Have you heard about the concept of real estate development in Turkey? It is one of the forms and ideas of real estate investment, and if you want to know the details of this topic, you can follow this article that we have dedicated to be comprehensive about it.
We hope you have a useful reading.
Real estate development concept:
Real estate development is one of the areas of investment in Turkey, where you buy an old property with old urban details and worn decorations, or it is worn out and then you implement modern ideas on it until it becomes modern and distinct.
You may be wondering what after the end of real estate development? You will be faced with several options that you can choose one of them:
- It is possible to live and settle in the property.
- It can be invested by renting it and getting a fixed return per month.
- Or resell it again and take advantage of the price difference that resulted between the buying and selling stages.
It should be noted here that this very important investment idea will get you a great benefit, especially if it is implemented in a thoughtful manner in accordance with the agreed standards.
Who is doing real estate development in Turkey?
The developer may be an individual or a company, where it is selected for a specific property that it is working on to develop and improve until it acquires a modern and distinctive look.
Did you know that there are specific qualities that a real estate developer must have, for example, he must know everything about the real estate market in Turkey and also must have the ability to implement ideas and turn them from paper to reality.
Forms of real estate development in Turkey:
If you want to develop real estate in Turkey, you should know that you have to choose between its two types, and this is what we will present in the following paragraph:
The first type of real estate development: demolishing the old and replacing it with what is new, which is the most common, and therefore you have to go to the old areas that the urban transformation and urbanization projects have not reached.
Be fully confident that you are in front of a successful and profitable investment, as after you have completed the implementation of the project, it can be resold very easily if you wish to do so.
If you want to be a distinguished real estate developer, make sure that the buyer or customer is satisfied with what you have provided, and you should listen to their opinions.
The second type of real estate development: The other type is by choosing one of the promising areas and then building a residential complex or villa or any type of real estate that investors or foreigners desire.
This idea is one of the most successful and distinguished real estate investment methods, and you can get abundant returns from it by selling or renting it.
The most important elements that lead to the success of real estate development:
If you want your project in the field of real estate development to be profitable and distinguished, you should ask about the elements that lead to its success. Here are the details of the whole matter:
1 - You must obtain a complete and comprehensive study about the region in which you want to start your project and be informed of its investment future.
2 - The developer must have extensive experience and knowledge in the field of real estate and also have the ability to manage the project very professionally that leads you to the results you want to obtain.
3 - Take a look at the real estate prices in the area in which your project is located so that you know where the market and prices are heading.
You have to know that in order to create an integrated development project you need to have three components:
- The project financier or the entity that owns the capital.
- The company that will implement the project or development work.
- The real estate agency responsible for project management and supervision and which conducts the feasibility study.
Right Way Real Estate Services in the field of real estate development:
1 - We work to provide the most important advice and consultations to customers so that they can choose the right area for them.
2 - We help clients find the right place for them to evaluate their projects and investments.
3 - We provide economic feasibility for real estate projects to ensure that you get distinguished results and abundant profits.
4 - We introduce our clients to the most important real estate development companies and destinations in Turkey.
5 - We market their projects and real estate based on our extensive experience in this field.
The importance of real estate investment in Turkey:
You have to see the privileges that push any investor to choose Turkey to start his investment project without other countries in the world and be fully confident that this will support your decision to buy real estate in Turkey.
1 - In Turkey, you can get the best and most quality real estate at competitive and distinguished prices, and this is what you cannot achieve in any of the European or American countries, and even in the Arab countries.
2 - The Turkish economy is recording a remarkable recovery and progress over the most important economies of the world, and it is expected to rank fifth in the world because of its dynamism, in addition to its young population.
3 - Real estate investment in Turkey entitles you to obtain Turkish citizenship when the property has a financial value of not less than two hundred and fifty thousand US dollars.
4 - When you own a property in Turkey, you can obtain a real estate residence permit that gives you many privileges and rights.
5 - The Turkish government has provided many guarantees that make the investor feel safe and comfortable, such as the real estate appraisal document and its supervision of the construction process to ensure compliance with the required quality and standards.
6 - The real estate market in Turkey gives you many options that you can check out, its features and details as well. There are many real estate companies that help you choose the most suitable property for you, which shortens you many things thanks to its distinguished relationships with construction companies.
We at Right Way Real Estate offer you the best real estate investment opportunities in Turkey. Visit our website to see the best opportunities and the latest developments and news of the real estate market in Turkey.
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