Entering the world of trade or buying real estate in Turkey ... which is better
Last Updated: 2023-07-27Entering the world of trade or buying real estate in Turkey
Turkey has become a destination for many Arab and foreign investors from all sides, and there is no doubt that many of those who move to live in it will be confused about the type of work in which they will put their capital, especially if it is the first work they do, so we find them standing in the middle between diving in the field of commercial projects or sailing in the vicinity of real estate in Turkey.
Today we will show you the topic from A to Z in terms of the labor market, disadvantages and advantages, of course, to have a clear mental picture of what you want to do, so stay with us ...
Commercial investment in Turkey:
If you choose to delve into the field of trade in Turkey, you should know what your business will look like, how it will start, or what actions to take to enable you to do so.
First of all, before any step, anyone wishing to enter the field of trade must establish a trading company, and doing so is easy and does not require a lot of time or even a lot of money.
For an amount not exceeding a thousand dollars, you can establish your own commercial company and you can start working immediately, and the Turkish government offers many facilities for Arab and foreign investors to start their work and practice any kind of commercial activities.
As is known and clear, Turkey is one of the most important leading countries in the field of trade and has many fields, as it is famous for agriculture, industry and many things that allow the investor the freedom and luxury to choose the type of work he wants to do.
Risks of commercial investment in Turkey:
It is obvious that delving into the commercial field needs good capital to some extent, whatever its type, due of course to the need for a place dedicated to work as an office or an entire company, not to mention the employees and human cadres in addition to the tools and logistics that are necessary such as mobile phones, mobile computers and various office supplies.
Here, the differences between successful and experienced management compared to beginners emerge through its ability to reduce expenses in a way that does not conflict with the quality of the work that is provided, as well as its ability to raise profits, which ensures that employees pay their salaries on time while preserving capital and the trend towards expanding the business, but if the person is not familiar with financial and commercial matters, he quickly descends and slips into the cycle of losses and may even reach the stage of bankruptcy and lose capital.
Real estate investment and buying real estate in Turkey:
The concept of real estate investment refers to buying an apartment, shop or land regardless of its type, and of course its price varies depending on its location, area, proximity or distance from public transportation and service facilities such as schools, universities and hospitals, and as long as you want to buy the property for investment, you must specify an important amount of money to ensure good specifications, which will of course return you more profit, and then you can rent this property for a fixed monthly amount, there are many From people looking for apartments for rent in Turkey, you can also continue to buy and sell real estate, which will lavish you with a lot of money because real estate prices rise from day to day, especially in ideal areas such as Istanbul, for example, which is very popular due to its privileged location.
What distinguishes the real estate field in Turkey is that the profit is guaranteed in the long term, as the value of the property does not die or lose, but on the contrary it continues to rise as an inexhaustible spring
Caveats and risks of real estate investment in Turkey:
The real estate field is considered one of the least dangerous areas, as its risks are very few and negligible compared to others and are related to the lack of experience in the field, which of course reflects negatively on the purchase of the property in terms of choosing a suitable desirable location that provides it with a high price in the event of its sale, as well as in the event of lack of attention to the repairs to be carried out or the infrastructure and its quality.
The buyer may fall victim to fake or unreliable real estate companies in Turkey, which incurs heavy losses, and therefore we often advise the investor to deal with real estate companies known for their honesty, which have many experienced advisors who are able to provide advice to suit the investor, in addition to lawyers who are able to receive legal procedures and agreements to ensure that the process runs smoothly and without cheating or deception.
You may also have problems with tenants who may be late in paying on time or fail to compensate for the damages they have caused to the property, in addition to the amounts you may spend on repairs and repairs on a permanent basis.
But in the end, these risks are avoidable, of course, and you can be sure that the property will benefit you so that if you keep it standing for several years, its price will rise and at worst you will be able to recover the capital.
What is better to trade or buy real estate in Turkey?
According to many international financial experts, real estate investment is the best not only in Turkey but in the whole world, it is really like a magic genie capable of flooding you with money and achieving all your dreams!
In addition to being the safest, of course, and that's what everyone wants, isn't it? Peace of mind and profit at the same time.
Certainly, you can combine the commercial field with the real estate field, so what prevents you from doing so?
Especially in a country like Turkey, where all these ingredients and facilities are available that will ensure you success in both fields if you are interested in that.
Don't put in more time and make up your mind, in the end you will be a winner in any case, right?
Editorial Mersat Real Estate Team ©
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