10 reasons to buy an apartment in Turkey
Over the past few years, the interest in real estate in Turkey among foreign investors has increased significantly. If you are still thinking whether it is worth investing in housing in this country, we suggest you read our article. In it we have collected ten reasons why you should buy an apartment in Turkey now.
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Picturesque nature and wonderful climate
Turkey is known for its picturesque nature and beautiful climate, which makes it attractive for living and vacationing. The country has more than 300 sunny days a year, which eliminates vitamin D deficiency, fall sadness and bad moods. The warm Mediterranean climate allows you to enjoy warm summers and mild winters, creating ideal conditions for year-round living.
Turkey has many natural wonders, such as Pamukkale with its thermal springs and snow-white ledges. Or the magical Lycian Trails, which provide unique routes for hiking enthusiasts. This country surprises with its flora and fauna, pleasing the eye with bright colors and exotic plants.
The nature of Turkey impresses with its diversity: magnificent mountains, rivers with picturesque waterfalls, coniferous forests, as well as groves of tangerines and olives. Long sandy and pebble beaches create ideal conditions for recreation. They offer many opportunities for outdoor activities: swimming, diving, surfing and much more.
Here you can always find new, amazing places to explore and enjoy nature.
Investment benefits
The investment benefits of buying an apartment in Turkey have recently become more and more attractive to foreign buyers.
- One of the key factors is the steady growth of the real estate market. This is supported by high demand from both locals and tourists.
- Real estateprices continue to rise, which means that your purchase will be profitable and liquid.
- Turkey offers affordable housing prices compared to other European countries, making it favorable for most investors.
- The cost of rental housing is also increasing all the time. If you do not plan to live in Turkey permanently, you can earn a lot on renting apartments.
Investments in apartments located in popular tourist areas can bring high rental income in season.
- Do not forget about the legal aspects. Turkey has a simplified process of buying real estate for foreigners. It offers various programs, such as obtaining citizenship and residence permit when buying real estate for a certain amount. (To obtain a residence permit, the cost of the apartment must exceed $ 200000, to obtain citizenship more than $ 400).
All these aspects make buying an apartment not only profitable, but also strategically important for long-term investment.
Variety of real estate
Turkey offers a wide range of diverse real estate. Here you can find apartments in modern high-rise complexes, cozy villas on the coast, as well as traditional houses in picturesque villages. The rapid development of the real estate market in such popular regions as Antalya, Bodrum and Istanbul, has provided a variety of options for every taste.
Secondary real estate in Turkey
Buying secondary housing has several advantages:
- First, such objects are often located in already settled areas with developed infrastructure, which provides comfortable living.
- Secondly, the availability of ready-made housing allows you to avoid waiting for a long time for the completion of construction and immediately start using the property.
- Prices for secondary housing are usually more attractive than in new buildings, which makes them available to a wider range of buyers. The cost per square meter is usually determined by the location of the object and the level of infrastructure.
- Turkey is rich in historical monuments. The purchase of real estate in these areas provides an opportunity not only to invest, but also to become part of the cultural heritage.
Apartments on the secondary market in Turkey can be a great choice for those who do not want to wait and are looking for bargains.
New Buildings in Turkey
The rapid development of the construction industry and attractive purchase conditions make the real estate market interesting for investors and buyers. Modern new buildings offer a variety of real estate: from cozy studios and stylish apartments to luxury penthouses and villas on the coast.
- One of the main advantages of new buildings is the ability to choose housing for individual preferences. You can choose the number of floors, layout and additional services such as swimming pools, spas, gyms and security.
- During the construction phase, you can buy housing at a more favorable price, which allows you to invest in the future. Many developers offer flexible payment schemes, including installments. Usually the down payment is 30-40% of the cost, and the rest is divided into equal payments until the end of construction.
- Acquisition of a new building also provides a high degree of comfort, as the housing is equipped with modern technologies and meets the current standards of residential construction. Apartments in new buildings are often delivered with finishing, sometimes even with appliances. Actual locations of new buildings, as a rule, are located near the developed infrastructure, which makes them convenient for living.
New buildings in Turkey are attractive for real estate investment and for those who are looking for an ideal place to live.
Transportation accessibility
Transportation accessibility in Turkey plays an important role in the lives of locals and tourists. The country has a well-developed transportation network including air, rail, bus and sea transportation.
International airports provide connections to many countries, while domestic flights make it easy to travel between cities. Rail transportation is also actively developing, with modern high-speed trains providing convenient connections between major cities. Bus companies provide a wide range of routes, making travel affordable and comfortable.
In addition, cities have well organized public transport, including subways, streetcars and buses, which greatly simplifies movement within cities. If you wish, you can take a cab or rent a car. Roads in the country are in good condition, drivers are usually disciplined, which makes driving comfortable and pleasant.
Favorable conditions for business
The government actively supports business development by offering a number of investment incentives, tax breaks and grants for new companies. This support is especially relevant for startups and small businesses that are looking to enter the market. For example, registering an LLC in the country will require about $1,500, which is a fairly affordable amount for aspiring entrepreneurs.
Individual entrepreneurs have even more advantages, as they can register and conduct their business without having to have a physical office. The legal address can be the place of registration of the business owner, which allows them to use their rented or purchased apartment. This significantly reduces the start-up costs for those who are just beginning their journey in business.
An important part of the business environment in Turkey are free zones, in which virtually all taxes and customs duties are canceled. This makes them especially attractive for investors who want to minimize their expenses. It is possible to do business here even without Turkish citizenship, which opens doors for foreign investors.
