Turkey, also known as Republic of Turkey, is a country in Eurasia stretching across the Anatolian Peninsula in West Asia to Thrace in Balkan region of South-east Europe. It is one of the 6 independent Turkic states. It is surrounded by eight countries, namely, Bulgaria on the north-west, Greece on the west, Armenia, Iran and Azerbaijan on the East, Georgia on North-east, and Syria and Iraq on the south-east. Turkey is the land of splendid beauty, covered by sheltered sandy coves, Taurus Mountains and many other picturesque locations. Lack of pollution, relaxed atmosphere and warm hospitality of people make it a great place of live.
Imagine waking up on a beautiful morning and looking outside your window to see breathtaking sceneries that make you feel special to be living in this wonderful land. Wouldn't it be spectacular? The easy-going lifestyle and the relaxed atmosphere lets you enjoy your life the way you want. On top of this, the reasonable cost of Turkey real estate and the cost of living is the best advantage of all. Why spend most of the money that you earn on high taxes back home? This gives you a great reason to settle down in Turkey.
The recent amendments of the law have allowed international real estate investors to purchase properties in Turkey. Due to this, the country is witnessing a sharp rise in the prices of real estate in Turkey. Not just this, the standard of construction of Turkey real estate is also improving greatly.
The Kemer area is witnessing a large number of Norwegians and British national buying villas and apartments. The feedback received from them suggests that they are entirely satisfied with their purchase. At present, the law of the country allows international real estate investors to purchase properties only in cities or towns in the country. However, changes in law for purchasing properties in villages in also under consideration.
Buying a Turkey real estate property usually involves paying 3 percent buyer's fee along with 1.5 percent purchase tax. The contract is translated into English which costs around ?100. If you purchase property in a new building, you will have to pay for getting water and electric connection installed in your property. The insurance of the house will also vary depending on the location and size of the property.
Many international real estate investors also purchase real estate in Turkey to make them serve as Turkey rentals. The country is a great vacation spot and offers various activities to the tourists such as sailing, scuba-diving, mountain bike riding and white water rafting. Thus, Turkey is a popular holiday destination for people from around the world. Therefore, offering your property as Turkey rentals to tourists in the city for vacation can also be quite profitable. You can make your property serve as a vacation home as well.
Thus, Turkey real estate offers a lucrative investment opportunity for people from all walks of life, whether local buyers or international real estate investors.