Can a foreigner buy cheap property in Turkey
It’s possible to find cheap property in Turkey for sale. If you don't have enough money for a luxury
property, It’s better to purchase real estate of the economy class. Some properties are still under
construction and objects that have already been done. It’s better to focus on the cheapest properties in tourist cities like Alanya, Antalya, Istanbul, Mersin, and so on. Their value increases faster. As a result, an investor can earn money from this. Moreover, the property can be easily rented to Turkish citizens or tourists.
How Much is Cheap Property in Turkey?
The cheapest real estate is in new residental complexes that are under construction. According to the
practice, it’s possible to buy 1+1 apartments
Why Buy Cheap Property in Turkey?
Cheap real estate purchasing can be profitable for several reasons in Turkey:
- Investment attractiveness. Turkey is a popular tourist destination, and buying property can bring stable rental income.
- Price growth. Property prices in Turkey are constantly increasing, so buying a cheap property can become a profitable investment in the future. According to official statistics, the annual price increase reaches 100%. Turkey is the only country with such an indicator. As a result, the owner could your money even if the price of the object will be low.
- Tax incentives. The Turkish government provides tax incentives for foreign owners. It can reduce the cost of buying property.
- Obtaining a residence permit. Buying property in Turkey allows foreigners to obtain a residence permit, which can be useful for living or doing business in the country. It’s necessary to know that there are some limits to the minimum amount for getting citizenship in compliance with the Golden Visa program.
- Infrastructure development. Turkish cities are actively developing. New residential complexes follow international building standards.
So, buying cheap property in Turkey can be a profitable investment or a convenient way to live in this
country. If you want to buy a new house in a good place and to get the safe deal, it is better to contact
Stay Property company. Specialists can offer you the object you need and will follow every step of the
The Best Place in Turkey to Buy Bargain Property?
If you are interested in cheap Turkish property, it will be better to focus on the following:
- Alanya. There are several new districts where you can purchase real estate during construction. These are Mahmutlar, Oba, Jikjilli, and so on. All modern residential complexes have a private territory and some services for owners.
- Antalya. It’s better to focus on new residential complexes too because they are cheaper during construction and their price will increase faster.
- Istambul. Here you can find several cheap districts that are focused on foreign investors.
- Mersin. The city is developing fast that’s why you could easily find a cheap villa or an apartment in compliance with your demands.
Sure, you can find some real estate in other cities too but these ones are the most popular among
foreign investors. Moreover, it will be easier to get a mortgage in a Turkish bank if you don’t have
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