When it comes to purchasing coastal real estate, Turkey offers a significant advantage over Europe in terms of affordability. The prices of Turkish properties located by the sea are considerably lower than their European counterparts.
Comparing Turkish and European Coastal Real Estate Prices
The price depends on the location, type of real estate, its technical condition, and other factors. Below you will find the data about the minimum prices in different countries:
- Turkish apartments start at 80,000 euros and villas at 180,000 euros.
- Property in Greece: apartments – 95,000 euros, villas – 250,000 euros.
- Germany offers apartments for 150,000 euros and villas for 300,000 euros.
- There are villas for 200,000 euros and apartments for 100,000 euros in Spain.
- Portuguese apartments cost from 130,000 euros and villas from 320,000 euros.
In this case, many investors are focused on Turkish property.
Why Turkish Seaside Properties Are A Great Investment Opportunity
Investing in Turkish seaside properties presents a fantastic opportunity for real estate buyers due to the following:
- Turkey offers a diverse range of stunning coastal locations, with miles of beautiful coastline along the Mediterranean and Aegean Seas.
- Turkey has economic growth, leading to an increase in tourism and foreign investment. This growth has had a positive impact on the real estate market.
- The annual price increase is about 50%. So, investors get really high income. Moreover, they can increase it if they are going to rent their property.
- The Turkish government has implemented several initiatives to attract foreign investors. These include streamlined processes for obtaining residency permits and favorable tax regulations for non-residents.
There are many real estates for sale in Turkey. It’s possible to find something in compliance with your demands and financial features.
Best Turkish Cities To Buy Property
There are several cities that stand out as the best options when it comes to buying property in Turkey.
- Istanbul is the cultural and economic hub of Turkey. The city offers a wide range of properties of the economy and premium class.
- Antalya offers a mix of residential complexes and private villas, making it suitable for all types of buyers.
- Bodrum real estate market mainly consists of exclusive luxury properties and high-end resorts, making it a perfect choice for those seeking a lavish seaside retreat.
- Alanya is located on the southern coast of Turkey. There are many villas and apartments in new districts. The city is developing really fast.
It is better to purchase new real estate. In this case, you should contact a developer. Stay Property company is a reliable developer. It offers villas and apartments in different tourist cities in Turkey. Moreover, if you purchase the object under construction, you can get interest-free installments.
