Instead of fantasizing about an unobtainable Italian villa, consider a more realistic, and equally elegant option, a Turkish villa.
Purchasing property in Turkey may never occur to many people seeking a resort away from home but there are several reasons to consider a property investment there. One is that this is a fairly stable and relatively modern country with a pleasant climate, lots of ocean views, and an incredible history.
Turkey is on the Eastern Mediterranean, with parts of the country located in Asia and the rest in Europe. Because of its seaside location, it offers a comfortable, temperate climate from April to October.
At the moment, property costs in this resort environment are a bargain and the cost of living in the region is quite low.
The Turkish real estate market is an attractive investment opportunity at this point in time due to the current low prices in combination with the great potential for higher demand and price increases. Turkish villas may not be the most attractive getaway locations, but if you pick the right location you can really get a great deal for your investment.
Property in the large cities is approaching prices you find in other Eastern European cities. But when you compare villa prices in major cities like Ankara and Istanbul to those in towns such as Alanya and Belek, you’ll find comparable villas are only about 50% of the cost.
An investor can also consider Turkey real estate as a rental income source, a sort of do-it-yourself time share; except that you own the property, and reserve the time you want for yourself while using local services to rent it out as vacation property to others when you are not using it.
Many realtors offer attractive incentives for those who make buying trips there and purchase Turkey real estate on the visit. The incentives include huge discounts on housing and even substantial rebates or assistance on airfare.
It’s time to become familiar with Turkey and its rich history if you are interested in a unique place to retire, invest, or just get away from it all for awhile.
When you’re considering buying Turkey real estate, don’t limit yourself to just the big cities. Make sure that you get a sample of prices both in major metropolises of Istanbul and Ankara and smaller villages like Alanya and Belek.
Prices in these smaller centers can be as much as 50% lower, while still offering exceptional quality.