The best sites to buy real estate in Turkey

2024-02-11
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Whether you are looking for a property by the sea or in a vibrant metropolitan city, Turkey offers endless options and if you are interested in taking advantage of the exciting economic opportunities in the Turkish real estate market, let's begin exploring together the best locations to purchase property in this wonderful country.

 

Learn about the best locations to buy real estate in Turkey

Below let's get to know the best locations to buy real estate in Turkey:

Istanbul:

Istanbul, the wondrous and distinctive city in Turkey, tops the list of prestigious investment destinations with a diverse and high investment value, as it ranks first in terms of investment attractiveness in all sectors, especially in the real estate sector and official real estate reports in Turkey indicate that real estate prices in Istanbul have risen.

Experts attribute this significant increase in real estate prices in Istanbul to multiple factors, including the rise in prices of imported raw materials as a result of the decline in the value of the Turkish lira and in addition, demand for real estate has increased among local residents and foreign investors, following the reduction of bank interest rates by the Central Bank of Turkey.

 

Statistics over the past five years show an actual increase in real estate prices and rents in the real estate market in Istanbul and accordingly, it can be said with confidence that Istanbul is one of the best cities to invest in the Turkish real estate market, thanks to its strong attractiveness and good return potential.

Ankara:

The city of Ankara is considered one of the cities with high investment value in Turkey, and this value is attributed to its vital political location as the administrative and political capital of the country and consequently, the city is witnessing a sustainable and increasing demand for real estate by Turkish citizens and foreign investors.

 

Antalya:

The city of Antalya and its charming beaches on the Mediterranean coast is considered one of the favorite destinations for Russians and Europeans and this tourist city tops the list of the most active Turkish states in the Turkish real estate market, as both Turks and foreigners tend to buy and invest in real estate there and thanks to its wonderful tourism reputation, the presence of its luxurious resorts and upscale hotels, and the huge amount of tourists who visit it annually, Antalya is a city with many real estate investment opportunities.

 

Bursa:

Bursa is considered one of the leading cities in Turkey in terms of real estate investment value and it combines significant tourism and industrial components, making the demand for real estate there always sustainable, as Bursa is characterized by high rental returns compared to most other Turkish states and the city is part of the states that holds excellent real estate investment value.

 

Advantages of owning real estate in Turkey 

  1. Turkey is located at the intersection of the European and Asian continents, making it a strategic location for investment.
  2. Turkey enjoys political and economic stability, which enhances confidence in the real estate market.
  3. Turkey offers a variety of properties including residential apartments, villas, hotel apartments, farmland, and more.
  4. Turkey offers affordable properties compared to many other real estate markets in Europe.
  5. Turkey offers programs to obtain Turkish citizenship or real estate residency in Turkey through real estate investment in the real estate sector in Turkey.
  6. Properties in Turkey often feature modern designs and high-quality facilities.
  7. Real estate in Turkey includes modern technology such as smart security and remote control.
  8. Turkey provides opportunities to obtain good rental income from real estate.
  9. Turkey offers a unique lifestyle that combines traditional culture and urban life.
  10. Turkey has many beautiful beaches and amazing natural areas.
  11. Foreigners can easily obtain licenses to own real estate in Turkey .
  12. It imposes facilitating real estate laws that make the process of purchasing real estate easier.
  13. Turkey is investing in modern infrastructure, including airports, roads and ports.
  14. Turkey includes wonderful heritage and cultural sites such as Hagia Sophia and the Ottoman Palace.
  15. Turkey  has a moderate climate that attracts tourists throughout the year.
  16. Real estate in Turkey offers excellent investment opportunities with value increasing over time.
  17. The real estate market in Turkey is active and diverse, which makes it easy to find suitable opportunities.
  18. Turkey provides affordable real estate insurance to protect your investment.
  19. It includes many prestigious international schools for your children.
  20. Turkey offers job opportunities for foreigners in various sectors 21. The Turkish government provides facilities to foreign investors.
  21. Turkey provides high-quality health services to residents and visitors.
  22. Laws in Turkey protect the rights of foreign investors.
  23. It provides advanced means of transportation that make transportation easy.
  24. It includes modern shopping centers and traditional markets.
  25. It includes high-quality universities with diverse study programs.

 

Tips before owning real estate in Turkey

  1. Do good research on the real estate market in Turkey and understand the trends and prices in the areas that interest you.
  2. Carefully choose the area that best suits your needs and goals and are you looking for an apartment in the city or a villa on the beach?
  3. Make sure you understand the regulations and laws related to purchasing real estate in Turkey and obtain the necessary licenses.
  4. Consulting a local real estate law attorney may be necessary to protect your rights.
  5. Deal with reliable and well-known real estate agents and companies in the market.
  6. Technical inspection: Request a technical inspection of the property to verify its condition and construction quality.
  7. Determine your budget carefully and do not exceed it and don't forget to take into account maintenance costs and legal fees.
  8. Feel free to try to negotiate the price with the seller.
  9. Make sure you have a formal contract that precisely outlines the terms of the deal and read it carefully before signing.
  10. Pay attention to currency exchange rate changes if you pay in a currency other than Turkish.
  11. If you plan to invest in real estate, consult real estate investment advisors for additional advice.
  12. Regularly follow developments in the real estate market in Turkey and talk to real estate specialists.
  13. Check the area surrounding the property and check the availability of the services and facilities you need.
  14. Look for properties that come with construction and quality guarantees.
  15. If you intend to live in the property, make sure that all necessary services and facilities are available.

In conclusion, it can be said that Turkey is considered one of the best destinations to buy real estate in and it is characterized by a variety of real estate options and a diversity of residential and commercial areas and whether you are looking for an apartment to live in or a profitable investment opportunity, Turkey offers many opportunities.

 

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