Buyers occasionally inquire if Turkey is a good place to live. We always respond affirmatively. Anyone considering relocating to the country will find that it has a lot to offer. 1,166 000 foreigners held a short-term, family, student, or another type of residence permit in 2021. Because these permits allow holders to stay in the country for more than 90 days, we assume that most foreigners spend a significant amount of time here each year. Check out a guide to buying Turkish real estate.
Turkey’s status as an ex-pat destination has grown to the point where it now ranks alongside Spain, Portugal, and France as desirable overseas relocation destinations. Turkey’s diversity of nationalities also demonstrates that it is an all-rounder, attracting ex-pats from all over the world. Of course, each ex-pat’s experience is unique, but most retirees live along the Aegean and Mediterranean coasts in towns, villages, and cities.
So, we all know that money makes the world go round, and in Turkey, affordability is a crucial factor when deciding where to live. Utility bills, such as water, can be as low as £2 per month, and council tax can be as low as £10 per year, depending on the property type. There is no need to pay for a television license, and people do their weekly fruit and vegetable shopping at the local market. The high exchange rate gives foreigners receiving a pension or income in a foreign currency more value for their money than ever before.
What language barrier do you face?
To succeed in their chosen careers, foreigners who move to Turkey must learn the language; however, if you look at the Aegean and Mediterranean coasts, where most retired ex-pats relocate to, they don’t need to learn as the local Turkish community can speak English.
Turkey’s weather and climate
Each of Turkey’s seven geographical zones has its weather climate. Even in June, people in the northeast Kackar Mountains wear coats. The Aegean coast, in particular, and the Mediterranean, have about 300 days of sunshine per year. August is hot, with temperatures reaching 40 degrees, but mild winters follow. This ideal weather climate encourages an active outdoor lifestyle beneficial to the body, mind, and spirit. Consider alfresco dining and poolside days.
Properties for sale in Turkey
Is still new when compared to western destinations. Around 20 years ago, the government embarked on an ambitious plan to revitalize the city by constructing new, modern structures. This means that buyers will find low prices. Furthermore, Turkey recognizes the importance of foreigners purchasing property and has simplified the process. Property buyers obtain their Tapu on the same day if their finances and paperwork are in order—countries like Spain or Portugal, where the home-buying process can take months.
High-interest savings rates
Many retired ex-pats sold a home in their home country, converted the money into the Turkish Lira, and invested it in a high-interest savings account in Turkey. They then withdraw the monthly interest as a source of income in addition to their pension after paying taxes. Of course, interest rates vary depending on how much you deposit, but receiving 10% is not unheard of. This means that many ex-pats save money rather than touching their net worth. (Please keep in mind that exchange rates and interest rates fluctuate.)
A healthy way of life
Even though fast food restaurants can be found in almost every town and city, Turkish society still prefers good old-fashioned home cooking. Salad is a staple part of most evening meals, and you can quickly nip into your local lokanta for a fresh, homemade soup. Living in Turkey may be just what the doctor ordered to adopt a healthy lifestyle, as society encourages it and combines it with the weather climate’s outdoor lifestyle.
Network of transportation
Every year, Antalya, Dalaman, and Bodrum Airports serve millions of people and have received numerous awards for their professionalism. With the world’s largest duty-free zone, the New Istanbul Airport is, of course, the jewel in the crown. Turkey has also spent billions upgrading highways and building bridges. When you combine this with the cross-country bus system, getting around the country is easier than ever.