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When it comes to buying real estate abroad, many investors think about two popular destinations: Thailand and Turkey. These countries offer not only picturesque landscapes and rich culture, but also attractive investment opportunities. But how to choose between the luxurious beaches of Phuket and the dynamic neighborhoods of Antalya? In this article, we'll break down the key factors that will help you decide where to invest in real estate.
Real estate market analysis
Both markets look attractive, but each has its own characteristics that may influence the decision.
Real estate in Thailand
In Thailand, the main investments are concentrated in resort areas such as Phuket, Pattaya and Samui, as well as in major cities such as Bangkok. The demand for housing here is consistently high due to the constant flow of tourists and expats. Real estate prices in resort areas range from €1,800 to €4,500 per m²While in Bangkok, the cost can be as high as €2,700 per m².
Rental yield in Thailand is about 5-10% p.a.which makes investing here very attractive.
Real estate in Turkey
Turkey, in turn, offers equally tempting prospects. Resort areas such as Antalya, Bodrum and Alanya, as well as megacities like Istanbul, attract both local and foreign investors. Price per m² in Antalya starts at €1 400and in Istanbul it can be as high as €3 200.
Rental yields in Turkey range from 6-12% p.a.which makes it even more attractive to investors.
Comparison of key investment factors
When choosing where to invest your money, it's important to consider several parameters:
| Parameter | Turkey | Thailand |
|---|---|---|
| Price per 1 sq.m. on average | $1,500-$3,000 (Istanbul, Antalya) | $2,500-$5,000 (Bangkok, Phuket) |
| Formalization | It's simple, it can be registered to an individual or a company | Restrictions for foreigners, mostly through lishold (30 years) or company |
| Tax on the purchase of real estate | 4% of cadastral value | 1% of assessed value + 0.5% stamp duty |
| Real estate ownership tax, per year | 0.1-0.6% of cadastral value | None for private individuals |
| Payback | Ages 8-12 | 10-15 years |
| Rent per day, average | $50-$150 (depending on location) | $40-$120 (depending on location) |
| Profit per year, on average | 5-8% | 4-7% |
| Annual growth of tourists | 5-8% per year | 6-10% per year |
| Real estate price growth per year | 10-25% (in hot regions) | 5-12% (depending on the district) |
Key Findings:
- Turkey is cheaper at the startbut shows more dynamic price growth.
- Registration in Turkey is easierthere are restrictions on foreigners in Thailand.
- Rental yields are higher in Turkey due to high seasonality, in Thailand income is more stable all year round.
- Taxes are lower in Thailandbut the payback is longer.
- Both countries are attractive to investorsBut Turkey gives faster capital growth and Thailand gives stability.
Nuances when buying a home
When it comes to buying real estate abroad, it is important to understand all the intricacies of the process to avoid unpleasant surprises. Let's look at the peculiarities of buying a home in Thailand and Turkey.
How to buy real estate in Thailand
In Thailand, the process of buying real estate for foreigners has its own peculiarities. Foreigners can only buy apartments in condominiums, and the foreign quota is as follows 49% of the total number of apartments in the building. This means that if you want to buy an apartment in Phuket, you should hurry up to meet this quota. Cost of registration of a transaction in Thailand could be around €1 000-2 000including all taxes and fees.
Land plots and houses are processed through a long-term lease, which can be more challenging.
How to buy real estate in Turkey
In Turkey the situation is simpler. Here foreigners can purchase both apartments and villas with land plots without special restrictions. The exception is strategic territories, where the purchase is not available. Transaction formalization takes one to three months, and additional costssuch as purchase tax, is about 4% of the value of the property.
Similarities and peculiarities of the real estate market
In Thailand and Turkey, it is important to understand how tourist traffic and construction trends affect the market. Both of these destinations depend on tourists, but each has unique characteristics that are worth considering when planning an investment.
Tourist flow
In Turkey, the tourist season is more pronounced, with a peak in the summer months when the beaches of Antalya and Bodrum are filled with vacationers. This creates high seasonal demand for rent, which can significantly increase your profitability during these months. However, during the off-season, demand can decrease, which is something to consider when planning your income.
In Thailand, however, the situation is different. Thanks to its warm climate and a variety of cultural and natural attractions, the country attracts tourists all year round. This ensures steady stream of tenantswhich may be more predictable for long-term rental-oriented investors.
Construction boom
Both countries are experiencing a real construction boom. Thailand and Turkey are actively building new residential complexes aimed at foreign buyers. For example, modern condominiums with developed infrastructure are appearing in Antalya and Phuket, making them attractive to expats and tourists. Prices for new facilities can vary, but they often start at about €1,500 per m² in Turkey and €1,800 per m² in Thailand.
