Investments in Turkish real estate
We will provide updated information before the publication of the quarantine in Turkey and restrictions on work in most areas related to foreign investment, including real estate. Meanwhile, life is beginning to normalize, which means that there will be a recovery in all areas of the economy.
In 2019, the average profit from renting housing in Alanya for the year was 5-15% in euros. The total amount, of course, depends on the characteristics of the apartments, their location and ranges from 700 to 3000 euros per apartment. Tourists vacationing with their family believe that renting is cheaper than booking a hotel, which means that in the summer season the demand for such facilities is always high. As for long-term rentals, the average price of an apartment in Turkey ranges from 150 to 300 euros per month.
Construction is one of the most important sectors of the economy, which is supported by the state in all respects.
Compared to other European countries where there are seaside resorts, square meters in Turkey cost investors many times more, with high profitability and other objective advantages for owners.
Despite the crisis, we can assume that prices will rise in the near future, so that the positive dynamics will continue, and you will be able to profit from resale.
Real estate in Turkey for Russians - undeniable advantages
Why do Russians choose Turkey? In this choice, we see several undeniable advantages that the southern state promises to all Turkish homeowners from abroad.
* Simple rules for visiting the country
Citizens of Russia, Ukraine, Kazakhstan, Belarus, etc. (except Armenia) can enter the Republic of Turkey without a visa. The period of stay in the country is from 30 to 90 days. If this regime is violated, you will have to pay a relatively small fine, and this will not affect the wallet of the "violator" in any way.
* Easily obtain a residence permit and Turkish citizenship
Upon receipt of TAPU, Russians are automatically issued a residence permit. Any buyer of a house worth more than $250,000 can apply for Turkish citizenship. After staying in the country for more than 5 years, the owner of the property can also apply for citizenship.
In general, obtaining a residence permit is a simple process and will not take much time, especially if you have the help of professionals. Obtaining Turkish citizenship is a more time-consuming process and requires more time to prepare and register a package of documents.
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