People who have spare income via an inheritance, a lump sum, or are mortgage-free invest in foreign property. There are several reasons for this, they want the freedom of holidays whenever they choose and they can also see rental potential by way of letting the property out when they are not using it themselves. A holiday home is ideal for extended holidays and weekend getaways it’s the ultimate in investing in a good lifestyle and where do most buyers choose? The simple answer is Turkey, so your next question is, why invest in Turkish real estate?
Turkish property is very inviting it provides luxury living at affordable prices and with the beautiful coastlines of the Mediterranean and the Aegean to choose from who wouldn’t want a holiday home with palm-fringed beaches and sea views? Whatever you are looking for in a property whether it’s a 1, 2, 3, or 4 bedroom apartment or a private villa it’s all available in Turkey and it won’t break the bank.
If a beach property is not up your street and you prefer to be in the hub of a city then there are many wonderful cities in Turkey to choose from. Pick from a studio or a 1, 2, 3 or 4 bedroom apartment or house a city home offers you a superb lifestyle right in the heart of a vibrant city where cafes, bars, restaurants, museums and art galleries are right on your doorstep.
The Turkish weather is fabulous, warm springtime’s, hot summers, balmy autumns and mild winters make visiting anytime possible. You can still lie on the beach in October and get a suntan, city sightseeing is ideal during spring, autumn and winter times it means you can go to your holiday home whenever you choose too.
Living in Turkey full time
If you decide to become a full-time resident in Turkey then lucky you! The cost of living is amazingly cheap, utility bills are a fraction of the cost you would pay in the UK for example. Weekly markets are a pure joy to visit and you can buy all your fresh produce amongst other items including fruit and veg, eggs, fish, cheese, olives, bread, olive oil and the list goes on.
If you are under 65 years of age living as a foreigner in Turkey you must have private health insurance and its first rate and inexpensive, dental services are also around half price to what you would expect to pay in the UK. There are no lengthy hospital waiting lists you can make an appointment and be seen by a consultant within 1 or 2 days.
How do you reach Turkey?
Most countries fly direct into Turkey, it currently has 56 airports spread across all the major cities making it easy to fly there from whichever country you may be. Direct flights run through the season and off-peak times you can fly into the likes of Istanbul and fly from there to your chosen destination. Getting around Turkey is effortless and in major cities, you will find excellent rail links and in the smaller resorts, the local bus service is not only reliable but extremely cheap. Rental cars and taxis are also available at good prices making them ideal for tourists.
Why invest in Turkey
Investors bought into Turkey once they opened their doors to foreign buyers in 2003, they could foresee a lucrative market and invested in the key areas ensuring excellent rental returns on mainly holiday apartments and villas. Over the years that have since followed they haven’t been disappointed and increasingly we are seeing tourists preferring to rent a holiday property than stay in a hotel. This is good news for the owners as a good rental income means their investment is working for them.
There are plenty of very good reasons why you should invest in a Turkish property it’s impossible to list them all. The country is vast and varied and the economy is flourishing, there is a location to suit everyone, the culture is rich and the lifestyle is relaxed, it’s unhurried. The locals are warm and friendly and you will soon feel at home in this glorious land.