LOW COST AND INVESTMENT APPEAL
According to many real estate experts, a stable economic, political and social policy of the Republic of Turkey offers good prospects for business development and guarantee investment attractiveness in real estate. Year by year builds more and more real estate for which the demand of foreign investors is steadily growing. For a long time, Turkish real estate was undervalued by international traders. Recently, due to the volatility of major currencies, many foreign nationals find a safe haven to save and increase their savings. Once you invest your money wisely in Turkish real estate you can be sure that your money will not depreciate. There are primarily climatic, social, political and geopolitical reasons for this.
The opportunity to invest by buying residential and commercial real estate in Turkey, is available to everyone. This is evidenced by analytical data, according to which the annual increase in sales averages 7%. The average annual growth rate of housing costs reaches 10%, which makes the investment very profitable and reliable. In addition, the price of new real estate is increasing by up to 30% at the time of delivery of the object. Thus, buying property in Turkey, you get a stable source of income. Turkey's economy is quite resilient because it is not dependent on just one industry. Turkey is a leader in textiles, agricultural products, household appliances and construction materials. |
The Turkish government provides favorable conditions for foreign investment. Investors receive the same rights as Turkish citizens. As one of the most profitable investments is considered the construction of residential and commercial properties - mainly on the Mediterranean coast. This is due to the annual increase in the flow of tourists, the active development of infrastructure, increased demand for rental and purchase of housing, the organization of a variety of entertainment. Features when buying property by foreigners in Turkey. In 2006, a law allowing foreign nationals to buy property in Turkey. Foreign investors have the opportunity to invest in real estate and increase their capital owning objects in this beautiful country. At the same time it is necessary to take into account certain conditions when making transactions. It should be borne in mind that the law allows individuals to enter into sale and purchase contracts, but in general they can not own more than 2.5 hectares of real estate in Turkey. When processing documents at the land registry, the alien indicates that he does not exceed the stated threshold. Otherwise, the investor must get rid of the surplus by selling it and get the money in his account. |
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⚠️ Of course, renting out housing is a special kind of business. As any kind of business has its risks and force majeure. You must not forget that you are in the jurisdiction of another country and another culture. The paperwork is different from what you are used to in your country. There is a risk of miscalculation or becoming a victim of fraud by unscrupulous sellers of real estate. Make deals with trusted real estate agencies! |
During the tourist season, the cost of renting a home is measured in the range:✔️ A one-bedroom apartment in a new mid-range house when rented out to tourists should bring a weekly income of up to 500 €. ✔️ One-bedroom apartment in a house with hotel-type infrastructure, giving an income of up to 700 € per week. ✔️ A three-bedroom apartment in a luxury building with hotel infrastructure and sea views will cost tenants up to 1000 € per week. ✔️ A luxury villa in Turkey will give the owner up to 5000 € per week.
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Buying a residential property in Turkey, you become the owner of the profitable object. Profits are generated by the ever-increasing market price of the property or rental income from the living space. With the right choice of object in relation to the location of the sea, amenities and readiness for residence pay off is high enough, because such housing is in demand almost all year round.