The great allure of owning a second home in Turkey is obvious. Investors are attracted to the combination of a warm climate, ancient historical heritage and a property market that remains among the fastest growing in Europe.
Property in Turkey is particularly popular with British buyers, drawn in by low prices and high yields on holiday rental properties. The process of buying property in Turkey has become a lot more transparent in recent years. This has helped make life a lot easier for foreign investors than in the past.
As a result, there is no shortage of agents dedicated to selling investment opportunities in popular areas of Turkey’s coast and cities like Istanbul, which is experiencing its own spectacular construction boom.
What’s often missing from glossy investment brochures however are the finer details, such as tax liabilities and the costs of managing a property that is often several thousand miles away from the home country.