It’s time to buy property in Turkey. Why? It’s very easy, because:
◊ It has fantastic climate, charming towns and villages, golden beaches, a stunning mountain backdrop, wealth of history and friendly, hospitable people, over 300 days of sunshine each year, and all this just a couple of hours flight from European countries. Turkey is becoming more and more popular for European people buying homes in the Mediterranean.
◊ In 2003 Turkey has liberalized its real estate market for foreign buyers. Now more than 40,000 estates in 70 Turkish cities are owned by foreigners from 64 countries. Almost 5,000 foreign investors are new to the market. Citizens from 87 countries qualify to buy without approval by the local authorities. Citizens from 24 other countries can purchase only buildings but not land. Germans, British as well as Dutch, French, Syrian and American citizens are also at the top of the list of nations interested to buy in Turkey.
◊ The main explanation for the opening of the Turkish real estate market is the country's bid to become European Union member in the years to come. One of the reasons why foreign investors should consider Turkey as an option, according to most local agents, is that prices in the country are much lower than in EU in average. Depending on the area prices as low as $75,000 for an apartment and $150,000 for a house aren't impossible to find. When Turkey becomes EU member prices of Real Estate will most likely rise to a near European level. The potential for returns on investment in this area are enormous.
◊ The low cost of living, which is much lower than most other European Countries and the low crime rate.
◊ As a European you can purchase with complete safety, as the conveyance is easy and uncomplicated.
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