Own real estate in Turkey is not only an attractive place for a vacation, but also a good investment in your own comfortable future. We tell you about the advantages and profitability of owning your own property in Turkey

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Every year more and more foreign citizens visit Turkey with the purpose of acquiring their own housing. The growing flow of tourists and emigrants seeking to improve the comfort of living creates a significant demand for renting Turkish apartments. And their own real estate provides an ideal opportunity for owners to enjoy the beauty of resorts in Turkey during the holidays, and the rest of the time to receive a stable passive income.

On the prospects that opens a dynamically developing real estate market in Turkey - read further in the article.

What Turkey attracts expats?

Turkey has long earned a reputation as one of the most attractive destinations for buying real estate among foreign citizens. 

The country, located at the crossroads of Europe and Asia, offers a unique combination of rich culture, diverse climate, beautiful scenery and affordable prices. 

First of all, Turkey attracts its favorable climate and diverse nature. The Mediterranean coastline with its long sandy beaches and clear waters is ideal for those who dream of living by the sea. 

In addition, Turkish culture and hospitality make this country a particularly attractive place to live. The rich cultural heritage, numerous festivals and traditional events create a unique atmosphere where everyone will find something to enjoy.

Turkey is visited by 45 million people annually, making it one of the most popular tourist destinations. 

Compared to many European countries, the cost of living in Turkey is relatively low. This applies to both food and housing, making the country attractive to expats who want to live comfortably without spending a lot of money.

The construction and real estate sector in Turkey offers investors luxurious and modern options. Most new residences are equipped with smart home technology and also have luxury swimming pools, spas and gyms. 

Foreigners invest in real estate here to have a vacation home, and the rest of the time receive a stable income from rental properties.

Advantages of buying a home in Turkey

The Turkish government actively supports foreign investors, offering favorable conditions for buying real estate. The process of purchasing housing for foreigners is simplified and transparent, which makes it affordable and safe. 

The real estate market in Turkey is showing steady growth. And the high demand for rental housing, especially in popular resort areas, guarantees a stable income and a quick return on investment.

The purchase of real estate in Turkey also has such advantages:

1. Residence permit for property owners

Turkey gives the right to obtain a residence permit for investors who buy real estate in Turkey worth $ 200,000 or more.

The residence permit applies to all family members and children can receive Turkish education. 

2. Passive income potential  

In addition to the country's natural and cultural beauty, affordable real estate is another reason why most investors choose Turkey.

The country's thriving tourism industry and growing demand for housing create a steady source of income for property owners. For example, foreign investors can earn passive income by renting out their apartments. 

3. Citizenship through investment 

One of the most attractive ways of acquiring Turkish citizenship is through investment. This way not only provides convenience and speed of the process of obtaining a passport, but also provides a wide range of options for investment. 

Buying real estate remains the most popular choice for 90% of applicants to the Turkish citizenship program. 

Turkish citizens enjoy visa-free entry or visa on arrival to many countries, as well as access to quality healthcare and education.

The pros and returns of investing in real estate in Turkey

Owning your own home in Turkey not only provides a comfortable living in one of the most beautiful and culturally rich countries in the world, but also offers great opportunities for financial growth. 

Whether you are looking for a place to relax or a profitable investment, Turkey offers the ideal conditions to realize these goals.

Owning your own home in Turkey not only ensures a comfortable stay in one of the most beautiful and culturally rich countries in the world, but also offers great opportunities for financial growth. 

Investing in real estate in Turkey can be a profitable venture for several reasons:

1. Rising real estate prices.

Real estate prices are steadily rising, especially in major cities and popular resort areas, making the purchase a promising investment. 

Economic recovery, urbanization and infrastructure development increase the value of housing, creating conditions for increased investment.

2. High rental yields.

High rental yields are ensured by a constant tourist flow. Tourist popular regions such as Antalya, Bodrum and Izmir attract a large number of tourists all year round, which guarantees a stable income from short-term rentals.

In major cities there is also a demand for long-term rentals from students and families, which provides additional passive income.

3. Diversification of the investment portfolio.

Investors can confidently reduce the risk of loss due to market volatility by diversifying their portfolios across different asset classes and locations. 

In addition, investing in real estate in Turkey provides access to a market with opportunities for growth and profitability. 

Which properties are worth investing in?

Turkey offers a wide range of accommodation, including small studio apartments and luxury villas. Apartments located in coastal areas are particularly popular with investors.

One attractive investment destination is business class apartments in Antalya. 

As a major tourist center, the city offers a developed infrastructure and numerous attractions, providing the potential for rental yields and growth in property values.

Favorable offers of apartments in the heart of Antalya:

ANTA HOME NEON:

- Business class complex on the main tourist street of the city.

- Apartments 2+1, view penthouses, area from 72 m².

- Cost from 130 000 €.

- Located just 3 minutes from the beaches and historical sights.

- Estimated payback on daily rentals - 9.8% per annum.

HASAN BEY RESIDENCE:

- Business class apartments starting from 53 m².

- Modern design: 1 bedroom, living room with kitchen, bathroom with toilet.

- Duplex 3+1 from 130 m².

- Investment from 145 000 €.

- Located in close proximity to the Mediterranean Sea and major attractions

- Estimated return on investment for daily rentals - 9.8% per annum.

HMG GOLD RESIDENCE:

- Comfort class apartments in the historical center of Antalya.

- The layout is 2+1 with balconies, 20 apartments in total.

- Area 72 m², price from 170 000 €.

- Unique location: just 3 minutes from the Mediterranean Sea.

- Estimated return on investment for daily rentals - 9.8% per annum.

These projects have been developed by a reliable international developer Antagroup, guaranteeing high quality construction. By investing in these offers, you not only provide yourself with reliable housing, but also open the door to profitable investments in Turkish real estate.

You can find more offers, current prices and competent advice on purchasing real estate from the developer AntaGroup by clicking here. 

Daria Rogova - Head of Insurance at Visit World

To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.

Products from Visit World for a comfortable trip:

Checklist for obtaining a visa and necessary documents in Turkey;

Legal advice on immigration in Turkey;

Insurance for residence permit in Turkey.

More articles on the topic: 

Real estate in Turkey - is it still an attractive investment destination in 2024?

Tourist real estate: prospects and opportunities for investors.