Since Turkey is one of the world’s most popular tourist destinations, it has many hotels in almost every city and area. Suppose you have the financial means to make a significant investment in Turkey. Why not consider purchasing a hotel in Turkey, which will provide you with a steady stream of income throughout the year, as Turkey receives millions of tourists per year.
Hotels prices in Turkey
Hotel prices in Turkey differ depending on the region and the hotel’s size. Small boutique hotels for those on a tighter budget can be found in almost every city, providing luxurious accommodations for your guests and often attracting repeat business, allowing you to develop a solid customer base.
Large investment hotels
Large hotels can be found in exclusive holiday resorts along the coastlines or the heart of some of the world’s most famous cities for those with a significant investment budget. Hotel prices in Turkey can be tailored to suit any investor’s budget. If you have a £500,000 or a multi-million-pound budget, you can find a hotel for sale in Turkey in almost any region.
Overseas buyers of real estate in Turkey prefer to plough their money into countries with a thriving economy.
You can’t go wrong with Turkey as one of the world’s best holiday destinations for both summer vacations on the Mediterranean and Aegean coasts and city breaks in Istanbul and Ankara, among other places.
Find the right location
If you want to buy a hotel in Turkey, you should carefully consider the region since many hotels in seaside resorts only have a six-month business season. Nevertheless, it is possible to find resorts that are open all year for a consistent annual income, and larger cities will still have a 12-month business season.
Buying a commercial building in Turkey
Investing in commercial buildings for sale in Turkey is becoming increasingly popular, with high-end hotels, retail units, office buildings, luxury hotels, and other properties all offering excellent rental potential and high rental yields.
Apartment blocks for sale in Turkey are uncommon. When they do appear, they are typically snapped up quickly by astute investors who conduct thorough research into the area, looking for a viable source of income and a fair return on the initial investment.
Renovation of a commercial building
Properties can require renovation, but the type of work that can be done is often limited, especially for ancient historical buildings in places like Istanbul, where buildings may be classified as A-grade and covered by government preservation laws.
Suppose you’re looking for an apartment block for sale in Turkey. In that case, you can find them in Antalya, Bodum, Fethiye, and other cities, but doing your research on each region and checking individual licensing for each commercial building is a must.
Prices for apartment blocks for sale in Turkey vary depending on the style, scale, and location. High prices can be found in the city centre, but you can buy at a lower price in the suburbs, which have a shopping center, office blocks, and other amenities that will suit investors on a lower budget.
Antalya is another excellent investment area because it is a large modern city with plenty of hotels, office buildings, and shopping areas. Antalya is a large city, commercial building prices in Turkey may be out of reach for some buyers, so you may want to look at the all-year-round resort areas close to the city that will offer lower retail building prices.
Since many of Bodrum’s resort areas are open all year, it’s also an excellent place to invest in a commercial building, especially in the booming Bodrum Town or the affluent Yalikavak. However, since the budget is a factor, lower-budget investors may be better off looking in lesser-known all-year areas around the peninsula.
The Fethiye district, with its extensive shopping area and office and apartment buildings above, is also ideal for commercial building investments, as is the Calis Beach area, which has a large population of both Turkish and ex-pats who all enjoy shopping.