The idea of having a second residence abroad is no longer a fashion but a well-deserved part of 21st century living. There are a lot of countries that permit foreigners to buy and live abroad, prospective home owners are often looking for good reasons to invest in properties in Turkey. They seek answers to determine whether this is the best option for their portfolio of properties as well as a great option for their next destination should they choose to leave the country.
In the years prior to 2000, the Turkish property market was far behind other countries in the area of innovation and modernisation. The problem was in the market in Turkey because mortgages were not available and generations of families resided in the same home. The architects who were trained but unable to find an appropriate market for their expertise frequently went to other countries.
However, the world was changed by the beginning century. Mortgages were a key part of their portfolios and the construction sector began a major campaign to modernize and improve the housing.
We have sold properties in Turkey for many years, we’ve witnessed a variety of changes to the legal system and also the architectural and housing styles of new construction. They’ve all been beneficial to the purchaser and a needed step towards modernizing the real estate market in Turkey.
The reasons to consider property sales 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 affordable prices of houses quickly draw foreigners from various nationalities. The luxury homes are readily accessible, however in common cities like Altinkum located on the Aegean coast, a two-bedroom furnished apartment is accessible for those with a budget of around $45,000. The low cost of housing has allowed numerous buyers to purchase the property for themselves without the need of loans or bank credit.
2. There’s a vast pool of resources to explore
The development of the real estate market and the recognition by talented designers has increased the portfolio of properties in Turkey to a wide range of quality. Foreign buyers have a variety of luxury and budget homes off-plan and new construction, resales and renovated apartments and villas. From basic and budget homes to luxurious properties with ocean views and modern conveniences There is a wide range of options and buyers are not required to sacrifice their dreams of an idyllic home.
3: Great for long-term investment
For those seeking an investment that will last for the long haul These prices could be able to yield a substantial return on your investment. Experts generally suggest that the market for real estate is the most long-term investment, however the buyers in Turkey benefit from additional advantages over other nations like Spain or Cyprus in which property prices have already reached their peak. With regular maintenance and upkeep A well-maintained property in Turkey offers a massive potential returns on investment over the long run.
4. The life style is laid-back
Many thousands of Brits have bought houses in Turkey and, while the property prices are low can be a draw and the relaxed lifestyle draws them to the country for a long-term living. The majority of them prefer coastal towns along The Aegean and Mediterranean and can enjoy in the seaside lifestyle, however other areas like the mountains of Uzumlu and the inland towns like Ovacik as well as Hisaronu have also proven to be very popular.
5. Cost of living remains relatively low.
For those buying here, one of the reasons to consider buying a property within Turkey was the lower costs of living. Senior citizens are particularly getting great value because the exchange rate for their currency to Turkish Lira is earning more than the average price of living.
Although petrol and red meat are costly, the weekly purchase can cost less if you visit the local markets to purchase things like fruit 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 the location
Turkey is the 37th biggest country in the world. Its large number of towns that stretch between the eastern and western regions draw foreign buyers. The majority of them are located along areas along Aegean and Mediterranean coasts , with the exception of istanbul”>Istanbul where it is more likely to draw working expats.
Most popular places are The Bodrum peninsula, which is frequently frequented by rich, international stars and Fethiye which is especially picturesque. Altinkum is a popular destination for British tourists due to its atmosphere , which is often referred to as little Britain and Antalya tends to be far more European in its way of life. Dalaman is not as well-known but for foreign buyers of property there it is like home.
7: Food culture, hospitality and food
In addition to the relaxed life style and the low price of living people have also cited the Turkish cuisine, culture, and hospitality as the main factors to consider buying properties in Turkey. The cuisine is still heavily based on fresh, local ingredients that are used to create delicious meals at home and is similar to the Mediterranean diet, which is often referred to as the most healthy in the world.
Turkish tradition and hospitality welcome foreigners. An ancient saying says that everyone is an acquaintance. This is why many diverse nationalities feel at home in the country and love eating a variety of new dishes with a focus on healthy food.
8. A simpler purchasing procedure
Foreigners first had the ability to purchase property in 2001. Since the beginning, authorities have constantly changed and simplified the procedure to encourage investment into property markets from abroad. We also verify the documents of every property to ensure that they are in good legal in good. Find more information about the procedure here or you can browse our selection of homes available across the country. Our team is here to guide you through each step towards owning your own property in Turkey.
