Buying cheap house in Istanbul
Turkish government reduced the price of the house in order to raise the investments and encounter a good demand from foreigners. But this fall is temporary and will rise again.
Buying property in turkey is recommended for the people who are familiar with business or can afford buying a house here. Because living expenses are quite high in Istanbul and big cities.
Right now they will issue permanent residency after 5 years to people who buy properties less than 250000 dollars but this might change in the future.
People who buy properties more than 250000 dollars in turkey can get Turkish residency for themselves and their first class family like spouse and children under 18.
Buying cheap house in turkey
We don’t recommend cheap houses to you in Istanbul. There should be a reason behind the cheap price everywhere in the world.
There are many problematic houses in Istanbul that buyers are not aware of them and might fall for them without being aware of its potential flaws.
There is a possibility of buying house with every budget but the house deed, its location and accessibility of the property is important.
House price in turkey
The prices differ based on the property’s location and number of the rooms.
Istanbul includes many districts that each one divides into good average and bad.
When the property has nothing to offer to the client then it has no value and people might lose their money on it.