Turkey is a place where two continents meet with its outstanding 8,000 kilometres of coastline, crystal clear seas and long summer. This lovely country offers you a good investment potential, a long rental season with low cost of living, rich culture and friendly people.
Turkey is good choice for investing abroad since its economy is growing steadily and inflation rate is at single digits. The European Customs Union Agreement and accession negotiations with EU attract foreign investment to this fascinating and dynamic market.
The most popular regions for overseas property in Turkey are Bodrum, Fethiye, Didim, Kusadasi, Dalaman, Gocek which are located in the Aegean part. In this area the temperature is about 30°C during summer and generally over 10°C during the winter. Istanbul is also a hot spot for investors and its popularity is increasing rapidly.
Overseas Property Demand
Property prices are increasing every year in Turkey due to the overseas property demand. Within past 5 years Turkey has become an overseas property market. Western EU citizens are making their overseas property investment in Turkey. New buyers are coming to the market for investment purposes. So far around 15,000 British buyers have bought properties in Turkey. South and Southwest of Turkey (Göcek, Fethiye, Kalkan, Bodrum, Didim, Dalaman, Kusadasi) are most popular areas. According to the latest independent resources; overseas buyers paid attention to Turkey for its natural beauties and holiday potential.
Good reasons to buy property in Turkey
Low cost of living which is between one fifth and one third of that in the UK.
Wonderful climate with over 300 sunny days a year.
8,000 kilometres of coastline with 140 blue flag beaches.
Rich historical and cultural heritage with delightful cuisine.
Easy access from UK, only 3,5 hours from London.
High quality property options at great prices and under market value.
Property prices are the equivalent of Spain’s in the mid-1980s.
Reasonably low property taxes.
Excellent economic growth: Turkey is among the top seven emerging economies.
Government investments are under way.
Huge capital appreciation potential due to high demand for property.
Good rental market: Good rental yields in big cities like Istanbul all year round and in coastal resorts during the holiday seasons.
New Turkish mortgage law allows foreigners to secure mortgages, which will further boost property prices.
ce your application is clarified by the Turkish Military, the estate agent or your lawyer will inform you to arrange a meeting in The Registry Office. According to Turkish law, it is compulsory that both parties -the buyer or his/her proxy and the vendor or his/her proxy- have to be present at the time of changing the name on the title deed. If this is not possible, either both parties could nominate a power of attorney as a person who can act on behalf of themselves declared by notary. A fee applies for this action for notary and translation. At this stage the rest of funds have to be paid.
