Real estate in Turkey

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Turkey Real Estate Catalog

Investing in real estate in Turkey

Dynamics of real estate prices in Turkey indicates a constant increase in the cost per square meter. There are no objective grounds for reduction or at least temporary freezing of price growth. The main factors of appreciation: demand, inflation, increase in the cost of construction works and materials.

Summarizing the results, we note that the price tag increase did not affect the interest of investors from abroad – the number of concluded transactions is increasing. The first half of the year, despite geopolitical, economic and pandemic difficulties, was a record-breaking year for the Turkish housing market in many respects. Both Turkish citizens and foreigners became active buyers. And if the local population sees the purchase of housing as a real way to protect their savings from inflation, then foreign investors buy apartments in Turkey for profitable investments or move to permanent residence.

Many foreigners understand that the Turkish real estate sector today – one of the most reliable investment instruments and a real opportunity to preserve and increase their capital. In addition, it is a legal right to have a “safe harbor” for a comfortable stay with the whole family in a sunny, friendly country.

The increase in the threshold to $400,000 for applying for Turkish citizenship for real estate and the closure of some areas to foreigners only a short time after the laws came into effect has cooled investor fervor. The increase in the threshold to $400,000 for applying for Turkish citizenship for real estate and the closure of some areas to foreigners for only a short period after the laws came into force cooled the ardor of investors. However, sales have picked up since mid-July. To date, there is every reason to believe that in the second half of the year will remain the same positive dynamics. Therefore, if you were planning to buy housing in Turkey, we recommend to address this issue now.

Comparison of real estate prices in Turkey:

Location Median value of the object Average price per m²
Turkey €269 000 €3 116
Istanbul €343 000 €3 564
Antalya €189 000 €2 729
Alanya €176 000 €2 550

10 facts about Turkey that will be useful in everyday life:

Climate

Turkey has a varied climate, from Mediterranean on the coast to continental inland. Take this into account when planning your trip and choosing your clothing.

Currency

Turkey’s official currency is the Turkish lira (TRY). Make sure you have enough local currency or a bank card to use during your stay.

Language

The official language of Turkey is Turkish. In the main tourist areas many people speak English, but it is useful to know a few basic phrases in Turkish.

Safety

Turkey is a relatively safe country for tourists, but it is still advisable to take general precautions such as keeping valuables in a safe place and avoiding remote or low-lighted areas at night.

Transportation

Turkey has an extensive public transportation system including buses, cabs and domestic flights. Explore local routes and timetables to easily get around the country.

Cultural sensitivities

Respect local customs and traditions. For example, you should wear full-body clothing and remove shoes when visiting mosques.

Food and water

Turkish cuisine is known for its variety and flavor. However, be careful with street food and drink only bottled water to avoid health problems.

Shopping and malls

Trading in markets and shopping centers is popular in Turkey. Remember that prices of goods can be subject to haggling, so don’t hesitate to bargain.

Cell phone service

Turkey has a well-developed cell phone network. Check roaming rates with your operator before traveling or consider buying a local SIM card.

Electricity

Turkey uses the standard European 220 volt electricity system. Make sure you have the right adapter to charge your devices

By learning these facts, you will be better prepared for your trip to Turkey and be able to enjoy its beauty and culture.

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    FAQ

    Istanbul: Istanbul is the largest city in Turkey and one of the most popular tourist destinations in the country. It is located on two continents, Europe and Asia, and is separated by the Bosphorus Strait. Istanbul is rich in historical sites such as the Blue Mosque, Grand Bazaar and Topkapi Palace.

    Antalya: Antalya is a resort city on the Mediterranean coast. It is famous for its beautiful beaches, warm climate and luxury resorts. Antalya also has a rich historical heritage including the Ancient City of Pergamum and Aspendos.

    Izmir: Izmir is located on the Aegean coast and is one of the largest cities in Turkey. The city is famous for its beautiful beaches, delicious cuisine and rich history. Here you can visit the ancient city of Ephesus, which is one of the most important archaeological sites in Turkey.

    Bodrum: Bodrum is a resort town on the Aegean coast. It is known for its beautiful beaches, picturesque scenery and rich history. In Bodrum you can visit the Ancient City of Halicarnassus, home to one of the Seven Wonders of the World, the Mausoleum of Halicarnassus.

    Cappadocia: Cappadocia is a unique region in Turkey known for its fabulous landscapes including volcanic cliffs and cave towns. Here you can see amazing natural formations made by nature and man, such as “firework” rocks and cave churches.

    Alanya: Alanya is a popular resort town on the Mediterranean coast. It attracts tourists with its beautiful beaches, various water sports and picturesque landscapes. In Alanya you can also visit the Alanya Fortress, which is one of the main attractions of the city.

    Bursa: Bursa is located near Istanbul and is a major city in the western part of Turkey. It is known for its historical sites including the Ancient City of Nikaya and the Tomb of Osman Gazi. Bursa is also famous for its thermal springs and is a popular destination for rest and relaxation.

