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The Concept and Methods of Real Estate Development in Turkey

The Concept and Methods of Real Estate Development in Turkey

Last Updated: 2023-07-27
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The Concept and Methods of Real Estate Development in Turkey

If you are about to enter the real estate market in Turkey as an investor and a capitalist, you should be informed of all dimensions of this market and the information related to it. One of the most common ideas in the field of real estate investment in Turkey is real estate development.

We, in this article, explain to you the most important information related to real estate development in Turkey and its methods, also we will share with you the elements that lead to the success of this project.

 

What Is the Concept of Real Estate Development?

Before you choose your investment project, you should take a look at the most important projects available. Many investors choose real estate development as an area of work, which is intended to make modifications or repairs to an old or dilapidated property, and the modification may be total or partial.

After making the appropriate repairs, the property can be sold at a high price, thus benefiting from the price difference that resulted between the buying and selling stages.

 

Who Is Responsible for Real Estate Development?

You may wonder who is responsible for the implementation of the project, it is usually a company or an individual. However, you should know that the real estate developer must have all the keys of the market that it is the project located in, and must be familiar with its finer details, as well as being able to implement ideas accurately and professionally.

The real estate developer  creates new and distinctive ideas to implement in real estate and seeks to provide a full study of the project he will implement.

 

  • The Most Important Tasks of the Real Estate Developer Are:

  • Choosing the right location to implement the project.

  • Studying the possibility of selling it in the future and getting high profits.

  • Responsibility of selecting the most important construction offices and contractors.

  • Observing the future of real estate of the area well.

 

Real Estate Development Methods:

  1. Option One:

Buying old or dilapidated properties is the first option for a real estate development project in Turkey as we have already indicated, and working to develop and modernize it to become new. This type of project is the most common thanks to the Turkish government's great support to achieve its goals, in order to reach the pinnacle of urban development and sophistication.

Let us tell you that this kind of project is suitable for those looking for a lot of profits in a short time, and it is common in Istanbul nowadays.

 

  1. Option Two:

The second one is to buy land in one of Turkey's modern or promising areas, then set up a luxury and large real estate project such as a full-service residential complex, as this is an investment idea whose profits are guaranteed and distinctive.

 

Factors for the Success of the Real Estate Development Project in Turkey:

In order to achieve the success and excellence you are looking for, you should be aware of the steps that lead you to this so, here are the most important information you should know:

  1. In order to achieve perfect and distinctive results, the developer or company must have a special section in order to follow up on all things and study all its dimensions. As well as he should be up to date with the latest news and developments in Turkey's real estate market constantly.

  2. A real estate developer must have the full capacity to manage the project, as the developer or person responsible for the development often manages more than one project at the same time.

  3. It is essential to have people who are able to study the economic feasibility of the project accurately, and you should also see the future of the real estate market in Turkey so that you can determine the direction in which your project is going.

 

The Importance of Real Estate Development in Turkey:

Turkey is an environment conducive to the implementation of any type of investment, particularly in the real estate field, and these are the most prominent reasons for the investor to make such a decision:

  1. Turkey has many promising areas that create high profits, especially in Istanbul.

  2. Turkey accords high priority  to infrastructure and aims to attract a lot of foreign capital.

  3. Real estate prices in Turkey are expected to rise significantly in the coming period, for several reasons, the most important of which are:

  • The increased demand.

  • The high prices of raw building materials.

  • The high quality and the modern designs.

  1. Turkey's real estate market has a lot of real estate options and residential complexes are the best option ever.

  2. Real estate investment in Turkey is better than investing in EU countries for two important reasons:

  • Real estate prices in Turkey are low compared to real estate prices in Europe.

  • Real estate in Turkey can be purchased very easily while in Europe there are a lot of difficulties.

  1. Turkey has the world's largest and most important infrastructure projects, such as Istanbul Airport, which is classified as the world's largest air transport station, the Istanbul Canal, tunnels, bridges, highways, expanded transportation networks, etc.

 

Mersat Real Estate Services in the Field of Real Estate Development:

At Mersat Real Estate, we offer a lot of important services to our customers, most notably:

  • A comprehensive and in-depth study of the conditions of the real estate market, and the reality of real estate investment in Turkey.

  • The most important and best real estate opportunities available that guarantee you high profits.

  • The best real estate development companies in Turkey to get high quality services.

  • Marketing all your projects and reaching them to the largest possible category of customers.

 

     In this article, we provided you with the most important and accurate information and details related to real estate development in Turkey. If you want a rare and unique real estate opportunity, you can contact us directly to be with you from the beginning until you reach the desired success.

 

Edited by Mersat Real Estate Team ©

Last Updated::2023-07-27

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