Living Expenses in Turkey
As an investor in Turkish real estate, it’s important to consider the cost of living in the country. While Turkey is known for its relatively low cost of living compared to many other countries, there are still costs associated with living and doing business in the country. By understanding these costs, you can make informed decisions about your investments and budget accordingly.
One of the key factors that can impact the cost of living in Turkey is the location of your property. Istanbul is known for being a more expensive city compared to other parts of Turkey, with higher costs for things like housing, food, and transportation. However, even in Istanbul, the cost of living is generally lower than in many other major cities around the world. For example, the cost of a one bedroom apartment in the city center of Istanbul can range from around $800 to $5000 per month, depending on the location and amenities. Food costs can also vary, but a meal at a mid-range restaurant in Istanbul will typically cost around $15 to $25 per person.
Another factor that can impact the cost of living in Turkey is the type of lifestyle you lead. If you are used to a more luxurious lifestyle, you may find that the cost of living in Turkey is higher than you are used to. On the other hand, if you are comfortable with a more modest lifestyle, you may find that the cost of living in Turkey is very reasonable. For example, if you are willing to live in a smaller apartment, shop at local markets, and dine at local restaurants, you can expect to pay significantly less for your daily expenses.
At Majesty Turkey, we understand that moving to a new country can be overwhelming, and we are here to help our clients adjust to their new home. We offer an orientation service to help our clients get acclimated to life in Turkey and provide tips and advice to make the transition as smooth as possible. Our team is knowledgeable about the local culture, customs, and laws, and can provide valuable insights to help our clients make the most of their investments in Turkey.
If you are considering investing in Turkish real estate and have questions about the cost of living in the country, we encourage you to contact Majesty Turkey to learn more. Our team is here to support you every step of the way and ensure that your investment in Turkey is a success.