Many people are considering investing in different countries for various reasons. One of the wisest options to invest in as a foreigner would be Turkey. There should be many things to consider while investing in real estate in other countries, and Turkey has many options to provide you the best ones. The variety, the cost range, and the currency can be the main predictors of what makes a country good to invest in. As each day passes, more foreigners are choosing to invest in real estate in Turkey. You might be wondering what the benefits of are investing in real estate in Turkey, which will be discussed in detail in this article.
To invest in real estate in Turkey, you should have a good real estate agency that would help you through this process. As PropertyTR, we aspire to provide our clients the best possible options for their investment plans and goals. We are a knowledgeable team on real estate with more than ten years of experience, and we would be more than happy to company you during your investment journey.
Benefits of investing in real estate in Turkey
As an investor, one thing you should be concerned about while investing in real estate in Turkey would be your benefits. You should be knowledgeable about what can expect you as an investor and decide on your plans accordingly.
Explore more: Residence Permit and Citizenship Guide: Turkey Property
One benefit of real estate investment in Turkey would be the high-profit possibilities. The currency in Turkey is great for foreign investors since they would have too many Turkish liras with what they have in hand. This means that you can have years of rental income by real estate investment in Turkey. You can find properties with low prices, such as 25 thousand USD, which proves that you do not need to have millions of dollars to invest in real estate in a foreign country.
Explore the best and most profitable real estate investment in Turkey options!
Nature and location
Another profit of real estate investment in Turkey would be the nature and location. Turkey has so many natural wonders and a very strategic location. Some cities in Turkey have the perfect lifestyle and population to invest in real estate. You can invest in places that attract millions of tourists annually to maximize your rental income.
When it comes to real estate investment in Turkey, the possibilities are endless. There are all kinds of properties for every budget all around Turkey. This means that you can definitely find a good fit for your investment goals and even to live in. There are luxurious high-end properties, in addition to cheap and affordable properties.
Long-term investment goals
Real estate investment is one of the best ways to achieve your long-term investment goals if it is done wisely. The prices in Turkey can help you a lot to start small in real estate investment. Besides, the prices typically do not go lower in Turkey, meaning that the inflation will benefit you as a foreigner. This means that you can obtain a passive income that would be stick with you for years.
Turkish law states that those who purchased a property in Turkey can have a residence permit. If you plan to stay in Turkey for a long time, it would be very beneficial for you. Not all real estate investments are directly related to profit in the form of money. If you want to get a residence permit in Turkey, buying a property can be your real estate investment for yourself. Besides, if you stay in Turkey for a long time, a residence permit through buying property is a good idea since the property you bought can be a good passive income for you in the long term.
Another benefit of real estate investment in Turkey is that you can get Turkish citizenship through it. You do not necessarily have to give up on your first citizenship from whichever country. Turkey can be your second citizenship, or if you would like, your only citizenship. To have Turkish citizenship through real estate investment, you should purchase property that is worth 250 thousand USD. This does not need to be one single property. You can buy as many properties as you would like until you reach 250 thousand USD. Then, you will have the right to apply for Turkish citizenship. After all the necessary documents are given, you and your family can become Turkish citizens. This includes you, your spouse, and your children under 18.