At the present time, buying apartments in Turkey is a golden opportunity for investment if the investor manages this opportunity properly and follows the steps and advice imposed by the method of trading and investing in the Turkish real estate market so that he can achieve the long-term goal of obtaining a profitable return on real estate investment in Turkey, and this is what We will try to explain it in the following paragraphs:
Tips for buying apartments in Turkey:
Often the amount invested in the Turkish real estate market is not a small amount, so it is necessary to follow some tips and directions to mitigate the risks associated with the investment process:
1. Since the amount that is the price of the apartment is not small, it is better not to pay the full price of the property before completing the construction process and receiving the property according to the rules.
2. It is necessary to conduct a field visit to the apartment to get acquainted with the specifications of the apartment on the ground and to make sure that the specifications of the apartment match the specifications presented, and not only to learn about the specifications of the property through electronic marketing means
4. Not to be lenient in the errors discovered in the property immediately before receiving it, and to seek the assistance of a technical specialist to follow up on the conformity of the property specifications that were agreed upon during the purchase process on the scheme.
5. If you do not have the legal basis for real estate investment assets in Turkey, you must appoint a specialized lawyer to follow up the legal procedures regarding the purchase of real estate.
6. Do not rush to sign the contract until after confirming the specifications of the apartment and inspecting it, not before the inspection.
7. Dealing with official agents in the Turkish real estate market and officially authorized to work in this field
8. Obtaining the real estate registry information on the property you wish to purchase with the real estate appraisal document issued by the same registry through a specialized committee.
Factors affecting the purchase prices of apartments in Turkey
The final property price is what determines the profit margin that the investor seeks, and there are several factors involved in this determinant:
1) The location of the apartment directly affects its price, is it near vital and service centers, or within remote or extreme areas far from basic service centers such as hospitals, schools, universities and transportation lines, and if the apartment is within a residential complex, this will increase the price of the apartment certain additional costs such as security protection fees, electricity fees, maintenance fees, and others.
2) The volume of demand for apartments in the Turkish real estate market, the greater the demand for them, the higher the price of apartments, given that investment in the real estate sector is a type of long-term investment and is therefore slow to be affected by the economic fluctuations that the countries of the world are witnessing due to the current conditions, so real estate investment In Turkey, there is a strong demand by investors to protect their capital from the risks of investing in other sectors. This increase in demand has led, in one way or another, to a rise in real estate prices.
3) The exchange rate has changed due to the successive economic crises that afflict the world, which in turn affects the level of global prices, knowing that the real estate sector in Turkey is the least affected by these fluctuations.
Forms of real estate investment in Turkey that create the golden opportunity for you
The golden opportunity in real estate investment is an industry that needs ingredients and experience in order to achieve investment profits, and we will address the forms of investing money in Turkish real estate successfully:
business investment:
It means investing money in all real estate such as shops, stores, warehouses, commercial, industrial and agricultural facilities, restaurants, cafes, and shops located in bazaars and large commercial complexes that are dedicated to commercial activities only and have nothing to do with housing at all, as each real estate specialization has specifications that are consistent with this specialty. Autumn and winter are the most appropriate times for real estate investment in offices, shops and universities because of the diversity of economic and scientific activities in this period of the year. As for the summer, it is the golden season for real estate investment in tourism and entertainment facilities, especially in a tourist country like Turkey, which attracts tourists and witnesses internal and external tourist movement from all over the world.
residential investment:
It means investing money in buying apartments, but in the golden time that creates the golden opportunity for you, which is before the peak demand period, which is usually either before entering the school year if the investment is in student housing, or after leaving the winter, i.e. in the spring if the investment was in regular and tourist apartments, and there is another group that says that the summer is the best time because of the search for an apartment in Turkey, and the profits are reaped from real estate investment in apartments as follows:
Apartment rental:
In fact, it is difficult to limit the number of properties that are subject to rent in Turkey, where various types of properties are rented according to the peak seasons to take advantage of the highest level of rents, which rise annually in Turkey at a rate of 10%, as this type of real estate investment is profitable and guaranteed.
Resale apartments at a higher price:
This type of investment depends on a certain professional technology. It depends on the purchase of damaged or simple apartments or apartments in projects under construction whose purchase cost is low, and then the property owner completes the construction, engineering and cladding of these apartments at his own expense to make them look civilized, contemporary and attractive to resell these buildings for huge sums of money and reap fantastic profits.
Return on investment in apartments 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. These costs are the ones that directly affect the calculation of the rate of return as they include 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 rate intervenes, and in all cases and in light of all the fluctuations that any economy in the world is exposed to, real estate investment, especially in Turkey, remains fast recovering and reaps huge profits for investors in this sector, whatever the type of investment In the commercial or residential field, you can easily notice the huge volume of sales and purchases of apartments, as well as the large number of economic, commercial and residential projects in Turkey due to the availability of appropriate conditions from the infrastructure to the transportation network and various service centers, including health, educational and commercial, and these projects are accomplished by huge, ancient and well-known companies at the global level.
These were all the inputs that make buying apartments in Turkey a golden opportunity for investment, resulting in different profitable outputs, including cash and assets that will generate profits for you to the end of life.
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