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Turkey (officially the Republic of Turkey) is a transcontinental state located mainly in Asia. In the north it is bordered by the Black Sea, in the south - by the Mediterranean and in the west - by the Aegean. Turkey is a member of the UN, NATO, IMF and the World Bank, and a founding member of the OECD, OSCE, BSEC, OIC and G20.
The climate of the country is extremely diverse, depending on the terrain. It should be noted that even in the northern regions of the country in the winter months the average temperature does not fall below +5°C; there is practically no frost, as well as snow. In summer, the thermometer does not drop below +25°C. In the south of the country, constant summer reigns - the air temperature does not fall below +15°C.
Turkey is an industrial-agrarian country. Main industries are: mining (coal, chromites, boron, copper), ferrous and non-ferrous metallurgy, oil refining, mechanical engineering, paper and food industries. Tourism plays an important role and contributes to the development of infrastructure, entertainment, and the preservation of cultural monuments. Turkish culture is the product of efforts to be a "modern" Western power while retaining traditional religious and historical values.
Advantages of living and investing in Turkey:
- favorable climate;
- many luxury resorts;
- picturesque nature of the Mediterranean coast;
- ancient architecture, interesting culture and delicious cuisine;
- a well-organized system of social protection;
- rapid economic development;
- the highest quality of local infrastructure;
- affordable prices for resale and accommodation compared to other European countries;
- the possibility of obtaining a residence permit and Turkish citizenship for investment;
- state support for certain business sectors and investors;
- excellent returns on resale properties that increase over time (return on investments obtained through resale or rental - up to 12% of the original value).
How to profitably invest in houses in Turkey: offers on the market
Demand for secondary real estate in the country is growing every year. Buying a house in Turkey on the seashore is a profitable investment. The local market is quite diverse, there is a wide choice of houses in coastal areas (villa, dacha, cottage, private mansion), their cost depends on the region, location (in the city center, on the outskirts, in the village, by the sea, in the mountains, etc.), condition (repair), area, size of the land plot and its improvement, availability of infrastructure and type of building. In Turkey, several types of houses are sold, among them the most common are:
- villa - a separate building on 2-3 floors with an area of 120-450 m², mainly built of stone, has spacious balconies and terraces that are used as a full-fledged living space. Nearby most of the villas there is a swimming pool, a relaxation area, a garden designed by designers;
- duplex - a 2-3-storey house, divided into 2 identical autonomous dwellings by a thick wall with good sound insulation (the area of each part is 180-300 m²). The territory of the site is not divided, always with a swimming pool and an equipped place to relax. Duplexes are considered an economical alternative to a villa. They are most in demand among large families;
- townhouse - a two-storey villa, divided into 3-5 parts of 100-260 m², each of which has a separate entrance and a parking space. Near the townhouse there is always a swimming pool and a place to relax, the surrounding area can be either shared or divided;
- bungalow - a one-storey small house of 90 m², mainly in the countryside.
Investors choose the region to buy a home based on their goals and lifestyle. Those who prefer silence choose small resort towns (Kash, Fethiye, Avsallar, Kalkan, Konakli, etc.), any of the 14 bays of the Bodrum Peninsula or the countryside. For those who are going to move to Turkey for permanent residence, it is important to consider housing options in economically developed regions. For example, in Istanbul, Ankara, Izmir, Denizli. Foreigners also choose Istanbul, Ankara and other cities to purchase housing for the purpose of its further rental, where people come not only to relax, but also to study or work, since in large cultural centers rental income is not tied to the tourist season.
The most popular resorts in Turkey are Side, Belek, Marmaris, Antalya, Kemer, Alanya, Bodrum, Fethiye. Buying a villa in Turkey by the sea is a great investment option. The cost of housing in the resorts is the highest in the country, but here you can find houses at an affordable price. If you want to buy a house in Turkey for rent and profit in a resort town, remember that Alanya offers the cheapest resale.
Site for buying and selling houses in Turkey without intermediaries
The GEOLN.COM website with a convenient search interface helps investors find and buy houses in Turkey cheaply, thanks to which you can quickly and easily select houses from owners according to the necessary parameters, and use the advice of specialists. The catalog contains verified objects, which the homeowners place on the site on their own, and it means that customers are guaranteed a profitable purchase and a quality sale of villas in Turkey.
House prices in Turkey
Prices for villas in Turkey range from 80 thousand euros for a small 1-2-storey building on a plot of 250-300 m² in the suburbs to 1.5-2 million euros for luxury mansions on the seashore.
The most popular city for buying a home is Antalya, where you can buy an inexpensive house 5-7 km away from the sea (94-99 thousand euros) with an area of 90 m² with a panoramic view, a fireplace and heating.
Inexpensive houses can be purchased in Alanya. For example, in Mahmutlar, villas of 120 m² on a plot of 300 m², 1 km from the coast can cost from 85 thousand euros, a house at the same distance from the beach, but with an area of 250 m² on a plot of 500 m² is estimated at no less than 280 thousand euros.
How to buy a house in Turkey: the nuances of investing
By becoming the owner of a house in one of the Turkish cities, foreigners get the opportunity to obtain a residence permit. According to Turkish law, the purchase of housing in the country entitles all foreign citizens to obtain a residence permit for a period of one year (purchase in the amount of 400 thousand dollars allows you to obtain citizenship of the Republic of Turkey).
Before buying, we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the area.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts conduct a high-quality selection of a house according to individual parameters. The purchase and sale of houses in Turkey is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a house in Turkey is a profitable investment that guarantees rental income, the opportunity to live and relax in a mild climate in a country with the highest quality of local infrastructure, affordable prices and a large number of cultural monuments.
House prices in Turkey
City | Price from |
---|---|
Alanya | 200,000$ |
Belek | 690,000$ |
Bodrum | 700,000$ |
Cesme | 427,000$ |
Fethiye | 210,000$ |
Izmir | 29,500$ |
Konaklı | 194,000$ |
Kusadasi | 160,000$ |
Marmaris | 600,000$ |
yakakoy | 578,000$ |