Pros and cons of buying budget housing in Turkey

There is a very large selection of real estate in Turkey for every taste and budget. There are truly royal villas, luxury penthouses, luxury apartments and stunning duplexes with their vastness and beauty. However, not everyone is able to buy such a property. Therefore, small and cozy apartments with a layout of 1+1 and 2+1 are in great demand now.

Advantages of buying budget housing in Turkey:

  • The possibility of a one-time payment
  • Low taxes and the cost of housing and communal services
  • Confidence in the future
  •  Receiving passive income. It is easier to rent a small apartment, for example, to tourists and receive passive income for it. Many people now do just that, of course, if there is a second apartment for living.
  • A great option for a personal financial pillow at any time.

Disadvantages of buying budget housing in Turkey

  • A small area. After all, inexpensive real estate in the vast majority of cases is a small apartment in size.
  • Quality. The quality of construction in Turkey is now at a high level. A lot of standards and state standards have been developed. And when buying a small, but new apartment, you can not worry about the quality. But this was not always the case. And if we are talking about secondary housing with an age of more than seven years, then there are quite possible some problems and you should choose such a property very carefully.
  • Inability to obtain citizenship. A lot of foreign citizens are now buying real estate in Turkey to get citizenship. It is given without a five-year wait, if the cost of housing is 250 thousand dollars and above. Therefore, when buying a budget option of real estate in Turkey, you can only count on obtaining a residence permit. And documents for citizenship will have to be issued on a general basis.

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