Tourist real estate investment with a high and guaranteed rental return
Turkey’s real estate is very diversified, and this is one of the reasons that it became a target for many who are looking for a diverse and brilliant investment. A fact that supports the feasibility of investing in real estate in Turkey is that it is strongly touristic, as it is rich of many archaeological and historical monuments, in addition to the amazing nature.
Based on that fact, investing in commercial and tourist real estate will make a definite profit, through the following article, we will discuss the details of this investment.
Touristic real estate:
- These properties are restaurants, cafes, hotels and malls. They are the destination that tourists do not hesitate to visit.
- Houses located near by the sea also classified as touristic real estate, and the best way to invest in touristic real estate is to offer them for rent, as it is highly profitable, especially in the tourism seasons.
- Shops are one of the destinations as well that tourists visit when they come to Turkey.
Types of touristic real estate in Turkey and the importance of investing in them:
1 - Commercial malls:
- If you want to invest in malls, you must go directly to the key and main Turkish cities, such as Istanbul or the Turkish capital, Ankara.
These malls are of great importance in Turkey, as they serve the commercial and tourism activities that is a destination for all local residents.
Malls in Turkey are have the most famous and international brands, in addition to restaurants, children's playrooms and cinemas.
2- Hotels:
The tourist will certainly need an accommodation during his stay in Turkey, and no better than hotels, as they provide all the services needed.
- Hotels considered as high returns investment, especially if they are chosen according to sound rules. It is important to choose a good location, as it should be close to main roads and public transportation, and it should have a great view as well.
- Hotel investment profits increases annually between 8 - 15% of the total property value.
3- Restaurants and cafes:
Restaurants are the preferred destination for locals and tourists, especially as they offer appealing meals, many of which are traditional Turkish food, western and eastern food, in order to satisfy all different cultures in Turkey. Therefore, the returns are throughout the year.
What is the importance of investing in touristic real estate in Turkey?
Distinguished geographical location:
-The geographical location of Turkey plays a major role in the success of real estate investment, as Turkey is in the middle of the world's continents and it is exposed to the most important seas.
In this context, as part of it is within the European continent it has a great importance, also being close to the Arab world in general.
Commercial importance and advanced infrastructure:
Turkey is one of the most important global commercial centers, and having a numerous huge projects helps it to outperform and enjoys the dominance and excellence in the world. Most notably is the new Istanbul Airport, that ranked first in the world.
- Turkey is well developed in terms of transportation, in addition to the expansion of highways.
Real estate in Turkey is known by high quality and top-notch specifications, as well as reasonable and low prices. It can be easily shown when comparing with other countries.
Government reinforcement and facilities provided:
The procedures for owning real estate in Turkey are simple and easy. It has clear and flexible laws. One of most prominent aspects of government support for foreign investors is the reduction of the tax value.
Obtaining the Turkish citizenship through the investment in real estate with an amount of ( $ 250,000 ) two hundred and fifty thousand USD.
Tips for investing in a touristic property in Turkey:
1 - The location should be carefully chosen, it has to be easily accessible, in addition to the city chosen, and some of the most prominent Turkish cities that are suitable for investing in a touristic property is Istanbul, Antalya and Bursa.
2 - It must have high-end features and modern designs that attract the attention of tourists, and it must contain ventilation outlets.
3 - The area of the property must be spacious and equipped with central heating and intense lighting. It is important to connect it to parking lots, in addition to the ATM machine.
4 - It is advisable to choose to buy apartments within the touristic cities, because real estate prices are constantly increasing there. This is what Yalova, Sakarya and Mugla witnessed this year.
5 - It is important that the property purchase be through a real estate company in Turkey, as it provides its client with a high and guaranteed rental return that may reach five years.
To conclude, touristic real estate in Turkey is one of the most important and profitable options offered by the Turkish real estate market. In case you are looking for profits, do not hesitate to choose one of them.
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