Global Real Estate Solutions
with Enrich Castle
Is Turkey a Good Place to Buy Property?
Every year, between 40,000 to 50,000 foreigners buy property in Turkey, some buy for a holiday home, a second house, a real estate investment, or because they want to retire and live in Turkey all year round.
WHY TURKEY
Turkey, a well-developed and industrialized country, is the 17th most powerful economy in the world and a member of the G-20. It attracts more than 32 million tourists annually, making it the 7th most visited country globally. With a population of 75 million, Turkey has been a NATO member since 1952 and is currently a candidate for full EU membership. The country is famous for its diverse cuisine, including Doner kebab, Iskender, seafood, and Baklava. It experiences all four seasons and offers scholarships from the Turkish Government in the field of education. Jobs in Turkey are based on meritocracy, ensuring no discrimination.
Facts
Population: 75 million
Official Language: Turkish
Administrative type: Democratic republic
Capital city: Ankara
Most populated city: Istanbul
Currency: Turkish Lira
USD to Turkish Lira: 1 USD equals 17.87 Turkish Lira
Is Turkey a Good Place to Buy Property?
The Turkish real estate market offers affordable purchase prices and excellent capital growth potential for mid to long-term investments. New build developments ensure quality without compromising on price. The process of buying property is easy and quick, with the possibility of obtaining Turkish citizenship through a $400,000 investment. Low purchasing and running costs, along with the welcoming Turkish culture and society, make it an attractive option. The country has invested heavily in infrastructure, including transport and healthcare. With a variety of locations to choose from, whether it’s bustling cities or coastal regions, Turkey caters to all preferences.
