Why is it so cheap to buy an apartment in Antalya? is one of the frequently asked questions. Because of the cost of an apartment in Antalya, which starts at $60,000, a question quickly comes to mind.
But before puzzling this out, it is consequential to understand that many regional real estate markets in Antalya are quite active in their respective fields. It is hard to believe why the apartment prices in Antalya are so demanding and affordable. In conclusion, if you want to buy affordable property, Antalya is for you.
If you are buying an apartment in Antalya, you can consider it a profitable investment. Buying an apartment in Antalya is really simple. Monthly fees in apartment complexes are around 20–25 euros at the most, and all expenses such as garden layout and pool cleaning are included.
Although it is not obvious why apartments in Antalya are so popular and cheap, the reasons for this are not complicated at all. The most effective of these reasons is the low cost of living in Antalya, exchange rates, and savings accounts with high-interest rates.
Is Antalya Good for Buying an Apartment?
Everyone who buys an apartment in Antalya makes the right choice. The peaceful and spacious areas, which include the large city center and smaller seaside resorts such as Belek, Alanya, and Side, have a lot of potential for the future.
The sun shines in the Mediterranean almost all year round, and in the winter, when most parts of Turkey are freezing, you can walk around Antalya in a thin coat without getting cold. You can enjoy the beautiful weather in Antalya by buying an apartment there.
Antalya has consistently shown that the winner in the Turkish real estate market is those who buy apartments in Antalya, but local council leaders are not content to rely on their success and are moving towards healthier and more innovative projects for the future.
Can a Foreigner Buy an Apartment in Antalya?
You do not need to have Turkish citizenship or be a Turkish resident to own an apartment in Antalya. However, buying an apartment in Antalya does not immediately give you the right to live there; foreigners may still need to apply for a visa or residence permit.
There are some issues that international buyers should consider before starting to look for real estate in Turkey. Foreign citizens can purchase a maximum of 30 hectares of land in Turkey. More is not allowed. It is illegal to acquire or lease property in military and military areas.
Here is vital and general information about the way to buy an apartment in Antalya according to Turkish law and the cases that may occur during the transaction. Different properties are subject to different laws. Working with a professional is key, as the information provided here is purely general in nature. By doing this, you will avoid the risk of disappointment and heartache. Thus, buying an apartment in Antalya will not be a complicated process.
Does Buying an Apartment in Antalya Give You Turkish Citizenship?
You can buy an apartment in Antalya to acquire Turkish citizenship. When you buy your new flat in Antalya, you should not sell your house for at least 3 years. In addition to this, there are other ways to acquire Turkish citizenship. We can list them as follows:
- Gaining Turkish citizenship through investment
- Getting married to a Turkish person
- Obtaining Turkish citizenship by adoption
- Acquiring Turkish citizenship with the right to choose
A foreigner can stay in Turkey for 90 days within 180 days, whether he owns property or not. Landowners, on the other hand, can stay in Turkey for longer than the allotted time as property owners. Foreigners with a residency permit can stay in Turkey for more than 90 days.
How Long Can You Stay in Antalya If You Own an Apartment?
Turkish legislation states that if you purchase an apartment in Antalya, you are eligible for a residency permit. You can apply for a one-year permanent residency that can be renewed yearly if you so want. Property owners may migrate and establish a second house in Turkey, in addition to visiting this stunning nation on vacation. If you reside in Turkey for five years, the Turkish government also permits you to obtain Turkish citizenship.
You can buy a residential permit with no price limitations. The tapu (title deed), which is the primary document on which the permanent authorization is based, is all that is required. The buyer may get a three-month tourist residence visa during the purchase for permanent residency.
Can I Live in Antalya If I Buy an Apartment?
Foreign nationals are free to buy real estate anywhere in Turkey, excluding military zones, within the scope of the citizenship program.
As of April 2022, foreigners who buy a house in Turkey must pay $400,000 to qualify for citizenship. In other words, foreigners and their families who invest 400 thousand dollars in real estate in Turkey can become Turkish citizens instantly.
Foreigners will still need to go through the same procedures and fulfill the same standards in order to own property or obtain a mortgage in Turkey. You may discover what to do for an apartment or home in Turkey and how to record the title deed of your property once you have your TAPU, residency permit, or citizenship from the following article, which details the experiences and suggestions of our colleagues in Turkey.
Is It Worth Buying an Apartment in Antalya?
Antalya is a well-known and alluring site for both tourists and investors. It has a distinct place with its about ten thousand years of history. There are several reasons why people are drawn to this beautiful city. This is true not only for visiting but also for investing in real estate.
Over the past 10 years, Antalya’s real estate market has grown significantly, with a significant portion of this growth coming from international investors. The major explanations for buying an apartment in Antalya are as follows:
- Budget-friendly prices
- Severe alternatives for each lifestyle
- Excellent nature
- Low living expense
As mentioned above, there are many advantages to buying an apartment in Antalya. Turkey is a recognized global financial center with a variety of investment prospects. Real estate and rental property prices climb annually, making Turkish real estate investments particularly profitable.
Experts typically name the real estate as the best long-term investment. Turkey, however, provides greater benefits when buying real estate when compared to other countries where property values have already peaked.
Tolerance Homes is pleased to introduce you to the apartments in Antalya, which are currently for sale at the most attractive prices. We make apartments in Turkey possible for you according to your wishes and conditions. If you are interested in any of the real estate options we offer, you can request an expert consultation.