A business is any investment, including the purchase of property abroad. It is essential for a business to clearly plan its expenses, establish its objectives and strategy, navigate the trends in the real estate market, and comprehend the benefits of purchasing in order to be successful. What attracts foreign investors to купить недвижимость в Турции? Let’s look at the main advantages.
Benefits of buying property in Turkey
Turkey is now a great destination for vacation, investment, and emigration. We will go into detail in the article about the advantages of purchasing property in Turkey https://mavato.ru/turkey/mersin/.
- The Turkish economy is developing at a rapid pace, so the market value of the real estate is also growing.
- Turkey’s property prices are significantly lower than those of comparable properties in other European nations.
- A wide variety of items. Buyers with any budget can find what they need in Turkey’s extensive real estate market.
- The cost of living (housing, food, clothing, and services) is relatively low.
- Property tax is low.
- High return. Since rental property and real estate prices are always going up, investing can be very profitable.
Available loans and installments
When foreigners decide to buy property, they opt for one of the other options: a mortgage loan from the developer and interest-free installments. Because it lets you buy Turkish property even if you don’t have all of the money, such services have been in high demand over the past few years. The conditions for getting a mortgage are good, but the annual interest rate is between 6 and 9 percent.
Foreign investors can invest in the early stages of a building at very competitive prices in installments that do not carry interest. With little risk, this kind of payment system can save about 30%.