How to successfully buy real estate in Turkey: expert tips

From January to May 2022, Russians purchased 3962 properties in Turkey. This year, like the previous one, our compatriots are leading among foreign investors, surpassing Iran and Iraq. The share of Russian citizens in the first half of 2022 accounted for about 15%. Kalinka Group experts have shared tips on how to choose property in Turkey successfully.

Why Russians are interested in Turkish villas and apartments

There are many advantages for buyers of property in Turkey:

• It is a country friendly to Russia, and our compatriots are always welcome here.
• It is possible to obtain citizenship by purchasing apartments or houses worth $400,000. Until April 2022, the minimum threshold was $250,000, but the government increased it by 60% due to high demand for housing in Turkey.
• Turkish citizenship allows obtaining a 5-year Schengen visa, as well as tourist and medical visas to the USA. Travel to more than 100 countries without a visa is available, including Japan, South Korea, and Singapore.
• There is a wide selection of apartments, flats, and villas - interesting investment properties with guaranteed profitability. Investments are highly profitable, with a quick return (about 6 years). There is a constant increase in rental income. The profit ranges from 1.8% to 4.8% per year, depending on the type of property and location.

Let's not forget about the convenient living conditions: mild climate, 4 seas, beaches and ski resorts, favorable environmental conditions, and a variety of fruits all year round.

Which city in Turkey to choose for property

The most popular destination is Istanbul. The constant trend is explained by its status as a business, tourism, and education center.

Real estate in Antalya is also in demand. Prestigious locations include Lara, Konialti, and Altintash. This is a profitable option for investors who purchase property for future rental purposes.

Another resort city is Alanya. Among foreign buyers, the districts of Mahmutlar, Kestel, Kargicak, and Avsallar are particularly popular.

For ski enthusiasts, Bursa is suitable. Demand for property here grows every year. The main buyers are residents of Middle Eastern countries. The reason is the shared traditions, culture, and cuisine.

Next to Bursa is Yalova. It takes an hour to get to Istanbul, so prices per square meter there are lower. It's a great option for buying property for those who prefer peace and quiet. Yalova also has famous thermal springs, so everyone goes there.

Another region is Bodrum. It's a place on the coast of the Aegean Sea. Another popular destination is Izmir and its famous resorts such as Alacati, Cesme, and Kusadasi.

How to choose real estate for investment

When choosing apartments and villas in Turkey, it is necessary to assess the factors that affect the liquidity of the property:

• Type of property. Considering the pandemic, many have appreciated the advantages of villas, so the demand for them has increased. The main advantages are space and distance from the noisy city center. Apartments in elite residential areas are also in demand. Their advantages are reliability and good infrastructure.
• Location. The price of real estate in Turkey is influenced by the district (city center or suburb), proximity to the sea, presence of mountains or landmarks nearby. Also, consider the availability of schools, kindergartens, hospitals, shopping centers, parks within walking distance, and transportation accessibility.
• Infrastructure. What we mean by that is parking, playgrounds, swimming pools, and a gym. It is possible to have a Turkish bath, spa. Security and surveillance will be a plus.
• Layout. Consider the area, number of rooms and bathrooms, presence of balconies, lodges, terraces, and the proper arrangement of rooms.
• Quality of finishing and building materials. Based on these, the developer determines the category of the lot.

Modern real estate in Turkey is residential complexes with well-thought-out infrastructure, where everything is ready for a comfortable life.

How to secure your investments in Turkish real estate

To minimize the risks when buying property, you need to:

• Study the market situation: what is in demand, what offers are available, what are the prices, interesting locations, and promising areas.
• Check the reliability of the owner and developer, reputation, and ratings.
• Review the documents, carefully read all the terms before signing the contract.

These important questions can be addressed independently, but in an unfamiliar country with different laws, it can be quite challenging. If necessary, you can seek professional advice. Contact the Kalinka Group company. Specialists will select liquid apartments, flats, villas in any region and take care of all the hassle of the transaction process. The company collaborates with top verified developers.