Real estate market in Turkey

Turkey is the only country that belongs at the same time as European and Asian parts of the world, 97 per cent of its territory is in Asia, and only 3 percent - in Europe. Most of the state's northern border runs along the coast of the Black Sea in the south and west of the Mediterranean Sea and the Aegean Sea, and in the northwest lies Marmara Sea, sharing their straits European and Asian parts of Turkey. The total length of a coastline of more than 8 thousand kilometres, and virtually all coastal areas have all the prerequisites for an excellent holiday in the broadest sense.
     The most attractive in Turkey is an opportunity to purchase at an affordable price this resort villa or apartment. Immediately after the 2002 real estate market of the country was opened to foreign buyers, Turkey entered the top ten most popular countries among Europeans. Past five years of continuous growth in prices, but Turkey still remains the most accessible and attractive to all Mediterranean countries, which attract interest. Almost everyone knows about the nature and history of Turkey, but the unexpectedly high both for Russians and for Europeans living standards, combined with low prices can be a pleasant surprise for many. In addition, the Turkish government has made significant steps to promote tourism and infrastructure throughout the Mediterranean coast, which, in turn, can not and do not reflect the degree of attractiveness of real estate for recreation. Economic development has led Turkey to the growing number of international companies based in the country and expanding production and trade. This leads to the emergence of new job vacancies, an increase in gross domestic product and increased demand for commercial real estate, and is another promising sector of the market for potential investors.

     In the past two years, the situation in the real estate market has changed quite rapidly and exclusively in the direction of higher prices. Season of last year quite clearly defined the priorities of the profitability of investments by category and location of real estate. Plots in the popular Turkish Mediterranean areas went as compared to the summer of 2007 at 50 - 70 per cent. All proposals remain less promising market for land. Flats in the same areas in the price climbed to 70 percent. The most noticeable rise in the cost of new. The cost of one square meter of apartments in new modern complexes, even at the stage of the project or the basement, a builder in the current year will start from 750 Euro, which compared with the previous year (500 - 550 euros for the same square metre) by 50 per cent higher. New apartments in coastal resort areas were still strong demand and in the local market, and foreign buyers.

     Residential real estate construction this year, significantly more expensive than two or three buildings. Significantly changing the quality of construction, exterior design of buildings, facilities planning, internal and external decoration, which also greatly increases the cost of new. There are also influence on the prices of real estate infrastructure, transportation, a prestigious neighborhood, the prospects for development of the district. Competition areas beneficial impact on the overall development of the region as a whole. The Russians are the most active buyers of real estate in the area of Antalya and, more recently, Alanya, they prefer the average housing price categories, namely, within the limits of up to 150,000 euros, while the bulk of Europeans allow themselves to spend up to 250,000 dollars. Either way, in other cases it is a middle-class population, for which Turkey is one of the few affordable housing markets resort on the Mediterranean coast.

     In itself, the procedure of purchase of real estate private individual, regardless of nationality, took a certain period. This is related to obtaining permits for the purchase of relevant government departments specified in the recently adopted amendments and additions to the law on ownership of real estate. Procedures for registration and registration of property rights Kadastrovom management with a book in inventory and issuance of certificate of ownership for the acquisition facility is completed, usually within one day. However, if desired, you can use other means, registered in Turkey with a foreign company authorized capital, whose name could then be on a more simplified scheme to acquire the same property. The cost of registering companies amount to no more than 1 - 1.5 thousand dollars. After buying an apartment as soon as possible and get a residence permit.

     Summing up on the basis of the foregoing, you can ask a specific question: Is buying real estate in Turkey profitable investment? Those who have already become happy property owners in this country, not razdumyvaya, answered affirmatively. Those who only look, studying the situation in this market and have certain intentions in this regard, too, think that way. In any case, according to most analysts, both in Turkey itself, both inside and outside its borders, economic and political development of the State will provide reliable support investment intentions of private and institutional investors from around the world in the long run.