Buying real estate in Turkey: main advantages for overseas investors

The acquisition of residential and commercial real estate in Turkey attracts many investors from other countries, and there are reasons for that. One of the main ones can be considered a guaranteed residence permit, as well as the opportunity to obtain citizenship when buying objects that cost 250 thousand dollars or more.

Other advantages of buying a property in Turkey:

1. Simple and easy process of purchasing property. To conclude a purchase and sale agreement it is enough for an investor to have a foreign passport and a collateral amount.
2. Low taxes on the purchase and maintenance of real estate.
3. Favorable conditions for mortgage lending, allowing you to get a loan with a minimum interest rate.
4. Low cost of living in the country – affordable prices for food, clothing, shoes, basic necessities.

It is worth noting another important advantage – the availability of special investment programs that can make the purchase of real estate even more profitable. For example, overseas investors can buy an apartment at an early stage of construction and sell it at a higher price when the house is fully ready.

We should not forget that housing, as well as commercial facilities in Turkey, are cheaper than in most countries of Europe. Even houses and apartments in the coastal zone can be found here at an affordable price. In the future they will be able to bring a high income from rent.

What is a good way to choose properties in Turkey?

When contacting verified real estate agencies, the buyer can take advantage of such an offer as a free tour. It allows you to go to the country and see the objects of interest with your own eyes, and get acquainted with the districts and their infrastructure.

When the object is selected, the investor will only have to sign the documents and make a deposit. Next, a purchase and sale agreement is drawn up, where all the conditions on both sides are prescribed. After that, the buyer pays the entire amount or takes out a loan. It will also be a plus that you will not need to open an account with a European bank for the purchase.