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BENEFITS OF BUYING PROPERTY IN TURKEY

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BENEFITS OF BUYING PROPERTY IN TURKEY

BENEFITS OF BUYING  PROPERTY IN TURKEY

1 – VALUE FOR THE MONEY

2 – FREEHOLD OWNERSHIP

3 – RESIDENCY & CITIZENSHIP

4 – MULTİCULTURAL ENVIRONMENT

5 – COST OF LIVING

6 – TRADİTİONAL WELCOMING ENVIRONMENT

7 – WHERE EAST MEETS WEST

8 – RICH HISTORY

9 – GREAT RENTAL PROSPECT

10 – ENJOY 4 SEASONS

11 – QUICK & EASY FINANCE SOLUTIONS

12 – SOLID AND RELIABLE INVESTMENT

13 – FAST & EASY OWNERSHIP PROCESS


You are about to read these lines because you are probably seriously considering buying a property in Turkey, or maybe just comparing it with another location and want to make sure that you are making the right decision. Whether for holidaying, or just for investment, if the idea of buying a property in Turkey ever crossed your mind, no matter if you are familiar with this country or not, many questions definitely will or already have aroused.

No panic, this blog will help you to answer most of them, or at the very least give you some true and reliable concrete facts about much of your questions that stayed in the shadows.

So, here is our list of benefits of buying a property in Turkey and why it would make sense to seriously consider the purchase.




1 – BEST VALUE FOR THE MONEY

This is probably one of the strongest advantages of buying a property in Turkey, and one that should be considered primarily when considering buying any property.

Do you get a good value for your money?

The definition of a good value surely changes from one person to another, and what can be considered as a good value may be of no value for someone else. However, the question is: except the few exceptions, do you feel like the great majority of the offers that are coming your way have a good value for the money you pay from it? If the answer is YES, than you are in the right place.

Turkey has a great and expanding range of properties good for all budgets, and a particularly good quality understanding at a reasonable price, which allows properties for all budgets to come with solid standards and very competitive price tags.


2 – FREEHOLD OWNERSHIP

When buying a property, you are NOT buying a share in the property, or take over the lease of it, or just rent it for XX years from the local government.

Whenever you buy a property in Turkey, you buy the whole property and get the full ownership of it!

So what does that mean concretely?

The first thing you should know is that laws and regulations regarding buying a property DO NOT differ whether if you are Turkish or not. Same rules and laws apply for anyone buying a property in Turkey.

So now that you own a property in Turkey, you and/or those with whom you share its ownership (might be your wife, kids or business partner) have full rights on it until you either sell it.

As a last note, when buying a property in Turkey, you do not only buy a property, but also gets ownership, or in better words, a share on the land where the complex has been built.


3 – RESIDENCY & CITIZENSHIP

One of the fastest and safest ways to secure a permanent residency in Turkey is through owning a property.

Current laws allow anyone owning a property (i.e those whose name has been registered to the title deed a.k.a TAPU in Turkish) to apply for a permanent residency. This right given applies not only to the person(s) whose name is on the title deed, but also family comprising wife and kids.


4 – MULTICULTURAL ENVIRONMENT

Unlike many European resorts known for their environment appreciated mostly by one major type of homebuyers, Turkey is the meeting point of several different cultures. In most, not to say all popular locations appreciated by international property buyers, the living environment consists of a neighborhood built on many different cultures living harmoniously together.


5 – COST OF LIVING

When it comes in enjoying pretty much all aspects of life, from breakfast at a cozy restaurant near the sea, to diner in a 5 restaurant, from day to day grocery shopping to regular fun shopping, it goes without saying that Turkey offers a comparative advantage when it comes in living comfortably on a budget.


6 – WHERE EAST MEETS WEST

Many books and guides about Turkey starts with the same old adage: Turkey is a bridge where east and west meets. No need to try to find a better definition to what Turkey truly is.Turkey is truly a meeting point of different cultures where everyone can either discover a new culture, but also find much common point with their culture.


7 – TRADITIONAL WELCOMING CULTURE

Anyone who has visited Turkey should remember that cup of tea offered out of nowhere when shopping, or that lunch ordered with persistence without which your host wont let you go J Well that’s all part of the welcoming culture of Turkish people who enjoy greatly sharing what they have with people from a different culture and use it as a way to get to know each other.


8 – RICH HISTORY

From Troy to the Ottoman Empire, if there is something Turkey has to offer to all history enthusiasts, it is certainly it’s rich history. Thanks to its geographical position, Turkey has been home to many cultures throughout history, and each part of it, no matter if its north or south, east or west offers a glimpse of history.


9 – GREAT RENTAL PROSPECT

In an era where touristic trends are changing and where more and more people are seeking for the opportunity to find that ideal property to rent for their holidays, Turkey has certainly already taken its comparatively advantageous position among them. Properties for rent to holiday makers get booked early in the season and guarantees a satisfying income for all property owners.

It goes also without saying that a strong local demand is also a point to consider and the mass of young Turkish people looking for an apartment to rent is also a strong income generator.


10 – ENJOY 4 SEASONS

Turkey, unlike many western countries, is still among the few places where all seasons may be fully enjoyed all year round. Whether its summer or winter, fall or spring, each season is strongly lived in all parts of Turkey. It goes without saying that, no matter if you are a summer person, or rather prefer cold days, you can bet that one part of Turkey is definitely a place for you.


11 – QUICK AND EASY FINANCE SOLUTIONS

Turkey has strong financial institutions and finding the right financing solution, which will help you to purchase your ideal property, is easy to reach and fast to finalize. Unlike many western countries, where a mass of paperwork is involved and a stressful waiting time is necessary, the same process is Turkey takes just about a few days and, depending on your income and financial statements, almost always guaranteed to be finalized on your favor.


12 – SOLID AND RELIABLE INVESTMENT

Buying a property in Turkey comes with many advantages all at once, but if a list should be made, the fact that it offers a reliable investment environment, and guarantees the rights acquired by owning a property by law makes the difference with many other locations.


13 – FAST & EASY OWNERSHIP

Owning a property in Turkey for foreigners is subject to the exact same laws and regulations given to locals. In other words, owning a property, and the procedure to own it is just a matter of few days. What better than knowing that the ownership of your ideal property in Turkey is just a day or two far from realisation.


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ABOUT THE AUTHOR

TOLGA OZCAN

TOLGA OZCAN is the Co founder of Capitol Estate. Follow him on Twitter or Facebook, subscribe to our blog and be first to read when he posts a new article in the blog.

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