Real estate purchases are investments regardless of their purpose. Thus, you should expect an investment return within a reasonable period. In addition, you may want to keep the value of your money on the property. If you are looking for an excellent place to invest, keep reading to find out the advantages of investing in Turkish property.
Turkey is not only a popular tourist destination in the Mediterranean; it also attracts investors. Turkey offers a good return on investment opportunity for all investments, including real estate investments, by providing the necessary instruments to maintain a thriving investment environment.
Turkish properties offer a good return on investment rates with long-term and short-term investments and buy-to-let and resale opportunities. In addition, Turkey’s real estate gains a lot of value every year, so making a good profit when reselling allows.
Turkish buy-to-let apartments are also desirable investments. You may make quite an excellent rental income every year in Turkey.
Additionally, renting out properties in Turkey amortizes your money within a reasonable time frame. Turkish properties are such attractive assets that it’s very profitable to invest in them.
Is Buying Property in Turkey a Good Idea?
Turkey is among the most popular foreign real estate buyers regarding its high earnings potential and comprehensive advantages.
It is, in fact, a beautiful country, with its scenic beauty and cultural heritage, along with blue-flag beaches along the Mediterranean coast. Every year, it receives visitors from around the world for tourism purposes.
Both public and private health institutions in Turkey provide developed healthcare services. As a result, Turkey has a lower cost of healthcare than European countries and the Americas and is modern and quality.
All foreign patients and emergency departments are covered for free. Furthermore, healthcare services in other departments of public hospitals are minimal if one has a valid residence permit in Turkey which can be obtained easily by buying property.
Turkey has a developed airway network based in virtually all countries globally. If you own property in Turkey, you’ll want to visit it more often. You will take regular flights from many countries. Transportation is highly developed in the country.
Additionally, Turkey is known for its unique cuisine. Turkish cuisine consists of various delicacies and recipes served in the country for hundreds of years. This recipe is usually special to the country, and first-timers enjoy it.
Should You Buy Property in Turkey?
If you buy a property overseas, mainly when considered an investment that will return profits, you are probably looking for low maintenance costs. Maintenance costs in Turkey are also very affordable.
Apartment complex maintenance fees range from 20 to 25 euros on average and cover cleaning, maintenance, and all other costs associated with common areas such as the garden, lift, stairs and pool. The property prices in a country are one of the leading reasons to buy property overseas.
However, Turkey’s real estate prices are surprisingly low, even lower today due to high foreign exchange rates. The US Dollar, Euro, and GBP are stronger against the Turkish Lira than ever before. In Turkey, property prices are determined by the Turkish Lira, and foreign currency equivalents go down depending on the exchange rates, so buying a property in Turkey costs lower than ever.
Turkish real estate offers a wide range of properties for sale. Despite the low-budget investments you can make with affordable properties, you can also find high-quality luxury properties such as sea view villas in Turkey.
Turkey’s property buying process is more accessible than most other countries. As a result, Turkey is also a popular destination among international buyers.
The legal process is quick and is completed within a short time, possibly within three days after choosing the property. As a result, the Turkish property market is now easy and quick, so you can invest without dealing with unnecessary paperwork.
TeleProperty, Antalya Homes’ online property purchasing service, simplifies purchasing a property. With TeleProperty, you can buy property on your couch while sitting at home.
Additionally, you will be able to complete the title deed process through a power of attorney, which you will send to your representative at Antalya Homes.
Is It Worth Buying a Property in Turkey?
Besides the features offered by the beautiful country, buying a property in Turkey offers additional advantages. In Turkey, foreign property owners can get residency quickly by applying with their title deeds.
Homeowners in Turkey are entitled to a short-term residence permit granted for two years. If the residency is extended for two more years after the validation period is complete, you may renew your residency permit for two years.
Turkey’s residency program provides buyers with an advantage for those who want to stay longer. You will no longer need to obtain and renew a visa with a residency. In addition, having a permit in Turkey will make it easier for you to benefit from public services.
Since September 2018, Turkey has been running one of the most affordable citizenship for investment schemes globally. A simple and newly increased spend of just US $250,000 on freehold property in Turkey can now secure a Turkish passport. These days, this amount is expected to increase to 400,000 USD. The approximate length it will take to receive your Turkish Passport is anything between 3-6 months, subject to local offices’ workload. You can follow the developments regarding Turkish citizenship from here.
In light of all this information, it seems very attractive to buy a property in Turkey. We recommend that you decide on the possibility that your investment will increase exponentially in the coming years.