Why are the prices on the Turkish real estate lower than, for example, in Europe?
Some of the main factors in the cost of housing is the price of labor, which is due to the ratio of demand and supply and the cost of living in the country is lower. And also relatively low taxation makes the prices lower. Q: Why it is profitable to invest into Turkish real estate? Investments in real estate are becoming more attractive for business. Turkey was defined as the prospective direction for investment into real estate. Turkish government is focused on the tourism industry developing and according to their plans in 2020 income from tourism will be already 15% of GDP. Powerful and rapid development of infrastructure (construction of new roads and major airports, new hotels, parks, shopping malls, entertainment areas) makes Turkish real estate market more and more popular. The fact that Turkey has got an incredible popularity because of its fast developing tourism industry stimulates a huge demand for Turkish real estate. And according to experts every year the growing percenta
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