Turkey has become the country with the highest increase in real estate prices in the world. With an annual average increase in national property prices of 3.4%. In some provinces like Muğla, Antalya and Istanbul, the prices increased even more. At the same time, housing costs in Turkey are still lower than in most European countries. This is one of the reasons why Turkish real estate is so popular with foreigners.
The Foreign Property Promotion Association of Turkey conducted a survey this year to identify the top reasons why foreigners buy property in Turkey.
Buy real estate to make money
Due to the recent rise in real estate prices and Turkey's growing position in the world economic market, many foreign republics see real estate as the most lucrative investment. Because of this, they prefer to buy real estate rather than invest in gold, foreign exchange, or bank accounts. Most of the respondents indicated that the main reason for buying a house in Turkey is investment.
There is another very important point here. Buying real estate ㅡ is not only a way to save, but also a way to grow your capital. This can be done in two ways. It is more expensive to buy a house under construction and sell it after use. Income can go as low as 0, especially if a house is bought early under construction.
The second option is passive income. In Turkey, not only apartment prices are increasing, but also rents. By renting out your property, you can earn a lot of money and generate regular and, above all, absolutely passive income.
Own a house by the sea
Also, foreigners are buying apartments in Turkey so they can fly on vacation whenever they want. We would like to remind you that when buying real estate, the whole family (spouse and children) immediately receive a residence permit in the country. In other words, foreign owners of Turkish property can stay in Turkey for as long as they want. Considering that many people are now working remotely, it is very convenient to come to Turkey and stay there for a few months without stopping work. Or use the "house by the sea" as a holiday home.
Permanent accommodation in Turkey
This year Turkey has achieved 8% of residents who will reside permanently in Turkey. It is well known that many people have bought real estate to live in Turkey. Life in Turkey is comfortable: perfect climate, sea, cheap food, high level of medicine and education, easy adjustment and many opportunities for all kinds of activities. For this reason, many people choose a country for their permanent residence.
How to become a citizen of Turkey
According to Turkish law, if you buy real estate in Turkey for more than US$500,000, you can become a citizen of the country immediately without having to wait five years. For many foreigners, this is an important factor. One reason: With Turkish citizenship, you can visit 110 countries visa-free and get visas to Europe and the United States more easily than many other countries. Recently, Chinese people are more actively buying apartments in Turkey in order to get a prestigious Turkish passport.
Benefits of Retirement and Living in Turkey
Another large group of foreigners buying real estate in Turkey are people of pre-retirement age. They buy apartments in Turkey to retire. The reasons are the same: excellent medicine, climate, the opportunity to live in comfortable conditions. In earlier times, mainly European pensioners came to Turkey. Now more and more citizens of Russia, Kazakhstan and residents of other CIS countries want to come to the shores of the Turkish Mediterranean.
By the way, the citizens of Russia say that Russia's pension is enough for Turkey. If you consider that there is no need for thick clothes, especially in the southern regions of Turkey are available, high quality medicines are sold at a discount.
Advantages and Difference of Likya Homes
Whatever your reason for buying a property in Turkey, we are sure to help! A residence for citizenship, a permanent residence, a house by the sea or just a holiday, we will choose the right property for you. Let Likya Homes objects convince you. More than 20,000 items are included in the Likya Homes catalogue. Take a look at the content on https://likyahomes.net/index.html. We will definitely find something.
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