advantages when considering buying a property in Turkey

During our blog, the editorial team was keen to get acquainted with all the details related to features when thinking about buying a property in Turkey.

What makes buying a property on the territory of the Republic of Turkey more attractive is the many advantages that you can benefit from, from an encouraging investment environment to low costs of living and cultural diversity, Turkey provides a stimulating environment for buying real estate, so whether you are looking for a profitable investment return, a quiet home to live in, or a successful commercial property, in Turkey you will find the perfect opportunity that meets your expectations.

In this article, we will look at 10 important features when considering buying a property in Turkey.

Learn about the advantages of buying a property in Turkey

By completing the reading, you can learn about the reasons that made investors rush to buy real estate in Turkey:

First, obtaining Turkish citizenship

Here are some of the main advantages of obtaining Turkish citizenship:

1. You have the right to reside and work in Turkey without the need for a work visa.

2. Turkey provides the right of free travel to its passport holders, thus, by obtaining Turkish citizenship, you can travel to many countries without a visa or with a visa easy to obtain.

3. Citizenship holders enjoy full legal rights and protections in Turkey, including the right to diplomatic protection by the Turkish government abroad.

4. You can benefit from the education and healthcare system in Turkey in the same way as Turkish citizens.

5. You have the right to buy and own real estate in Turkey without the need for a special permit or permit.

6. By obtaining citizenship, you can inherit citizenship to your family members, allowing them to benefit from the same benefits and opportunities that are available to Turkish citizenship holders.

7. You have the right to participate in elections and contribute to the political process in Turkey.

Secondly, obtaining real estate residency

There are some main advantages of obtaining real estate residence in Turkey, including:

1. It allows you to obtain a long-term residence permit in Turkey, which allows you to legally reside in the country for a long period without the need for frequent renewal.

2. You have the right to work in Turkey legally without the need for a separate work visa.

3. You have the right to buy and own real estate in Turkey legally, according to local real estate laws.

4. You can benefit from public services, health care, education and social security in Turkey in the same way as Turkish citizens.

5. The procedures for obtaining real estate residence in Turkey are usually simple and easy compared to some other countries.

Third, achieving profitable returns

1. You can rent the property that you have purchased for residential or commercial purposes and Turkey is witnessing a continuous demand for rents due to the growing tourism and the growing demand for real estate in the tourist and commercial cities.

2. You can rent your property as a location for tourism photography or for filming films and advertisements and Turkey has beautiful and diverse locations that attract photographers and filmmakers.

3. Commercial real estate can be purchased in vital areas such as shopping centers, tourist areas, and industrial areas and this provides an opportunity to rent the property for commercial businesses and shops, which contributes to achieving high investment returns.

4. The value of the property you have purchased can increase over time and the urban development and economic growth in Turkey can lead to an increase in the demand for real estate and increase its value in the future.

5. You can sell the property after its value has risen to make a large profit and there may be opportunities to sell the property after a certain period of time at a higher price than what you paid when buying.

Fourth, benefit from the diversity of transportation in Turkey

1. It has many international and domestic airports, which makes air travel a popular and convenient option and Turkish airlines include many domestic and international flights.

2. It has a rail network that connects the major cities, trains have amenities and provide a good option for long-distance travel.

3. It contains a comprehensive and advanced bus system that connects cities and rural areas and buses come in different sizes and designs, ranging from large air-conditioned buses to minibuses for short distances.

4. Major cities in Turkey such as Istanbul and Ankara have well-developed metro and tram networks and these aids provide a fast and efficient way to get around in heavy traffic areas.

5. It contains a large number of taxis that can be hired to move within the cities and taxis are available at stations, airports and on major roads.

Fifth, the diversity of real estate in Turkey

Here are some of the types of real estate available in Turkey:

1. Triplex

2. Duplexes

3. Villas

4. Penthouse apartments

5. Townhouse apartments

6. Studio

7. Hotel apartments

Sixth, the strong Turkish economy

1. It has achieved strong growth in GDP over recent decades, according to official data, the annual growth rate ranged between 5-7%, which reflects the strong economic dynamism.

2. It has diverse and strong economic sectors, including manufacturing, tourism, construction, agriculture, financial services, and information and communication technology.

3. It enjoys a strategic location linking the continents of Asia and Europe, which enhances its role as a trade center and a gathering point for international trade and Turkey is considered a bridge between the eastern and western markets.

4. It attracts large amounts of foreign direct investment, which contributes to enhancing the growth of the economy.

5. The Turkish government offers incentives and facilities to foreign investors to support economic development.

Seventh, the low cost of living

1. Affordable apartments can be found in various cities, especially in rural areas and this helps save a significant portion of the monthly budget.

2. You can find a wide range of restaurants and cafes serving meals at low prices, including traditional Turkish cuisine and international cuisine.

3. There are various options for public transportation at low prices, such as buses, metro and tram, and the costs of fuel and car maintenance in Turkey are lower compared to many other countries.

4. Health care costs in Turkey are acceptable, the health system in Turkey is developed, and affordable and high-quality medical services are available in hospitals.

Eighth, a conservative environment close to the Arab environment

1. Turkey and the Arab countries share many cultural values and social traditions and this makes the Turkish environment familiar and close to the Arabs and facilitates adaptation and integration into Turkish society.

2. It attracts a large number of Arab tourists and investors, the presence of a strong Arab community and the availability of services and facilities targeted to Arabs enhances the sense of comfort and belonging.

3. It includes many restaurants and cafes that serve Arabic food and in addition, Arabic ingredients can be found in markets and shops.

4. It is considered an Islamic country, and there are many mosques and religious centers throughout the country and this provides a comfortable religious environment for Arab Muslims.

5. It enjoys stunning landscapes that include seas, sandy beaches, mountains, and lakes.

Ninth, real estate prices in Turkey are low

1. There is a competitive real estate market in Turkey, with a wide range of options available to buyers.

2. There is an increase in the supply of real estate, whether it is apartments, villas or commercial offices.

3. Enjoy low production costs for real estate, including construction costs and raw materials.

4. The Turkish government is working to encourage investment in the real estate sector by providing incentives and facilities.

Ten, political and economic stability

1. Turkey is going through an important economic transformation process, as it is witnessing strong economic growth and the Turkish government is open to foreign investment and works to improve the business environment and encourage innovation and competitiveness.

2. Turkey has been living in a multi-party democratic system over recent years and the country witnessed important political developments and multiple elections and political stability in Turkey is affected by regional and international challenges and tensions.

Common questions

Is it recommended to buy real estate in Turkey?

Of course, especially after seeing the most important features of buying real estate in Turkey.

Is it possible to obtain Turkish citizenship by buying a property?

Certainly, foreign investors can obtain Turkish citizenship by purchasing a property worth $400,000, provided they pledge not to sell for a period of 3 years.