What is the Turkish Real Estate Market Like?
What is the Turkish Real Estate Market like?
The Turkish real estate market is distinguished by its dynamic growth and broad investment opportunities.
Many foreigners, notably Europeans, view real estate as the most lucrative investment due to the surge in real estate values and Turkey’s expanding role in the global economy. As a result, many choose to invest in real estate rather than gold, equities, or bank accounts for their money. Here at Turkish Connextions we can help you with all your property needs either buying property in Turkey or selling.
Is it a good idea for foreigners to buy a property in Turkey?
Purchasing Turkish real estate is a good investment for locals and foreigners. Purchase the work-in-progress (off plan), and then rent it out or charge more to sell it once it has been completed. Passive income represents the second choice. Both the price of housing and rent is increasing in Turkey. You can make a good living, receive consistent income, and most significantly, passive income, by renting out your house.
The Antalya coast, Bodrum, and Fethiye are the most well-liked. There, Europeans purchase homes to live in and rent out as “summer property” either apartments or villas. It should be remembered that people from post-Soviet nations were most likely to purchase real estate in Turkey on the Mediterranean coast. Now, more and more Europeans are following them.
What are the benefits of living in Turkey?
Living in Turkey is convenient and comfortable thanks to the country’s lovely temperature, mountains, sea, and ecology as well as its high standards of healthcare and education. Please read this link on ex-pat life for more information.
Europeans are drawn to the Turkish real estate market for a number of reasons, including the country’s stable economic growth, favourable investment conditions, high level of development in international tourism, a wide selection of properties for every taste and price range, reasonably priced prices for properties, and high levels of profitability.
As a result, purchasing a Turkish property today is both a wise investment with a high rate of return and a wonderful place to live and unwind.
Please contact us at Turkish Connextions for more information.