To buy or not to buy real estate in Turkey
Investing in real estate by the sea is a win-win way to preserve and increase financial savings. Thanks to the good climate, developed tourism and relative economic stability, Turkey is ideal for residential investment. Examples can be seen on the site.
How to make money on the purchase of real estate:
- buy a house or apartment with the purpose of subsequent resale;
- To invest money in the project under construction;
- Buy an object for rent.
In the long term, the prices of houses located on the Turkish coasts are constantly rising and almost always compensate for inflation.
A few reasons to buy property on the coast of Turkey
1. Ease of procedure. Foreign citizens are given simple and clear conditions for the purchase of residential property. With the help of a realtor transaction will take only a few days.
2. Reasonable cost. To buy property in Turkey is possible even with a low budget. Proposals for apartments start from 30 thousand euros. However, when it comes to profitability, the lower threshold of the object must be at least 70-80 thousand euros. At this price, you can buy liquid housing with good characteristics. The cost of homes on the beachfront starts at 100 thousand euros.
Savings on vacations. You can come on holiday, staying in your own house, and the rest of the year to rent it.
4. High liquidity of investments. After the coronavirus epidemic in the world has gone down, the flow of tourists in Turkey is growing steadily. Today it is about 48 million people a year and this figure will only increase. The closer to the water and landscaped beaches is the object, the more the property owner can earn. Such houses are popular among buyers and tenants.
In 2021, the rise in home prices in Turkey was about 29.2%. Over the years, the increase in value will continue. To be sure of the reliability of the deal, seek help from a trusted real estate agency.