Buying Real Estate in Turkey: A Value Trap?

  Foreigners are buying   real estate in Turkey   more than ever. Property values in Istanbul are among Asia’s lowest, and the Turkish government is encouraging foreigners to invest. Is it possible these investors are making a mistake though? With real estate prices hovering around just US$1,000 per square meter in Istanbul, is buying Turkish real estate too good of a deal to be true? There are indeed many positive aspects to investing in Turkey’s property market. A strategic location at the crossroads of Europe and Asia makes the country an ideal regional business hub. Likewise, real estate values in major Turkish cities like Istanbul, Ankara, and Izmir are not only cheap… but investing here will also open a path to citizenship and obtaining a second passport. Turkey’s appeal is evident, between its low property prices and citizenship. Still, you should consider the drawbacks of any investment decision. In this article, we’ll discuss how you can become a Turkish citizen ...