Some steps are essential to follow when looking for property in Turkey. Identifying these steps will help overcome many of the difficulties and challenges many investors may face. What are these steps? Read the guide from the developer in Alanya with fair prices.
Prospects for the Turkish real estate market
Over the past few years, the Turkish real estate market has undergone qualitative changes in terms of the following:
- construction technologies;
- renovation of the housing stock;
- construction of the new commercial and residential real estate.
Now it is rightfully one of the most prosperous markets in the world. Thanks to the comprehensive support from the government, the real estate sector received not only additional funding but also attracted fresh investment and a lot of interested buyers from abroad.
For example, Yekta Homes, a developer in Turkey, has significantly contributed to the fund's renewal. Its new residential complexes of the "comfort +" class under construction have become an example of the implementation of high-class technologies and attention to detail.
Buying a second home in Turkey
Is it safe to buy Turkish property? This is one of the first questions potential buyers ask. Earlier, when Turkey first entered the international arena and opened its real estate market for the first time, there were many stories from deceived buyers. Since then, the Turkish government has radically changed its policy regarding real estate transactions, tightened the rules for buying and selling, and strengthened the buyer protection system.
Recommendations: look for a reliable lawyer and trusted real estate agent with an impeccable reputation. Send money exclusively to a bank account to trace your digital footprint later.
Determine the specific purpose of buying a home
To protect yourself from disappointments in the future, it is better to think carefully about this issue in advance, as they say, "on the shore." There may be several reasons why you decide to buy property in Turkey:
- residence for rest and vacation;
- a second home for the subsequent move to permanent residence;
- investment property for rent and stable income.
A house for investment and rental is only sometimes suitable for long-term living with family or moving to permanent residence after retirement and vice versa. Choose a home that suits your needs, and you will go right.
The developer Yekta Homes in Turkey offers excellent apartments in the new building Yekta BLUE Residence and Yekta Kingdom Trade Center, any of which will be the best solution for living and relaxing in Turkey.
Create a secure financial cushion
Choosing the right property is essential, but having enough money to cover all financial costs is more important. In addition, you need to keep an eye on the Turkish Lira exchange rate and choose a reliable currency exchange office with reasonable rates and low transfer fees.
Recommendations: in addition to the basic amount for purchasing a house, it is necessary to budget funds for the payment of a translator, a notary, taxes, commissions, etc.
Choose a location
Large cities are most often chosen to live and work in Turkey. For life after retirement, quiet, seaside ones are more suitable. Today's most popular among overseas buyers are Antalya, Belek, Kemer, Alanya, and Side. Since all these cities are the country's most prominent tourist centers, most of their first coastline is occupied mainly by respectable hotels and villas. Therefore, those for whom a beach holiday is important should focus on the proximity of municipal beaches, which can be sandy and pebbly. If the proximity of the sea is not particularly important, then a swimming pool is a reasonable alternative. By the way, not only villas and cottages are equipped with swimming pools, but also almost all modern residential complexes in the cities of Turkey.
It is believed that a house or apartment purchased for a family holiday in Turkey must be located close to the sea. But the settlement itself should be chosen based on the interests of all family members, who may not be limited to visiting the beach. Nightlife is a priority for young people. Especially lively, it boils in Kemer. You can find dozens of popular nightclubs in the center of this generally calm and family-friendly city. Discos and parties are striking in their scope, which, however, does not disturb the peace of residents of coastal villas, cottages, and residential complexes.
If real estate is purchased for rent, then it is worth considering those locations where, for one reason or another, the tourist season lasts all year round. For example, Belek, in addition to its fame as a popular resort, is an international golf center, the largest courses of which are known all over the world and throughout the year attract fans of this elite sport from all over the world. Whether for this reason or for a number of others, life in Belek is not without a touch of aristocracy. A house in Belek is believed to be not just real estate but also status.
For that, investing in Turkish real estate and paying attention to newly built-up areas near the sea makes sense. Regardless of which option you choose - an apartment in a residential complex, a cottage, or a small villa - this can be a very profitable investment, since almost simultaneously with residential new buildings, modern infrastructure facilities are being built there, which ultimately leads to the rapid rise in prices. A good example of such an area is Kundu in Antalya. Be prepared for the fact that you will have to go through many cities and thoroughly study their possibilities to find a location that perfectly suits your requirements.
Help with buying a home in Turkey
Find your dream apartment in Turkey with Yektahomes.com. Only the best options from the trusted developer are at your service. Get detailed advice on issues of interest to the managers of the company.