Is Turkey a Good Place for Retirement?

Turkey is a good retirement destination with its low cost of living, advanced health system, safety, scenic beauty, and relaxed seaside lifestyle. Not to mention the year-round warm weather and easy access to the greenery and beach.

Retirement Benefits in Turkey for Foreigners

Turkey’s retirement benefits are seen in all aspects of life. Some are;

• Low Cost of Living

Turkey is a popular destination for retirees as it generally has cheaper housing, healthcare, food, and transportation costs than many European countries and the USA. You live a comfortable life with a reasonable budget.

The currency is a huge advantage for foreigners in Turkey. That’s why foreigners have a high purchasing power. You don’t need an additional income. Your savings for retiring will let you live here in comfort.

• Healthcare

Türkiye is a global healthcare star. It is well-known for its exceptional quality and affordable prices. Every region has both public and private hospitals. Pharmacies are also available everywhere. There are English-speaking doctors and officials in hospitals. You don’t have any language problems.

After more than a year of residence in Turkey, you can apply for universal health insurance. Private health insurance will also give you many privileges. You will have peace of mind about the healthcare system in Turkey.

• Taxation and Retirement Benefits

You will only pay taxes on income earned within Turkey if you are a foreign citizen. You don’t pay taxes on your pension or retirement income. Retirees may benefit from significant tax savings.

For example, US retirees living in Turkey must only make one country’s social security payment. Also, your retirement benefits will be valid when you live in Turkey.

• Beautiful Nature and Seaside Living

The Turkish coastline is among the most stunning in the Mediterranean. You can enjoy a warm climate all year. You can swim even in winter. The history and scenic beauty are rich. There are numerous locations and monuments to see. Seeing everything is truly quite a task in Turkey.

• Delicious Cuisine

Turkish cuisine is delicious. It is easy to access fresh and healthy food for all diets, such as vegan, vegetarian, pescatarian, etc. Every region has local bazaars where fresh vegetables and fruits are sold.

• Relaxed Daily Life

Life in general is easy. The supermarket delivers to your door. There is any type of shop where you can buy whatever you want. Online banking is super easy. You can handle everything over the phone. People try to help you.

Many events such as local festivals, concerts, and art shows are organized throughout the year in Turkey. You can also try numerous outdoor activities and sports, such as golfing, trekking, and gardening. Not knowing Turkish does not make your life difficult, but learning is always good for being in harmony with the environment and local culture.

Turkish hospitality is also world-famous. The neighborhood is an important culture in Turkey. It is a great blessing to have someone who can ask for help just one step away. Socializing is easy for all age groups.

Security is one of the most important issues. Türkiye is safe to live in. The crime rate is low.

• Central Location and Advanced Transportation Network

Transportation is very comfortable both between countries and within the country. Turkish airports have direct flights to many countries. You may not even need a car while living here. You can run errands by bus in big cities or by walking in smaller towns.

Similarly, Turkey's central location means that it shares time zones with many other countries. It makes it easier to stay in touch with loved ones back home.

Visas and Residence Permits in Turkey for Retirees

There is no specific visa for retirees. You can apply for a tourist residence permit for short stays. But if you want to stay for more than 90 days within a year, you can apply for a long-term residence permit by real estate investment in Turkey.

This long-term residence permit is easy to apply for and gives you a chance to live permanently in Turkey. You just need to buy a property valued at least USD 200.000. To stay in the country, you must not sell your property and must renew your permit annually.

If you want to apply for Turkish citizenship, you purchase a property worth at least 400,000 USD. You must hold this property for at least 3 years on your behalf.

Housing in Turkey for Retirees

Real estate prices in Turkey are affordable. That’s why the Turkish real estate market is preferred by foreign buyers for living, vacationing, and investment. In addition to their affordable prices, it is easy to find many houses with large gardens/private pools and close to the beach. Having many home options is a huge ease for retirees.

You can find properties to suit every desire and need, both in the city center and in more peaceful rural areas. You can make the purchasing process very comfortable by working with an experienced real estate company. You can check Property for Sale Listings in Türkiye to see property prices and the latest hot deals.

What is the Cost of Living to Retire in Turkey?

Retirees' cost of living in Turkey varies according to lifestyle, location, and personal preferences. As such, claiming a certain amount of money would be misleading.

However, in comparison to the USA and other European countries, retirees live at more affordable prices in Turkey. According to Numbeo, the cost of living including rent in the USA is 120.6% higher than in Turkey.

Where are the Best Locations in Turkey to Retire?

Antalya, Muğla, Mersin, İzmir, and Trabzon are some of the best places to retire in Turkey. All make retirees happy with their well-developed urban infrastructure, proximity to the sea, and comfortable living conditions.

The Mediterranean Region is the greatest option, especially if you’d like to enjoy warm weather, sea living, and an easygoing lifestyle. Antalya, Muğla, and Mersin in this region are the most preferred.

If you want to learn more about settling and buying a home in Turkey, you can call TEKCE at any time.

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