Investment Assets: Turkey And Spain

Overseas property buyers often have to choose between Turkey and Spain. We compare life and natural wonders.

SPAIN

From 2004 to 2008, housing prices rose 44%. In the midst of the boom in Spain, property developers worked around the clock to build more homes, which in turn led to a massive surplus. This, combined with a global recession, meant that the Spanish property market collapsed in 2008. For more than seven years, Spain has not yet recovered. According to government data, the average real estate price is 1,458 euros per square meter, which is 36.3% less, taking into account inflation, starting from the peak of the market in 2008, when it was 2100 euros per square meter.

TURKEY

Strong Economic Growth, Healthy Consumer Confidence, and Rapid Urbanization In fact, Night Frank’s Global Housing Price Index shows that real estate prices in Turkey are the third fastest growing in the world. All of this can be bought in Spain for 60,000 pounds. Along with the favorable prices for real estate in the real estate market, Turkey and today the apartments are built to excellent specifications and are designed with a proposal of brands.

INVESTMENT POTENTIAL

Spain

Despite the fact that there are still thousands of unsold properties. Property prices in Spain rose 1.8% in 2014, for the first time in six years. However, housing prices in 2007 decreased by 44%. Banks have large portfolios of property in their books.Until now, the country has about 65,000 residential properties, as well as many commercial premises. Banks sell them at a reduced price, and, despite this, there are huge offers, so investment in Spain for foreigners should be long-term.

Turkey

Real estate market growth has also been driven by a recent change in the rules governing property ownership. Foreign buyers may obtain title deeds known as TAPU. Accommodation and visa laws for temporary visitors have also been amended.when buying property in Turkey. In addition, a visa can be extended for up to 90 days. Changes in the laws of understanding Turkey also allowed to make purchases, which significantly increased the investment potential of Turkey.

Istanbul Real Estate Market

ECONOMIC CLIMATE

Spain

Currently, 4.5 million people are unemployed, or about 25% of the unemployed. The number of beggars on the streets of Madrid and Barcelona is growing. An estimated 1.5 million Spaniards will now also be in search of food. Although the Bank of Spain announced that economic growth in 2015 will be 2.8%, the reality for many Spaniards is very bleak.

Turkey

Say that Turkey is expected to become one of the fastest growing economists in OECD countries in 2014-2016. Significant improvements in such a short period of time have made the 16th largest economy in the world and the 6th largest economy compared to EU countries.

EXCURSIONS

Spain

Gaudi’s wonderful eight-step fantasy of La Sagrada Familia is in Barcelona. Las Ramblas shopping street attracts tourists and locals alike, although its charm has not been tarnished by the number of visitors.

Turkey

In Istanbul, six minarets of the Blue Mosque dominate the horizon and have a great architectural achievement. Shopping paradise can be found throughout the city. The Grand Bazaar is ideal for discount hunters. For example, the Galatta Bridge Hotel on Istiklal Cadessi has many designer retail procedures.

NATURAL BEAUTY

Spain

The Picos de Europa and the Alpujarran foothills in the Sierra Nevada in Andalusia showcase breathtaking Spanish mountain walks. Spain has over 5,000 sea coastlines of the Balearic island of Formentera.

Turkey

The Lycian Way stretches for 500 km around the peninsula, offering stunning views, including many ancient Lycian places. Turkish pools of natural pools. Those in Pamukkale, located near the ruin of the Byzantine Hierapolis, have been collecting bathers for centuries.

LIFESTYLE

Spain

In Spain, a huge number of foreigners, which facilitates resettlement. However, it can be slightly reduced with so many acquaintances. Eda is a good value, and the weather is favorable, albeit far from the south.

Turkey

Warm long summers and mild winters give an average of 300 sunny days per year. There are many ways to take your days in plenty of outdoor activities. There are interesting ancient cities to explore and many expat clubs and events if you plan to live in Turkey all year round.