Buying real estate abroad has long ceased to be the prerogative of only the wealthy. Buying an apartment in Turkey means investing in a country with a mild climate, developed infrastructure, and a stable economy. In Antalya, Alanya, and Istanbul, there is a growing demand for real estate, and prices are still affordable. Turkey attracts thousands of Russians, offering opportunities for recreation, investment, and even relocation.
Advantages of Buying an Apartment in Turkey
The country offers a unique combination of comfortable climate, affordable prices, and high liquidity of properties. Additional bonuses include simplified conditions for foreign buyers and the possibility of obtaining residency. Different regions of Turkey offer housing with distinctive advantages suitable for various purposes, whether it’s investment, leisure, or permanent residence.
Why Turkey is a Magnet for Investors
Here, there is a balance between quality and cost. Real estate prices are significantly lower than in Europe, while the country provides foreigners with simplified conditions for purchase. The city of Istanbul offers cultural diversity with UNESCO World Heritage sites, Antalya boasts warm seas and excellent Blue Flag beaches, and Alanya is famous for picturesque views and a comfortable living environment. Property prices in Turkey continue to rise, making a purchase a promising investment.
How to Profitably Purchase Real Estate with Mountain Views
Real estate in the mountainous regions of Turkey offers unique advantages. Housing here often features stunning views, tranquility, and proximity to nature. For example, apartments in the mountainous areas of Alanya start from 70,000 euros and offer a large living space. This option is ideal for those seeking seclusion but value the accessibility of infrastructure: supermarkets, schools, and parks.
Buying an apartment in Turkey in such a location is a profitable investment, considering the stable growth in prices for eco-friendly housing. When choosing a property, it is important to consider the prospects of its value — options with mountain views usually have high liquidity due to increasing demand.
Secondary Housing: Choosing Wisely
Verification of title documents, absence of debts, and consent of owners are key stages. Secondary housing in Turkey attracts those who want to avoid costs for repairs and move in immediately. For example, in Antalya, prices for secondary housing start from 40,000 euros for compact areas. However, legal verification helps avoid unpleasant surprises.
Step-by-Step Process: How to Buy an Apartment in Turkey
Purchasing real estate involves several stages, each of which requires careful consideration and understanding of the process. Knowing the sequence of actions helps avoid mistakes and simplifies interaction with sellers, agencies, and legal authorities.
Where to Start: Selecting a Property and Area
The first step always involves analyzing the infrastructure, transportation accessibility, and quality of the surrounding environment:
- Antalya is known for its beaches and proximity to resort areas. Here, you can find apartments in the Konyaaltı district starting from 60,000 euros. This area offers developed infrastructure: numerous schools, supermarkets, medical facilities, and a transportation network connecting it to other parts of the city.
- Alanya attracts those who appreciate tranquility and natural beauty. Areas like Oba and Mahmutlar offer housing ranging from 50,000 euros. Here, there is abundant nature, small family cafes, as well as parks and walking areas.
- Istanbul is a dynamic metropolis where modernity coexists with history. For those planning to live in the city center, districts like Beşiktaş or Sarıyer with higher prices starting from 150,000 euros are suitable. However, on the outskirts of the city, for example, in Beylikdüzü, housing is available for 70,000 euros, providing access to modern shopping centers and parks.
Choosing an area should take into account:
- Distance from the airport: for travelers, it is important that the road to the nearest international terminal takes no more than an hour.
- Infrastructure: the presence of schools, hospitals, supermarkets, and public transport plays a crucial role for families with children.
- Purchase goals: if the apartment is purchased for rental, it is better to choose tourist areas with a high flow of vacationers. For personal residence, quieter areas are more suitable.
Market analysis helps not only understand current prices but also forecast the growth in property value in the chosen location. For example, areas with new construction projects, such as Lara in Antalya, provide the prospect of a 10-15% annual price increase, making them attractive for investments. Buying an apartment in Turkey in such parts of the country allows not only to obtain quality housing but also to ensure a profitable investment in a rapidly developing real estate market.
Legal Support for the Transaction
Legal support ensures safety at every stage of the real estate purchase:
- Verification of title documents: make sure the seller is the sole owner of the property and has all necessary documents, including the TAPU (title deed), a certificate of no debts, and consent from all parties involved in the transaction.
- Obtaining a tax number (İDEN): a mandatory requirement for foreign buyers. The number is obtained from the tax office and is used for registering the transaction and paying taxes.
- Signing a preliminary contract: the document records the terms of the transaction, including the price and deadlines for property transfer. It is often notarized.
- Verification of the property: make sure there are no arrests, utility debts, or other legal encumbrances on the property.
- Assistance in obtaining TAPU: in this process, the seller, buyer, lawyer, and cadastral service are involved. The document confirms the buyer’s property rights and is completed by registration in the cadastre.
- Payment of state duty: the buyer is required to pay a purchase tax, which is 4% of the assessed value of the property. Payment is made before the registration of property rights.
Services of a professional lawyer in Turkey cost around 1000 euros, but they guarantee transparency and security of the transaction.
Conclusion
Investing in real estate in Turkey opens up opportunities for capital growth and personal use. Simplified conditions for foreigners, a growing market, and affordable prices make the purchase a profitable decision. Buying an apartment in Turkey is not only a step towards a dream but also a smart financial move.
