Property for Sale in Turkey
When people begin looking to buy or invest in property in places like France, Italy and Spain they soon find out that the costs of homes and apartments are out of control and much too expensive to reside in or use as investment property. Because of this, Turkey has become an increasingly popular place to purchase homes,villas and apartments in Turkey . The southwest coastal area offers a magnificent view and thanks to additional airlines coming onboard, the area is becoming easier to reach. There are flights available directly to Turkey on a non-stop basis making it an accessible location.
There are many attractions to take in and with its solid economy and perfect climate; Turkey property has taken the lead. This country is home to historical ruins that still draw in tourists. This makes for a great place to invest in and make your money back by renting it out to eager vacationers.
But there are other good reasons why more and more people, especially those who reside in Britain, are seeking out property for sale in Turkey.
Why Buy Property in Turkey?
Aside from the view, the prices for property in Turkey are less than those in England, France and Spain. The area hasn’t even begun to tap its potential so there is still plenty of property to go around. Not having to deal in Euros and a cost of living that is more than 50 percent less than the UK has encouraged 35,000 British residents to purchase real estate in Turkey. The multicultural area is host to Brits as well as Germans, and more and more people from the Middle East. When the prices in Spain caused it to reach its peak, tourists began to migrate to Turkey because of its warmer weather and affordable prices. With additional flights directly to Turkey, it’s easier to access this historical and scenic area. The local cuisine is delicious and the Turkish residents are ready to welcome you with open arms.
Where to buy a holiday home in Turkey?
Buying a holiday home in Turkey
Turkey offers a wide variety of vacation homes for sale on the Aegean and the Mediterranean coast. Buying a holiday home in Turkey will provide the comfort of having a real home during your holidays. It can be a good investment as well if you wish to let it out during the times you're not using it. Our company Turkey Expert provides full property management services so you can enjoy the rental return without any hassle.
Vacation homes on the Aegean coast, Turkey
On the Aegean coast, Kusadasi is the most popular location. It’s possible to find a variety of properties for every taste with attractive prices. The third biggest city Izmir is located within a 1-hour driving distance. With many restaurants, cafes and touristic activities, it’s an ideal location for buying a holiday home in Turkey.
Homes for sale on the Mediterranean coast Turkey
Antalya and Alanya are the most popular destinations on the Mediterranean coast of Turkey. With the large size international airport and matured tourism industry, both destinations are ideal for purchasing a vacation home in Turkey.
How difficult is the property purchase process in Turkey?
Foreign ownership in Turkey is ruled by the reciprocity principle. Citizens of countries that allow Turkish citizens or legal entities to own property in their country are allowed to acquire property in Turkey. Citizens of most EU countries (except for Belgium, Cyprus, Czech Republic and Slovakia), the United States, Canada and other countries in Asia, Latin America and Africa can freely purchase properties in Turkey.
Foreign nationals also face restrictions on acquiring properties within municipal areas with less than 2000 registered inhabitants (article 87 of Village Act).Foreigners are also not allowed to purchase properties in the confines of military zones (Military Prohibited and Security Areas Act).
On 07 January 2006, a new law was enacted which put a limit to the amount of land that a foreigner can purchase. Foreigners are allowed to acquire a maximum of 30 hectares (74 acres) of real estate. Any piece of land exceeding 30 hectares requires a permit from the Turkish authorities.
