How to Achieve the Best Results When Investing in Real Estate in Turkey
Last Updated: 2023-07-27
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How to Achieve the Best Results When Investing in Real Estate in Turkey
The real estate sector is one of the most significant fast-growing investment sectors in Turkey, which is attracting foreign investors to take advantage of the legal benefits and opportunities offered by the property ownership regulations, the most important of which is obtaining Turkish citizenship. But it's not just about Turkish citizenship, it's about investing in Turkey that yields good financial returns, and that's what Mersat Real Estate will talk about in this article.
You will read in this article:
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What are the advantages of investing in Turkey?
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How do I choose good real estate?
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How do I achieve my best return on investment?
What Are the Advantages of Investing in Turkey?
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The strategic location in the continents of Asia and Europe that characterizes Turkey.
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The possibility of establishing small enterprises in Turkey as it does not require significant capital.
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Allowing foreigners to own various types of real estate in Turkey.
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Turkey is a member of the Organisation for Economic Co-operation and Development (OECD), also a member of the Group of Twenty (G20).
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Turkey is the world's eighth-largest producer of foodstuff.
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Turkey is the sixth most popular tourist destination in the world.
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The Turkish market is ranked among the top 20 market economies in the world.
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In Turkey, exporting is easy, as the Turkish government exempts exports from taxes.
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Turkey is the largest electric power station in Europe.
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The availability of skilled, competitive and highly qualified manpower in all disciplines.
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The ability to obtain the work permit, a document that allows to work in Turkey officially and accessing to the benefits that foreigners in Turkey have, such as:
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Getting treatment at the expense of the State in all State hospitals.
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Getting a pension after the age of 60.
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Obtaining Turkish citizenship after five years.
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Children have access to free education in Turkey.
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Access to many advantages provided by the Turkish government to those who have work permits.
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How Do I Choose Good Real Estate?
To choose a good property, you should study the dimensions of the property you want to buy and take into account the factors that characterize the best Turkish properties:
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Location:
A good real estate is strategically located close to public roads and modern transport, with a lot of choices and various areas.
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View:
What is striking about the good real estate and apartments in Turkey; the important view, where most of the apartments that yield great returns in Turkey have a panoramic view of the beautiful water bodies. This is what captures the interest and passion of many investors, residents, as well as tourists.
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Various Services:
Good apartments in Turkey have basic and perfect services, including hygiene, protection, security, safety and recreational facilities, delivery services and payment of water, electricity and telephone bills.
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Quality and Efficiency of Cladding and Furnishings:
Quality is the first and last criterion that preserves the value of the apartment and raises its importance. As well as, the infrastructure of various apartments in Turkey is generally strong and solid, in addition to high quality and accuracy in designs, interior and exterior decorations, furnishings and cladding.
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How Do I Achieve My Best Return on Investment?
Two ways recommended by the real estate consultant at Mersat Company:
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The Price is Relatively Cheaper:
Under-construction real estate projects, of any kind, outperform the ready-made properties at cheaper prices, and the reason for this is clear since the specified property is not completed yet.
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The Ability to Select the Specifications You Want:
The Under-construction real estate investment projects are not yet complete, so there are a lot of specifications you might want you to apply on the ground in your property, depending on the level of readiness of the property, and the stage at which it has reached. Among the specifications that can be modified are interior and exterior designs, decorations, color selection, division and the arrangements of the property.
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Under-construction projects a winning investment project:
Purchasing a project under construction in an initial stage and then completing and investing it will save you huge amounts of money and generate big profits.
When starting your investment project, which is still under-construction, be sure to choose high and good specifications, in terms of location, view, services related to the neighborhood, transportation and general cleaning.
You should also develop a well-thought-out investment plan and alternative plans, to avoid obstacles and pitfalls that you may encounter.
Always stay informed and familiar with Turkish real estate laws, and make sure to take all approvals before taking any step of the investment process, whether in construction, marketing or dealing with clients.
This type of project is spread all over the Turkish provinces, and is considered one of the most sought after projects by investors. It is also a basic desire for those with a special artistic touch and investors who love uniqueness. As well as, various offers of real estate are available in the projects that are under construction, and they are not limited to a specific type.
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Turn Your Property into a Tourist, Industrial or Agricultural Property to Achieve the Highest Profit:
Investment returns in real estate in Turkey achieve an annual return of 3 to 7 percent of the property value at the highest rate, while tourism real estate investment returns reach more than 15 percent of the property value annually, for example.
In addition to very large incentives by the Turkish government for agricultural and industrial investors, starting from tax exemption to government financial support of up to 50 percent of the value of the project.
So, there is more than one way to achieve the highest return on investment in Turkey, all related to the real estate experience, and this is what the team of Mersat Real Estate is unique to.
You can contact us in order to show you our company's studies on investment projects and their management in Turkey.
Edited by Mersat Real Estate Team ©
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