Real Estate Turkey
Real estate Turkey is one of the most reliable markets for foreign investors. It progresses to develop day by day. This attention can be linked to lots of factors. One of them is Turkey's investment program that offers dual citizenship to investors.
Turkey real estate in 2022 continues to attract the attention of foreign investors. Discovering suitable and perfect real estate for yourself and your family can be complicated. Your lifestyle and budget will be the first two significant issues in your search for real estates Turkey.
When you inform us of the type of Turkey real estate you are in search of, your budget and the district you are interested in, or you may prefer, we will prepare a portfolio of properties gathered in accordance with your demand. After completing your real estate investment, you will be able to apply for Turkish citizenship.
Although Istanbul is the first city that comes to mind when it is about said Turkey and real estate investment, in Turkey's other major provinces or local places also possible to find Lots of luxury real estate Turkey.
Why to Invest in Turkey Real Estates?
Real estate Turkey is a very good investment option for tomorrow. Here are some features and reasons for it;
The cost of buying real estate in Istanbul, Turkey is quite low, compared to many other countries. This makes investing in houses for sale in Turkey, commercial units and land are very attractive. In the coming years, Turkey prices are expected to increase considerably, as this country will eventually join the European Union.
Buying property Turkey ensures an excellent return on most investments in recent years. The real estate market is expected to grow in 2023.
The government of the Republic of Turkey has started procedures to provide some conveniences for foreign citizens in acquiring real estate in Turkey.
The first of these facilities is the right to make an application for a Turkey residence permit by buy property.
The residence permit, given 1-year during the application, is a great advantage for those who want to stay longer than the visa period in Turkey. You do not need a residence permit for foreigners in buying real estate in Turkey.
Another important issue in terms of real estate in Turkey is Turkish citizenship. Those foreigners who cannot obtain Turkish citizenship by birth, by paternity, or by marriage can able to apply for citizenship in Turkey by buying $ 250,000 worth of real estate in Turkey.
As a result of the evaluations of the official authorities, the foreigners who have full documents and information and who do not have any legal problems obtain Turkish passports.
Another factor that attracts different nationalities to the country, Turkey is to have very favorable conditions for foreign investment and living.
For example, if a foreign investor lives in a country or city that does not have a sea, one of its biggest aspirations may be a sea view or a seaside property.
Or foreigners who live in a place with the majority of the year in cold climate conditions may prefer to live in a country where they can live in different seasons.
Foreigners with economically, politically and militarily distressed country conditions can choose a country where they can live with more liberal, democratic and economically better conditions.
In a country with world-class educators and schools in education, they may want to guarantee their children's future. They may want to live in a country that can offer advanced free healthcare services, well-trained healthcare staff and a fully equipped hospital with a high level of health care, without health concerns.
Evaluating the business opportunities in Turkey, they may dream to work in a job with a good salary or quality may wish to establish their own commercial enterprises. As a result, dozens of causes brings the issue of real estate in Turkey for foreigners extremely important.
When looking at all these issues from a foreigner's perspective, the most important issue that we encounter is trust. People want to live where they trust, want to do business with reliable people, or want to invest in a secure property.
A foreigner must cooperate with truly reliable real estate Turkey agents and lawyers to invest in real estate outside his/her country's territory in a place where he/she does not know and know her language, customs and customs, and laws.
Buying Turkey Real Estate
Turkey is a famous country among millions of tourists and investors because of its rich culture. As well as due to its nature beautiful Turkey it stands among the attractive countries in the world. Turkey, which providing convenience and ease of living conditions for many tourists and foreigners who visit the country, makes them become interested in buying a property in Turkey.
The demand to buy Turkish real estate for sale is booming day by day. However, the residential buildings of luxury Turkey homes are ever-changing as well. Turkey Real Estate, which are well-considered as reasonable price-oriented, is now recognized as houses that add privilege and prestige to their purchasers.
Turkish Real Estate Prices in 2022
Turkey real estate prices as end of July 2022, have increased by 195.44 percent in comparison to the last year. The average size of Turkey real estate for sale is 132 square meters.
Average Turnaround Time of Turkey Real Estate is 18 Years
The average square meter unit price of real estate in Turkey is 10,683 Turkish liras as of the end of July 2022. The payback periods of the Turkey real estate for sale with the same characteristics are at the level of 18 years.
The Cities with the Highest Rising Real Estate Prices in Turkey
Considering the annual averages, the provinces that gained the highest value in terms of housing as of the end of July 2022 were respectively, Mersin, Istanbul, Antalya, Kocaeli and Nigde.
The Cities with the Fastest Earning in Turkish Real Estate
Considering the amortization periods, as of the end of July 2022, the cities with the fastest returns in Turkey real estate were respectively Antalya, Ankara, Istanbul, Kars and Mus.
No matter where in the world or in Turkey, one of the best ways to live a prestigious life is to have a quality or luxury property. Although there are so many alternatives of real estate Turkey in our country, of course not everyone is able to benefit from them.
In order to have a prestigious property, living standards and income levels must also be high. Although the general idea accepted in society is in this direction, it is possible to own a prestigious living property without paying too many costs. The decisive factor here is your budget in real estate purchases. But in many cities of Turkey, with commensurate budget apartments, residences, villas, it is possible for you to have a prestigious office as a summer home or commercial.
Where to buy Turkish Real Estate?
One of the frequently asked questions by potential buyers is, "Where to Buy a House in Turkey?”
Whether they get to live in or for investment. Each region varies according to society levels and addresses differ according to their way of life.
Turkey's real estate market is very similar to other parts of the world. In every city of the country, you are able to find land, the most recent trends of houses, villas for sale in Turkey, services, facilities, and other similar factors.
Turkey's official land records indicate that the most famous districts (such as Istanbul the most beautiful and biggest city of Turkey, Izmit, Antalya, Fethiye, Bursa, Bodrum, Alanya, Yalova, Trabzon, etc.) Istanbul real estate draws the attention of foreign investors the most in recent years.
Mediterranean Regions are the regions where luxury real estates are concentrated in. You can find luxury real estate for sale in Turkey in cities such as Antalya, Konyaalti and Lara, Kaş, Kalkan, Fethiye.
The most valuable districts in Izmir in the Aegean region are Cesme, Urla, Bayrakli, Bornova-New City Center, Karsiyaka-Mavisehir-Atakent region and Guzelbahce. In these regions, qualified and luxurious housing projects are produced.
Istanbul is the equivalent definition of luxury real estate in Turkey. The city's economy, which is more developed than other provinces, huge investments and investments in the construction area, change the skyline of the city day by day. The main regions that we can define as a prestigious and luxury segment in Istanbul are; Nisantasi, Etiler, Ulus, Bebek, Levent, Emirgan, Tarabya, Zekeriyakoy, Bomonti, Gokturk, Kemerburgaz, Kandilli, Atasehir, Suadiye, Caddebostan.
A major part of the Turkey houses can be invested in, not only by Turkish people but also foreigners wishing to benefit from the real estate market. The reason for this is to support the Turkish real estate market and to enrich the real estate market rather than be late, so prices are still lower than the western countries.