Real Estate in Turkey
The prices of beachfront properties are cheaper than those of comparable villas and apartments. This makes them an ideal investment for those who are looking to invest in Turkey. There are many benefits to buying beachfront property. These include: It is not too expensive and you can also enjoy stunning sea views.
If you’re looking for cheap beachfront property in Mexico, the Yucatan Coast is the place to go. You can find beachfront properties for less than one million dollars. And the beaches are warm all year round, so you’ll never have to worry about freezing. Plus, you can get a panoramic view of the sea from the private swimming pool.
You can find beachfront properties for a third of the price of comparable properties in other countries. For example, a luxury villa can cost less than Euro 400,000, whereas a comparable villa in Spain or France would cost up to Euro 1.3 million.
Moreover, beachfront properties can be passed down from generation to generation. While some properties may not remain in perfect condition forever, they can be enjoyed for a long time if they are cared for properly. This is especially true for older properties. A few years of proper care and maintenance will ensure many years of enjoyment of your property.
HomegaTurkey is one of the leading names in Turkey’s real estate
Homega Turkey is one of the leading real estate in Turkey, specializing in property consultancy and investment. It has helped international investors take advantage of Turkey’s growing economy. The firm aims to provide a bridge between international investors and Turkey’s real estate market.
In 2015, international stars Brad Pitt and Angelina Jolie bought a multimillion dollar summer villa in Izmir. The actress and her husband spent $ 2.6 million on a seven-bedroom mansion in Urla, an upmarket neighborhood in Izmir. The purchase sparked a spike in prices in Urla, which is a high-end part of Izmir.
Recent financial shocks have caused Turkey’s real estate market to undergo a boom-bust cycle. Speculation has driven local developers to market their projects aggressively. Many local developers are promoting their projects through prime-time national television advertisements.
The country’s economy is growing at an average rate of over 8%. This is an extraordinary rate of economic expansion when compared to BRIC countries and EU zones. Turkey was the second fastest growing country in 2011 and 2012, and the IMF predicts that it will outperform most BRIC countries and the entire Euro zone in the period between 2013 and 2017. This growth has led to a boom in the real estate in Turkey.
It offers 6% rental return
The Turkish property market offers great opportunities for foreign property investors, with the country currently experiencing a positive trend in the property market. Investors can find great deals, from penthouses in coveted neighborhoods to brand-new suburban land developments. The market also offers great tax benefits and maintenance options, which can be beneficial both for buyers and sellers. Turkey, which was founded on the ruins of the Ottoman Empire in 1932, is an attractive investment opportunity due to its history as a secular country, and its position on the international stage.
The Turkish housing market has experienced a long-term uptrend, and a long-term investment in Turkish real estate is an excellent hedge against rising inflation rates. While Turkish real estate prices are increasing in USD terms, the inflation rate is still below 8%, making it a much better investment than USD in a bank. The USD has lost value for Turks, and they’d be better off buying local real estate than storing their money in a bank.