Despite the difficult situation in the world, buying property in Turkey is still an actual investment option. You can learn more about the local housing market and whether it is now possible to buy a house profitably in Turkey.
The current situation in the housing market
A large housing market of apartments, houses, and villas helps Turkey rise in the international ranking of countries by gross product. The Turkish authorities are supporting the interest of foreign investors and ordinary home buyers with qualified initiatives. Amongthem:
- Obtaining citizenship for the purchase of housing for$250 thousand or more;
- A simplified scheme for a residence permit;
- Reduction of the mortgage lending rate.
The result of incentive programs in 2020 was the sale of real estate for $9.2 billion. By 2023, this figure should grow to $15 billion per year, and by the end of 2025 – to $20 billion.
During the unstable epidemiological situation, it became possible to conclude transactions remotely. The client does not need to come to the country, visit various housing units, and contact strangers – the agent will do everything for him.
Advantages of online real estate transactions:
- Save time;
- Online purchase is cheaper – you do not need to spend money on buying tickets, hotel reservations, translation services, etc.;
- Prompt conclusion of the transaction;
- Communication with the realtor and the owner/developer occurs at a convenient time, in a convenient place;
- Convenient tools for viewing housing.
Turkish property price forecast in the second half of 2021
Analysts give optimistic forecasts for buyers and investors in foreign real estate. The cost of Turkish apartments and houses will remain attractive. Despite the general recession, rising construction materials, and labor prices, the country will continue to mitigate the negative impact of the pandemic. In general, the market will be more stable, despite the local property price growth.
Examples of real estate
To successfully choose an apartment, you should analyze several factors: location, type of housing, overall quality of construction, layout, renovation, and other individual features.
For example, you can see the property in Antalya and Alanya. These are famous cities in Turkey with excellent conditions for life, leisure, and entertainment. Average prices for 1-room apartments are$80 thousand and more.
Assistance in purchasing a property in Turkey
Large apartments and villas from popular developers in Turkey on the official website https://turk.estate/en/. Get a free consultation from a Turkish real estate specialist to purchase housing as profitable as possible.