With its mild climate, magnificent nature, unique culture and history, Turkey is a destination that is always desired to be visited more than once, or even like a “second home” for foreign visitors.
Moreover, Turkey offers the opportunity of citizenship through real estate investments to businessmen, professionals, students and retirees who want to keep this passionate relationship and their feelings alive.
Why Should You Buy Real Estate in Turkey?
Turkey is not only one of the countries that offers the most favorable opportunities for second citizenship, but also has a very attractive real estate market that can offer a significant return on investment.
Here are the advantages of buying real estate in Turkey:
Housing is cheap compared to other countries
Since the Turkish real estate market is late to enter the international platform, house prices are extremely attractive compared to other countries. Besides ultra-luxury properties, especially small seaside towns offer well-equipped apartments at affordable prices.
Ideal for long-term investment
Those looking to make long-term investments can count on Turkey’s property market as these prices have the potential to offer a lucrative return on investment. A property whose minimum annual maintenance is not neglected can provide a great return on long-term investment.
Different housing options
One of the biggest reasons for buying a property in Turkey which is so attractive for foreigners is that there are many options, from luxury houses with sea views to simple and affordable apartments. Buyers do not 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 is more than the average cost of living in Turkey. In addition, basic needs such as vegetables and fruits are relatively cheap as they are locally produced.
Easy procedure
The Turkish government has simplified the process considerably to attract more investment in the real estate market.
Acquisition of citizenship
Another important advantage of buying property in Turkey is to qualify for citizenship. As a result, many foreigners looking for a second home, see Turkey as the ideal option. The Turkish citizenship by investment program allows foreigners to acquire Turkish citizenship within 60 days, with a minimum investment of $400,000.
