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Turkey is a beautiful exotic country with many perks for people who invest in property. Today we are going to discuss the difference between a certain city and what value it beholds in respect of one another when it comes to buying property. Investing in Turkey doesn’t mean that every city is worth it and will bear fruit in the future in the shape of profits and high rental value.
But it also depends on the reason for investing, not everyone wants to rent out their property or resell later on because some people have it in mind that they can have a summer home in another country and have a nice place to come to for vacations of their own. So let us discuss these various reasons and where should that certain person invest when it comes to buying property in Turkey!
Some people who have the extra budget on their hands and like to spend their summers in a nice villa or home near the beach consider an option to buy a property in a nice country abroad. Buying a property in Turkey as a summer home can be just the right word for it and it depends on how much you are willing to spend on a home that might not give you the right amount of profit back.
Summer homes are usually not in the up-and-coming areas because they are located in cities like Antalya or Bodrum, maybe even far Asian sides of Istanbul. Are these areas worth investing in? Will you get a good appreciation out of it in the future? You never know but the chances for it are quite less. This is why if you want to buy a property in turkey as a summer home and you don’t worry about it as a good investment then you are good to buy it anywhere in Turkey.
There are certain people who want to place their investment by deeply thinking into it, they want to invest in return for a good appreciation in the shape of high profit or rental value. This can take time but they are willing to take a chance to wait and reap the fruit in the future.
They are people who want to buy a home as a residence and move their families into it and the country itself or they want to resell it after some time. For this kind of purchase, our professional consultants have proved the theory that buying a property in Turkey for good investment should be in Istanbul.
As Istanbul is now a huge province instead of just a city in turkey, its blooming market has proved to be a vital place for the right amount of budget coming from foreign and local investors. You wouldn’t want to take a chance by compromising your hard-earned money on some property in a small tourist city where it will never give you a good return.
Now comes the most important reason to invest in Turkey. If you want a Turkish passport and want to invest 250,000 USD in property then that’s where you need proper guidance the most.
Now you will think about where to buy property worth this much amount in Turkey? Either way, you will be getting your passport but it matters where you are investing this kind of amount. You will need deep thorough research for it but also a great company that has professional consultants like; Bigist Invest to help you figure that out.
Istanbul is the only city for now that has the most developed real estate market with booming profits and at the same time, it has all the life you need if you want to move. You can get your children to study in nice private universities and international schools, you will have the perks of receiving the best healthcare, and there will be a lot of business opportunities and what not?
At the same time, you can travel to over 115 countries visa-free and you can resell your property after 3 years of getting the passport, in that time you can get double the amount you invested back.
Now saying that Istanbul is the only city for you is not our point, it’s going to be your choice where to invest and what reason you have for it. There are many good cities in turkey where foreigners are actually buying homes and they find it settling. It totally depends on your mindset, the culture and people you like the most to live around, and your budget because if you are looking for a cheaper option to invest and just have a home in a country abroad that’s also possible in cities other than Istanbul. The cities worth investing in are:
Firstly we are mentioning Istanbul, as it is the most popular city for foreign investments in property and thousands of people have bought their homes of many nationalities here till now. They have received great prices in a few years for their homes and have earned double or even triple the money that they actually invested. This is why Istanbul will always be the number one choice because of its amazing development going on from public transportation lines to education and to their diverse neighborhoods.
As Ankara is the capital of Turkey, people often get attracted to this city to buy a home here. It’s the city where the founder of Turkey Mustafa Kamal Ataturk also rest in peace and it’s a city filled with historical landmarks and at the same time wonderful shopping sites and restaurants. You can have a great working ethic there as it’s a busy marketplace all the time over there. It’s like the city never sleeps and as there are not many tropical places like beaches and seashores to visit so people go to other cities around the Anatolian province on weekends.
The most popular tourist attraction of turkey is its beaches, weather, food, and ambiance which Antalya has to offer the most. This is why if people want a beach house or a summer home they want it here in Antalya and as you can reach Istanbul from Antalya in just an hour or two flights, it is a great investment place. Many European and Asian people are popularly buying properties here and including the city center of Antalya as well. One of the best beaches, resorts, nightlife areas are here and this is why if you want a place Antalya can be your choice.
So Bursa is not the first choice of every investor but it’s not the last one either. Properties are quite cheap here and some people from the middle-east actually like to come there and settle down as it’s a trading place and culture is relatively more Turkish than European. There are many fun activities for you to avail yourself of during winters as there is a famous ski resort there and it is covered with white fluffy snow all winters for cold lovers to enjoy.
If you love yourself in a tropical city filled with secret beaches, fun-filled voyage spots, and a peaceful vibe then Fethiye is your go-to city for buying a property. So if you only want a nice chilling home for yourself in this kind of city then it will be all fun and games but you won’t be expecting a lot of property appreciation here as real estate is not at all what this city is about. It attracts ex-pats and tourists for a great vacation, so you might be able to rent out your home to tourists or hand it over to a good caretaker so they can arrange parties and activities in it all year round for you to get some profit out of it. Otherwise, the home can be your resting spot whenever you come to the city.
We hope this blog has helped you figure out where you want to buy your property in Turkey and for which relative reason. This context is all about guiding you about the right place coming straight from experts who are Turkish themselves and know the country inside out. If you have any other questions you can fill your inquiry to reach our representatives now!