Turkey is a country rich in fascinating culture and breathtaking nature. You have probably heard about their world-class resorts. These days they offer a wide range of real estate options at affordable prices, both in economy and premium segments.
But before you decide to purchase Turkish property, evaluating all pros and cons of such a move is vital. So let’s take a look together at some of the most crucial facts:
- Foreigners in Turkey can be property owners without any limits and restrictions.
- Upon purchasing any real estate starting at $50,000, you immediately qualify for a Turkish residence permit with the possibility of obtaining citizenship within five years.
- You can immediately acquire citizenship by investing in real estate in Turkey starting at $250,000.
- Affordably priced properties are abundant. The prices start from $500 per square meter, depending on the location.
- Well-established tourism infrastructure and the popularity of Turkey among international tourists provide a 5% annual rental income.
- The steady growth in property prices and high demand contribute to an annual increase in rental income of 5%.