Advantages of owning real estate in Turkey
The aggressive trend towards real estate ownership in Turkey was not an absurd, ill-considered option. These foreign numbers that go to the Turkish market want to obtain many advantages and advantages, whether they are aimed at housing, investment, or to achieve other goals. To answer some of your questions in this regard, we have prepared this article for you. For your benefit, we wish you a pleasant follow-up.
What is the importance of buying real estate in Turkey?
The Turkish real estate market is one of the most beneficial markets in the world for foreign investors and here are some of the reasons:
Turkey enjoys a very stable political environment.
- The Turkish economy is growing rapidly.
- Real estate prices in Turkey are still relatively low compared to other countries.
- There is a wide range of real estate available in Turkey, from apartments to villas.
- Turkey offers a favorable tax system for foreign investors.
- Turkish cities offer a great quality of life, with plenty of things to see and do.
- The Turkish real estate market is still relatively undetected, so there are plenty of opportunities for investment.
- Turkey has a diverse landscape, so whether you are looking for a beachfront property or a mountain getaway, you are sure to find what you are looking for.
- Turkey is a growing economy and growing in popularity as a tourist destination, so the value of your property is likely to rise over time.
- There are many opportunities for rental income and capital growth.
Steps to owning real estate in Turkey:
When you make the decision to buy real estate in Turkey, there are a set of steps that you must follow that will help you reach the right option for you without wasting time, making wrong choices, or paying money in the wrong place:
- The first step in obtaining a property in Turkey is to see some of the laws that the Turkish law provides. For example, foreign citizens can only buy real estate in the following specific areas: - Tourist areas - Industrial areas - Areas designated for agriculture - forests. If the property you are interested in is If it does not fall into one of these categories, you will not be able to purchase it.
- Searching for a suitable property Once you have decided that you are eligible to buy a property in Turkey, your next step will be to find a suitable piece of property and this can be done by working with a reputable Turkish real estate agent who can offer properties that fit your budget and preferences and when looking at potential properties, pay close attention for the following factors:
Location: Is the property located in an area where you would like to live or invest?
Size: Does the property have enough space for your needs?
Age: Is the property new or old?
Disadvantages of owning real estate in Turkey:
There is no doubt that buying real estate in Turkey is a completely safe option, but at the same time this does not negate that there are some risks or problems that sometimes frighten the buyer, and they must be viewed first, including:
Individually, Istanbul property prices are rising as a result of the city’s popularity among investors. Prices have been rising visibly for years and don’t seem to be slowing down any time soon. This makes it difficult for ordinary wage earners to buy their homes. In addition, the Turkish government has been known to change the rules governing Foreign ownership of property frequently, which can make real estate investment a risky proposition Finally, Turkey is located in a seismically active region, and earthquakes are common; This is something potential buyers should consider when considering buying a property in it.
Where to buy real estate in Turkey?
It is natural to ask about the most suitable places to buy real estate in Turkey, especially if this is your first experience in the Turkish real estate sector, or if time does not allow you to see the most important ones, their features and some details related to its real estate markets.
1 - Istanbul is the most populous city in Turkey, with a population of over 15 million. It is also the financial and cultural center of the country and is located on the Bosphorus Strait that separates the European and Asian parts of Turkey. Istanbul also has a rich history, as it was the capital of the Byzantine and Ottoman Empires Today it is one of the most popular tourist destinations in the world. It is also a major center for business and finance.
2 - Ankara is the capital of Turkey and the political center of the country. It is also home to many government agencies and embassies.
3 - Antalya is one of the most popular tourist destinations in Turkey and it is also one of the most expensive cities in Turkey. If you are looking for a place to buy an investment property or a vacation home, Antalya is a great choice and there are many luxury apartments and villas for sale in Antalya.
4 - Izmir is another great city to buy real estate in Turkey and it is located on the coast of the Aegean Sea and it is one of the largest cities in Turkey and it should be noted that it is one of the most expensive cities in Turkey.
5 - Bursa is one of the most populous cities in Turkey and the fourth largest in the country, with a population of more than 2.9 million people and thus is a suitable housing option and a profitable investment.
Tammam Lama Real Estate is a real estate agency that specializes in helping foreigners buy real estate in Turkey. It has helped many in their journey. If you are interested in buying a property in Turkey, Tammam Lama can help you with that and can provide you with information about the different types of properties available, in addition to helping you find the perfect property that meets your needs.