The country's well-developed infrastructure, including ports, airports and transportation highways, also contributes to the ease of doing business. These transportation hubs ensure fast and efficient logistics, which is critical to the success of many types of businesses.
The presence of a large domestic consumer market and a growing middle income class creates a steady demand for a variety of goods and services. As a result, business in Turkey looks very promising, attracting both local and foreign investors and entrepreneurs.
Easy adaptation
Moving to another country is always stressful, but moving to Turkey can be easy and pleasant due to many factors.
First, it's worth noting the friendliness of the locals. You can always count on support, even if it is not always free, you will never be left in trouble. In Muslims this is considered unacceptable.
A significant number of people speak English, especially in tourist areas and large cities, which makes communication much easier. If you master the language at least at a rudimentary level, you will quickly become a welcome customer or guest who is always welcome.
Adaptation in children usually passes quickly, because in the country they are shown great love and generously treated. There are all conditions for their development, including many sports sections, playgrounds and circles. Foreign children with residence permits are easily accepted in municipal schools. There are also private educational institutions, where education is conducted in English, Russian, Ukrainian and other languages.
In such cities as Antalya, Alanya, Istanbul and Mersin, many Russians live. Communicating with compatriots will help you adapt comfortably and easily.
Many events and festivals are held in the country, which gives you the opportunity not only to learn the culture, but also to meet new people.
Thus, moving to Turkey can be the beginning of an exciting chapter in life, filled with new impressions and opportunities.
Affordable cost of living
In Turkey, the cost of many goods and services is lower than in the European Union. This becomes a significant advantage for locals and foreigners wishing to live or invest in the country.
For example, food products such as fresh fruits and vegetables, bread and meat can be purchased at more attractive prices. This not only allows for a more varied diet, but also makes it accessible to a wide range of people. This is especially important for families with children.
The service sector in Turkey is also characterized by affordability. Health care, rent and utilities are much cheaper. For example, repair services such as plumbers, electricians and other specialists are often offered at more affordable rates.
Such conditions make it much easier to keep the property in good condition and contribute to an overall sense of convenience. This creates a comfortable living environment, saves on everyday expenses and makes life in the country more comfortable.
The tax system in Turkey also has its advantages. Property tax here is more favorable compared to a number of EU countries.
In addition, property maintenance costs including cleaning, minor repairs and maintenance are at an affordable level. This makes living in Turkey not only comfortable, but also economically viable. Which is especially appealing to those looking for a good balance between quality of life and prices for services and goods.
Loyalty to religious beliefs
Turkey is a secular state, which is famous for its historical and cultural diversity, as well as tolerance of different religious trends and cultures. Approximately 80% of the population identifies itself as Muslims, but strict observance of religious precepts is characteristic of only a small part of the population - about 20%.
Today's young generation is increasingly accepting Western values and choosing a European lifestyle. This manifests itself both in the way they dress and in their approach to social interactions. Religion lessons are provided in schools in Turkey, but they are not compulsory, indicating a desire for a more secular education.
But it is worth noting that many informal aspects of Islam and cultural practices continue to have a significant impact on the daily lives of local residents. Family traditions, holidays and customs related to religious aspects remain important to many Turks.
Life in Turkey is an interesting symbiosis of tradition and modernity, with respect for cultural and religious diversity at the forefront. The locals are proud of their heritage and do their best to preserve it while opening themselves up to new ideas and ways of life.
Cultural and historical heritage
Turkey has a rich cultural and historical heritage that has been shaped over thousands of years. Located at the crossroads of Europe and Asia, the country has been home to many civilizations including the Hittites, Greeks, Romans, Byzantines and Ottomans. Each of these societies left their mark in architecture, art, language and tradition.
One of the most striking examples of Turkey's cultural heritage are its architectural monuments. Famous mosques such as the Hagia Sophia Cathedral in Istanbul and the Blue Mosque are impressive in their splendor and scale. Equally famous are historical sites such as Ephesus, Pamukkale and Cappadocia, which attract tourists with their unique nature and architecture.
Turkish cuisine is also an important part of the country's cultural heritage. The rich flavors and variety of dishes reflect the multifaceted influences of different cultures. Classic dishes such as kebabs, meze and baklava are popular among locals and tourists alike.
This country preserves its traditions and customs that are an integral part of everyday life. Festivals, folk dances and handicrafts such as ceramics and textiles showcase the richness of the country's culture and art.
Buying an apartment in Turkey represents an opportunity to enjoy life in a picturesque setting. It is also the prospect of a stable income and capital appreciation. You not only create a cozy home for yourself, but also open the way to a new lifestyle.
Frequently Asked Questions (FAQ)
What are the best regions in Turkey to buy an apartment in?
Popular regions to buy in include Antalya, Istanbul, Bodrum and Fethiye as they offer scenic views and developed infrastructure.
How does the cost of real estate in Turkey compare to other countries?
The cost of real estate in Turkey is often lower than in Europe and America, making it more affordable to live in.
What is the process of buying real estate for foreigners in Turkey?
The process is usually simple: you need to select a property, do due diligence, sign a contract and register the property.
What are the advantages of living in Turkey?
Living in Turkey offers a unique blend of European and Asian cultures. There is also a well-developed infrastructure, a wide range of entertainment and great local cuisine.
Are there tax benefits for property owners in Turkey?
There are tax breaks and low property rates for foreign owners, which makes buying real estate even more attractive.
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