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Astons Explains Why Foreign Investors Opt for Purchasing Apartments in Turkey

Turkish real estate generates increasing demand among foreign investors. The popularity of apartments and houses in Turkish towns is due to the successful government-approved Citizenship by Investment program. It allows you to obtain a second passport on purchasing property at $250,000 onwards. 

Turkish citizenship offers many benefits: 

  • The Turkish passport enables you to visit 110 countries without a visa, including Singapore, Japan and South Korea
  • Turkish passport holders can relocate to the UK with a business visa for Turkish entrepreneurs or move to the US with a E-2 business visa
  • You can obtain Turkish citizenship for the whole family fast and remotely – in just two months.

By experts’ estimates, in Q1 2020 63,759 properties were purchased in Istanbul, most of them by foreign investors. Other popular cities include  İzmir, Bodrum, Ankara and Antalya.

Before picking a specific apartment or villa, buyers from all over the world are willing to learn more about the Turkish residential property market and its peculiarities.

  • Apartments are big in Turkey

A standard family apartment in Turkey starts at 110 square metres of space. This includes several bedrooms, an embedded kitchen and a spacious living room.

  • Turkey’s new developments offer the infrastructure of a five-star hotel

By default, newly developed apartments suggest marble halls, panoramic windows in public spaces, modern safety systems, friendly reception and 24/7 security.

In Istanbul and other major Turkish cities, a housing complex includes fitness centres, indoor and outdoor swimming pools, gardens and walkways, children playgrounds, terraces for recreation and even small cinemas. When you purchase an apartment in a complex like this, you obtain a lot of bonuses to boost your quality of life.

  • Balconies, terraces and bathrooms

Many Turkish apartments have balconies and terraces (often both) where you can enjoy the views and throw family tea parties. As a rule, apartments have several bathrooms one of which is located in the master bedroom. Such planning suggests a way of life that welcomes guests and precludes discomfort.

  • Eclecticism in interior design

Turkish designers prefer eclecticism in interior design – a mix of art nouveau, loft and avant-garde styles. It’s easy to understand the trends: avantgarde will attract rococo and art deco aficionados, art nouveau will appeal to devotees of Scandinavian minimalism whereas the loft style is visual candy for the adepts of Hong Kong and Singapore esthetics. The key to Turkish design is the ability to mix the styles in a way to suit the most fastidious taste.

Experts at the Astons international company render all-round services in terms of Turkish citizenship and property investment. The Astons lawyers help you throughout the immigration process: from choosing the property to obtaining the passport.

Astons is a leading global immigration advisory firm with offices worldwide. We offer residency & citizenship investment solutions. For further information or to discuss your personal circumstances in a private consultation, please contact Astons at [email protected].

Update date: 4 January, 2021

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