Real Estate in Turkey

Turkey is an ancient country, attracting many people form all over the world. It is even according to the statistics, which may not be called the freshest, that 11,000 of objects in the Turkish resort area are owned by citizens of Germany. Many of them are practically permanent residents of Turkey.

The Turkish real estate, until recently, was poorly represented on markets of certain countries. The reason for that was the fact, that there was no agreement between these countries and Turkey as to the possibility of purchase of Turkish real estate by foreigners. The Turkish legislation main principle is parity. That is, until a country does not allow purchase of its real estate by Turkish citizens, the purchase of real estate by the citizens of these countries was impossible in Turkey. After signing of the corresponding agreement, foreigners obtain the right to purchase real estate objects in Turkey for their ownership. The land under these objects cannot be bought by foreign citizens; however it may be leased for a long term.

Thus, the real estate market in Turkey is just starting to open for a range of countries. This is a rather dynamic market, it is evolving fast, the construction rates are constantly growing, and the prices are on the edge of a steep rise. This situation may be explained by the fact that soon Turkey is to joint the European Union. This promises only one thing: the large quantity of tourists and the equal quantity of the persons, wishing to buy the house here, on the sea shore, in the excellent climate conditions. Now, citizens of many countries, if in possession of free monies, decide to invest in real estate here. Because apartments in cities on the sea shore are often cheaper in large European cities, and separated villas and small cottages are even more attractive for purchase. And the prices for them a certainly going to grow since Turkey joining the EU. Currently, there is no problem with entering the country: you may get a visa right at the airport during 15 minutes for 20 minutes.

Thus, for people, who like good life conditions and see the perspectives of money investments, real estate in Turkey is the best choice.