Real estate resale
In Turkey, the market is more flexible due to the possibility of assigning apartments at the construction stage. This allows investors to quickly recover their investment and move on to new projects. In Thailand, the situation is somewhat more complicated due to existing restrictions on the purchase of real estate by foreigners, which can complicate the process of resale.
Understanding the nuances
Understanding all of these nuances will allow you to feel more confident in the real estate market and make informed decisions. If you're planning real estate investments abroadConsider seasonal fluctuations in demand, construction trends and the legal specifics of each country. This will help you choose a strategy that matches your investment objectives and preferences.
Prospects for growth and development of resort real estate
When investing in real estate overseas, it is important to look to the future and assess growth prospects. Thailand and Turkey offer interesting opportunities that may influence your decision.
Perspectives in Thailand
Thailand continues to develop its infrastructure, making it even more attractive to investors. In recent years, the government has been actively investing in the construction of new roads and airports, especially in popular tourist areas. This significantly improves accessibility to resort areas such as Phuket and Koh Samui, which in turn contributes to the following increasing demand for real estate.
Increased demand from expats makes the real estate market in Thailand more stable and promising for long-term investment.
Prospects in Turkey
Turkey is also not lagging behind and is actively developing its real estate market. Large-scale government construction programs and economic support make it attractive for investors. New residential complexes are appearing in Antalya and Bodrum, targeting both local and foreign buyers.
She especially emphasizes economic support for the real estate market by the state, which creates additional incentives for investment.
Yield from short-term and long-term leases
Both markets offer good opportunities for rental income:
- Short-term rentals: In Turkey, the yield is 8-12% p.a.This is due to seasonal demand. In Thailand, yields are slightly lower, 5-10% p.a.But the steady flow of tourists all year round compensates for this shortcoming.
- Long-term lease: More popular in major cities such as Bangkok and Istanbul, where yields are 4-8% p.a.. Turkey offers higher income due to seasonal demand, while Thailand provides stability.
These prospects make both markets attractive long-term investments, and your choice will depend on your personal preferences and investment goals.
Economy and Life
When you are considering buying real estate abroad, it is important to consider not only the cost of housing, but also the standard of living in the country. Thailand and Turkey offer different conditions, and understanding these differences will help you make the right choice.
Life in Thailand
Cost of living in Thailand is lower than in Turkey, making it attractive for those looking for an economical place to live or vacation. Groceries, transportation and utilities are cheaper here. For example, lunch at a local café can cost as little as €3-5and a monthly pass for public transportation is about €20.
Thailand is the perfect destination for those who want to enjoy a high standard of living without spending a lot of money. Short-term rentals in Thailand also remains affordable, attracting tourists and expats all year round.
Life in Turkey
In Turkey, on the contrary, higher wagesand more business opportunities. This makes it attractive for those who plan not only to vacation, but also to work. For example, in Istanbul you can find a job with a salary from €1 000-1 500 per month, which is significantly higher than in Thailand.
Rental yields in Turkey also attracts investors, especially in resort areas where seasonal demand provides high income.
Education and medicine
When you are considering relocating or investing in real estate abroad, the availability of quality education and medical care are important factors. Thailand and Turkey offer different opportunities in these areas, and understanding their characteristics will help you make an informed choice.
Education
In Thailand international schools are concentrated in major cities, such as Bangkok and Phuket. Here you will find schools offering programs in English, such as the International Baccalaureate (IB) and the British education system. This makes Thailand attractive to expats with children who want a quality education in an international environment. Cost of training in international schools can start at €5,000 per yearmaking them affordable for many families.
In Turkey.In contrast, the choice of international schools is wider, especially in Istanbul and Ankara. There are both American and British schools, as well as schools offering IB programs. This diversity allows you to choose the right educational program for your child. Prices for training vary, but on average range from €4,000 to €10,000 per yeardepending on the level and prestige of the school.
Medicine
In Turkey. medicine is also at a high level, especially in the major cities. There are many modern clinics and hospitals that offer services at affordable prices. Turkey is known for its medical tourism, especially in the field of cosmetic surgery and dentistry. Prices for medical services in Turkey are also competitive: a doctor's consultation can cost approx. €25and operations are from €400.
Medical care in Thailand is known for its high quality, especially in private clinics. Many are certified to international standards and offer a wide range of medical services, from dentistry to complex surgical procedures. Private clinics are more affordable compared to Western countries and many expats choose to be treated here. Cost of medical services varies, but, for example, a doctor's consultation can cost about €30and more complex procedures from €500.
