Turkey Apartment For Sale

Turkey Apartment For Sale

Foreign investors are very interested in apartments for sale in Turkey. In fact, according to the data of the Turkish Statistical Institute, the rate of real estate sales to foreign investors constantly increases every year. You can find the flats for sale in Turkey with Zingat. People who are looking for a house for sale in Turkey can benefit from the filtering option on the page. Turkey properties for sale offers thousands of options in 81 provinces. Having a home of your own in Turkey can make you feel financially secure. Owning a home instead of being a tenant; It prevents you from dealing with questions such as how much rent will be increased or should I move out of this house next year. Therefore, many people agree that it is a logical investment to buy a comfortable house that they can live in for many years, with an advantage in terms of transportation.

You should keep in mind that you can own a house in Turkey with the money you will spend by paying rent for many years. If you think in the long term, the financial and moral comfort of buying a house is much more than a rental house. If you want to find the right house for you, you should determine your budget and make a choice according to your needs and wishes. Especially if you are interested in living in the city center and making an ideal real estate investment in Turkey for yourself or your family, you should carefully examine the advertisements for apartments for sale in Turkey. You can also check Istanbul apartments for sale, Ankara apartments for sale and Izmir apartments for sale pages.

Is It a Good Idea to Buy an Apartment in Turkey?

Turkey’s real estate market has been attracting foreign investors for many years. Turkey's location at the crossroads of Europe and Asia makes it an ideal destination for both business and leisure, increasing the demand for real estate. Turkey has a vibrant and diverse real estate market, with a wide range of properties to choose from. Whether you are looking for a beachfront apartment, a historic townhouse, or a modern high-rise, there is something for everyone in Turkey.

Owning a property in Turkey can provide significant rental income for those looking to invest in real estate. The country is a popular tourist destination, attracting millions of visitors each year. As a result, the demand for short-term rentals is high, and rental income can be a significant source of passive income for property owners. Buying an apartment in Turkey can be a good investment for those looking for a stable economy, low cost of living, diverse real estate market, potential rental income, and a vibrant cultural experience.

How Much Does a Turkish Apartment Cost?

The cost of living in Turkey is relatively low compared to many other countries, making it an attractive option for those looking to relocate or retire. The cost of buying an apartment in Turkey is also relatively low compared to other popular destinations such as Spain, Italy, and France.

The average price per square meter of an apartment in Turkey starts from approximately 200 US dollars. However, it is important to note that property prices in Turkey vary greatly depending on the location, type, and age of the property. In Istanbul, the largest city in Turkey and a popular destination for foreign investors, the average price per square meter of an apartment ranges 700 to 3,500 US dollars. However, prices can be even higher in some of the more upscale neighborhoods and districts of the city, such as Beşiktaş, Şişli, and Beyoğlu.

You can review the real estate reports of the region you are looking for a house in Turkey and the average price that changes over time on our location report page.

Can Foreigners Buy Apartment in Turkey?

The Turkish government passed a law that allows foreign nationals to purchase real estate in Turkey without the need for a special permit or approval. However, there are still some restrictions and regulations that foreign buyers must comply with. As of May 12, 2022, amendments to the Turkish National Law have been implemented, which have raised the minimum requirement for obtaining Turkish citizenship through real estate investment from $250,000 to $400,000.

How to Purchase Apartment in Turkey?

Buying a property in Turkey can be a complex process, but with the right guidance and information, it can be a smooth and hassle-free experience. Investing in real estate is a significant financial decision that can have a lasting impact on one's life. At Zingat, we strive to provide individuals with the necessary information, trust, and service to make this important decision transparently and with confidence.

Zingat offers a diverse selection of new residential properties through its online platform, featuring thousands of projects and hundreds of newly developed residential projects, catering to various preferences. Even if you are not inclined towards something new, our vast network of over 10K real estate agents can provide access to more than 200K listings across Turkey for you to explore.

Things You Need to Know Before Buying an Apartment in Turkey

It is quite normal to be confused when you look for flats for sale in Turkey. Although it is difficult to make the right choice among the apartments offered for sale for different budgets and tastes, you can overcome this difficult process by paying attention to a few points. First of all, you should clearly determine your budget for your real estate investment. After you have clearly defined your budget for your real estate investment, you should prepare a list of your needs and wishes.

While creating your list, you should determine for what purpose you will buy the house. If you are looking for an apartment for investment purposes rather than living, you can try your luck and buy a more affordable apartment in the newly emerging districts. In addition, you may be interested in apartments for sale in areas close to city centers, trade centers or universities with high rent multipliers and short amortization periods.

If you are looking for an apartment to live in, the apartment you will buy must meet your needs. You can perform a pre-selection by determining important points for you, such as the flat's proximity to public transportation, and the presence of a school nearby if you have children. The requirements of a house to live with your family in Turkey may be very different from the requirements of an apartment purchased for investment purposes only.

After determining the most suitable one among dozens of options, you should learn about the loan qualifications of the house you want to buy, the difference between the price requested from you and the market value, whether the house is mortgaged or not, whether there is a tenant currently living and the terms of the lease agreement. All these may seem like challenging tasks, but every detail should be examined when making an investment. If the real estate you are considering to buy is being sold through a real estate office in Turkey, you should also know that real estate professionals are legally entitled to demand a sales commission.

When Is The Best Time To Buy a New Home in Turkey?

When you examine the advertisements for flats for sale in Turkey, you can see that the spring and summer months are more active. As the demand for housing purchases increases, prices also increase in this proportion. Newly married couples or people who want to spend their summers in a holiday resort look for apartments for sale during these months.