Not only is Turkey a popular choice for second citizenship, but also Turkey plays a big role on the international stage. Turkey combines the best of both worlds because of its location between the East and the West.
Table of Contents
Why invest in real estate in Turkey?
- Large return on investment ROI
Turkey's real estate market is quite appealing and can provide investors with large return on investment ROI. Istanbul is a good example. It's a desirable location for real estate investment, with penthouses in some of its most sought-after neighborhoods and new suburban land developments.
- Wide range of options
The wide range of options for luxury and affordable, newly constructed, and renovated apartments and villas in Turkey is one of the main factors driving foreigners' interest in purchasing real estate in Turkey. There are several options, ranging from lavish mansions with ocean views to straightforward, affordable and resale properties in Turkey. Simply, buyers in Turkey don't have to give up on their desire to purchase any property.
- Appropriate for Long-Term Investment
The real estate market in Turkey can be relied upon by those seeking long-term investments. Simply because Real estate prices in Turkey have the ability to provide profitable high return on investment ROI. Buyers of real estate in turkey have an advantage over those in many other contirues such as spain, where the cost of real estate has already risen. Well-maintained real estate in Turkey can generate a significant long-term return on investment with very minimum annual maintenance and upkeep.
Advantages of real estate investment in Turkey
- Obtaining Turkish citizenship
Turkey is a popular choice among foreigners looking to buy a second house. With the Turkish citizenship by investment option, expats can become citizens of Turkey in 60 days by investing a minimum of $400,000. Please see our page on Turkish Citizenship by Investment for more details. ( Officially.. Turkish citizenship by investment of $ 400.000 )
- A Simpler Purchasing Process
To encourage investment in the real estate sector, the government has taken the necessary steps to ensure that the procedure is made simpler. This is one of the factors that influence foreigners' decision to invest in real estate in Turkey.
- There Are Low Living Costs
Living in Turkey is considerably cheaper than in any other nation in Europe or North America. In addition, basic foods and needs are inexpensive.
You Can Read more: What are the advantages of real estate investment in Turkey
Is real estate investment in Turkey profitable?
The real estate industry in Turkey is quite enticing and offers investors a high rate of return.
Take for example, Mr. Tarek from Lebanon purchased an apartment in the Topkapi region last year with the help of Right Home representatives. The cost of the 2+1 luxurious apartment was $230,000 at the time. After one and a half years, the price of his flat would be $550,000 if he were to sell it.
How to buy a property in Turkey?
The government has made the required adjustments to the procedure in order to facilitate investment in the real estate market. This is just one of the factors that attracts foreigners to Turkey as a destination for real estate investment.
Here is a step by step guide for you to purchase your property:
- First Step: Let RIGH HOME AGENTS help you create your dream list by determining.
- What are you trying to buy, exactly?
- How much can you spend?
- What attributes ought your property to have?
- Second Step: Visit our office and let our agents take you for a viewing tour. Take a closer look at your Selected Properties.
- Third Step: Sit to understand the terms of Negotiation with our supportive teams to determine terms of sales and payments.
- Fourth Step: To reserve the property and set the price, you must pay a deposit.
- Fifth Step: Sign the Agreement. Make sure to purchase The exact property that you are shown From the original seller, debt-free, and according to the parameters agreed upon.
- Sixth Step: Obtain a Tax ID
- Seventh Step: Establish a Bank Account
The required paperwork is a passport copy in color, a passport translation, and a translated copy of an electricity or water bill showing your home's official address.
- Eighth Step: Get the appraisal report You must obtain an appraisal report to be certain of the real value of the property.
- FINAL Ninth Step: Application to the Land Registry Office; Obtaining Your Title Deed; paying taxes Publish the Conveyancing Act.
When it comes to assisting clients with finding the greatest properties in Turkiye, Right Home is regarded as one of the leading companies, effectively bringing together buyers and sellers.
Right Home analyzes the Turkish real estate market from the viewpoint of experts and investors to give its clients with real estate consulting of the highest caliber.
Read more about:
Top 5 investment projects in 2022
