Prominent Advantages of Real Estate Diversity in Turkey
Last Updated: 2023-07-27
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Prominent Advantages of Real Estate Diversity in Turkey
Undoubtedly, if you are interested in the real estate market in Turkey, you have heard about its great diversity that has attracted investors from different countries of the world. But did it ever occur to you to wonder about the importance of this diversity and its impact on Turkey's position and the value of real estate investment in it?
Mersat Real Estate has prepared the following report for you, in which we talk about the advantages that resulted from real estate diversity in Turkey.
Have a useful reading!
Learn about the Advantages of Real Estate Diversity in Turkey
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This diversity has been a major reason why many money people and investors are encouraged to go to Turkey, not to other countries of the world.
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It meets all tastes and budgets, thus real estate in Turkey has become a common desire for many people.
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With this diversity, you will find a variation in prices. As there are luxury properties with high prices, normal prices, and others are cheap or fair prices.
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Turkey has become an excellent place for real estate investment and achieving great results, as it did not give the investor limited options.
Real Estate Types in Turkey
Through the following paragraph, you will be able to learn about the types of real estate in Turkey, and the most accurate details and information about them:
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Residential Property:
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Residential property comes to the fore due to the high demand for it at all times, because of the continuous need of people in the search for a place to live and accommodate.
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Did you know that it is one of the best real estate investment options at all, not only because of the increasing demand for it, but also because of its increasing prices significantly, especially in the past year, 2021.
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Over the past few years, the demand for this type of property has increased by both Turks and foreigners, especially since Turkey is witnessing great tourist seasons.
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When we talk about residential property, we are pointing to the apartments that are within the residential complexes, which are in separate buildings and villas and other properties that are used for housing.
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According to some reports, prices have increased in some areas by 100 percent, especially in Istanbul and its important central areas.
Villas have also had a great demand because of their beauty, magnificent views and the importance of investing in them. Also, there is residential land that is an excellent investment opportunity, as many investors prefer to invest their money in and build their projects on it.
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Commercial Real Estate:
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One of the most important types of real estate that an investor may choose in Turkey is (commercial real estate), which is any property that could be used for a business.
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Turkey is one of the most prominent countries for purchasing and investing this type of real estate for many reasons. Most notably is that it has a touristic nature, where tourists come from everywhere throughout the year, in addition to witnessing a high population density.
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The most prominent types of commercial real estate are offices, shops, stores, companies, restaurants, cafés, and others.
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Villas can be purchased and used in business, such as a restaurant, a medical center, an educational institution, or similar ideas.
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If you are looking for a real estate option that makes huge profits, then commercial real estate is one of the best available options.
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Recently, the prices of commercial real estate have witnessed a significant increase. In this context, it must be noted that it is one of the high-priced properties generally.
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One of the common ways to invest it is to rent it out for a high monthly income, or to resell it when prices rise. However, what should be mentioned here is that you may find it difficult to sell them due to the low demand for them, as we mentioned earlier that their prices are high and therefore they are not suitable for everyone.
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Do you know that hotels are one of the most important types of commercial real estate, as investing in them is one of the excellent options? Annually, Turkey receives many foreigners from different countries of the world who need a place to stay during their accommodation.
How to Choose the Best Real Estate in Turkey?
Note that there are also properties, agricultural land, and property that are located in industrial areas, but with this great real estate diversity, the investor will be confused as to what to choose.
Hence, let us tell you that your choice of property is based on your purpose:
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Are You Seeking Turkish Citizenship?
A large group of people who purchase real estate in Turkey seek to obtain Turkish citizenship. If this is your desire, you only have to look for a property whose specifications match the conditions for obtaining it: its price should be at least $250,000, and you must also commit not to sell it before three years.
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Do You Want to Get a High Return on Investment?
If you want to invest in real estate, you must adhere to some rules and tips that will help you achieve satisfying results:
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It is preferable that the property be located in an area experiencing a significant and fast urbanization.
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Avoid old or resold properties as they will need maintenance and alterations.
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Search in areas near huge projects such as airports, bridges, tunnels, and others, that help raise the investment value of the property.
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Are You Looking for Cheap Real Estate?
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Real estate investment is available for you, even if you do not have a huge capital, properties are available with appropriate and fair prices.
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To get a property with such specifications, you should avoid the city centers and look in remote areas.
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Avoid properties near service facilities and transportation links.
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Avoid real estate that has a sea view or other views of the vast green spaces.
Edited by Mersat Real Estate Team ©
Related articles:
- Cheapest apartments for sale in Turkey 2020 - 2021
- Buying a house in Turkey 2020 - 2021
- Real estate residence permit in Turkey 2020-2021
- The journey to get Turkish real estate citizenship step by step
- Legal guide for foreigners in real estate ownership in Turkey
- What taxes are paid when buying an apartment in Turkey 2020 - 2021
- Are you looking for apartments for sale in Istanbul 2021 AD?
- Istanbul apartments prices 2020 – 2021
- Invest your money in Istanbul for these reasons
Residence in Turkey by buying a property |Cheap apartments for sale in Turkey | Real estate prices in Turkey | Buying a property in Turkey
Certainly, this real estate diversity is in the interest of the investor in the first place, as it has become easy to achieve his goal. If you want to have a unique investment opportunity, remember that at Mersat Real Estate Company we are keen to provide you with the best and most exclusive, help you to choose and provide you with the most important consultations.
Edited by Mersat Real Estate Team ©
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