If you are looking for reasons to invest in Turkey, we suggest accompanying you to talk about the many opportunities that Turkey offers to different buyers.
Indeed, in the past decade, the real estate industry in Turkey has grown dramatically and foreigners have played a significant role in its growth. But why does the Turkish real estate market attract foreign investors and provide them with incentives?
Do you know that buying a property in London is almost eight times more expensive than Istanbul? You can even get away from Istanbul and take a look at other Turkish cities to get more affordable prices. The beginning of the balanced property prices in the country is a great potential for long-term investment and profitability. Even individuals who seek real estate in Turkey with guaranteed rental income can also find profitable opportunities.
The major changes in the Turkish market have grown dramatically over the past ten years. Design and build studios, Apartments and villas have risen incredibly. You can invest in Turkey and buy new houses or an old one or even you can pre-order. From coastal locations to urban areas to remote areas, you’ll definitely find what you’re looking for.
Ten years ago, buying property in Turkey was a complicated process, because the wait time for a document was very long and exhausting. But the good news is that the Turkish government has simplified this process so you can be done more easily than ever. The process of choosing a home until the signing of the document takes just one week.
If you want to buy a new home or forward-sale, you can use the payment terms of the installment between 6 and 60 months. This means that in some cases, you can pay the price within five years, but first you can move home and then sign the property document. Also For immediate buyers which enough funds, this is a big incentive because interest paid is zero percent.
The cost of living in Turkey is half of the United States and Britain, which explains why many foreign buyers decide to live in Turkey throughout the year. The economic boom in Turkey has caused this happen. Shopping has also grown, and the quality of the buying industry has increased. One of the most seductive issues is that the annual cost of using real estate is very cheap, especially on taxes, water, electricity, satellite, and the Internet.
It does not matter how you enter Turkey. Aerial, maritime or overland. Because Turkey has a vast transportation network that easily access your country. Throughout Turkey, there has been a huge investment in airports, and Turkish airline companies have frequent flight plans throughout the year. During the summer, there are regular ferry services to the Greek islands, and Turkey has invested in highways modernization and upgrades to make driving faster and more reliable than ever.
One of the reasons that has been mentioned less, but still significant for buying property in Turkey, is the huge amount of entertainment and things to do. In all the big cities, residents can attend in cultural and artistic centers, while coastal resorts in the Aegean and Mediterranean seas enjoy the benefits of coastal life, so much of the daily living outside of the home occurs.
There are ski centers all over the country, and some places like Belek in Antalya have been dubbed a hot destination for golf. Finally, although it’s stereotyped, But we have to talk about the extraordinary weather in Turkey. Even the thought of eating your favorite food alongside your loved ones is pleasant in this beautiful weather.
In 2013, the Turkish government decided to grant a one-year stay to other countries to invest in the country. Of course, this time later increased to two years in 2017. Currently, those who buy house in Turkey can receive temporary residence for one year.
Can you get permanent residence by buying a home in Turkey?
In response to this question, it should be said that, the Turkish government give a temporary residence to people who buy property. Of course it can be extended. Individuals who buy homes in Turkey can receive temporary residence for one year. If they continue to own a house after one year and the document is in their name, they can extend their stay for another year. Those seeking permanent residency in Turkey must have a minimum of 5 to 8 years’ temporary residence; they may apply for permanent residence with insurance and other conditions of residence in Turkey.
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