Why Retire (or Buy a Second Home) in Turkey?
Turkey has most of the key characteristics westerners look for in retirement locations: great year-round weather, close-knit communities and access to big cities, low crime rate, affordable housing, availability of modern commodities, low-cost high-quality medical treatment, beautiful surroundings, a good inexpensive public transportation system, a relaxed cafe culture, and plenty of opportunities for sports and outdoor activities. For all of these reasons, it’s also a great place to buy a second home or vacation home. Every year more families from the UK and other European countries are flocking to the Turkish Riviera for their summer holidays. Turkey’s Mediterranean and Aegean coasts are both safe and affordable, both culturally interesting and comfortable. Compared with Spain, the cheapest destination in Europe, Turkey has both a lower crime rate, and lower housing prices. It is possible to retire at the standard you expected before the recent financial crash(es) – and Turkey might be the perfect place to enjoy the next years of your life.
Here are seven Great Reasons to Retire in Turkey:
1. Turkey is Affordable
- Cut your living costs in half! The dollar (and the Pound) is very strong in Turkey: currently 1 USD is 2.52 Lira. Almost everything – from eating out to taking a taxi to buying a new pair of shoes costs half of what you would pay in the US, and a third of what you would expect in the UK.
- Service in Turkey is inexpensive. For only $50 a month you can have your home cleaned weekly. Having in-home care also won’t wipe out your bank account.
- Turkey has effective, modern, low-cost medical care. Even without extensive insurance, you don’t have to juggle your health and your pocketbook. Turkey has a number of private international hospitals offering walk-in appointments and diagnosis at a fraction of the out-of-pocket price in the US.
2. Turkey is Safe
- The crime rate in Turkey is far lower than the US and most of Europe. This is particularly true for crime in public places, or crime against strangers. Violent crime is unusual, especially in the coastal towns where most people choose to retire.
- Towns are pedestrian friendly! While Turkish drivers may have a reputation on the roads, the majority of towns and urban downtowns are designed to be walkable, and are very pedestrian-friendly.
3. Turkey is Famous for Cultural Warmth
Whether it’s late-night raki toasts, greeting your new neighbors, cheering over a football match, or actually getting an answer when you call Turkish Airlines to change your flight, you will certainly find people in Turkey to be warm and welcoming in interpersonal relations.
Turkish social culture also places high regard on respect for elders, whether foreign or local. Older “aunts” and “uncles” are held with respect, and are rarely the victims of petty crime.
4. Turkey Offers Great Coastal Weather
From Izmir to Antalya, most coastal communities have an average yearly temperature of 65°F accompanied by nearly three thousand hours of sunlight. In January the daily average is 49°F (the same as Phoenix, AZ), and in July 83°F (that’s twenty-three degrees less than Phoenix). Winters are cooler and quieter, leaving year-round expats more opportunities for off-season exploring.
5. Turkey has Fantastic Food
- You’ve probably heard of pide, kebabs, and baklava, but Turkish cuisine has a lot more to offer, from fresh-caught seafood to savory pastries to grilled vegetable dishes, to springy salads to tantalizing deserts and farm-fresh fruit.
- Traditional Turkish cuisine is heart-healthy. Recent studies have shown the Mediterranean diet, including olive oil, nuts, fruit, and fish to be beneficial for preventing heart disease, lowering cholesterol, and contributing to a healthier lifestyle.
- Turkish produce and packaged food is also generally fresher and safer than what we find in a grocery store in the west. Most fruits and vegetables are grown locally, with a minimum of pesticides. There are no GMOs. And the boxed foods you buy at the store will have fewer additives and chemical preservatives.
- In case you tire of Turkish fare, you can always find restaurants offering a great variety of international cuisine, from Italian to Indian, American burgers and pizza to traditional British breakfasts with imported baked beans, Mexican to Chinese. Fast food restaurants like Pizza Hut and McDonalds can be found in most locales, as can Starbucks. Though once you taste a Turkish coffee you might find it impossible to enter another Starbucks…
- Even eating out is inexpensive! Outside of Ankara and Istanbul, expect to pay $8-$15 (5-10 GBP) per person for a complete meal including salad, soup, entree, drinks and dessert – or less at local cafes and chains.
6. There’s Plenty to Do!
Whether you enjoy ocean sports like swimming and sailing, pampering yourself at the spa, taking hikes, learning traditional arts and crafts, spending the afternoon with a book at a café, biking along the coast drinking local beer and cheering on a soccer match, or visiting roman ruins, there’s plenty on offer in Turkey’s cities and towns. And because Turkey has few segregated retirement communities, you will always be surrounded with lively people of all ages, even in towns with larger western retirement populations.
7. You’re Making a Great Investment!
Turkey has a growing economy. Investors make a minimum average of 10% on their investments each year – and you should too if you invest in the growing real estate market. Following Turkey’s accession into the European Union, real estate price will only rise higher, and you should make a good return.
Retire in Turkey. Retire Smarter.
Retiring abroad doesn’t have to be a lesser alternative.
Retiring abroad can be fun and exciting, and yet still comfortable and safe
Recent economic changes have made it impossible for many Americans and Europeans to retire as they had planned. Those approaching retirement age are often faced with hard choices: working later in life, retiring with less comfort and freedom, or moving to cheaper – and less desirable – communities. Traditional retirement communities abroad may seem too expensive, or too wrought with crime. However, as legions of Europeans have already discovered, Turkey offers the best of both worlds: affordable options in safe, stable, sun-filled communities.Retire Smarter.
Why settle for something less? Spend your money where it stretches the furthest and where the returns are the greatest. Turkey has a growing economy, and is in many ways a modern country – yet living costs are far lower than in the west. For the same price you would spend in a crime-ridden outer suburb of Phoenix, you can purchase a modern apartment with a pool and twenty-four hour maintenance and security within walking distance of the beach. On the same budget that would leave you struggling in the states, you can live with relative ease and comfort, eating ou
Recently, Turkey was named one of the “Top Five Destinations to Retire Abroad” by moneywise.co.uk
Here you can venture out to spend the day wandering around roman ruins, shop for fresh bread and hand-picked fruit at the local bazaar, and yet live in a complex or community with 24 hour security, on-duty repairmen, trimmed lawns and a clean community pool. You don’t have to choose between adventure, affordability, safety and comfort.
In Turkey you can have it all.
You can live in a small community, but a ten minute walk to a quiet beach in one direction, and a ten minute walk to international cafes and bustling bazaars in the other. On Sunday morning you can drive thirty minutes to have brunch under a grape terrace before exploring ancient ruins, or you can drive an hour down the coast to experience the international nightlife or soak in the spa at a luxury resort in Bodrum. Due to Turkey’s relatively small size, you don’t have to choose between quiet country life and urban offerings.
Walking through town you’ll find plenty of signs in English, and in the evening British and continental Europeans will flock to the city’s boardwalk cafes. During the day, the same sidewalks are filled with local school children. You can live in a real town, with a strong local community filled with people of all ages, and yet still navigate with ease and have a close group of year-round resident English-speaking friends.
In Turkey you don’t have to choose.