Turkish real estate provides a conundrum to foreign buyers. The home market is in decline, as overinvestment and a weaker economy hurt both costs and transactions, but it remains a popular market for foreign investors. Focus on areas that have a history of visitor development over the years to ensure you buy a deal with high return potential. You'll see much greater, smaller level developments and also a good resale market. For example, Istanbul has gained great popularity with both Turkish and foreign tourists. This effectively hedges your bet because you are not reliant on a single nationality.

The Benefits of Buying a Home in Turkey

The Turkish government is taking steps to increase the attractiveness of the foreign investment. The price of the Golden Visa program, for example, has been reduced from $1 million to $250,000. This, along with the relaxation of some restrictions and lower purchasing costs, has helped improve foreign investor numbers and bring in new supplies of buyers; Iranians, as well as African, Gulf, and Asian buyers, are now very prominent buyers. Despite a stagnant home economy, total foreign buying increased by 80% in 2017.

Turkey's cost of living is also low. When making comparisons, Turkey is on average 50% less expensive - but 60% less expensive when dining out! Results from Turk Stat, Turkey's statistical information center, can be used to determine the current performance status. They claim that in July 2021, despite domestic sales slowing due to high lending rates, 4,495 residences were sold to outsiders, a 64 percent increase year on year. Istanbul was Turkey's most populous province.

Istanbul is the leading city in Turkey for both domestic and international property sales. If you're looking for a mid-to-long-term investment, neighborhoods on the European side offer a lot of capital growth potential. Notwithstanding not being the country's capital, Istanbul is an economic powerhouse with the most active real estate market.

To learn more about real estate in Turkey, navigate our portfolio of residences and villas for sale in a variety of locations, including Istanbul. Each listing includes the price, placement, and home features, as well as contact information for more information via email or to schedule a viewing

Frequently Asked Question

What do foreign buyers face with Turkish real estate?
Foreign buyers face a conundrum when it comes to Turkish real estate. The domestic market is in decrease, as overinvestment and a weaker economy traumatize both prices and transactions, but it continues to be a popular market for foreign investors.
Turkish real estate in Istanbul?
Istanbul is Turkey's leading city for both domestic and international real estate sales. If you're searching for a mid-to-long-term investment, European neighborhoods have a lot of capital growth potential.
What are the prices?
The cost of living in Turkey is also low. When comparing prices, Turkey is 50% less expensive on average - but 60% less expensive when dining out! The current performance status can be determined using data from Turk Stat, Turkey's statistical information center.