The remarkable increase in real estate sales in Turkey 2022 reflected positively on the movement of real estate investment in Turkey and on the Turkish economy in general, as the flow of local and foreign capital increased in the Turkish real estate market and the volume of trading for various types of real estate and various forms of real estate investment increased, is there a certain code behind this rapid development in the real estate sector in Turkey?
What are the reasons for the noticeable increase in real estate sales in Turkey?
There are underlying reasons behind this remarkable increase in real estate sales in Turkey, discover them with us:
The great diversity of real estate traded in the Turkish real estate market:
This diversity provides investors and consumers with many options that suit their financial capabilities and investment objectives, with the variety of specifications and costs associated with them. These types are summarized as follows:
studio apartments:
The studio apartment consists of one room with a kitchen. You can't imagine the huge demand for this type of real estate, so real estate investment in it is one of the most successful forms of Turkish real estate investment as it meets the demand of singles, small families and international students.
Smart Apartments:
Smart apartments are the ones that rely entirely on technology and are managed and controlled by an application that is downloaded on the mobile phone and tablets to control all the devices in the house with a single touch on one of the icons of this application.
Commercial offices:
It is the real estate intended for various businesses and commercial activities, which are usually located in major commercial centers and famous malls. Real estate investment in commercial offices is one of the most popular and profitable forms of real estate investment in Turkey.
Penthouses:
This type of apartments is found in high-rise buildings and skyscrapers and on the upper floors of them and extends over an entire floor area and is characterized by external glass facades that make you overlook the charming landscapes surrounding those towers, extending as far as the eye can see while you are inside the apartment without the need to sit on the balconies.
Duplex apartments:
These apartments are the ideal choice for large families, or they can include more than one family, so it is comfortable for them in terms of space and facilities. It usually consists of two floors, each of which includes many bedrooms that are suitable for large family members, in addition to the bathrooms and the kitchen.
Usually, the two floors are connected by a staircase for ease of movement between members of the same family. This type of apartment gives a lot of intimacy when the family gathers at one table. It also maintains privacy because there are two floors served with all the necessities.
Butterplex apartments:
Butterplex apartments consist of three floors instead of two, and each floor is fully serviced in terms of bedrooms and facilities, as it is suitable for families with the largest number of individuals.
Diversity in forms of real estate investment in Turkey:
Diversified investments in real estate in Turkey increase the market's richness, growth, development and prosperity and encourage investors to buy real estate in different ways to achieve diverse and different returns, and this explains the noticeable increase in real estate sales in Turkey, and the forms of real estate investment are:
Purchase for rent:
This type of real estate investment depends on buying real estate at the right time and then renting it out in times of peak economic, residential or tourist activity. Where this type of real estate investment is profitable and guaranteed, and this investment method achieves a material return that rises annually at a rate of 10%.
Purchase for resale:
This type of real estate investment depends on buying old apartments and or apartments under construction within residential projects at a low price, and then the investor completes the construction, engineering and cladding of these apartments at his own expense to make them appear civilized, contemporary and attractive so that they can be resold with huge amounts of money and reap high profits.
Return on investment in real estate in Turkey:
The return on investment is defined as the ratio of the profit earned by the investor to the total cost after excluding all the costs associated with the investment process,
It is these costs that directly affect the calculation of the rate of return, as they include the costs of maintenance, repair, rehabilitation, modern designs and all additions and accessories, in addition to a very important aspect, which is if the purchase is financed directly or indirectly through loans, where the interest increases the cost of the property.
Relative stability in real estate prices in Turkey compared to neighboring countries:
It is noticeable that real estate investment in Turkey is recovering quickly and reaps huge profits for investors in this sector, regardless of the type of investment in the commercial or residential field. You can easily notice the huge volume of real estate sales and purchases, as well as the large number of economic, commercial and residential projects in Turkey.
Provides a successful investment environment in the field of real estate:
It is expressed in the availability of appropriate conditions in the Turkish real estate market, from the infrastructure to the transportation network, ending with the various geographical locations in the heart of the city or in the suburbs, depending on the type of project. These projects are implemented by large, prestigious and globally known companies.
Government facilities for investing in real estate in Turkey:
In general, there are no restrictions on those coming to real estate investment in Turkey. On the contrary, the Turkish government grants many facilities and stimulating measures such as tax exemption and reductions in customs duties, leading to exemption from them. The Turkish government also provided investors with the opportunity to open branch offices of international investment companies, whether those companies are real estate Or otherwise, to be related to the main company.
Global real estate investment development:
Globally, real estate investment is witnessing remarkable growth and development, let alone if all the stimuli in Turkey support this growth in this type of investment, as the Turkish government has established an Investment Support Agency backed by a twelve-language website to address investors from all over the world and attract them to invest.
Investing in real estate in Turkey is guaranteed by the Turkish government:
Real estate investment, in general, is considered one of the investments that are guaranteed with the least risk or adventure that other types of investment encounter. It is also considered less vulnerable to global economic fluctuations, however, when the government undertakes the issue of supervising real estate projects by itself, so that real estate products see the light with the highest specifications and conform to international quality standards, this constitutes a special kind of guarantee for investors.
This remarkable increase in real estate sales in Turkey is behind a well-thought-out long-term government strategy in terms of providing an effective investment environment, ensuring safety for the incoming of capital and attracting real estate investment in Turkey.
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