Real estate market in Turkey is one of the most promising in Europe. In 2013, the country became one of the leaders in housing prices growth, along with Germany and Estonia. Portal ee24.com summed up the main factors that make buying property in Turkey very attractive.
Firstly, Turkey is famous for a good climate. Secondly, it is close to Russia and countries of south-eastern Europe.
In the third, now the prices of houses and apartments in Turkey are low (square meter in Istanbul, the most expensive city in the country, worth around €1,000). Fourth, prices are rising. This fact provides investment attractiveness.
Fifth, the process of buying property in Turkey is simple and fast. Sixthly, the country grants residence permit for every property buyer.
Opinion of the ee24.com portal's expert
Vyacheslav Fomenko, managing partner of Hayat Estate:
"Turkey - is a very interesting country from an economic point of view, which could go up from 80th to 15th position in terms of GDP in just 10 years. Now it takes 2nd place in the world after China in terms of economic development. Real estate prices are also rising. Now they are almost the lowest in the Mediterranean basin. Therefore, purchase of real estate in Turkey is beneficial to investors wishing to capitalize on the economic growth of Turkey, and also to people who like the warm climate."