What are the elements of investment in Turkey?
Last Updated: 2023-11-26What are the elements of investment in Turkey?
Many components, the team of Mersa Real Estate Company tried to reduce everything that made Turkey the focus of attention of many to practice investment activity, and investments in Turkey were crowned with success and huge returns on its investors.
What are the elements of investment in Turkey ?
Turkey is bordered by Syria, Iraq, Iran, Greece, Bulgaria, Azerbaijan and Georgia, with an area of 783,000 square kilometers and a population of 82 million .
Its total domestic production is about $ 784 billion and an inflation rate of 20%.
Its exports are worth $168 billion, mostly to Europe, while its imports are $223 billion, mostly from Russia, China, India, Europe and Iran.
While its revenues from tourism achieve huge figures, approximately $ 25 billion, with 39 million tourists annually.
The value of foreign direct investments in it is 13 billion dollars, not only that, Turkey is a member of global trade agreements, all of these factors contributed to the advancement and prosperity of real estate investment in Turkey.
Learn about the most important conditions for investing in Turkey
Turkish law divides foreign direct investment into two groups: individuals and bodies, and Turkish law divides foreign direct investment into investments transferred from abroad such as capital, devices and equipment, property rights and industrial rights, and to investments provided by the local market such as reinvesting returns and establishing companies or their branches.
Turkey has also facilitated the process of foreign investors obtaining Turkish citizenship, reducing the requirement for the value of investment assets from one million dollars to 250 thousand dollars, and reducing the requirement of the bank deposit from 3 million dollars to 500 thousand dollars in 2018, and the Turkish parliament also facilitated the process of selling real estate to foreign investors, and investors who provide business for more than 50 Turkish people can apply for Turkish citizenship as well.
Real estate investment in Turkey
The first thing that a person who wants to invest in real estate in Turkey cares about is the profit that the property under investment will bring to him, as the correct calculation of the monthly rent that the property will achieve is one of the most important of those targeted profits for the investor....
So what are the characteristics that must be taken into account when buying an investment property?
Know the calculations that you have to do well as a successful investor before proceeding with the purchase of the property??
- Verify the title deed of the Turkish property that will be invested
this is very important to take into account well before buying any property, and in particular, if the purpose of the purchase process is to invest in Turkey, the legal status of the property under purchase must be reviewed, such as attention to the fact that the title deed belongs to the ownership of the apartment only or includes a share in the land as well or not.
- Attention to the condition of the Turkish real estate land and its suitability for investment
if the land is located in a water area or an area prone to earthquakes, this may be the cause of future problems and obstacles in the way of your investments, as it is difficult to sell the property in such places, even if it is sold, it will not achieve the desired profits from the investment.
- You have to conduct research studies before embarking on real estate investment in Turkey
Real estate investment in Turkey requires that you be a good researcher, regardless of the type of property under investment, you must always give priority to the promising areas in the city to be purchased, as these areas make profits continuously for their investors, and it is also important to know the prices of buying and renting real estate throughout the year in the area under investment.
- The area of the property that will be placed under investment Certainly
the area of the investment property is very important, especially since in recent years the demand for small-sized properties has increased, so small properties are bought and sold for the purpose of investment, and it is also easy to find a tenant for them quickly.
- Knowing the value of the monthly returns of the property under investment Certainly
you must know the value of the monthly returns of the property under investment. Because it can be difficult to rent a property whose monthly returns are high.
- Knowing the time period for the recovery of the invested amount
by calculating the monthly rent of the property to know the period of recovery of the invested amount. If the invested amount is collected within twenty years, it means that it is an unprofitable investment. For this reason, the investor should choose properties with high rents to collect the invested amount in the shortest possible period. This can be known by calculating the annual rent value of the property and dividing the total value of the property by the annual rent.
If you want to make profits within a short period of time by renting the investment property immediately after buying it, you should know that the common feature of the properties that can be rented at the best price within a short period of time is its proximity to transportation that provides easy transportation, and the most important feature is also its proximity to public facilities such as hospitals, schools, and parks.
- Not to overlook the importance of the location of the property subject to investment,
you must pay attention to the location of the property and the development of the area in which it is located, where you can favor the developed and promising areas equipped with all service facilities and available with more than one means of transportation. Properties in such areas are rapidly increasing in value and rents are high.
So what should you do if you want to make profits within a short period of time by renting the investment property as soon as you buy it?
The common feature of properties that can be rented at the best price within a short period of time is its proximity to transportation that provides easy transportation, and the most important feature is its proximity to public facilities such as hospitals, schools, and parks.
- Care and caution when buying a property under construction in order to invest
The advantage of buying a property under construction is the price difference between it and the ready-to-move property, as it can make profits and increase its value once the project is completed, but this type of investment may carry part of the risk such as not finishing the project as expected and desired. Therefore, you must be careful and calculate each step before proceeding to buy an off-plan property with the aim of investing.
- Availability of social facilities in the property that will be placed under investment
Certainly the availability of many service facilities increases the value of the property. Therefore, when buying a property for the purpose of investment, the first thing that comes to our mind is the availability of service facilities or not. As its availability within the project of the presence of the property later facilitates the process of selling the property in the future.
Taking into account these conditions and adhering to the advice mentioned by the Mersat Real Estate team, we guarantee you very successful investments in Turkey, Turkey, the welcoming country that investors from all countries visit, has provided you with a lot of facilities and laws to ensure your rights in investments and ensure their success.
Editorial Mersat Real Estate Team©
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