Should I buy an apartment in Turkey?

Buying a property in Turkey - is it worth the investment? This question probably asked anyone who thought about how to buy an apartment in Alanya or Antalya. 
And really, how profitable will such an investment be? Let's figure it out together.

Apartment in Turkey for personal use
If you plan to buy property by the sea to come to your house, as a cottage, then Turkey, in particular Alanya, for this is the best option.

• In Alanya, the swimming season lasts more than 7 months a year. Isn't it paradise? In addition, the winters here are warm enough to run here from the bitter cold.
• In Alanya, a great ecology. There are no industrial enterprises, few cars, and the sea air perfectly strengthens the immune system.
• Visa-free regime. In Turkey, foreigners, without applying for a visa, can rest 90 days out of 180. And this means a total of almost half a year. But it is possible to stay in the country without a break from 30 to 90 days (depending on the country of which you are a tourist)

In addition, if you are planning to relocate for permanent residence in Turkey, buying an apartment on the Mediterranean coast is the best option. 
Firstly, property owners in Turkey can easily issue a residence permit not only for themselves, but also for their families. 
Secondly, property owners in Turkey after 5 years of permanent residence in the country can apply for citizenship. And when buying an apartment worth more than $ 250,000, you can instantly apply for becoming a Turkish citizen.

Buying a property in Turkey is a good investment.
Turkish real estate is increasingly popular with foreigners. 
According to statistics, the past 2018 in terms of sales of apartments and villas has also been extremely successful. 
More than 1,378,000 purchase and sale transactions were executed. At the same time, foreigners purchased almost 40,000 apartments and villas on the coast and in Istanbul, as well as in other cities of Turkey. And of course, the most popular were Istanbul and the Antalya coast. 
In general, property prices in Turkey are constantly growing. And every year, apartments and villas add in value about 12-15%, which is significantly higher than the rates on bank deposits. 
In addition, real estate in Turkey can be leased, while receiving a good passive income.
For example, in the season 2019 rental prices start at 500 euros per month. And apartments near the sea in the city center are valued at more than 1000 euros. Agree, a good profit, even if the apartment will give 5-6 months a year. 
In fact, having an apartment in Turkey in the property, you can earn both on the rise in real estate prices and on renting it out.

Low cost of maintenance of real estate
Compared with European countries in Turkey are very low taxes, and in general spending on the maintenance of real estate. 
So in the South Republic the annual payment to the treasury for the maintenance of real estate is on average 0.1 - 0.3%. For comparison, in Greece this figure is almost 0.5%, and in Spain it can reach 3%. Moreover, in Turkey there are rather low prices for utilities compared to other countries. So payments for water and light per month rarely exceed the amount of $ 50. Even in the case when you have to use air conditioning. It is about the 
apartment 1 + 1.

Favorable conditions for the purchase
If you buy property in Turkey from the developer, especially in a complex under construction, you can get housing on very favorable terms. 
For example, some facilities are offered interest-free installments for several years. In this case, you can enter the apartment before making the last payment. Which is very convenient, because you do not have to wait at all. 
In addition, Turkey easily draws loans to foreigners. Moreover, loans are issued much easier than nationals of the Turkish Republic. Therefore, if you do not have enough money, the missing amount can always be borrowed.
Of course, planning to buy property in Turkey, everyone should weigh all the pros and cons. But if you want to properly invest your money, relax by the sea and receive passive income, then welcome to maxhomeinvest. We will select for you the best apartment option in Alanya for holidays and for permanent residence.

Author: