This article discusses the perks of investing in real estate for expats in Turkey whether or not they intend to stay permanently in the country.
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This article discusses the perks of investing in real estate for expats in Turkey whether or not they intend to stay permanently in the country.
Working in another country may be a necessity or a dream come true for expats, however, this does not change the fact that expatriates want a country that gives a quality way of life, affordable accommodation, good healthcare as well as a safe and friendly environment for themselves and in some cases; their families.
Turkey is an expat’s dream come true when it comes to a friendly climate, warm and accommodating people, picturesque landscape, mouth-watering cuisine, good healthcare and generally a favorable economy. If you’re considering working in Turkey then you need to look at property for sale in Turkey for expats to get the maximum experience out of the country.
Turkey is a wonderful place to live and work, whether as a native or as an expat, the government encourages foreign investors so buying a property is an added advantage for an expat, especially for one seeking dual citizenship. Living in Turkey allows you to enjoy the following:
1. Opportunity to earn through property purchased: Investing in real estate in Turkey helps you to tie down your monetary resources, you may not wish to live in Turkey but having a property in Turkey can help you to earn passively by renting out the property. If you purchase an apartment, for example, you can rent it out temporarily either to tourists or other people earning you passive income. You can also decide to resell the property after a while, real estate is known for its appreciating quality. After investing in real estate in Turkey, you do not have to live permanently in the country. Reselling the property can fetch you more than you purchased it, it may even be a retirement plan.
2. Citizenship through Investment: Another major opportunity available is a citizenship through investment program. This simply means that a foreigner in Turkey can apply for citizenship after investing a certain amount in the country. An individual may purchase government bonds, invest in tourism, start a business to create employment in the country or invest in real estate. The easiest to achieve is investing in real estate, once you have purchased a property or properties equal to or more than $400,000, you are eligible for citizenship through investment in Turkey. After being successfully granted a Turkish passport, the perks of being in the country increase. Being a citizen of Turkey has the following pros:
There’s a required period for the individual applying for citizenship to hold the property, after that you may or may not choose to retain ownership of the property. This means that you can return the investment after the holding period is over by selling it.
The real estate market in Turkey is relatively low-priced while its value keeps increasing. However, just like in any other country, there are cities or districts where real estate is costlier due to commercial advantages, proximity to certain places and so on. Other factors that may determine the price of a property include the number of rooms, the stage of construction or whether the property is new or not. Read more on the official website https://turk.estate/en/
Absolutely yes, Turkey is a tourist’s dream and having your own home in the country would be like living in a dream. With a low cost of living, good infrastructure and healthcare and so much more, investing in Turkey real estate is an opportunity you do not want to miss.
Are you aiming to invest in short-term rentals in Turkey? Start looking for the best rental markets where you can generate a nice income stream with the aid of an advanced analytic tool like Airbtics Dashboard.
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