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 Charter, an early member of NATO, the 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: 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.
How to profitably buy an apartment in Turkey: offers on the market
Demand for secondary real estate in the country is growing every year. Buying a home in Turkey is a profitable investment. The local market is quite diverse and is represented by a huge number of offers of secondary housing in coastal areas (one-room and two-room apartments, luxury apartments, studios, economy class apartments), and its cost depends on the region, condition (renovation) and type of construction.
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.
When renting apartments in the above cities, owners will be able to receive up to 6% per annum.
The most popular resorts in Turkey are Side, Belek, Marmaris, Antalya, Kemer, Alanya, Bodrum, Fethiye. Housing by the sea is a great investment option. The cost of an apartment in the resorts is the highest in the country. However, here you can find affordable and cheap apartments in Turkey. If you want to buy an apartment in Turkey for rent and profit in a resort town, remember that Alanya is the cheapest resale in this region.
Website for buying and selling apartments in Turkey
The GEOLN.COM real estate website with a convenient search interface helps investors to find and buy apartments in Turkey without intermediaries, thanks to which you can quickly and easily select apartments according to the required parameters, take advantage of expert advice. The catalog contains verified objects of the city from the owners.
The cost of an apartment in Turkey
The average cost per square meter of housing in Turkish cities:
- Istanbul - 406 euros (the price is one of the highest in Turkey). The average cost of an apartment is 46,690 euros. Below prices for apartments - in the Esenyurt area. Inexpensive studios in Esenyurt can be found for 23,600 thousand euros;
- Ankara - 195 euros. A two-room apartment will cost from 24 thousand euros;
- Izmir - 354 euros. Studios up to 25 sq.m. in the building of the 90s can be found at a bargain price from 18,500 thousand euros.
The average price of an apartment in the resort cities of Turkey (per square meter):
- the province of Antalya (the cities of Antalya, Alanya, Side, Kemer) - 348 euros, the average cost of apartments - 42 thousand euros;
- Mugla province (resorts of Bodrum, Fethiye, Marmaris) - 724 euros, the average price of apartments - 90 thousand euros.
Acquisition of an apartment in Turkey: procedure and nuances of investment
By becoming the owner of an apartment in one of the Turkish cities, foreigners get the opportunity to obtain a residence permit for a period of one year (a purchase in the amount of 400 thousand dollars allows you to obtain citizenship of the Republic of Turkey).
An obvious advantage of buying an apartment on the secondary market is also the cost of buying and selling an apartment, which is lower compared to the European market: taxes and interest on the purchase of housing rarely exceed 5% in total.
Before buying (especially remotely), we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the house. We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out high-quality selection of an apartment according to individual parameters. The purchase and sale of apartments in Turkey is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a home in Turkey is a profitable investment that guarantees income from renting the property out, the opportunity to live and relax in a mild climate, among the picturesque nature of the Mediterranean coast in a country with the highest quality of local infrastructure, affordable prices and an abundance of cultural monuments.
Apartment prices in Turkey
| City | Price from |
|---|---|
| Alanya | 62,000$ |
| Antalya | 89,700$ |
| Bodrum | 700,000$ |
| Fethiye | 210,000$ |
| Gazipasa | 75,000$ |
| Istanbul | 60,000$ |
| Izmir | 29,500$ |
| Kusadasi | 80,000$ |
| Mahmutlar | 50,000$ |
| Mersin | 92,000$ |