Choosing between Thailand and Turkey
These aspects make Thailand and Turkey attractive to different categories of investors and expats. If a wide choice of international schools and a more developed education system is important to you, Turkey may be the preferred choice. If, on the other hand, you are looking for affordable and quality medical care, Thailand offers excellent facilities in private clinics.
Legal and tax specifics
Buying real estate abroad is always associated with legal and tax nuances, which are important to consider in order to avoid unexpected costs and problems. Let's take a look at what peculiarities await investors in Thailand and Turkey.
Legal aspects in Thailand
Thailand has minimal property taxes, which is a big plus for investors. However, there are restrictions on foreignerswho can only purchase apartments in condominiums. However, the foreign quota is 49% of all the apartments in the project. That means that if you're planning buy an apartment in ThailandIt is important to make sure in advance that there are available facilities in the quota.
Legal aspects in Turkey
In Turkey, the situation with legal aspects is more loyal for foreigners. There are no restrictions on the purchase of apartments or villas here, except for strategically important territories. Additional costs on purchase include purchase tax, which is 4% of the value of the property. Property tax is also levied annually, which varies from region to region.
Taxes and clearance
- Thailand: Minimal real estate taxes, but complicated land ownership arrangements. Transaction processing can take up to 3 months.
- Turkey: The purchase tax is 4%and registration takes from 1 to 3 months. The possibility of obtaining a residence permit for real estate makes Turkey attractive for investors.
These legal and tax specifics can significantly affect your decision, and it is important to research them thoroughly before making a final choice.
What should an investor choose?
When it comes to choosing between Thailand and Turkey for real estate investment, it all comes down to your personal goals and strategy. Both destinations have their strengths, and understanding these differences will help you make an informed decision.
Investing in Thailand
If you are looking for a steady rental income and want to enjoy year-round tourist traffic, Thailand can be a great choice. Buy an apartment in Thailand - is an opportunity to earn a stable income even if you do not plan to live in the country permanently. For example, short-term rental yield here is 5-10% p.a.which makes such investments attractive.
An acquaintance of mine, Andrei, who invested in real estate in PhuketMr. Kovalev notes that the steady flow of tourists ensures that his apartment is always occupied, and he is happy with his choice. Life in Thailand is also attractive due to its low cost of living and high level of service.
Investments in Turkey
If liquidity and resale opportunities are important to you, Turkey offers a more dynamic market. Buy a villa in Turkey - It is not only an opportunity to get a high rental income, but also a chance to get a residence permit, which opens up additional prospects. Rental yields in Turkey may reach 8-12% p.a.especially in popular resort areas.
The choice depends on your goals
- If liquidity and resale is important - choose Turkey.
- If you want year-round rental income - Thailand will be a great option.
- If the goal is residence permit or citizenship - Turkey offers such opportunities with investments from €380 000.
- If a low entry threshold is important - Turkey offers budget properties from €45 000.
Ultimately, the choice between Thailand and Turkey depends on your personal preferences and investment goals. Both markets offer unique opportunities and the decision will depend on exactly what you are looking for in your investment.
Conclusion
So, we have looked at the main aspects of investing in real estate in Thailand and Turkey. Both destinations offer unique opportunities and have their own characteristics that may influence your decision.
How do you make a choice?
- For stable income and low living expenses - choose Thailand.
- For high profitability and the possibility of obtaining a residence permit - Turkey will be an excellent choice.
- For investments with a low entry threshold - Turkey offers budget properties from €45 000.
Ultimately, your choice will depend on your personal preferences and investment goals. We hope this article has helped you better understand where the best places to invest in real estate are and you can make an informed decision. If you still have questions or would like additional advice, feel free to contact our experts. We are always happy to help you with this important step.
Turkey offers budget properties from €45,000, making it affordable for investors on a tight budget.
In Turkey, the tourist season is more pronounced, which creates a high seasonal demand for rentals and increases profitability.
Thailand is actively developing infrastructure in resort areas, which attracts expats and digital nomads.
A doctor's consultation in Thailand can cost around €30 and more complex procedures from €500, making medicine affordable.
In Turkey, the choice of international schools is wider, especially in the larger cities, which can be important for families with children.
In Turkey, the process of buying real estate is more transparent and does not have strict restrictions for foreigners, except in strategic areas.
Thailand offers a steady flow of tourists all year round, which ensures a constant demand for rentals and stability in the market.
Thailand has a lower cost of living, making it attractive to those looking for an economical place to live and vacation.
In Turkey, the purchase of real estate from €380,000 can give the opportunity to obtain a residence permit, which makes it attractive to foreign investors.
In Turkey, rental yields can reach 8-12% per annum, especially in resort areas, due to the pronounced tourist season.
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