Thousands of people go to Turkey every year to purchase real estate for recreation and living. If you are interested in buying quality housing you should check out the Turk.Estate website, where you can discover a huge base of construction companies in Turkey. You can choose and housing unit – from inexpensive flats to premium villas for investment.
The Turkish foreign capital regulation regime is considered to be one of the most liberal in the world. In this country, a lot of measures are being taken to attract and comprehensively support foreign investors and the principle of equality with national capital is observed. The activities of foreign capital are stimulated and supported by the state in every possible way. In terms of state support, tourism, construction and real estate are in the country in second place after industry and science.
Why invest in property in Turkey
For modern investors, Turkey opens up considerable prospects in terms of generating income. Today absolutely clean legal transactions are being carried out in this country, the authority of foreign investors is growing. The Turkish authorities have built one of the most competitive markets in the world, and far-sighted businessmen have long known this. The favorable investment climate in the country is largely based on the Law on Foreign Direct Investments. Positive trends are also confirmed in figures.
Thus, in the period from 1973 to 2002, the volume of foreign investments in the country’s economy amounted to USD 15 billion. And in the period from 2003 to 2016, this figure reached USD 180 billion. The Turkish authorities are making considerable efforts to create favorable conditions for foreign citizens who want to invest their capital to local facilities.
Experts suggest that next year the country will enter the top 10 countries with actively developing economies with a figure of USD 1 trillion. It is this country that Bloomberg experts recommend to pay attention to investors. Over the past 14 years, it has increased its GDP by 3 times, placed on its territory the factories of the world’s largest manufacturers.
All this indicates that a stable economic situation has been created in this state, which is an important condition for successful and reliable investment.
General thoughts about real estate in Turkey
Buyers from abroad often have a question: “Real estate in Turkey – which is better to buy: apartments or villas?” Of course, the first thing that needs to be done to answer this question is to figure out why you are purchasing housing. Choose the object you like according to its location and characteristics.
One of the most important factors is price. Prices for apartments and villas in Turkey depend on the following factors such as:
- region and location;
- remoteness from the sea;
- status and type of object;
- number of stories and species characteristics;
- a new building, an off-plan property, or a previously owned housing;
- sale from a developer or private person, and other characteristics.
Apartments and villas are a popular type of real estate in Turkey among foreign buyers. What are the perks of purchasing a villa or an apartment? Let’s compare.
Purchasing an apartment in Turkey
Most of the apartments in popular resort cities in Turkey are located within residential complexes. These are not just apartment buildings, but comfortable residential areas with their own closed territory and internal infrastructure:
- swimming pools,
- parking spaces,
- 24/7 security,
For the maintenance of internal public facilities and order on the territory, the owners are obliged to pay every month. The more extensive the infrastructure, the greater the amount for the payment. You should decide in advance on the acceptable budget for monthly costs and choose an apartment in a residential complex with an appropriate size of infrastructure.
Purchasing a villa in Turkey
According to official statistics, starting from 2020, villas with a pool and their own adjoining territories or a garden are very popular. The number of investors wishing to become the owners of private houses is steadily growing. This is one of the most comfortable places to live: your own open-air space, where you are your own master and a minimum of contact with neighbors. Apartment owners do not have this advantage.
In the ads on the websites of real estate companies’ private houses are represented in two types:
- detached building, which is a completely closed private area, where you decide all issues related to its improvement and maintenance. You can take care of the site and the house yourself, without spending extra money, or invite specialized personnel who will clean the pool, mow the lawns, keep the garden in order, clean the house, and so on.
- villas located within residential complexes, which means the presence of a common closed area, security and internal infrastructure, and therefore a service company, for the services of which you will need to pay a monthly fee.
As the Turkish construction market is booming, buyers have a wide variety of properties to choose from in a variety of categories. You can buy a ready-made property or choose an apartment in a complex under construction, give preference to a cozy studio on the coast or invest in an apartment in Istanbul, etc. Suitable investment-attractive options can be found in any category.
|Area||90 sq m||75 sq m||83 sq m|
|Number of bedrooms||3||2||3|
|Number of bathrooms||2||1||1|
|Average price||EUR 250,000||EUR 150,000||EUR 220,000|
Real Estate in Turkey
Which property in Turkey to choose – villas or apartments – depends entirely on the purpose of the purchase. It is really easy to do this today, having access to the Internet and the opportunity to get the support of an experienced real estate company. Are you dreaming of purchasing a villa or apartment in Turkey next to the sea? Contact Turk.Estate and they will make your dream come true as soon as possible without risks and overpayments.