The acquisition of real estate in Turkey today has become the most popular destination among Russians when it comes to investing in foreign square meters – while both new buildings and the secondary housing market are in demand.
Buying a home in the primary market
Buying property in Turkey at the construction stage today has become one of the most popular types of investments among foreign buyers – the price will be more affordable than if you invest in a finished object, and installment payment is longer. During construction, real estate in Turkey rises in price by 15-25%. After laying the foundation and building the frame, the developer submits an application to the cadastral office to divide the object into independent shares, that is, into apartments. As a rule, this happens when the property is 30-50% ready and after the developer receives TAPU for each apartment, he is ready to transfer the property to future owners. Continue reading
Many of our clients are private individuals with a budget of several hundred thousand euros, who want to invest in real estate abroad. A quick study of the market may seem that this amount will not be enough for a good profitable property: after all, offers of high-quality commercial real estate in Europe usually start from 5 million euros, and small retail premises in popular locations are sold for 3-5 million.
Nevertheless, there are many investment products on the international market with an entry threshold of 100-500 thousand euros: from the purchase of micro-apartments, which bring about 5% of annual rental income, to club transactions in development projects (10-15% per annum). Continue reading