before and after-sales services after you complete your purchase process.
Why not take a look at our real estate listings in Turkey? You can contact us today if you want to speak to our real estate agent about the benefits of buying property in Turkey.
Frequently Asked Questions About Property Investing in Turkey
We have answered your top questions regarding real estate investing in Turkey!
Q: What is the benefit of buying property in Turkey?
A: The main advantage is that, in comparison to Europe, living conditions are quite excellent quality and reasonably priced. Here, it is quite cost-effective to make profitable future investments in the real estate sector.
Purchasing real estate in Turkey is also one of the options for obtaining Turkish citizenship through real estate investment.
Q: Is Turkey a good place to invest in real estate?
A: Yes. Real estate investments are highly recommended in Turkey. The cost of living is pretty affordable. Türkiye has also a strong economy, and the government is committed to making the country a desirable location for businesses.
You can learn the best cities to live in Turkey from our blog Where Is The Best Place To Live In Turkey?.
Q: Is it a good time to buy real estate in Turkey?
A: Yes. Anytime is a good time to buy property here. Between 2022 and 2027, the real estate market in Turkey is expected to expand at an average annual rate of 8%, according to experts.
To learn more, you can visit our blog Is Now a Good Time to Buy Property in Turkey?.
Q: Why is Turkish property so cheap?
A: The prices are affordable compared to those in other countries because of the exchange rate difference.
As it is fairly priced, do not be put in any doubt about its quality because the real estate sector in Turkey is one of the top markets in terms of quality and diversity.
Q: Does Turkey have a high cost of living?
A: No. The cost of living in Turkey can come as a pleasant surprise to foreign buyers. It varies depending on the region, of course. The most costly locations are metropolitan areas and commercial hubs. For example, Istanbul is far less expensive than London or New York, despite being the city with the highest cost of living in Turkey.
Q: Is Turkey safe for property investment?
A: Always, yes. The Turkish government offers incentives and takes the necessary steps to ensure that both domestic and foreign investors benefit from their investments.
You can look at our blog How Much Return on Property Investment in Turkey? to find out how lucrative your investment return can be.