Turkey is one of the countries where foreigners are permitted to invest in their real estate. It is one of the fewest countries that offers a friendly atmosphere to live in and enjoy various other benefits for foreign investors.
In the recent past, the nation has progressed so well in building technology, housing, educational and medical installations. The environment, culture, cuisine, increasing urban population, and work opportunities all add to this coastal country’s glamour.
Choosing Turkey as a country to invest in international real estate is an excellent choice!
Many countries have now relaxed their limits on foreign real estate investment, and one of them is Turkey, which has excited investors.
Are you wondering if you should want to spend your hard-earned money in Turkey?
Although the answer may not be that clear, different considerations should be taken into account before making the final decision to invest, for example.
The growth of the country’s economy.
The explanation of why you want to invest overseas.
The property’s estimated future value.
Benefits that you get by investing in the country.
The currency’s exchange rate.
The capacity of the country to deliver promising returns.
The affordability and your budget.
The type of property in Turkey that you are looking to purchase.
One of the top countries for real estate investment:
Turkey ranks 14th among the best countries for real estate investment, according to Global Surveys. In addition, it also scores in the global tourist footprint, always ranking among the top ten most visited countries. The country offers world-class infrastructure, and the cost of living is only a fraction compared with major European countries.
Turkish Citizenship by real estate investment:
Turkey’s Golden Visa scheme is yet another main draw for foreigners. Any foreign individual who invests a minimum of 250,000 USD in Turkey’s real estate are eligible for Turkish Citizenship. There is a worldwide reputation for the worth and acceptance of a Turkish visa, and any wise investor will never want to risk those benefits. More on Turkish Citizenship can be read here: Turkish Citizenship.
Appealing exchange rate:
The Turkish Lira currently provides the best exchange rate for most global currencies. It implies that you get the dream property at the fullest value and the most affordable market rates you would ever imagine.
Diverse and appealing choices:
The real estate of Turkey is vast and immersive. Turkey’s real estate will spoil you for options, ranging from seaside villas to quiet and serene luxury apartments.
Cost-effective and budget-friendly:
Real estate prices in Turkey are competitive compared to other European countries. No wonder the country witnessed 45,483 sales of residential property to foreigners in 2019 alone.
Simplified buying process:
Moreover, buying and owning real estate is more straightforward in Turkey compared to most other European countries. It offers investors a simplified buying process.
Deciding on locations in Turkey:
That said, Turkey is a vast country with many attractive places, established in terms of real estate, infrastructure, business opportunities, and offering its lifestyle. This will become clear, as you go along.
Top locations to invest in Turkey:
The following six top locations in Turkey for real estate investment are indicated by expert research and industry trends, as well as data that is gathered by many independent sources:
You can take a look at these area guides for locations to invest in Turkey.
Careful consideration of many aspects is required for investing in real estate abroad. This is because we are mostly newcomers to the nation and spend with many expectations while having future generations’ needs in mind. Thus, selecting a venue and the type of home should be done after due thought.
Turkey is a sanctuary for investors in foreign property. It draws investors like never before with a positively rising economy and optimistic forecasts; however, before making any significant decision to ensure that the findings are still promising, competent real estate specialist recommendations and legal advice are always recommended.