Buying cheap luxury real estate listings directly from the owner in Turkey is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
Buyers and investors look towards areas such as Lisbon with luxury apartments modern luxury condos, and waterfront living, Cascais & Estoril, coastal towns near Lisbon with luxury villas and golf resorts, and the Algarve with its golden beaches, golf, and gated luxury communities.
In addition Porto & Douro Valley as a growing luxury market, and Comporta & Melides attracting ultra-high-net-worth buyers for luxury properties.
Turkey luxury property investment and personal use properties is an attractive option due to Turkey being a stable EU and Eurozone member, supporting property ownership security, and there are no restrictions on foreign buyers, with ownership laws being transparent.
Prices tend to be lower than in France, Spain, or Italy, while still offering world-class locations and lifestyle, so buying luxury property in Turkey is attractive for investors seeking rental income, owners looking for lifestyle benefits, the EU security, and long-term appreciation for a permanent residence, or as an investment.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Turkey, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, especially when looking at Turkey real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
Real Estate Agents and Property Developers in Turkey
