Turkey is a country with a long history and gorgeous nature that can become an appealing real estate market for investments. It is strategically located between Europe and Asia, it is suitable for both residential and investment purposes. For Americans who would like to diversify their investments or find another home, Turkey’s real estate market is an option to watch.
Why Buy Real Estate in Turkey?
Growing Economy and Stable Market
The Turkish economy has shown remarkable growth over the past decade, which makes the country stable for investing. The value of properties has been rising constantly thanks to official policies on infrastructure development, tourism and urbanization.
Diverse Property Options
If you are considering buying property at a coastline villa in Bodrum, a contemporary flat in Istanbul, or a conventional house in Antalya, then there are many properties that can meet your budget and taste needs in Turkey.
Attractive Prices and High Returns
Compared with other European Countries, real estate prices remain reasonable in Turkey. The situation here, together with huge rental yields and capital appreciation potential, makes it very attractive as an option leading to high returns on real estate Turkey.
What’s in it for American investors?
Residency and Citizenship Programs
Foreign investors have the opportunity to benefit from the attractive residency and citizenship programs that Turkey offers. Investors who purchase real estate worth at least $250,000 can apply for Turkish citizenship. Particularly, most Americans like this program to gain a second passport, enjoying the strategic location of the country.
The Role Played by Real Estate Companies
When considering investing in Turkish real estate, partnering with reliable providers, such as a trusted real estate company, is vital. These may range from property selection and purchase to development and management.
Personal Experience of a Buyer
“Recently, I put my money into a property in Istanbul, and it was a smooth process because I had a local real estate company as support. From the time I started looking into this to the time of purchase, their team provided invaluable insights into the market and took care of any legal requirements that needed attention. This investment appealed to me more than anything else due to its vibrant city life and potential for high returns on investment. The warmth of Turkish hospitality combined with the mix of traditional and modern lifestyles has really enhanced my stay here. What is more, local culture, historical richness and possibility of obtaining Turkish citizenship through my investment were decisive in making my choice. The decision to accompany myself to a dependable real estate firm helped make sure that my investment path was trouble-free.
It was important that I employed someone from around the world who deals in property sales. They not only bridged the communication gap between us, but also provided me with extensive knowledge about local market trends and laws. Their understanding of various neighborhoods made it possible for me to find areas that best suited my goals as an investor, where they could take me further faster than others could have done. Their organization during property visits efficiently led to favorable terms, which they successfully negotiated for me at any given time possible. By using an agent conversant with local rules governing such matters, everything was duly completed without errors or delays, saving me money as well as avoiding future troubles.
Again, the real estate agent also gave a helping hand in dealing with property management and renting. With this kind of help, the whole process was very easy, and it enabled me to do other things as I enjoyed my new venture. To anyone who would want to invest in Turkish real estate, I strongly suggest that you find an experienced local real estate broker.”
