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 When speaking of buying property in Turkey, there are some
aspects to be taken into consideration. Most investors are attracted by the fact that
property in Turkey means warm weather, relatively low real estate prices, reasonable
taxes, low utilities cost, and lenient law.
They say, ‘If you go to Turkey once, you will keep craving
for going there again and again'. This saying is found to be true once you
visit Turkey on a vacation and spend ample time knowing about the history, art
and culture of the place, while you experience the beauty of nature that has
been gifted to this place in abundance.
Where to Buy Property in Turkey
Turkey is surrounded by sea on all three sides, which means
that there are vast stretches of coasts in this state, with green and blue
waters washing the shores. Along these very coats run mountain ranges high and
low parallel to the sea, with excellent scenic beauty to experience.
Turkey is a country which is always buzzing with tourists,
who come in from all around the world to watch and admire the beauty of this
place. Many of the tourists even buy property in Turkey and settle in this
place permanently. Tourism is a major income sector for Turkey, the reason why
Turkey resorts, Turkey villas, Turkey hotels and Turkey homes are being built
rapidly in different areas of this state. In fact many foreign tourists also buy
property in Turkey and let it out to the native people on lease or rent, which
brings in a lot of income.
The resort towns like Antalya, Alaniya, Bodrum, Kemer, Belek
and Istanbul are full of apartment buildings, residential complexes, and villas
for sale. Of course, there are other regions, but one should take into account the
contrast between the developing infrastructure of the coastal areas and those
that are remote from the sea.
Another reason for the boom in the property and estate
sector in Turkey is due to the very low property tax that is levied upon land
owners in Turkey by the Turkish government. Also, the norm passed by the
government allowing mortgage of property to non-Turkish residents has led to a
gradual increase in the number of non-resident people buying Turkish property,
either for personal use or for business purposes.
Price for Property in Turkey
Antalya
Prices for property in Turkey are varying from area to area,
and sometimes quite significantly. One of the most expensive areas is Antalya,
a popular holiday location. The city is growing big along the coast, and the
prices sometimes are soaring high, and a cozy villa (about 200 square meters)
will cost not less than 400.000 euros.
Alanya
Alanya, unlike nearly entirely developed and thoroughly
explored Antalya, is only beginning to enjoy the investors' interest. Here
investors will find residential and holiday property, villas, cottages and
apartments for sale. There is a wide
array of different types of apartments available for sale in Turkey at this
point in time. For example, there are very high end properties that are
luxurious. At the other end of the spectrum, there are more moderately priced
units that are suitable for men and women who find themselves finding a part of
the year in Turkey in business and desire a second residence for their time in the
country. Prices for apartments in Alanya range from 600 to 700 euros for square
meter.
Istanbul
Buying a property in Istanbul is associated with the lowest investment
risks, as the city is an international resort that will always be a top travel
destination. Its long history is the best publicity which guarantees a hundred
percent return on the investment. According to city authorities, one-room
studio apartments have the highest investment potential. Price for square meter
depends on the area of Istanbul. In underdeveloped areas, the price ranges from
700 to 900 euros for square meter, while in the downtown the prices rise to
several thousands and more. Experts believe that in ten years a price limit for
property in Istanbul will reach the level of Oxford Street in London and in Manhattan
in New-York.
Bodrum
Bodrum is the hub of social life, a luxury resort, but,
nevertheless, the location with the best value for money in terms of real
estate. Located at the junction of two seas, Bodrum has immense advantages
before other Turkish cities and is still available for private investment. A three
room apartment with a magnificent view can cost up to 55.000 euros.
Economists and financial advisors are rating ‘property
investments in Turkey' as number 1 viewing the growth of the tourism industry
of this state and the rising economy. This ensures that your financial
investments will not go waste and are guaranteed to bring high returns in future.
If you are looking for a good foreign property investment, then it is right
here in Turkey.
Thus, owing to these benefits there are many investors who
are increasingly coming in to buy property in Turkey, and then build their own
dream homes, villas or hotels. The infrastructure of Turkey is also developing
day by day owing to the increase in the economy of the place, which is
guaranteed to benefit you in future. On the hand, there are now many flights
connecting UK to Turkey, thus bringing in more number of tourists from all
around the world to this paradise on Earth.
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