Buying a holiday home in Turkey
Before buying a house in Turkey, you should inform yourself well. Here you will find all the information you need about buying a house in Turkey.
Turkey is not only a popular holiday destination for many Dutch people, but also very popular for buying a holiday home. The pleasant climate combined with the favourable investment climate make Turkey a popular location. All this combined with Turkish hospitality, delicious Turkish food and a great wealth of culture. Before buying a house in Turkey, be well informed. This country dossier is a start.
Why Turkey?
With its sunny climate, rich culture and attractive property prices, Turkey offers an ideal place for people looking for a second home, you can read why here:
- Attractive Property Prices and Growing Returns: Turkey offers relatively affordable property options compared to other popular destinations around the Mediterranean. There are opportunities especially in cities like Istanbul and Antalya.
- Mild Climate and Natural Beauty: With more than 300 sunny days a year, Turkey is an ideal place for sun lovers.
- Rich Culture and Unique Lifestyle: Turkey has a fascinating mix of cultures, traditions and culinary richness.
- Excellent Rental Opportunities: Turkey attracts millions of tourists every year, especially in cities like Istanbul, Antalya and Bodrum.
Are you someone who dreams of a holiday home in beautiful Turkey? Or are you an investor looking for lucrative real estate opportunities on the Turkish coast? In this blog post, you will discover everything you need to know about buying a holiday home in Turkey. We discuss popular locations, price levels, rental options and the relevant laws and regulations. Let’s start with the possibilities!
Popular locations for a holiday home in Turkey
Turkey offers a rich variety of landscapes and culture, making it an attractive option for buying a home. We have listed some popular locations.
- Antalya
Located on Turkey’s south-west coast, Antalya is a hotspot for tourists and investors. With its beautiful beaches and old city centre, it is a perfect location for a holiday home in Turkey. Prices here vary widely depending on proximity to the beach and city centre.
- Bodrum
Bodrum is known for its cosmopolitan atmosphere and vibrant nightlife. It attracts both local and international visitors, making it an excellent choice for investors interested in rental income. The property market here can be pricey, especially in the more luxurious neighbourhoods.
- Istanbul
As Turkey’s largest city, Istanbul combines history with modernity. A holiday home in Istanbul can offer both a cultural experience and be a lucrative investment. Demand for rental properties is high, especially in tourist areas such as Sultanahmet and Taksim.
- Alanya
Alanya is popular among Europeans because of its mild climate, even in the winter months. It offers affordable options for a holiday home in Turkey and has a thriving expat community. It is an ideal location to enjoy the sun and sea.
Price levels
The property market in Turkey offers a range of price ranges, so there is something for every investor. Here are some factors that influence price levels:
- Location: As mentioned earlier, locations close to the beach or in urban centres tend to have higher prices.
- Property type: Apartments are usually cheaper than detached villas. Luxury features such as a swimming pool or sea views increase the price.
- Market trends: The Turkish property market is constantly changing. It is wise to keep abreast of current trends and forecasts.
Rentability of your holiday home
Buying a holiday home in Turkey can be a smart move if you see it as a source of extra income. Here are some tips to optimise rentability:
- Location choice: Choose a location that is popular with tourists, as this increases rental opportunities.
- Facilities: Provide modern amenities and conveniences to attract tenants.
- Marketing: Use platforms like Airbnb or Booking.com to promote your holiday home and attract international tenants.
Laws and regulations
When buying a holiday home in Turkey, you need to consider local laws and regulations. Here are some key points:
- Property agreement: It is essential to hire a reliable lawyer to ensure all documents are legal and correct.
- Permits: Depending on the location and type of property, different permits may be required to rent out the property.
- Taxes: Rental income may be subject to taxation in both Turkey and the Netherlands. Make sure you seek advice on the tax implications.
Buying a holiday home in Turkey, the conclusion
Buying a holiday home in Turkey offers numerous advantages, from enjoying the beautiful Turkish coast to generating additional income through rentals. Whether you are looking for a holiday home or want to enter the Turkish property market as an investor, it is important to do thorough research and seek professional help.