What has been happening in recent years in Turkey’s real estate market and why foreign investment rates have been on an increase? All your questions are answered below.
Investing in Turkey’s real estate properties is a wise decision in many ways:
Purchasing a property in Turkey under your name makes you eligible to apply for residency, so you have more freedom to spend more time in the country.However, if you are planning to use it as a holiday home then a tourist visa will be applicable, and a restriction will be applied to the amount of time spent in the country.
On the other hand, if you are planning to move to Turkey permanently, applying for a resident’s permit allows you to stay in the country longer so you can eventually acquire your citizenship.
Whatever the reason for your interest in buying property abroad, there are many benefits to choosing Turkey as your second home.
You can invest in very reputable and luxurious properties in Turkey by paying way less than other EU countries, for instance, a budget that would buy you a one-bedroom apartment in the London could buy you a three to four-bedroom villa in many popular areas in Turkey.
Turkey’s weather is perfect in all seasons and is suitable for different tastes as you will always find activities to do during any season. Whether it’s summer, winter, autumn, or even spring there will always be a place to explore, an activity to experience, or a getaway to relax in.
One of the main benefits of investing in the country because no matter how much you are paying it’ll still remain cost effective when compared to many countries therefore no need to worry about expenses like gas, electricity, council tax, maintenance, renovations, or even everyday groceries as anything you need will be at very affordable prices for you.
Buying a property in Turkey and have it registered under your name will allow you to be eligible to apply for residency in Turkey and have more freedom to spend more time in the country. However, if you are planning to use the property as a holiday home then a tourist visa will be applicable, and a restriction will be applied to the amount of time spent in the country. On the other hand, if you are planning to move to Turkey permanently, then a residents’ permit is the solution to staying more and having an opportunity to becoming a citizen.