A second home in another country is no longer trendy but is a well-deserved feature of 21st century living. With a myriad of countries that allow foreigners to buy homes and reside abroad, prospective home owners are often looking for good reasons to invest in properties in Turkey. They want to know the facts to determine whether this is the right investment for their portfolio of properties as well as a great location for their future if they decide to leave the country.
In the years prior to 2000, the property market in Turkey was far behind other countries in regards to modernisation and innovation. The problem was in the local market, as mortgages weren’t readily available, and generations of families resided in the same home. The architects who were trained but unable to find an audience for their talents frequently went to other countries.
However, the world changed around the beginning century. The banks made mortgages a major element of their portfolios and the construction industry launched a huge campaign to modernize and improve the housing.
We have overseen property sales Turkey for many years, we’ve observed a number of changes in the legal system as well as the design and design of the new construction. Each of these changes has been beneficial to the purchaser and a needed step towards modernizing the Turkish real estate market.
Motives to Purchase Property in Turkey
1. Housing is affordable in comparison to other countries.
The market for real estate in Turkey was a bit late to enter the international market, hence the lower prices for houses quickly draw foreigners from diverse nationalities. The luxury homes are readily accessible, however in common cities such as Altinkum in the Aegean coast, a 2 bedroom furnished apartment is accessible for those who have a budget of $45,000. The low cost of housing has allowed many buyers to buy the property without loans or bank credit.
2. There’s an enormous pool of assets to explore
The development of the real estate market and the recognition the talent of architects have increased the portfolio of properties in Turkey to an extremely diverse quality. Foreign buyers have a variety of luxury and budget homes off-plan as well as new builds, resales as well as renovation and apartment villas. From basic and budget homes to luxurious properties with views of the sea and modern conveniences This is the variety that buyers don’t have to give up their dream of an idyllic home.
3: Great for long-term investment
For those seeking an investment that will last for the long haul the prices are likely to yield a substantial return on your investment. Experts generally suggest that the market for real estate is the best investment you can make, but the buyers in Turkey also have advantages over other countries like Spain or Cyprus where prices for property have already reached their peak. With regular maintenance and maintenance A well-maintained property in Turkey is a great opportunity to earn a huge the return of a long-term investment.
4. The life style is laid-back
Many thousands of Brits have purchased homes in Turkey And while the affordable property prices are attractive and the relaxed lifestyle attracts them to permanent living. Many prefer the coastal towns along The Aegean and Mediterranean where they can take pleasure in the seaside lifestyle, however other areas like the mountains of Uzumlu and the towns in the inland regions in Ovacik or Hisaronu have also proven to be very popular.
5. Living costs are relatively low.
For those buying here, one of the reasons to consider buying a property within Turkey was the affordable costs of living. Senior citizens are particularly getting great value because the exchange rate for their currency to Turkish Lira is earning them more than the typical costs of life.
Although petrol and red meat are costly, the weekly shopping spree can be quite affordable if you go to the local market for items like fruits vegetables, cheese, and olives. For household bills There is no TV license, and the council tax is a tiny fraction of the amount in the UK and services such as water could be as low as $7 per month based on the amount of usage.
6 Location, location, Location, location,
Turkey is the 37th biggest country in the world. A number of towns spread across the country from east to west draw foreign buyers. The majority of them are located along areas along Aegean and Mediterranean coastlines, excluding istanbul”>Istanbul that tends to draw working expats.
Most popular places are popular destinations include Bodrum peninsula, frequently visited by international, wealthy celebrities , and Fethiye which is especially picturesque. Altinkum is a popular destination for British tourists because of its atmosphere , which is often referred to as little Britain and Antalya tends to be much more European in its approach to life. Dalaman isn’t as talked about but for foreign property buyers it feels like home.
7: Food and culture of the region, as well as hospitality
In addition to the relaxed lifestyle and affordable price of living people have also mentioned the Turkish cuisine, culture, and hospitality as the main factors to consider buying properties in Turkey. The food culture still relies heavily on fresh, local ingredients that are used to create delicious meals that are home cooked as well as the Mediterranean diet that is frequently referred to as the most healthy in the world.
Turkish traditions and hospitality accept foreigners. And an old saying states that every stranger is an acquaintance. This is why many people of different nationalities are welcomed in Turkey and are enjoying a diverse cuisine with a focus on healthy food.
8. An easier purchasing procedure
Foreigners were the first to be able to buy properties in 2001. Since the time, authorities have continuously changed and simplified the procedure to draw investment into property markets from abroad. We also verify the documents of each property to make sure that they are in good legal in good. Find more information about the procedure here or, alternatively, look through our inventory of properties available across the country. Our team is here to guide you through each step to owning your own property in Turkey.
Menu
Copyright – Flame Radio Business Network