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What You Need To Know About Turkey Property Market

13/02/2024 Investment in Turkey 359 What You Need To Know About Turkey Property Market

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In 2018 alone, foreigners bought 40,000 homes in Turkey, which goes to show how thriving Turkey property market is booming. Besides, buyers don’t seem to be slowing down anytime soon because the same buying trend is continuing in 2019.

In case you are wondering why the sudden increases, it could be because of the current exchange rate which has been found to favor buyers as well as the ease with which Turkey has made it for people to venture into Turkey real estate market, which is also benefitting Turkish real estate companies and anyone who is a real estate agent in Turkey.

Our blog articles cover most of the things you would love to know about buying a property in Turkey or other hot spots like Istanbul, Bursa, Antalya, Izmir, Fethiye, and Yalova. Furthermore, we will put you through the buying process so that your search will be a fruitful one. But before checking out real estate companies in Turkey to buy a property, you should know the rules and regulations of Turkey as it regards the housing sector.

New Rules and Regulations

Foreigners can now enjoy buying a property in Turkey since the new rule allows them to buy up to 30,000 Sqm unlike in the past where this was not possible. In addition, they can buy properties in an official district surface area of up to 10% except within the military zone.

This is great news for those looking to venture into Istanbul real estate market or seek out an Istanbul real estate agency. 

Who can Invest in Turkish Property?

Before now, the reciprocal law did not allow foreigners buy properties in Turkey, but it has been repelled allowing Americans, Europeans, Chinese, Russians, Middle Easterners, and Indians to own properties.

How to Safely Buy Properties in Turkey

With the increased interest in Turkey, with particular interest in house prices in Istanbul or Istanbul property prices, the safest way to buy a property is to use a registered estate agent or company. You can find out house prices in turkey, but before parting with your money;

  • use an English speaking lawyer that understands the laws
  • ensure there are no debts on the property and the legalities are in order
  • pay only through the bank

We understand all this and have simplified everything for you.

Contact us and will be more than willing to answer any question you may have about buying a property in Turkey.

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