Investing in Cheap Apartments in Turkey: Is it a Smart Choice

Turkey has become one of the most prominent real estate destinations in the world, especially with the significant demand from foreign investors looking for cheap apartments for sale in Turkey, considering it a golden opportunity that combines affordable prices and promising future investment potential.

Amidst the growing demand for real estate, a strong trend has emerged towards investing in cheap apartments in Turkey, whether for residential or investment purposes. Many investors today see buying low-priced apartments as the safest entry point into the Turkish real estate market and a way to achieve good profits.

But the fundamental question remains: Is investing in cheap apartments in Turkey truly a smart choice?

To answer this question, this article will cover all aspects of the topic, starting with the prices of cheap apartments in Turkey, going through the best Turkish cities for investment such as Istanbul and Bursa, and culminating in the steps to buy a cheap apartment in Turkey for foreigners, focusing on the opportunities, risks, financing methods, and short- and long-term investment returns.

Why is Investing in Cheap Apartments in Turkey an Attractive Option?

Investing in cheap apartments in Turkey is considered a smart decision for beginner and medium-budget investors. There are several reasons why this step is attractive:

• Lower prices of cheap apartments in Turkey compared to real estate prices in Europe and the Gulf countries, making them accessible to a larger number of investors.
• The possibility of benefiting from monthly returns by renting cheap apartments in Istanbul or Bursa to tourists or students.
• Taking advantage of the Turkish real estate investment law, which grants opportunities to obtain citizenship or residency.
• Relatively lower financial risks when buying a cheap apartment in Turkey compared to investing in villas or luxury properties.

Investing in Cheap Apartments in Turkey Pays Off

The truth is that investing in cheap apartments in Turkey does pay off. Many foreigners bought apartments at low prices years ago and later sold them for many times their value, especially in large cities such as Istanbul and Bursa.

Prices of Cheap Apartments in Turkey: Influencing Factors

When talking about the prices of cheap apartments in Turkey, we must consider several factors that determine the price:

• Location: Apartments close to vital centers and transportation are always more expensive.
• Building Age: Older apartments are cheaper than modern apartments, but they may require high maintenance costs.
• Finishing Quality: Ready-to-move-in properties are more expensive than shell and core or under-construction apartments.
• Proximity to Services: Such as universities, malls, hospitals, and transportation.

Comparison of Cheap Apartment Prices in Turkey Between Cities

• Cheap Apartments in Istanbul: Prices often start from the suburbs such as Esenyurt and Bahçeşehir, where you can find apartments with prices starting from $60,000.
• Cheap Apartments in Bursa: Relatively less expensive, as you can buy an apartment starting from $40,000, with additional features such as proximity to nature and services.

Best Turkish Cities to Invest in Cheap Apartments

The feasibility of buying a cheap apartment in Turkey varies depending on the city, and the following are the most suitable cities:

• Istanbul: A major economic and tourist city, even the cheap apartments in it are characterized by their ability to quickly rise in value.
• Bursa: A city that combines tourism and industry, and its apartment prices are very suitable for investors.
• Trabzon: A popular tourist destination for Arabs and Gulf citizens.
• Antalya: The capital of Turkish tourism, its cheap apartments achieve high rental returns.
• Sakarya: A developing city near Istanbul, its prices are low and its opportunities are high.

Profitability of Cheap Apartments in Istanbul and Bursa

• In Istanbul, the demand for real estate is constantly increasing, which means that even the cheapest apartments in Turkey there have a chance to make a quick profit.
• In Bursa, profitability comes from family stability and the tourist nature, where many are looking for cheap apartments for sale in Turkey for housing or long-term investment.

Comparison Between Short-Term and Long-Term Investment in Turkish Apartments

Short-Term Investment

It involves buying an apartment and renting it out on a short-term basis to students or tourists. The advantage of this type is that it generates a fixed monthly income.

Long-Term Investment

It involves keeping the apartment for several years until its price rises and then selling it. This option is ideal for investors looking for capital appreciation.

Return on Investment from Cheap Apartments in Turkey

The return on investment from cheap apartments in Turkey usually ranges between 5% and 8% per year, which is a much higher rate than bank interest.

How to Finance Buying a Cheap Apartment in Turkey

There are several ways to finance buying a cheap apartment in Turkey:

• Cash Payment: Which is the best option to reduce costs.
• Mortgages: Some Turkish banks offer facilities for foreigners.
• Installment Plans: Development companies allow buying properties through flexible payments.

The Role of Mbany Real Estate Company in Financing

Mbany Real Estate Company helps investors obtain the best payment and financing plans, in addition to legal consultations that ensure a safe and profitable purchase.

Cheap Apartments Suitable for Obtaining Turkish Citizenship

Some may think that cheap apartments do not offer the opportunity to obtain Turkish citizenship, but the truth is that you can buy multiple cheap apartments so that the total value reaches $400,000 and thus obtain citizenship.

Steps to Buy a Cheap Apartment in Turkey for Foreigners

Basic Steps

1. Search for cheap apartments for sale in Turkey through trusted companies.
2. Verify the validity of the title deeds (Tapu).
3. Sign the contract and pay the deposit.
4. Complete the payment and officially transfer ownership.

Tips from Mbany Real Estate Company

• Choose an apartment in a developing location to ensure profit.
• Study rental returns carefully.
• Make sure the property complies with the laws.

Risks of Investing in Cheap Apartments in Turkey

Despite the advantages, there are some risks:

• Buying apartments in remote areas may reduce rental opportunities.
• Old properties require significant maintenance.
• Legal problems in title deeds.

How to Reduce Risks

• Seek the help of experts such as Mbany Real Estate Company.
• Focus on new projects and well-served areas.

Is Investing in Cheap Apartments in Turkey a Smart Choice?

The answer is not one, but depends on the investor himself:

• Yes, if the goal is a long-term investment in a large city.
• Yes, if a developing area in Istanbul or Bursa is chosen.
• No, if the goal is to achieve very quick profits without studying.

Frequently Asked Questions: Investing in Cheap Apartments in Turkey: Is it a Smart Choice

Conclusion: Investing in Cheap Apartments in Turkey: Is it a Smart Choice?

In conclusion, it can be said that investing in cheap apartments in Turkey: Is it a smart choice? The answer is yes, if the appropriate location is chosen and a careful market study is conducted.

Buying a cheap apartment in Turkey may be an opportunity to achieve good profits, whether through rent or resale. Also, cities such as Istanbul and Bursa offer unique opportunities for investors looking for cheap apartments for sale in Turkey.

However, it remains important to seek the expertise of reliable companies such as Mbany Real Estate Company to reduce risks and ensure investment success.