This is an update to my previous post back in 2020 .. reasons why to move or retire in Turkey.
Well, things changed world wide
The Covid disastor, the lack of available truck drivers, the high delays and cost of international shipping,
world wide high inflation on all consumer goods, and yes the war in the Ukraine. Things are very vey high in Turkey now...
so if you have not purchased back in 2020... you will pay for it now.
Here are the updated cost of living in Turkey: _
Mainly what changed is the food and consumer goods prices is 2 to 4 times higher than 2020 due to inflation.
Cars are 3 to 4 times higher than 2020. Apartments purchase is 3 to 4 times higher than in 2020
Car or Apartment Rentals is 3 to 5 times what it was in 2020. this is all due to high demands. people are coming to Turkey from all over the world.
with this being said. you still can retire for $1,500 per month. but it will be tight. Providing you purchased your car and your new apartment already. if not. then you need at least $1,700 to retire comfortable $1,700 currently it is equals to 25,2267 LIRA . You'll live great! if single, if a couple, you still live super but, if you have more than one kid then you will need minimum of $2,000 to $2,500 per month to live super comffie as a family of 4 or maybe 6
Reasons why you should Move or Retire in Turkey in 2022
The country is very clean and safe it has all types of services like in America but at a lower cost.
Very safe to walk the streets, very low crime rate
Free schools; make sure you bring the official transcripts with you
Purchase old or new apartment and u get permanent residency visa
You need at least $1,700 per month to Live Great in Turkey that is equals to 25,2267 LIRA per month ...
that is alot of money believe me
Living costs from Low to High living per month as follows:
One time visit visa for =$25 good for 3 months
1 year visit visa= one person single =$150 one year
1 year visit for the whole family with kids =$350 one year -- $700 for 2 year visa
Apartment Rent furnished/ unfurnished & Low to High = $235 to $ 500 per month
Cost to Furnish your apartment A/C, Kitchen, Bedrooms,etc. Low/High = $4,000 to $7,000
Apartment services fees= $15 to $110 per month
Monthly Food shopping = $250 to $ 500 per month
Electric Bill= $40 to $ 200 per month
Gas Bill (cooking) = 26 per month
Water Bill= $5 to $25 per month
Fast Internet/Cable= $12 to $ 29 per month
Cell phone= Minutes, SMS and Data = $5 to $10 per month
Buying a good used car = $10,000 to $14,500
Car Fuel (gas) = $50 to $100 per month
Car Insurance full coverage = $270 per year
** Buying a new apartment = $95,000 to $300,000
I would suggest you purchase directly from the Turkeish Builder.
TO get Turkish citizenship purchase from a Turkish builder an Apartment that is worth $400,000 ..
Be advised, Real estate Agents hike up the prices $15k to $25K more than what the Selling owners is asking for.