The key pros and cons of housing in Turkey have been identified

The key pros and cons of housing in Turkey have been identified

The analytical portal Prian has published a SWOT analysis of the residential real estate market in Turkey, summarizing the strengths and weaknesses of buying a home in this country.

 

The key "advantages" include:

 

affordable housing prices (there are still a lot of options at a price of up to 100 000 euros);

the rich infrastructure of residential complexes, including fitness centers, swimming pools, playgrounds, etc. - all those developers promise in Russia, but often do not actually realize;

rapid development of the coastal regions;

as a consequence of the previous paragraph, there is a rapid increase in the cost of housing, which is interesting to investors;

relatively low taxes on the purchase and ownership of residential real estate;

the opportunity to obtain a residence permit and citizenship through the purchase of housing;

ease of conducting transactions for Russians (it's true: now transactions are concluded even remotely, besides, a number of developers have already started accepting payments in rubles).

 

Well, in the list of the main "cons" mentioned:

 

market opacity;

understating prices in documents, which is fraught with trouble;

restrictions for foreigners in terms of renting housing;

"closure" of districts for obtaining a residence permit for TAPU and, accordingly, citizenship in the future;

local currency volatility.

 

In terms of conclusions, Turk Estate will not be original: for advice and purchase of housing, contact proven specialists and reliable developers, whom these very specialists will help you choose. In the case of buying a home in Turkey for any purpose - whether for living or for investment - you should always stock up on a possible "plan B" in case the bonuses from the newly acquired real estate turn out to be not the ones that the buyer expected.

 

For example, Russians (as well as other foreigners) who own housing in Istanbul and at the same time do not use it themselves - that is, they do not live, do not rent and are not going to sell in the near future - may soon expect increased taxes.

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