Real estate Turkey..the reasons for its popularity among investors
Real estate in Turkey is one of the most popular and competitive among its counterparts from developed countries around the world, especially European countries, and this was not a coincidence, but a natural result of the many advantages and unlimited advantages that can be obtained, and this became clear, especially in recent years.
Pros of buying and owning real estate in Turkey:
First of all, real estate in Turkey is quite affordable compared to other western countries and secondly, the Turkish government offers a number of incentives to foreigners who buy real estate in Turkey and third, there are no restrictions on foreigners owning real estate in Turkey and fourth, the Turkish real estate market is currently experiencing strong growth, This means that the value of your investment is likely to rise over time and finally, buying real estate in Turkey gives you the opportunity to obtain Turkish citizenship.
The future of buying real estate in Turkey:
Turkey has always been a popular destination for property buyers, but the market has seen some changes in recent years, so what does the future hold for buying property in Turkey?
The first thing to note is that the Turkish government is investing heavily in infrastructure projects, and this is good news for buyers looking for long-term stability as these investments will help boost the economy and make Turkey a more attractive proposition for real estate investors.
In addition, the government has introduced new regulations that make it easier for foreigners to buy real estate in Turkey and this is great news for buyers from all over the world who are looking for a second home or investment property in this beautiful country.
Finally, there is no doubt that Turkey offers great value for money when it comes to real estate, whether you are looking for a luxury apartment by the sea or an indoor property at affordable prices, you are sure to find something that meets your needs and budget.
So, if you are thinking of buying property in Turkey, now is the right time to do so with strong economic prospects and plenty of opportunities for growth.
Why is the investor attracted to buying real estate in Istanbul?
There are many reasons to invest in real estate in Istanbul As the largest city and financial center in Turkey, Istanbul offers a wealth of opportunities for investors.
Istanbul is a fast growing city, with a population expected to reach 20 million people by 2025 and this growth is attracting companies and entrepreneurs from all over the world, leading to a thriving economy.
The real estate market in Istanbul is very strong, with prices clearly rising due to the high demand for residential and commercial properties.
Istanbul is a beautiful city with rich culture and history. It is also a very cosmopolitan city, with a diverse population including Turks, Europeans, Asians and Africans making Istanbul an exciting place to live and work.
Investors who buy real estate in Istanbul can expect good returns on their investments, with its strong economy and growing population, Istanbul is an excellent place to invest in the real estate sector.
Documents required to buy real estate in Turkey:
The documents you need to buy a property in Turkey are:
- Your passport.
- A tax number obtained from a tax department.
- Turkish bank account.
- Proof of income.
- The real estate appraisal document that proves the real property price.
Tips when buying real estate in Turkey:
- The process is not as simple as you imagine and you will need a Turkish lawyer to help you with the purchase, and you will also need to be prepared to wait. It may be a rather long time until everything is finished.
- Real estate prices in Turkey are very negotiable, which means that you should not be afraid to bargain with the seller in order to get the best possible price.
- Make sure you are aware of all the fees associated with buying property in Turkey as they can include from transfer fees to agent fees, so make sure you have a clear understanding of all costs before committing.
- If you are looking for a vacation home, consider areas like Antalya or Bodrum that are popular with tourists and if you want to live in Turkey permanently, Istanbul is a great choice with many business opportunities.
- You will want to focus your search on areas that are growing and have the potential to increase in price and you should also consider the property's proximity to amenities such as schools, hospitals, shopping malls and public transportation.
- You will need to get a mortgage, unless you are paying cash for your property. Turkish banks are usually willing to lend up to 70% of the property purchase price and it is important to compare interest rates and terms before choosing a lender.
Disadvantages of buying real estate in Turkey:
There is no doubt that the step of buying real estate in Turkey is many and distinguished, but this does not mean that the matter is without flaws, as there are many negative aspects that you may encounter, and the following are the most important of them:
- The high real estate prices in Turkey are one of the main disadvantages for some and the cost of living is relatively high.
- Another drawback is the language barrier. Most people in Turkey do not speak English, which can make it difficult to communicate with the locals and navigate daily tasks.
- In addition, the legal process of buying real estate in Turkey can be complicated and time-consuming especially if you have little experience, so it is important to hire a reputable lawyer to help with the deal.
Advantages of real estate investment in Turkey through TamamLama Group Real Estate Company:
- We have intimate knowledge of the real estate market in Istanbul and can help you find the perfect property that suit your needs and budget.
- We offer a full range of services, from helping you find the right property to managing the purchase process and even providing post-purchase support.
- We have helped hundreds of clients find suitable properties to obtain Turkish citizenship and real estate residence in Turkey.
- We have a wide range of the finest villas for sale in Istanbul.
- We make the process of buying an apartment in Turkey easy and convenient, and we take care of all procedures
All those in charge of Tamam Lama Real Estate are always ready to offer you all the offers and options that suit you, you will get many advice, well-thought-out advice and recommendations, help in all steps, managing your real estate properties and investing them in a distinctive way that provides you with excellent profits and returns.
