The planet has become a global village as a result of travel, trade, and technology. In recent years, global investment patterns have shifted dramatically. Overseas buyers of real estate in Turkey is now becoming the latest trend.
Every year, a growing number of investors are gravitating toward overseas real estate. Investors search for ways to diversify their portfolios, and real estate investment makes this a lot easier. Investing in overseas property could help you avoid paying taxes. Therefore rental income will help pay the mortgage and provide benefits as a source of income.
Investing in Turkish real estate
Turkey is one of the few countries where foreigners can invest in real estate. It is one of the few countries that provides a friendly living atmosphere and a variety of other advantages to international investors.
One of the top countries for real estate investment
Turkey is ranked 14th among the best countries for real estate investment, according to recent statistics. It also performs well in global tourism, consistently ranking among the top ten most visited countries. The nation has world-class infrastructure, and the cost of living is a fraction of what it would be in some of Europe’s former big countries.
Turkish citizenship by real estate investment
Another big draw for international visitors is Turkey’s Golden Visa Programme. Any foreign physical individual who invests a minimum of 250,000 USD in Turkish real estate is eligible for Turkish citizenship. The worth and prestige of a Turkish visa are well-known worldwide, and no wise investor would want to forego those advantages.
The top six locations in Turkey for investment are: Istanbul, Bursa, Kusadasi, Bodrum, Antalya, and Alanya.
Istanbul – Marmara
Istanbul is a 4-hour flight away from more than 55 countries worldwide. The New International Airport, a big draw for the country and Istanbul, has been added to this, making travel more convenient.
Istanbul is one of the top cities to visit. The country’s economic strategy for 2023 included all of the most appealing choices for making Istanbul one of the most wanted cities to invest in. As compared to other global peers, another big appeal of Istanbul is its affordability. Prices per square metre in London, for example, are 677 to 862% higher than in Istanbul.
Bursa – Marmara
Bursa is second only to Istanbul in terms of economic development and a wealthy population. The number of property sales to foreigners in the city has constantly been rising, especially in the high-end houses and villas. Bursa, situated on the Uludag Mountain, is one of Turkey’s most popular skiing destinations, attracting millions of visitors each year. Mudanya and Yalova’s sea views and beaches are additional attractions. The spas and resorts in this area are extremely popular with visitors to Turkey.
Kusadasi – Aydin
In comparison to other areas, real estate prices in Kusadasi are lower. Property buyers will find a wide range of homes and properties in this area, from affordable apartments to luxury condominiums. Kusadasi properties are renowned for their luxurious features. You can easily find a property in Kusadasi, whether you want a villa with a private pool and a landscaped garden or a quiet and elegant multi-story house.
Bodrum – Mugla
This location is a favourite holiday destination. Bodrum is known for its beautiful resorts and yachting marinas. Bodrum is home to a significant number of overseas property buyers. The language and culture of Bodrum are appealing to many.
Antalya – Antalya
Antalya is a preferred destination for foreigners, this venue is one the most attractive for buyers.
When the Turkish government allowed foreigners to invest in real estate, Antalya was the first city to see a hike in demand for luxury homes. Antalya is a busy city; it also has distinct locations with a variety of ambiances to choose from.
Alanya – Antalya
It is a place to visit, and buyers from over 80 different countries have invested there. Alanya appeals to real estate investors in all ways.