3 myths about investing in real estate in Turkey

Investing in Turkish real estate is becoming increasingly popular among foreign buyers, especially due to the relatively affordable prices and citizenship opportunities. However, there are many myths that can be confusing. Let's dispel three major misconceptions.

Myth 1: It is difficult for foreigners to resell real estate in Turkey

This is far from true. Foreign buyers have the same rights as Turkish citizens, including the ability to freely sell real estate. It is only important to observe the formalities and know that the sale of a property purchased less than 5 years ago may require payment of a 30% tax on the profit. Nevertheless, buying in the early stages of construction can provide a significant benefit in a subsequent sale.

Myth 2: Investing in new construction is always more profitable

Buying housing at the construction stage is often seen as a more profitable investment, because the initial price is lower, and the expectation of growth in value attracts investors. But this strategy is not always justified. Developers can delay delivery and, in the worst cases, freeze projects due to economic difficulties. At Pemlak, we carefully select only reliable developers, checking their reputation and guarantees of completion to ensure your investment is as safe as possible.

Myth 3: You can get by without help and save money

Many people believe that buying without intermediaries saves money. However, unfamiliarity with local laws and language can lead to mistakes that cost significantly more. It is important to work with professionals to avoid fraud and other risks.

If you want to make profitable investments in Turkey and avoid common mistakes, contact us! We at Pemlak have made the selection process even easier by preparing a selection of real estate in the most promising areas of Turkey! To get it, write on this link password "Catalog", we will be happy to answer all your questions and help you with your choice!