Why Now is the Time to Buy a Home in Turkey

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If you’re looking for a place to call home, look no further than Turkey. This beautiful country is full of culture, history, and stunning landscapes that draw people from all over the world. Plus, with homes in Turkey for sale at incredibly low prices, now is the time to purchase your dream home. Let’s explore why now is the time to homes in turkey for sale.

Is It A Good Time To Buy A House In Turkey? - from blog - Turkey Homes

Low Prices

Homes in Turkey are currently being sold at extremely low prices due to the economic crisis and political uncertainty—both of which have impacted real estate values in recent years. This means that buyers can get more bang for their buck when purchasing a property in Turkey compared to other countries such as France or Italy. Plus, Turkish banks are offering mortgages with interest rates as low 3%, making it easier than ever before to finance your purchase.

Favorable Exchange Rates

In addition to the low cost of purchasing real estate, there are also favorable exchange rates between the Euro and Turkish Lira that make buying property even more affordable for foreign investors. For example, 1 Euro currently equals 6.7 Turkish Lira—meaning that buyers can purchase a large amount of property for relatively small amount of money. The exchange rate could also be beneficial if you decide to rent out your property; rental income from foreign tourists will go farther due to exchange-rate fluctuations between their home currency and the Turkish Lira.

Tax Advantages

The tax advantages offered by purchasing a home in Turkey should not be overlooked either. All foreigners who own properties in Turkey pay only 0.1% on an annual basis—a much lower tax rate than other countries in Europe or North America—and all profits made on property sales are exempt from capital gains taxes after five years of ownership. In addition, if you decide to stay in your new home more than six months out of every year, then you will become eligible for discounts on certain services such as electricity and water bills —making it even easier (and cheaper) to live comfortably in your new Turkish abode!

Conclusion:

Turkey has always been known as one of the most beautiful places on earth, but now it has become even more attractive thanks to its incredibly low real estate prices and generous tax incentives for foreign buyers. If you’ve been dreaming about owning a second home abroad or investing in international real estate markets, now might be the perfect time to take advantage of these amazing deals while they last! So don’t wait any longer; consider buying a home in beautiful Turkey today!

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