How to buy luxury real estate in Turkey as an investment
Turkey is a country located at the crossroads of Europe and Asia, with the main part being on the Anatolian Peninsula side in Western Asia, with a smaller portion (called Thrace) in Southeastern Europe.
Bordered by eight countries, Turkey is next to Greece and Bulgaria to the northwest, Georgia to the northeast, Armenia, Azerbaijan (Nakhchivan exclave), Iran to the east, and Iraq and Syria to the south.
Turkey is also surrounded by three seas, the Aegean Sea to the west, the Black Sea to the north, and the Mediterranean Sea to the south.
The capital city of Turkey is Ankara, while Istanbul is its largest city and a major cultural and economic hub, famously spanning both Europe and Asia across the Bosphorus Strait.
Popular areas of Turkey with International Buyers:
Buying luxury real estate in Turkey for personal use or as an investment will be down to each individuals and investors financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
Luxury properties such as homes can be purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.
As an investment though, rental income short or long, can yield high returns in luxury markets, especially homes purchased in high-demand locations.
High-net-worth individuals worldwide are often interested in luxury properties in key cities such as located in Turkey, and this international buyer demand can keep property values stable or even rising.
While demand for luxury real estate is always present, finding how to buy luxury real estate in Turkey as an investment, will alter as economic changes both locally and internationally take affect, and legal paperwork for an international investment can be more complex, the drivers still remain.
If considering buying luxury real estate in Turkey for personal use or as an investment, always perform due diligence and use lawyers to manage the purchase agreements.
