Buying property has been one of the most common forms of foreign investment in Turkish real estate for decades. But it is on the rise in recent years. Whatever type of investor you consider yourself, buying real estate in Turkey is a win-win situation in many ways.

Reasons for buying property in Turkey

There are three types of foreign real estate owners in Turkey, or who want to buy a property in Turkey.

Perhaps the most popular is buy luxury real estate turkey as a holiday home; those who found a destination in Turkey and therefore chose to buy a property with the intention of being able to visit it without the accommodation costs.

The second reason is ownership by an expatriate or a retired person, who chooses to lead a more simple, cost-effective life in a country that offers warm weather, good healthcare.

And finally, investment buyers, business owners, and developers are often caught in the market. Those buy real estate to renovate, rent or provide as a holiday home or as a business.

In principle, real estate in Turkey is considered one of the cheapest in general among real estate in the region and the European Union countries, or the Gulf countries. And a person who intends to own property can get a lot of benefits for his money.

If you choose to retire in Turkey, and you acquire Turkish residency or citizenship, you benefit from the absence of an inheritance tax, and the cost of living will be much cheaper than it is in most of the desirable countries in the world.

It is the most desirable way to live in the country for investors, as the Turkish economy is highly dependent on tourism, so there is always money that you can collect from buying a property. If you are planning to buy a property in Turkey to use for yourself as a vacation home, you have the benefits that come with owning a second home, like more vacations!

Whatever the reason for your interest in buying a property abroad, there are many benefits to choosing Turkey as your second home. Below are some of the advantages of buying a property in Turkey.

Benefits of buying property in Turkey

Value for money

Any property owner in the European Union knows that buying a home is expensive. In Turkey, otherwise, you really get value for money.

It is not just that buying a property is generally cheaper, especially compared to European destinations. That is, you can get a beautiful luxury apartment or villa without the need for a high budget. A lot of the properties you can buy are modern and well-decorated properties.

Beautiful weather

Imagine you live in a place where you never have to worry about getting your car out of snow, or where you complain about high temperatures for months every year.

Of course there is no perfect weather in any country. Rainfall in Turkey is the same as in most other places, and it can be heavy rain, but moderate temperatures can be found throughout the year, and winter rarely falls below five degrees Celsius.

The cost of living

Regardless of which part of Turkey you are in, you will find that many of the things you pay for in Turkey are much cheaper than they are elsewhere. Electricity and gas, council taxes, renovations, maintenance, food and drink, daily groceries, transportation, and even gasoline.

They cost a fraction of what they are in the European Union, which means that the daily cost of living is much cheaper. Therefore, not only will your property be less expensive, it will also be more affordable to operate, giving you more available money to enjoy the great benefits that Turkey brings.

Property for all budgets

Whether you have an expensive taste, or a tight budget, you’ll find a variety of options to suit all lifestyles. Property options in Turkey range from modest one-bedroom apartments to luxurious 5 or even 8-bedroom villas with private pools and stunning lands. The decor can be simple, save money, or it can be extravagant and of the highest quality.