According to Turk.Estate, in 2021 more and more new overseas buyers are interested in real estate in Turkey. The British and Russians are the most active. Investors prefer to choose this country as an investment site.
Is investing in Turkey the best idea?
The ongoing market situation says “yes”. Those interested in Turkish real estate can find affordable prices for flats and villas, numerous properties of the various price range, and flexible conditions for transactions with foreign buyers in the country. Over the past 20 years, the Turkish market has received 10 times more buyers, the number of which is growing every day.
Guide on investments in Turkish housing
Any foreigner can buy an apartment in Turkey. Sometimes, it takes from one day to three weeks to make a transaction. This point is important here. However, entrepreneurs are interested in a much more important question – how to make real estate work for itself?
The most common option is to rent an apartment. Some prefer to profit from the resale of an apartment. Regardless of which way you choose, you need to prepare for the process in advance. Below are a few questions that are of most concern to novice investors.
No.1 Why is Turkish property so cheap?
Property prices in Turkey are lower than in other European countries, such as France or Spain. The minimum cost of apartments here is $65-80 thousand. The main reason is the rudimentary state of the market. The development of the sector is gradual and uneven. In some regions, active construction of new buildings is underway. On the contrary, in some regions, the residential sector is outdated and requires fundamental changes. Despite this, the first half of 2021 showed a 30% increase in prices, which means that the market is steadily growing.
No.2 Why is it worth investing here?
Short-term and long-term investments work well in Turkey. You can receive passive income from renting an apartment, or you can keep it for several years and resell it profitably due to price increases.
No.3 Is it safe for foreigners to buy Turkish property?
The housing sector is supported and controlled by the state. Only accredited companies are allowed to work in Turkey. The same goes for realtors. No agent has the right to work with clients without a license.
Assistance in buying a home in Turkey
Start searching for your dream flat today! Turk.Estate will always help you find a suitable one for investment or permanent residence in Turkey. Experts will advise you on how to buy and sell your property in the country, and will also take part in concluding a secure transaction.
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