Why is now the best time to buy property in Turkey?

Turkey has long attracted the attention of foreign investors, and now, more than ever, it is relevant to consider the possibility of purchasing real estate in this country.

There are many reasons why investing in Turkish real estate may be a good decision at this time.

#1. High Rental Yields

One of the main factors that contributes to the attractiveness of Turkish real estate is the high rental yields. In large cities such as Istanbul and Ankara, yields can reach 5-7%, while in resort areas such as Antalya, Alanya and Bodrum, this figure can be up to 10%. With the start of the tourist season in April, the demand for rental properties increases significantly. This means that if you want to have time to buy a property for rent, you should hurry.

#2. Hyperinflation and a weak lira

Turkey is currently facing hyperinflation, the rate of which is around 42%. This leads to a weakening of the Turkish lira against the dollar and the euro, making real estate in Turkey more affordable for foreign buyers. By investing in real estate now, you can take advantage of a favorable rate before the market situation changes. Once the country's economy begins to stabilize, property prices can rise significantly.

#3. Construction boom

Turkey is experiencing a real construction boom. In such large cities as Istanbul, Antalya, Alanya and Bodrum, new residential complexes are being actively built. As construction is completed, prices for properties can increase by 20-40%. This opens up excellent opportunities for investors who want to profit from subsequent resale or rental.

#4. Citizenship by Investment

Turkey offers a citizenship by investment program, which is another attractive reason to buy real estate. Currently, the minimum amount to obtain a Turkish passport is $400,000. However, this threshold is expected to be raised to $600,000, making the program less accessible to many investors. If you are considering citizenship, now is the time to act.

#5. Long-Term Price Growth

Despite short-term fluctuations, real estate in Turkey shows steady price growth in the long term. This makes real estate investments not only relevant but also profitable. Turkey, with its growing economy and increasing number of tourists, remains an attractive market for investment.

It is safe to say that now is the best time to buy real estate in Turkey. High rental yields, favorable exchange rates, a construction boom, the possibility of obtaining citizenship and long-term price growth create unique conditions for investors. Don't miss your chance to become a part of this dynamically developing market and ensure yourself a stable income for the future - just contact us!