In recent years, interest in real estate investment in Turkey has increased among investors from different countries of the world, due to the advantages offered by this field, as the Turkish real estate market is considered one of the most attractive markets for investors wishing to buy residential or commercial real estate in a country that occupies a strategic location between the continents of Asia and Europe, however, real estate experts point out the need to take some measures and beware of some risks to ensure success.
Learn about the correct real estate investment steps in Turkey:
Here are the most important steps and notes that you should follow when buying an investment property.
1 - Choose a strategic location:
The property must be located in an investment location, located near the main roads and vital sites of the city, and be easily accessible as attention must be paid to choosing the strategic location that meets the goals that the investor seeks to achieve. Investing in rentals is one of the most important goals sought by investors, and investors in real estate, in particular, go to areas where urban and economic life thrives.
2 - Find a unique look:
The sea or mountain view or even the garden view adds value to the property and attracts the largest number of clients and tenants as it also ensures that you benefit from the picturesque landscapes that Turkey enjoys, and may lead to an increase in the value of the property over time.
3 - Study your financial budget:
You must focus on carefully studying the financial budget and an excess financial situation is a good thing, but care must be taken that there are no unexpected expenses to avoid possible financial problems as the exact scope of the financial budget can be determined by consulting real estate professionals.
Many people usually think of finding the cheapest real estate, but it is necessary to review reliable real estate and work to determine the real value of the real estate and whether it is worth investing in it.
4 - Look for active urban areas:
These areas are considered the most attractive to investors because they include many important facilities and services such as schools, universities, hospitals, restaurants and commercial centers as it also receives the attention of real estate developers who are working to develop it and turn it into one of the best places for living and investment as these areas are characterized by providing high returns for investors, including Istanbul areas such as Beylikduzu, Basin Express, Arnavutkoy and many others.
5 – Get an analysis of the real estate market:
Through this analysis, more clear data is provided about the market situation and its current biases, including an analysis of the local real estate market as economic developments, cultural and social factors that greatly affect this market and this analysis helps investors to make better, more controlled and successful investment decisions in the future.
6 - Choose the popular cities for real estate investment:
It is recommended to invest in cities such as Istanbul, Ankara, Izmir and Antalya as these cities have a lively and active real estate market and witness a continuous rise in real estate prices and for those who want to invest in tourist cities, it is preferable to invest in Europe and Asia in Istanbul and in the beautiful Bursa and for those who prefer the coastal areas overlooking the Mediterranean Sea, Antalya contributes to achieving good profits thanks to the strong and vital tourism sector.
7 - Compare the available options:
When the investor searches for a property to invest in Turkey, he must carefully compare the available options, as he can choose between buying an apartment or a villa in the city center or on the beach, and he can also buy a piece of land to build a real estate project and different options are available in terms of spaces and prices, where small apartments can be found at cheaper prices, or luxury villas at more expensive prices.
8 – Choose real estate with a sea view:
Investing in these properties guarantees a high return in the long term, and allows the owner to benefit from them as a health or residential resort as while searching for real estate with a sea view, the surrounding area and facilities should be studied, and a strategic location should be chosen that ensures easy access to services and tourist attractions and attention must also be paid to the available material budget, and work to determine the requirements of the property and ensure the technical and technological readiness of the building.
9 - Real estate under construction is a golden opportunity:
These properties allow investors to choose between a wide range of options in terms of space, location, and internal and external specifications and in addition, investors have the opportunity to purchase the property at lower prices than they would pay if it was purchased after the completion of its construction and in view of the economic growth witnessed by Turkey, real estate under construction represents a wonderful and suitable investment option for investors who are looking for a permanent and profitable investment in this sector.
10 - Hire a professional specialist company:
When contacting a distinguished real estate company, you will get experts in the field who have sufficient experience to determine the best options and active areas in the real estate market, which will suit your budget and investment goals as you will also obtain information about the purchase procedures and local laws related to real estate in Turkey, and thus a continuous working relationship will be established with a professional real estate company to ensure success and accuracy at all stages.
Common questions:
How do I invest in real estate in Turkey?
The most common method is to rent real estate and get a fixed monthly return, and the second method is to resell the property to take advantage of the price difference between the buying and selling transactions.
What are the investment conditions in Turkey?
The investor must not hold one of the nationalities that are prohibited from owning real estate, and the area of his property should not exceed 30 hectares, and he should not think about the regions or municipalities in which the percentage of foreign ownership has reached more than 10%.
Why should you invest in Turkey?
The real estate market in Turkey offers many benefits and privileges, and the Turkish government has provided many benefits and unlimited facilities to attract investors from all over the world.
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