Buying an apartment in Turkey is easier than ever. Foreign investment in Turkey’s real estate market has recently gained traction, attracting growing interest. Straddling Asia and Europe, Turkey has captured the attention of investors in recent years. Under Turkish law, foreign citizens face no restrictions when purchasing apartments. Iraqi, Iranian, Kuwaiti, Russian, and Saudi Arabian nationals are among those who commonly choose Turkey for apartment purchases. When you buy an apartment worth at least $400,000 or multiple apartments totalling more than $400,000, you are eligible to apply for Turkish citizenship.
Investing in Turkey’s real estate sector, which has seen an increase in value due to advancements in the country’s infrastructure and social welfare, is becoming highly profitable. For foreign buyers, purchasing an apartment in the country has never been easier. Here we will briefly outline the buying process and answers any related questions.
Finding the Right Apartment in the Right City
At Ideal Estates, after carefully evaluating your needs and budget, we initiate the search for apartments that fit your criteria. To find the ideal apartment in Turkey, the first step is to select a city. Alanya stands out as the best option for real estate, with its charming climate, and golden beaches along the Mediterranean coast.
The primary reason for foreign investors to choose Turkey is its affordable apartment prices and short appreciation period. Appreciation period is a crucial factor that investors consider while purchasing apartments, and in Turkey, it ranges from 10-20 years. With Turkey’s continuous development, the value of apartments increases faster. Turkey offers a rich and diverse environment with its cosmopolitan culture and natural resources, including all four seasons. Buying an apartment in Turkey also grants citizenship rights, which provides benefits for both investors and foreigners who wish to reside in the country.