Obviously, we all are worried about the costs and benefits of any decision in our lives. Buying a house in a Turkey or any foreign country is no exception! You are definitely right in being extra careful when weighing your costs and benefits. With financial decisions such as buying a real property, you should be extra careful. In this post, you can find all the answers to why buy a house in Turkey. At first, having more information about Turkey might ease your concerns. In this case, we suggest you read our article about this topic: Quick Facts about Turkey
You should perhaps more than double your ordinary investigation effort to avoid any losses and maximize your return on investment (ROI) in buying a real estate.
Your main costs in buying a home are;
- The initial dollar costs,
- Potential maintenance costs and
- The risks of owning a property.
Your major benefits will be;
- The title of your dream home,
- Increases in real estate prices (capital gains) and
- Rental revenue or opportunity cost of the house if you live in it.
Developed Real Estate Market
Turkey has a very developed real estate market with reliable real estate developers and realtors to rely on. However, there are, swindlers, frauds, scams and people with an ill that you should avoid as a potential buyer. Thus, it is best if you exercise due care in your initial search. This will help you find reliable realtors and solicitors who will help you avoid any potential frauds, scams and rip offs. In case you wanna know more about this issue, read: How Can You Avoid Fraud & Scam While Buying a Property?
Plenty of Choices
Buying real estate in Turkey and applying for Turkish citizenship are both much easier than you may imagine. We are answering any of your questions about obtaining Turkish citizenship through real estate investment.
Turkish construction companies are well-known for developing a wide range of real estate alternatives to satisfy a wide range of demands. As a potential estate buyer, this provides you with a variety of property alternatives to choose from. To put it another way, having a variety of alternatives means no one will pressurize you to rush things without your will. With this in mind, you may always choose an appropriate housing alternative that is free of obligations at your pace. There is no need to be concerned about fraud if you practice proper caution and vigilance regularly. You can always inquire about your realtor or solicitor to build trust.
Always apply safety measures
You may have influence over the purchase process once you’ve established confidence with your realtor. Always consider scheduling physical or virtual tours in the areas where the real estate you’re interested in is located.
You can also request for measures to protect your property title deed’s ultimate transfer. Make sure the property is free of liens, encumbrances, and mortgages. It might be a display of real estate choices. It might also be a representation of a neighborhood. The topic may be how to choose the best property for your requirements. You might also be in the middle of transferring a property title deed. Alternatively, you may want assistance with your settlement on the property. Counseling may be necessary while applying for Turkish citizenship. Every step of the process, your realtor will be there for you.
Turkish real estate market is historically the worlds market with highest returns as of 2021 Q2 per OECD data, which gives you your first reason to buy a house in Turkey.
To find more about this topic, you can read our article: Is It Profitable to Buy a House in Turkey?
The right to apply for Turkish Citizenship of course is the second important reason to invest in a Turkish real estate. Inves a minimum real property investment of $250.000. After that, you will be able to apply for Turkish Citizenship for you and your family. If you apply for Turkish Citizenship, you will not able to sell your property for three years. And this situation will be inscribed into the title registration journal as a lien.
To emphasize, there is more to why you should invest in real estate in Turkey. To that end, please read our article about “Turkish Citizenship by Real Estate Investment”
You may always ask for a professional opinion
You might like to learn more about how to get Turkish citizenship by real estate investment. In this case, request an initial consultation in person or online by WhatsApp, e-mail or by sending a message on our website.