Let us agree that the purpose of real estate investment is to achieve good profits, but with the diversity of real estate and forms of real estate investment in Turkey, the following question may come to mind: which is better for real estate investment, villas or apartments? The answer to this question is governed by many facts, which we will discuss with clarity.
Real estate investment costs
The cost of the property is the first determinant and the factor affecting the final profit margin resulting from the sale of the property, as the profit is the difference between the selling price and the cost price, the lower the cost, the higher the profit. On this basis, the cost of buying apartments in Turkey is inevitably less than the cost of buying villas because of the difference between them in size and specifications, this also depends on the amount of cash available to the investor and the period of time that he is willing to sacrifice until the property is sold and the profit is collected.
The size of the target segment
The segments that make up the Turkish society differ, and with it the volume of demand and the type of real estate required, however, apartments of all kinds are the most in demand as they cover the largest segment of society, and therefore the movement of apartment sales in the Turkish real estate market is higher than in villas, which means a greater cash flow and achieving faster profits in the field of real estate investment in apartments. On the other hand, villas have their own consumer category from Turkey, the Gulf countries and all countries of the world, but the demand for them is not the same as the demand for apartments.
The peak season for real estate investment activity
The peak of real estate investment activity in villas in Turkey is usually in the summer, which is the tourism season in which tourists are increasingly interested in visiting Turkey and spending vacation time in the charming nature and within the tourist facilities and luxury villas, while the peak of real estate investment in the field of apartments varies according to the apartment, as for commercial properties and student apartments, the peak demand for them is at the beginning of the year in the fall, while the rest of the apartments are in peak demand after the end of the academic year, which means that real estate investment in the field of apartments may extend throughout the year.
Real estate prices in Turkey
The final property price is the second determinant of the expected profit margin from real estate investment, and it is known that the prices of villas in Turkey are much higher than the prices of apartments, even with its high costs, real estate investment in it achieves huge profitable returns, but it is seasonal, and there are several factors that affect real estate prices in Turkey, including:
Property Location:
The location of the real estate is a major factor in influencing the price of the real estate. The real estate located in the city center or in areas close to vital and service centers differs in price from the real estate located in remote or extreme areas far from hospitals, schools, universities and transportation lines, noting that remote areas and suburbs of cities have recently witnessed a wide real estate and urban renaissance and many villas were built there.
The absence of accumulated taxes, seizure signs or legal problems on the property, it is necessary to contact the Land Registry Office to ensure that the property you are considering is legal and that the deed does not contain any fines or outstanding debts, which is a stone of ownership.
If the property was purchased with a mortgage, this is an additional factor affecting the cost and price of the property.
The condition of the house, whether it is in good condition or old and exposed to damage and in need of maintenance.
General property specifications in terms of urban design, home furnishings, and proximity to important service centers.
Factors affecting real estate costs in Turkey
Payment of the real estate tax: Its value is 4% of the value of the purchased property and it is paid in equal parts, that is, 2% by the seller and 2% by the buyer. This tax is paid only once and not annually. Of course, there are some costs necessary to pay the tax.
2. Ownership fees, which are paid annually and amount to 0.003% of the property value.
3. The costs of housing complex services, which are security protection fees, electricity fees, maintenance fees and other costs required by any property in order to live in it and benefit from its facilities.
4. Translator fees if one of the parties does not speak Turkish and ownership transfer transaction fees.
5. The exchange rate has changed due to the successive economic crises that afflict the world, knowing that the real estate sector in Turkey is the least affected by these fluctuations.
Types of villas
The villa is a small building on the outskirts of cities suitable for large families, characterized by a unique distribution of rooms, unique interior urban designs, swimming pools and small gardens, and it has many types for more options available to you:
Tourist Villas:
The Turkish real estate market supports real estate investment in this type of villas due to the huge investment returns enjoyed by this type of investment, and this type of villas are spread within the natural tourist sites so that they overlook the forests to enjoy the beauty of nature or close to the sea shores to enjoy the unique view and marine air.
Residential Villas:
Usually, this type of villas are located on the outskirts of cities and in high-end neighborhoods far from tourist places and huge vital projects, as they are intended for luxury housing and not for summer.
Apartment types
The Turkish real estate market is characterized by different types of apartments that are traded in the market, and these types are:
Studio apartments:
The studio apartment consists of one room with the kitchen, and this type of apartment is considered a favorite destination for university students, especially if it is close to their universities.
penthouse:
These apartments are located on the tops of skyscrapers and high towers on an entire floor area with glass facades that provide a charming view from a high altitude.
Duplexes:
It consists of two floors, each equipped with all rooms, bathrooms, living rooms, and all luxury facilities.
Butterplex:
It is in the style of duplexes, but it consists of three floors with the aim of comfort, luxury and distinction.
We believe that this simplified study may help you answer the first question: Which is better for real estate investment, villas or apartments? To achieve the goal, which is a lot of investment profits.
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