We have a set of reasons that push foreigners around the world to buy real estate in Turkey, and one of the most prominent of these reasons (entering the real estate investment sector) is the high returns, profits, capital development and doubling of it.
In this article, the editorial team at Right Way Real Estate will inform you about one of the aspects that interest you about the real estate market in Turkey, which are the methods through which you can obtain great returns when investing in real estate, and a number of other aspects that interest you in this regard will be highlighted.
We wish you a useful reading.
How do you achieve returns from real estate investment?
There is no doubt that the real estate investment in Turkey is profitable, and this has been proven by all the experiences of many investors, former capital owners, businessmen, specialists and analysts in the real estate market in Turkey.
Although the real estate market in Turkey is completely safe, there are a set of tips and advice that must be taken into account to ensure that your investment will be successful and profitable.
Through the following paragraphs, you can see the most important methods by which high profit can be reached:
1-Choose a strategic location:
One of the secrets of the success of real estate investment in Turkey or in other countries of the world is choosing a distinctive and strategic location because this increases the value of the property on the investment level and makes the demand for it great, but what are the characteristics of a good location?
-To be overlooking the sea, forests or green spaces.
-Proximity to historical, archaeological and natural attractions.
-To be close to one of the strategic projects such as the new Istanbul Airport, the new Istanbul Water Canal, and others.
-To be near the property, there are public transportation links.
2 - Choose the area of the property carefully:
The area of the property should not be very large, because this option of real estate is preferred for large families or people with high budgets, and therefore you will find it difficult to find tenants for the property or resell it if you wish to do so in the future.
As for real estate with small or medium spaces, it can be rented easily and resold quickly when you wish to do so, especially if it is characterized by a strategic location or it is near to which there are public service centers.
3- Real estate in high demand:
If you want to build a successful real estate investment, you should choose to buy real estate that is in high demand, such as residential real estate, which is in high demand with the high population density in the country, as well as the busy tourist seasons, where millions of tourists flock to Turkey annually.
You should know that the prices of residential apartments will record a further increase during the coming period because the volume of supply and real estate and investment projects available for sale is not proportionate to the volume of demand for them, and therefore the less a certain material is, the higher its price.
On the other hand, villas are among the real estate options that are in great demand, coming directly after apartments, in the second place as the best selling real estate among other types. They are a good option for investment and to get a good return, especially in periods that are considered touristic, and villas can be more than a successful investment idea.
4 - Follow the legal path only:
Beware of following the crooked ways to buy real estate in Turkey in order to get it at a low price, as you must follow all the laws stipulated by Turkish law, and as indicated by many specialists and experts, all papers and documents must be signed within a legal department, which is the Directorate of Land Registry because any document issued by others is considered totally unacceptable. Do not forget that all papers and documents must be attested by the notary clerk after they have been translated into Turkish.
5- Hire a real estate consultant:
Many buyers and investors choose to buy real estate in Turkey on their own without resorting to asking for help from a real estate agent or famous real estate company, as this exposes you to falling into the trap of real estate fraud, as many scammers take it as an opportunity to earn money illegally.
The buyer gets a lot of services when asking for help from a real estate company in Turkey, the most important of which are:
-A set of tips and advice.
-Field tours to visit the most important real estate projects available in the Turkish market.
-Clarify the ambiguous points and answer the various questions that the investor has.
-After-sales service.
-Provide a lot of real estate offers to be able to choose among them.
-Securing suitable properties to obtain Turkish citizenship.
-Follow up on legal and routine procedures and ensure that they are okay.
-Verify that there is no defect or problem in the property.
-Assistance in obtaining the title deed.
6-Real estate appraisal document:
One of the basic steps that must be followed when owning real estate in Turkey is to extract the real estate valuation report that was imposed by the Turkish government as a natural reaction to this influx and great demand for the real estate market in Turkey, as it is possible that a lot of manipulations, deceptions and fraud may occur.
This document can be obtained by one of the authorities licensed by the Turkish government and the matter is done within only three days and sometimes it takes a week at the most and is valid for a period of three months from the date of obtaining it.
The task that this document performs is that it controls real estate prices and prevents any manipulation from occurring and the misplaced payments of money.
