The impact of the real estate sector in Turkey on the Turkish economy depends on a number of factors that made real estate investment in Turkey a profitable investment, which was reflected in the revitalization of the investment movement in other related sectors, including the guarantor laws and incentive measures enacted by the Turkish government and the healthy environment that encourages investors to invest in real estate In Turkey, not only with the lowest risk, but with a very high profit margin that may change your life forever, and will revive the rest of the sectors that make up the Turkish economy.
Return on investment in the real estate sector 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 financing of the purchase is direct or indirect through loans, where the interest rate intervenes, In any case, 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, regardless of the type of investment in the commercial or residential field, and you can easily notice the huge volume of sales and purchases of real estate As well as the large number of economic, commercial and residential projects in Turkey with the availability of the appropriate conditions from the infrastructure to the transportation network, ending with the various geographical locations in the heart of the city or in the suburbs, according to the type of project. These projects are accomplished by huge, ancient and well-known companies globally.
The impact of the real estate sector in Turkey on the Turkish economy
The growth of the real estate sector in Turkey means the growth of the tourism sector and an increase in profits that ultimately flow into the Turkish state treasury.
The boom in the real estate sector in Turkey affects the growth of commercial traffic and the revitalization of the Turkish economy.
The development of the real estate sector in Turkey will be reflected in the development of the industrial sector to secure production requirements and the emergence of industrial companies to plan and implement economic projects.
The development of the real estate sector in Turkey means creating job opportunities and increasing income rates and thus increasing spending and consumption rates and the development of the economic movement in the country.
Advantages of investing in the real estate sector in Turkey
If investment does not have competitive advantages, why invest! Let's get acquainted with some of the advantages of real estate investment in Turkey:
1. The investment attraction element. Approximately 15 billion US dollars are pumped annually into investment in Turkey.
2. One of the reasons for this investment attraction is the stimulating legislative and legal environment that guarantees the rights of the investors and gives them encouraging advantages such as residence and citizenship.
3. What we talk about is nature and the charming atmosphere that makes Turkey a lively investment destination.
4. Investment in the Turkish real estate sector in general is considered one of the secured investments with the lowest risk rate that other types of investment encounter.
5. Globally, real estate investment is witnessing remarkable growth and development, let alone if all the incentives in Turkey support this growth in this type of investment.
6. The Turkish government has established an Investment Support Agency backed by a 12-language website to address investors from all over the world and attract them to invest.
7. 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.
8. The Turkish government has provided investors with the opportunity to open branch offices for international investment companies, whether these companies are real estate or otherwise, provided that they are linked to the main company.
Types of investment in the real estate sector in Turkey
You do not have one golden opportunity, but many golden opportunities for real estate investment in Turkey when you choose the right place and the right time for each of the following types:
business investment
It means investing money in all real estate from shops, stores, warehouses and any other types, provided that they are not designated for housing and living.
Autumn and winter are considered the most appropriate times for real estate investment in offices, shops and universities due to the diversity of economic and scientific activities in this period of the year and thus the high demand for real estate.
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
That is, you rotate your capital by buying residential real estate before the peak demand period, which is usually after the winter season, i.e. in the spring.
As for how to obtain a return on real estate investment, whether it is commercial or residential, it is in two different ways:
Purchase to rent:
Dear investor, you can get a financial return that rises annually in Turkey by 10% by buying and renting real estate in times of peak economic activity or residential activity, as this type of real estate investment is considered profitable and secured.
Purchase for resale:
This type requires some sophistication and experience, as it depends on the acquisition of damaged, simple or incomplete buildings, and then the property owner completes the construction, engineering and cladding of these buildings at his own expense to make them appear civilized, contemporary and attractive, and here is the stronghold of the golden opportunity ... by selling these buildings Huge sums of money and high profits can be obtained.
The capital alone is not sufficient for the success of the investment, as it is always looking for a custodial and safe environment that undertakes its care and development, and it will not find a better haven than the Turkish environment, Its geographical location extending over the continents of Europe and Asia, which includes all the magical corners of nature from the mountains to the seas to the plains and valleys, and what to talk about the rivers and the scenic views that in total constitute a fertile investment soil and an effective attraction for investors from all over the world, which in turn constitutes a speculative factor that guarantees great profits Perhaps the real estate investment is the largest and most important of these features due to the urban renaissance that Turkey is witnessing, which means that the impact of the real estate sector on the Turkish economy is a positive and stimulating effect for the rest of the sectors that make up the Turkish economy.
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