Five options for real estate investment in Turkey
Last Updated: 2023-07-27Five options for real estate investment within Turkey
A sea of options and advantages offered by Turkey to those wishing to invest in real estate of all kinds, in addition to the presence of laws that stimulate competitiveness in this field, which encourages large numbers to enter the field of real estate investments, the fastest growing and most common among people since ancient times, due to their achievement of rewarding and continuous returns through leasing or resale.
Here we show you the top five options for real estate investment within Turkey.
Residential Apartment
Investors want the option to buy apartments in Turkey because of its advantages in terms of rent and obtaining a fixed monthly return in addition to selling after its high price, and the opportunities to profit by investing them vary according to the tourist importance of the city and the region, as the chances of profit increase in areas near monuments, tourist attractions, shopping centers, and transportation lines.
Property under construction
The investor seeks to buy a property under construction in huge residential projects in Turkey with the aim of selling it at a higher price upon completion, as the sale price of the apartment after its readiness exceeds its price under construction by about 40%.
This option is characterized by the presence of purchase opportunities in installments in convenient installments and at reduced prices in modern projects. Investing in off-plan properties in new or promising areas is a suitable option as prices are gradually rising.
Land
The investor tends to buy land for sale in Turkey in strategic locations that may be included in the organizational plans of cities or have the possibility of building residential complexes on them later, and sell them at double prices.
Restoration of an old property
This option includes buying an old property at a low price, then renovating and improving it, changing its decoration and highlighting its beauty in order to sell it at a higher price, and when the property is a villa with more than one floor, the chances of selling it at a high price increase for those wishing to open companies or educational, medical or educational centers, and in tourist areas it can be converted into restaurants or cafes for investment. Here it is important to pay attention to the absence of constructional, drainage or electricity defects resulting from the use or obsolescence of the high restoration costs that You may beat any profit.
Shops and offices
The investor buys the commercial shop or office with the intention of renting it or opening private projects in it, preferably within a commercial area or within shopping centers or towers.
These options are not limited to Turkish citizens at all, but include foreign investors of all nationalities, and whatever the option of investing in Turkey's real estate, it provides wide profitable opportunities with advanced infrastructure, legal facilities, and huge tourist attractions that make this field one of the best investments away from fears and risks that may face other areas.
Editorial Mersat Real Estate Team©
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