Property in Turkey – Real Estate in Turkey
If you are looking to buy property in Turkey, we are your first choice of real estate agent in Istanbul. We provide our customers with the best properties and opportunities, at the best possible price. Our company will work with you to determine your needs, find your perfect property, and negotiate the best price.
The real estate market in Turkey in general is experiencing exceptional growth. Estate Nation has worked with many investors, sellers, and buyers from countless countries around the world on all types of properties. Our professional staff has in-depth knowledge of and experience with the current market. We know which markets offer the best return on your money and which areas to avoid.
If you are unsure about whether you want to buy a property in Turkey, let one of our consultants show you what’s available. Maybe price has been an issue? Our staff can work within your budget and determine what properties are suitable.
There has never been a better time to make a property investment in Turkey. Whether buying or selling, our staff of trained professionals is ready to work with you to get the best possible deal.
What are the Benefits of Buying a Real Estate in Turkey?
Whether you’re interested in its culture, history, or stunning natural beauty, there is so much to love about life in Turkey. As such, it should come as no surprise to learn that huge numbers of real estate investors are purchasing property all across the country.
Of course, there are a number of excellent financial and personal benefits to buying a real estate in Turkey, such as:
Easy Rental Income
When purchasing a home in Turkey, property developers can be very helpful. First, they will usually work with you to develop a monthly payment plan to purchase the home – meaning you don’t have to deal with going to a bank. Second, once you’ve purchased your home, the developer will often be able to assist you with furnishing and renting it. Before long, your new home in Turkey will be providing you with a steady rental income.
If you’re interested in becoming a Turkish citizen, purchasing property in Turkey can be a great way to do just that. Though you should always consult with a lawyer before making any purchasing decisions, buying a home in Turkey can put you on the fast track towards receiving your Turkish passport.
Of particular interest to real estate investors is the new Turkish law that stipulates that foreign citizens who own Turkish real estate with a value of at least $250,000 are eligible for Turkish citizenship. Put simply, it has never been easier to obtain Turkish citizenship through purchasing real estate than it is today.
How Expensive is it to Purchase a Real Estate?
Whether you’re a single adult or married with children, Turkey offers a high standard of living and a vibrant way of life. From its stunning architecture to its magnificent natural beauty, there’s a lot to love about life in Turkey.
Of course, when people hear about the high quality of life in Turkey, it is not uncommon for them to assume that it must be quite expensive to purchase a real estate in Istanbul. However, this isn’t necessarily the case.
Just like any developed nation, Turkey is home to many stunning mansions and villas. While these houses are quite expensive, they’re still much more affordable than a comparable home in the United States or the European Union.
If a nice single-family home is more your style, you’ll be pleasantly surprised at the prices that you’ll find in Turkey. A regular 2- or 3-bedroom home in a nice neighborhood in Turkey is likely to be significantly cheaper than it would be in another country.
Not only are property in Turkey more affordable than they are elsewhere, but they’re also extremely easy to buy. In most cases, the property developer will work with you to develop a monthly payment plan to buy the property – meaning you never even need to step foot inside a bank.
If you want to purchase affordable real estate in Istanbul Turkey, reach out to us today. Our helpful team of experts will be able to show you the latest property listings, answer your questions, and walk you through the home buying process.
Why should I purchase real estate in Turkey?
As beautiful as it is historic, Turkey has long been popular with tourists and real estate investors alike. Of course, we understand that home buyers have many questions before deciding to invest. In particular, we are frequently asked the following questions:
Are there any restrictions on foreigners purchasing apartments in Turkey?
Most foreign citizens can purchase property just about anywhere in Turkey. The only areas that are off-limits to foreign citizens are some farmlands and special military zones. Generally speaking, Turkey is an easy place for foreigners to purchase real estate.
What financing options are available when purchasing real estate in Turkey?
Financing a real estate purchase in Turkey is very straightforward. The vast majority of property developers will be able to offer you a simple monthly payment plan to finance your purchase. This is particularly the case for projects still under construction.
Will the homes be furnished or unfurnished?
Most homes sold in Turkey are unfurnished, allowing you to customize them to suit your own tastes. If you would prefer to buy a furnished home, some developers may be willing to furnish the home for you as part of the deal.
Can the homes be rented out after they’ve been purchased?
Yes. It’s common for real estate investors in Turkey to rent out their homes almost immediately after purchasing them. In some cases, your home developer may be able to assist you with this, allowing you to see quick returns on your investment.
If you have any questions about buying real estate in Turkey that we haven’t covered here, or you would like us to clarify any of this information, contact us today. Our friendly staff is ready to help you purchase your new home in Turkey.
Is buying Turkish property a good investment?
The average property investor will quickly agree that the world real estate market is very volatile. The unpredictability attached to the world real estate market makes investors wary of investing large sums of money in properties that might not return a profit. However, smart property investors are taking a second look at real estate in Turkey. In fact, statistics show that the number of foreign investors has grown rapidly. This rapid growth began in the latter part of 2017 and has continued into the current year.
The Turkish Government
The Turkish government is heavily investing in infrastructures and working diligently to attract foreign investors through attractive infrastructure projects and improvements in technology. The Turkish government’s ultimate goal is to promote and make Turkish real estate one of the best investments in the world. Many insiders in the world real estate market state that now is a great time to get in on the ground floor and invest in this growing market.
Market Advantages in Turkish Real Estate
We believe that there are many advantages associated with investing in the Turkish real estate market. For example, there is a high supply of properties available in this market. This supply currently exceeds demand, making prices very competitive. Sellers are looking for buyers and are willing to sell their properties at very reasonable prices. Even residential properties in popular areas are selling at very reasonable rates to foreign investors. There are also many new construction projects that provide real estate in Istanbul. This is good news for investors. We truly believe that now is the right time to buy real estates in Turkey.
Highlights of Istanbul’s Geographic Importance, and a Brief History of the City
As the largest city in Turkey, Istanbul serves an important role in the economic and cultural landscape of the region. Istanbul carries the distinction of being the only metropolitan area that spans two continents, spanning both Europe and Asia. The ancient city is located on the Bosporus Strait between the Sea of Marmara and the Black Sea, opening up a host of transportation and commerce options for the area.
Istanbul boasts a rick history that stretches back centuries. Due to its unique location, the city has been a part of various empires throughout time. This territorial back and forth has given the city many names throughout history.
When first colonized by the Grecians, the area was named Byzantium in honor of Greek King Byzas. After Byzantium was absorbed by the emerging Roman Empire, the city was renamed Constantinople by the Roman Emperor Constantine the Great. Constantinople became such a world power that it was eventually awarded the designation of capital of the Roman Empire.
Following centuries of prosperity, Constantinople once again changed hands when it was conquered by the Catholic Latin Empire and eventually the Ottoman Empire. As capital of the Ottoman Empire, the city once again changed names, taking on the name Islambul. During the 1500s and under the Ottoman rule, the city prospered and became a global leader in innovation and cultural contributions. This rule lasted until World War I when the allied forces defeated the long-standing Ottoman empire and took occupation of the important city.
The Turkish War of Independence commenced after World War I, and in 1932 the Republic of Turkey became a free and independent nation. However, in the early days of Turkey’s free status, the capital was located in the more centrally located city of Ankara. Although Ankara remains the capital city and center of government operations, Istanbul is still Turkey’s largest city and the heart and soul of the country’s economic, cultural, and historical landscape. A variety of infrastructure improvements over the last few decades and an emphasis on the emerging arts scene have made Istanbul a popular place to live and visit.
Let our staff help you make your real estate dreams a reality! Contact us today and let’s get started.