Why buy Real Estate in Turkey?

The Real Estate market in Turkey has been popular for many years, attracting both local and foreign investors. The country’s favorable location, reasonable prices, and diverse property options make it an attractive destination for those looking to invest in real estate. Citizenship in Turkey is quite easy to obtain via a real estate investment. Therefore a lot of people are considering to invest in Turkey.

One of the main draws of the Turkish real estate market is its affordable prices compared to other countries in Europe. Property prices in Turkey are generally lower than in neighboring countries, making it a budget-friendly option for those looking to purchase a second home or investment property.

Turkey also offers a wide range of property options, from cozy apartments in the city to luxurious villas on nearby the beach. The country has a diverse landscape, with something to offer for everyone – from the snowy peaks of the Eastern Black Sea region to the sunny Aegean coast. In recent years Real Estate in Çeşme and Real Estate in İzmir increased a lot among foreign property buyers. The comfortable lifestyle is a huge aspect of this trend.

The Turkish real estate market is also supported by a strong economy and growing tourism industry. In recent years, Turkey has seen an increase in tourism, which has led to an increase in demand for both residential and commercial properties. This trend is expected to continue in the coming years, making it a good time to invest in the Turkish real estate market.

If you are considering investing in real estate in Turkey, it is important to do your research and work with a reputable real estate agent or agency. Aegean Locations can help you navigate the market and find the property that best fits your needs and budget. Overall, Turkey’s real estate market offers a wide range of affordable and diverse property options, making it a great choice for those looking to invest in real estate.

Real Estate in Turkey at Aegean Locations

You can browse on our website in order to see the latest real estate offers in Turkey. Aegean Locations is providing an exclusive portfolio of vacation homes, villas, apartments and commercial property for sale in Turkey. We make it easy to find the most suitable property for you in Turkey.  Whether you are looking for an option to buy, sell or invest. We provide real estate listings from the best verified developers, and individual sellers along with useful information and total guidance on buying property in Turkey, and moving to this country.

Why buy a property for sale in Turkey?

There are multiple reasons to buy a property in Turkey. It can be that you are already familiar with Turkey and spend your holidays often in this beautiful country. Many property buyers and investors choose Turkey for its perfect climate. The relaxed lifestyle is a big reason for many people to buy property in Turkey as well. Some people fall in love with an area they visited often and decide to purchase a property there and visit their property in Turkey annually. There are also investors who decide to own a few rental properties since the return-on-investment percentages can be higher in comparison with rates in their native country. Some foreign property buyers choose a combination of a holiday property in Turkey and investment. This is an attractive option for a lot of people since a return on investment is created and the owner can spend time in their property in Turkey as well.

Real Estate for Sale in Turkey and statistics of the Market

The Turkish real estate market has developed strongly in recent years. 2018 was very successful: foreign investors were extremely active and acquired almost 40.000 properties, twice as many as in 2017. The following year, this positive trend continued. The growth in home sales has also been fueled by the government’s lowering of the home price limit (from $1,000,000 to $250,000) that allows foreigners to obtain citizenship. However recently the citizenship by investment scheme changed, and the minimum investment in order to obtain citizenship is $400.000. These new rules started on the 13^th of June in 2022. Homes in Turkey will continue to have huge interest of foreign property buyers because Turkey guarantees a favorable investment climate, wide prospects for economic development, high quality construction, reasonable real estate prices and lower taxes than in other popular European countries. An upwards trend is seen in the Real estate market in Turkey, numbers of more than 60.000 properties sold to foreigners in Turkey in 2022 are expected. In Our Blog we are often posting news about the Turkish real estate market.

Property for Sale in Turkey and Popular Regions for foreign investors

 Istanbul has a rich history of foreign property buyers as it is the most known and popular city of Turkey. Therefore, the highest property sales are in general recorded in Istanbul. However, lately a big shift from Istanbul to İzmir is seen, since İzmir is a bit more modern and comfortable City to live in. Therefore, a lot of property buyers are focusing on Apartments for sale in İzmir or Villas for Sale in İzmir. Foreign investors from Europe prefer to purchase holiday houses in Turkey and are focused on properties in Alanya, Bodrum, Çeşme, Fethiye. These property buyers are buying properties because of the amazing climate plus beautiful properties Turkey has to offer in these regions.

Foreign property buyers from Iran, Iraq and some other regions are purchasing properties in order to move to Turkey and live in Turkey the whole year around. Therefore, bigger cities with more facilities like Istanbul, Ankara or Izmir have their preference for homes in Turkey.

The Turkish real estate market offers an excellent selection of properties of all types: apartments or flats, penthouses, houses, villas, low budget housing opportunities, new construction projects in Turkey as well as exclusive first-class projects.

Budget for Property in Turkey

Turkey offers property in various price ranges suitable for different budgets and lifestyles. Whether you want to have an exciting life in a vibrant metropolis city or prefer a calm village life close to the beach. You can always contact us, and we will guide you in your journey to find the most suitable property in Turkey. In general sea-view properties are more expensive and sought after than other properties. Turkey offers some marvelous villas with private gardens and pools without sea-view as well. For some property buyers in Turkey, it can be a compromising strategy to select properties in areas a bit outside of prime locations.

Prices of Real Estate in Turkey 2022

Since the Mediterranean coast is a bit less popular as the Aegean Coast, more affordable real estate can be found here. The Aegean coast offers more luxurious and expensive housing options. The prices depend on the location and the properties of the property. Although prices are fluctuating heavily during these periods of high demand and inflation, we can provide a rough estimation of most expensive and more affordable regions of Turkey. Starting from expensive to more affordable:

1. Bodrum
2. Çeşme
3. Fethiye
4. Istanbul
5. Ankara
6. Izmir
7. Alanya

Most Turkish developers offer flexible installment options. This country also has a friendly property tax policy. On average, when you buy a property in Turkey, you have to spend about 8-10% of the property price on taxes and other fees. The annual property tax varies between 0.1% and 0.6% of the cadastral value. In general, taxes in Turkey and public services will cost you significantly less compared to other popular countries.

Luxury Real Estate and Properties in Turkey

Turkey is a huge country, with about 7.200 kilometers of beautiful coastline and Luxury Real Estate in different locations. These luxury properties in Turkey are located next to different seas like the Mediterranean, Black, and Aegean Sea. According to most people the Aegean Sea offers the most beautiful bays, Crystal clear turquoise water in combination with perfect sand beaches, we totally agree with this statement. The high society of Turkey are in general purchasing Villas for sale in Çeşme or Villas for sale in Urla.

Aegean Locations will assist you from A to Z in finding an Ideal Property for sale in Turkey

If you are looking for a house in Turkey, you will find everything you need on our website: the best offers from developers and individual sellers. Aegean Locations is the expert for foreign property buyers in İzmir and Çeşme. As one of the only international certified real estate agencies in Turkey, we certainly believe that being an expert comes with focusing on a certain area. There are plenty of real estate agencies, which are offering properties all over Turkey. However, most of these agencies do not have an up-to-date portfolio and physical offices in each location. This makes it logistically a challenging task to be an expert everywhere in Turkey.

Aegean Locations is providing A to Z assistance for the whole property purchase procedure. This means we apply for tax numbers, bank account assistance, property quality checks, back ground check titled deeds, official sales contracts, funds transfer assistance, appraisal assistance, title deed exchange, utility procedures etcetera. For more information About Us you can visit the mentioned link. You can also find more details on property purchase procedures in our BUYERS GUIDE.