SHOULD YOU BUY PROPERTY IN TURKEY?

Your first impression might be that purchasing real estate in Turkey is a good deal. Despite low prices and relatively high rental yields around the 5% range, there’s large degree of risk though.

It’s likely that you’ll end up losing money rather than making a return on your investment due to the lira’s declining value.

Don’t expect your net yields to approach 5% in reality either. Vacancy rates are generally high in Turkey, so after deducting repairs, damages, and the fact that you probably won’t have a tenant all the time, expect lower yields. Not to mention you’ll get paid in terms of Turkish lira.

Geçici Koruma Kapsamında Bulunan Suriye Uyruklu Yabancıların Dikkatine — Regardless, Turkey offers one of the most attractive citizenship by investment programs in the region. Don’t let us stop you if your goal is buying a second home or obtaining another passport.

So buying real estate in Turkey is still a solid choice if you’re looking to get a second citizenship. If having another passport is your top priority instead of profit, then real estate in Turkey may be worth it – just don’t expect an optimal investment.