Customers often ask us if Turkey is the cheapest place to buy property? So, in an endeavour to find out the answer, we went on a search of official housing prices across the world. But before, we reveal what we found; it is crucial that if you want to buy a home overseas, consider other factors rather than just price.
Many people, when researching the cost of property in Turkey vs Spain, struggle to find a definite answer. Both are vast countries, and the old-fashioned saying that location matters is real. For example, the price of a new, two-bedroom apartment with on-site communal swimming pool in Mahmutlar, Alanya, Turkey will not even get you a studio in Istanbul city centre.
Throughout Turkey, getting a taxi is as easy as 1,2, 3. All taxis have a meter, but in smaller resorts, it is a set price within a specific locality. At present, there is no countrywide app, but if you are headed to Istanbul, there are two to use. There are others listed on Google Play, but their reduced ratings mean they cannot make the list of the best.
Some city tourists like to stick with what they know. And that's fine. But other travellers know that when you venture off the pages of the guide book, you are often rewarded for your trouble. We've picked out five neighbourhoods around Istanbul that might not be in your Lonely Planet guide, but are really are worth exploring.
When owning a home abroad is the new norm, people have a wealth of countries to choose from. Sometimes people narrow down their choices to Turkey versus France, and both present a healthy portfolio of apartments and villas for sale. So, how do you narrow down choices? The first is to compare precisely what money will get, while the second is to research what each country has to offer.
So, you are wondering where the best place to buy property abroad is, and are probably overwhelmed with choices. After all these days, the world of real estate is no longer country confined but now an international market. Property investors tap into holiday lets and Golden visa schemes while summer home buyers and retirees looking to move abroad want an idyllic lifestyle befitting their dreams.
If you are asking yourself where you can retire in Europe, narrowing down the choices of destinations is easy. There is nothing better than going on the suggestions of people who have already done it. Other factors to consider are your lifestyle preferences, quality of schooling if you have children, family activities, amenities, and healthcare.
For international property investment, the Turkish real estate market is awash with opportunities. Nationalities of buyers included Iraqis, Iranians, Russians, Brits, Germans, and other European and Asian people. So, as you can see, Turkey delivers the goods, whether this is the Turkish Citizenship by investment scheme or capital appreciation potential.
The shift from the high street to online retail has been swift, with many casualties. One of these is commercial real estate. One an attractive proposition for investors, earning money from the commercial property sector is vanishingly rare, thanks to the decline of high street shopping, explains Cameron Deggin.
If you need finance to buy a property in Turkey, there are a few options for foreign buyers. While it's possible to obtain a mortgage through a Turkish bank, with interest rates high we recommend avoiding borrowing in Turkey and opting for finance through a developer or in your home country.
Turkey's tax laws are among the most favourable in the OECD, making the country an attractive destination for those looking to live, work and invest in Turkish real estate. Read our blog here about Turkish income tax for property owners.
With its growing economy, stable political landscape and strategic location at the crossroads of Asia and Europe, Turkey's favourable investment landscape is attracting more and more foreign investors.
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