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What Are The Advantages? Turkey Property for Sale by Owner

  • 22 November 2021

Investing in property in Turkey is one of the recent trends all around the world. The country became a heaven for entrepreneurs, investors, and people who want to make quick money. If you are planning to invest in property in Turkey, then this guide is for you!

Below, we have covered everything you might want to know before investing in Turkey. We highly recommend checking out the following information before making any decision.

Can I Own a Property in Turkey?

According to Turkish laws, anyone, regardless of their gender, ethnicity, age, religion, can own property in Turkey. However, the government will still make a background check before the transfer of the property.

If you have been involved in any terrorist activity before or other similar events, the government has the right to deny your request or ban you from purchasing any property in Turkey. Since your chances to get involved in such activity, the short answer to this question is yes, you can own a property.

It is important to note that the government also does not approve property transfers around military bases. Moreover, the amount of land you can buy in Turkey as a foreigner is limited.

Is Real Estate Cheap in Turkey?

As the Turkish Lira keeps losing value, real estate prices are very cheap especially for buyers from European Union countries or the United States. Every year more foreigners prefer to invest in property in Turkey for various reasons.

While some people plan retirement in the country, others focus on investing and making money. For both reasons, real estate prices are highly cheap.

How to Find Turkey Property for Sale by Owner?

Real estate investment in Turkey turned into a profitable business. Thus, many companies and agencies promote real estate on the web. However, most of them are middlemen and you need to pay a fixed commission during the trade.

If you want to buy Turkish property directly from the owner, there are a few Turkish platforms you can check. One of them is Sahibinden. Although you can switch the language to English, most of the ad content will still be Turkish. Another platform you can visit is HepsiEmlak. This platform only serves in Turkish.

Advantages of Buying Real Estate in Turkey

As we mentioned before, investing in real estate in Turkey became a trend all around the world. People have their own reasons to prefer this method but most of them prefer it because of affordable prices.

You can literally buy one or two luxurious and spacious villas for the price of a small flat in the suburbs of the United States. No matter what your motivation is, we have compiled some of the prominent advantages of buying real estate in Turkey in the following.

Cheap Property Prices

This is one of the most important advantages that we would like to emphasize once again. Turkey is the leading country in Europe in terms of the annual increase in real estate prices. This makes the country a favorable destination for investing.

Most importantly, Turkey is one of the great countries you can live in. Especially when you buy real estate in the Aegean or Mediterranean regions. If you enjoy city life, you can also prefer Istanbul too.

Hospitable Culture with Amazing Cuisine

Turks are famous for their hospitable attitude. They love their neighbors and often spend time together. They visit each other’s houses and give utmost importance to their relationships. If you feel disconnected in today’s so-called modern world, Turkey will be a great solution for you.

Needless to say, Turkish and Ottoman cuisine are some of the most important cuisines in the world. With seasonal eating habits, you can enjoy more than hundreds of varieties every season.

Easy Processes and Citizenship Opportunity

Buying a property in Turkey is a piece of cake. The government provides great convenience for the investors and there are plenty of agencies to work with. With the power of attorney, you do not have to be physically available in the country during the trade either.

Moreover, if you buy a property worth $250,000, you can apply for Turkish citizenship. The government allows dual citizenship too.

Easy Access from Any Part of the World

Thanks to its strategic location and busy airports, you can literally visit Turkey from any part of the world with direct flights. Turkey is located on a strategic location that connects the European and Asian continents.

Turkish Airlines is one of the most important and successful airline companies in the world too. You or your guests will not have any challenge to visit the country whenever you want.

A Great Investment Opportunity

Turkey ranks number one in the annual increase in real estate prices and property rent for three consecutive years in Europe. Only this year, real estate prices increased by 30%. If you would buy a property in Turkey about three years ago, you would multiply your investment.

Experts also believe that this trend will continue in the following years. They expect an increase in real estate prices and rents for three more years.

Cheap Cost of Living

Turkey also offers a cheap cost of living for expats. Although the Turkish economy is constantly growing, the Turkish Lira is losing value. This offers a great opportunity for foreigners living in Turkey but making money abroad.

You can literally save money while enjoying a luxurious life in Turkey. It is worth noting that the prices usually increase during the summer seasons. You may want to avoid tourist destinations during the peak season.

Every Day is a Holiday in Turkey

Thanks to its location you can live four seasons in Turkey. Tourist destinations such as Antalya, Mugla, and Izmir are always sunny even in the winter seasons. Moreover, you can travel the country from one tip to another in only 2 hours by flight.

This means that you can always move between the cities to find the perfect weather for yourself. If you are going to live in Antalya, Izmir, or Mugla, you will not have to move too. You can swim at any time of the year while enjoying the sun.

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