Buying Real Estate in Turkey vs. Buying Real Estate in Thailand: Differences and Advantages

Buying Real Estate in Thailand: Discover the Advantages!

Real estate investment continues to be an attractive option for many investors both in Turkey and abroad. However, there are significant differences and advantages between buying real estate in Turkey and Thailand. In this article, we will compare the real estate markets of both countries and discuss the factors that encourage investors to buy real estate in Thailand.

1. Market Conditions

Real Estate Market in Turkey

In the last five years, real estate prices in Turkey have generally increased by 50-60%. However, this increase has regional differences. For example, while the increase rates in big cities (Istanbul, Ankara, Izmir) are up to 70-80%, this rate is around 30-40% in rural areas.

•    2021: The average property value of 1,500,000 TL increased to 2,400,000 TL in 2022 and 2,700,000 TL in 2023. •    Total Profit: 2,700,000 TL - 1,500,000 TL = 1,200,000 TL
•    Change Percentage: 1,200,0001,500,000×100≈80%\frac{1,200,000}{1,500,000} \times 100 \approx 80\%1,500,0001,200,000×100≈80%

While this situation offers earning opportunities for investors, market fluctuations and economic uncertainties can make the investment process difficult.

Real Estate Market in Thailand

Thailand has a very attractive real estate market for foreign investors. In the last five years, real estate prices in Thailand have increased by an average of 30-40%. Properties in tourist areas in particular have higher return potential.

•    2021: A property that was 1,000,000 Baht increased to 1,300,000 Baht in 2022 and 1,400,000 Baht in 2023.

•    Total Earnings: 1,400,000 Baht - 1,000,000 Baht = 400,000 Baht
•    Change Percentage: 400,0001,000,000×100≈40%\frac{400,000}{1,000,000} \times 100 \approx 40\%1,000,000400,000×100≈40%
This increase is another important factor that makes property acquisition in Thailand attractive for Turkish investors.

2. Return on Investment

Return on Investment in Turkey

The return on real estate investments in Turkey generally varies between 5-10%. However, in some regions this rate can go up to 15%. Although rental income is generally low, property value increases may increase over time.

Return on Investment in Thailand

Real estate investments in Thailand offer a higher potential return on investment. Especially in touristic areas, rental income varies between 8-12%. For foreign investors, fluctuations in exchange rates support the increase in property value. Real estate investments in Thailand offer significant earning opportunities with both the increase in property value and rental income.

3. Investment Process

Investment Process in Turkey

When investing in real estate in Turkey, bureaucratic procedures and permit processes can be time-consuming. Title deed fees and other expenses can be challenging for investors. You may encounter some additional expenses (notary fees, commissions, etc.) especially when purchasing a property.

Investment Process in Thailand

The property purchase process in Thailand is generally simpler and more user-friendly. Foreigners can find long-term solutions with lease agreements in property acquisition. Lease agreements can usually be made for up to 30 years and these agreements can be renewed. This situation ensures that they encounter fewer bureaucratic obstacles in purchasing real estate in Thailand.

4. Quality of Life

Quality of Life in Turkey

Turkey is a country full of historical and cultural riches. However, security and infrastructure problems can be experienced in some regions. In addition, the cost of living in big cities is increasing.

Quality of Life in Thailand

Thailand attracts attention with its tropical climate, beautiful beaches and low cost of living. Offering a life that foreigners can easily adapt to, Thailand also offers a good option in terms of social facilities and health services. The quality of life in Thailand is an important factor that makes it attractive to many foreign investors.

Why Thailand?

The factors discussed above clearly show why buying real estate in Thailand is more advantageous for Turkish investors. Factors such as higher investment returns, simple investment processes, advantages provided to foreigners and quality of life make Thailand attractive for real estate investment.

Instead of uncertainties and complicated processes in Turkey, evaluating opportunities in Thailand may be a more profitable option for investors. Buying real estate in Thailand offers not only financial gain but also a pleasant lifestyle.

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