Owning a second home abroad is no longer a far-fetched idea. Given the opportunities in today’s world, people invest in growing economies and make the best of their investment. Turkey is one of these growing economies where, over the past few years, the real estate market has skyrocketed.
Purchasing real estate in Turkey offers a whole lot of benefits. You can purchase a property and rent it, use it as a holiday house or just keep it as your investment. Here are some more reasons why investing in real estate in Turkey is a good idea.
A Profitable Investment
Investing in tourist destinations is a good idea and real estate is one of the safest investment options. Turkey is an emerging economy with lively cities. Owning a real estate in one of these cities like Istanbul, Izmir, Ankara, Antalya, etc. will be a beneficial investment. Purchasing real estate in one of these thriving cities will double your investment in almost 3 to 4 years.
Real Estate in Turkey is Inexpensive
Did you know buying a property in London is eight times more expensive as compared to purchasing real estate in Turkey? Real estate prices are extremely cheap in Turkey when compared to the EU. You can purchase 4 or 6 bedroom houses at affordable prices in the best neighborhoods in Turkey. If you move away from the main city, the prices drop further.
Utilize it as a Summer House
If you don’t like crowded cities and want to spend your summer in Turkey with your family, you can consider buying a summer house in one of the paradisaical cities such as Muğla, İzmir, Antalya or Alanya. These are touristic cities where you can find English speakers as well. This means no communication issues for you while enjoying your vacation! You can find a big and beautiful summer house in Marmaris (Muğla), Fethiye (Muğla) in between US$ 60,000 to 75,000.
Turkish Citizenship and Residence Permit
Owning a real estate in Turkey will ease your residence permit procedure. If you purchase a decently priced property in Turkey, you can obtain a residence permit. The minimum investment required for this purpose is around US$ 50,000. As long as you hold this property, you will be a permanent resident of the country. On the other hand, if you make an investment in the Turkish real estate sector worth US$ 250,000, you will be granted Turkish citizenship. Turkey’s passport is ranked 53rd in the world and has visa-free travel to 110 countries.
Apply for your Turkish Residency!
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