With its mild climate, stunning nature, unique culture, and history, Turkey is a destination that foreign visitors often wish to visit multiple times, almost like a “second home.” Moreover, for businesspeople, professionals, students, and retirees who want this passionate relationship to go beyond sentiment, Turkey offers the opportunity for citizenship through real estate investments.
Why Should You Buy Property in Turkey?
Turkey is not only one of the countries offering the best opportunities for second citizenship, but it also boasts a highly attractive real estate market that can provide significant investment returns. Here are the advantages of buying real estate in Turkey:
Affordable Properties Compared to Other Countries
Because Turkey’s real estate market entered the international platform later, home prices are extremely attractive compared to other countries. In addition to ultra-luxury properties, especially small coastal towns offer well-equipped apartments at reasonable prices.
Ideal for Long-term Investment
For those looking to make long-term investments, Turkey’s real estate market is reliable due to the potential for these prices to offer profitable returns. A property with minimal annual maintenance can provide substantial returns for long-term investment.
Diverse Housing Options
One of the biggest reasons why buying property in Turkey is so attractive to foreigners is the variety of options available, from luxury homes with sea views to simple and economical apartments. Buyers don’t have to compromise on their dreams when purchasing any property in Turkey.
Low Cost of Living
Compared to any European country, living in Turkey is also quite affordable. The exchange rate difference means the average cost of living in Turkey is lower. Additionally, basic necessities like vegetables and fruits are relatively cheap because they are locally produced.
Easy Procedures
To attract more investment into the real estate market, the Turkish government has made the process quite easy.
Gaining Citizenship
One of the most significant advantages of buying property in Turkey is obtaining citizenship. As a result, many foreigners looking for a second home see Turkey as an ideal option. The investment-based Turkish citizenship program allows foreigners to acquire Turkish citizenship within 60 days by investing a minimum of $500,000.