7 - Look for modern specifications:
One of the basic criteria that must be relied upon when buying real estate in Turkey is that the property must have modern specifications that fit the prevailing and modern taste.
Based on this information, should we now move away from buying old-built real estate or is it not a successful investment? It cannot be said that it is a useless investment because many people have succeeded in it, but it is not expected to provide the profits that you hope to reach, but you have to bear in mind that investing in old properties means that there is a lot of repairs, renovations, maintenance and some additional costs.
How to invest in real estate in Turkey?
You have a lot of investment ideas that can achieve high returns, and through the following points, you can see the most prominent of them:
1 - Buying and renting real estate to get a fixed monthly return, and the profits will be high, especially in the tourist seasons.
2 - Selling the property again after the price increases in order to take advantage of the price difference that will result between the buying and selling stages.
3 - Investing in commercial real estate, this type of real estate offers a lot of profit and benefit to the owner of the property, as its prices are constantly increasing, especially if it is characterized by a vital strategic location crowded with residents and passers-by.
4 - Among the common investment ideas in Turkey is real estate development, where the investor works to buy old and expendable properties that need maintenance, restoration and development work, and then rent them at a high price or resell them at a higher price than they were purchased.
The importance of investing in real estate in Turkey:
The real estate investor in Turkey gets a lot of interest, benefit, profits and many other advantages that we will refer to below:
1- Applying for citizenship:
Did you know that one of the first reasons for real estate investment in Turkey is the possibility of obtaining Turkish citizenship, which is considered one of the strongest nationalities in the world due to the advantages it gives to its holder, as he becomes like any Turkish citizen with his duties and rights.
2- Real estate residency:
There are specific conditions through which a foreigner in Turkey can obtain a real estate residency, which is one of the most important types of residencies at all, and to obtain it, a property must be purchased with the following specifications:
-Residential property.
-The property price should not be less than 75,000 US dollars.
-The property must be outside the security or military areas.
The buyer should not be a holder of the nationalities prohibited from purchasing.
3-Moderate prices:
Many people choose to buy real estate in Turkey because it is cheap, given the prices that you will find in Europe, America, or even in many Arab countries. What you do not know is that real estate prices in Istanbul are much cheaper than in Dubai.
You should know that the limited budget does not stand in the way for anyone to buy real estate in Turkey or who wish to enter the real estate investment world. With any small amount, they can buy an apartment and use it to get a good and stable return. What you do not know is that many people are looking for cheap apartments for sale in Turkey, whether for housing or investment because prices in Turkey do not remain constant, but rather are constantly increasing.
4- Great real estate diversification:
What distinguishes the real estate market in Turkey is that it is very diverse and meets different tastes and budgets, and thus this resulted in the diversity, which is the great demand from different nationalities around the world to buy.
Buying real estate under construction in Turkey:
One of the distinct ideas when buying real estate for real estate investment in Turkey is to buy under-construction properties, whose prices are lower than the prices of ready-made properties, and after the completion of the construction stages, prices rise by between 35% and 70%.
Buying real estate in installments in Turkey:
In the case that you do not have the sufficient budget to pay in cash, you can buy in installments and pay in the long term and without having to borrow or retreat from your goal of owning real estate in Turkey.
In this context, you should know that it is easy to find apartments for sale in Turkey, whether you want to buy in cash or in installments, because construction companies are always keen to build and construct many important residential and investment real estate complexes and projects in order to meet all the different demands for buying real estate in them.
What confirms the success of real estate investment in Turkey?
-The strategic location of the Turkish state in the middle of the world.
-stability in its political aspect.
-Great recovery in its economy.
-massive population growth.
-Real estate prices are constantly rising.
-Huge architectural luxury.
-Distinguished tourist seasons, as Turkey hosts millions of tourists annually.
-Social rapprochement between Turkey and many Arab countries.
-The nature of the friendly Turkish people who can engage with any foreign expatriate who comes to settle or invest in Turkey.
-Turkey is considered the right place to settle permanently thanks to the modern technologies and systems that Turkey provides for great comfort.
Always visit our website and get more details regarding the field of real estate investment in Turkey because we follow everything that interests you about this subject.
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