Commercial property in Turkey is in every region as it is one of the world’s most desirable destinations. You could invest in a hotel in Turkey, which will give you consistent income year-round, due to Turkey attracting millions of visitors each year.
Turkey’s hotel rates
Hotel prices in Turkey vary depending on the area and the size of the building. Boutique hotels tend to be on a smaller scale and are ideal for those on a budget. They can be found in virtually every location, offering beautiful rooms. These hotels attract repeat customers, allowing you to build a solid customer base. If you want to buy in specific areas such as those offering golf, take a look at where do you find golf property in Turkey? Here you could invest in villas or apartments.
Hotels with a high investment value
Big hotels can be found in exclusive holiday resorts along coastlines or the centre of some of the world’s most popular cities for those with a significant investment budget. Turkey’s hotel prices are suitable for any buyer’s budget. If you can afford £500,000 or more, you will find a hotel for sale in almost any Turkey area. Overseas buyers of Turkish real estate tend to invest in countries with a booming economy. Turkey is one of the most desired holiday destinations globally. Offering summer holidays on the Mediterranean and Aegean coasts plus city breaks in Istanbul and among other locations.
Locate the ideal spot
If you are looking to buy a hotel in Turkey, you should think about the area first since many hotels in seaside resorts only operate for six months. However, for a consistent annual income, open resorts all year can be found, and larger cities will still have a 12-month business season.
Purchasing commercial real estate in Turkey
Exclusive hotels, retail units, office buildings, luxury hotels, and other properties offer superb rental potential and high rental yields. Apartment blocks for sale are rare in Turkey. When they do go up for sale, buyers who conduct thorough research into the field, looking for a viable source of income and a reasonable return on the initial investment, usually snap them up quickly.
A commercial building that needs to be renovated
Property may need to be renovated, but some renovation work may be restricted in areas like Istanbul. This is because some buildings could be classified as A-grade and have government preservation laws in place. If you’re searching for an apartment building for sale in Turkey, you’ll find them in Antalya, Bodrum, Fethiye, and other towns, but you’ll need to do your homework on each area and double-check individual licensing for each commercial structure.
Istanbul is the largest city in Turkey
Apartment buildings in Turkey are priced differently. The city centre rates are higher, and you can get better prices on the fringe of cities, which have a shopping centre, office buildings, and other facilities.
Antalya is the leading holiday destination in Turkey
Antalya is a favourite location to invest in because it is a big modern city with many hotels, office buildings, and shopping centres. Antalya is a big city and is busy year-round; for this reason, you must consider these types of resorts near the city, which will have lower retail building prices.
Bodrum is a favourite holiday hot spot and for property investment
Bodrum’s resorts are open all year; it’s also an excellent place to invest in a commercial building, especially in booming Bodrum Town or affluent Yalikavak. On the other hand, lower-budget investors could be better off looking in lesser-known all-year areas around the peninsula, given the budget constraint.
Fethiye superb for vacations and popular with ex-pats
The Fethiye district, with its extensive retail area and office and apartment buildings above, and the Calis Beach area, which has a vast population of both Turkish and ex-pats who all enjoy shopping, are excellent commercial building investments.