    Ankara: Ankara is the capital of Turkey and the second largest city in the country. The city is the political, administrative and cultural center of Turkey. In Ankara, you can visit the Ataturk Mausoleum, which is a monument to the founder of modern Turkey, as well as the Ankara Fortress and much more.

    These are just some of the major tourist cities in Turkey with their interesting facts. There are many other great places to visit in the country.

    Air travel: The most popular way to reach Turkey is by air. Turkey has international airports such as Ataturk Airport in Istanbul, Sabiha Gökçen Airport in Istanbul, Antalya Airport and others. You can find direct flights from different countries to Turkey or make a connection at one of the Turkish airports.

    Bus: If you are in neighboring countries, you can reach Turkey by bus. There are international bus routes connecting Turkey with various cities in Europe and Asia. You can find bus companies offering routes to Turkey and book tickets in advance.

    Rail: Turkey also has rail routes connecting it with some neighboring countries. For example, you can reach Turkey by train from Greece or Bulgaria. However, rail connections can be limited and may not be as frequent as air or bus flights.

    Sea transportation: if you are on the Mediterranean coast or plan to travel by ferry from neighboring countries, you can use sea transportation to get to Turkey. For example, there are ferry services from Greece to ports in Turkey such as Izmir and Kusadasi.

    Car: If you prefer to travel by your own car, you can reach Turkey across the border by car. Make sure you have the proper documents such as a driver’s license, insurance and a permit to enter Turkey.

    We hope this information will be useful for you!

    Turkish universities offer a variety of educational programs and have a good reputation both at home and abroad. Here is some information about Turkish universities:

    University Rankings:

    Turkish universities have recognized positions in international rankings. For example, in QS World University Rankings 2023, several Turkish universities have been ranked in the top 500 This is a testament to the quality of education they offer.

    Educational Programs:

    Turkish universities offer a wide range of educational programs in various fields of study. They provide the opportunity to earn bachelor’s, master’s and doctoral degrees. Students can choose from a variety of specializations and majors, including humanities, science, engineering, medicine, economics, and more.

    Accreditation:

    Many Turkish universities are internationally accredited and recognized by leading educational institutions. For example, some universities in Turkey are AACSB (Association to Advance Collegiate Schools of Business) accredited, which indicates the high quality of their business programs.

    International Students:

    Turkish universities welcome students from all over the world and offer programs for international students. They provide various exchange and internship opportunities as well as support for the adaptation and integration of international students.

    Famous Turkish Universities:

    Turkey has several renowned universities that have a good reputation and are recognized both domestically and internationally. Some of them include the following:

    If you want to stay in Turkey, find a job and settle down, you need to obtain a residence permit, which is called “ikamet” in Turkish.

    Once you have obtained a residence permit (ikamet), you will be able to:

    – Enter and leave the country as many times as you like.

    – Open an account in any local bank.

    – Enroll your children in a local school.

    – Work and do business in the country.

    – Receive medical care.

    – Stay in the country for more than 180 days a year.

    To obtain a residence permit in Turkey, the following documents must be submitted:

    • Notarized copy of the foreign passport.
    • 4 color photos of 3×4 size.
    • Receipt of payment of the state duty.
    • Medical insurance.

    You may also need additional documents depending on the type of your ikamet, such as apostilized copy of marriage certificate, copy of children’s birth certificate, agreement on renting an apartment or buying a house, proof of income and others.

    You can get detailed information and assistance in applying for a residence permit by contacting us!

    Buying real estate in Turkey has several advantages:

    Investment Opportunities: Turkey offers a wide range of real estate investment opportunities. According to one source, investing in Turkish real estate can yield up to 12% annual returns.

    Attractive prices: Real estate prices in Turkey are relatively affordable compared to other countries.

    Variety of choices: Turkey offers a variety of properties including apartments, villas, houses and commercial properties. You can choose a property that suits your needs and preferences.

    Attractive climate and nature: Turkey is famous for its attractive climate and beautiful nature. Many people buy real estate in Turkey to enjoy the warm climate, beaches and mountain scenery.

    Citizenship opportunity: when buying real estate in Turkey for a certain amount of money, foreign investors may have the opportunity to obtain Turkish citizenship. This can provide additional benefits such as free movement and access to social services.

    Developed infrastructure: Turkey has a developed infrastructure including airports, roads, hospitals and tourist facilities. This provides convenience and comfort for property owners.

    Rental option: If you are not planning to live in Turkey permanently, you can rent out your property. The tourism industry in Turkey is booming and renting out properties can be a source of additional income.

    Conclusion

    Buying real estate in Turkey has many advantages including investment opportunities, attractive prices, variety of choices, attractive climate and nature, citizenship opportunities, developed infrastructure and rental opportunities. These factors make Turkey an attractive destination for real estate investment.

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