The Turkish real estate market continues to be one of the region’s most strong real estate markets. It’s one of the country’s most important economic sectors, and continues to develop and take root and draw investors from all over the world. Travel and tourism in Turkey is huge and therefore so are foreign sales in the Turkish real estate market.
Real estate market in Turkey
This form of investment is widely dispersed among the Arabs and is the most commonly traded. In addition to remaining on holidays, these apartments benefit from the option of renting or selling them when their price is high. Investors usually choose to buy apartments under construction in substantial housing projects in Turkey, aiming for price differences starting at 25% or more when selling.
As for villas in Turkey, they are considered one of the most profitable investments in real estate, as they can be used to set up small enterprises, nurseries, or health centers. It is also possible to use villas in tourist areas to rent or make restaurants or tourist cafes for them.
Offices and stores
In Turkey, there are several shopping centres or towers with offices, shops, and stores for sale in Turkey. These offices are a significant opportunity to be used for commercial purposes. Tourist offices, flight booking offices, and service offices are based in Turkey, and they have offices in Istanbul.
Complete buildings are used to construct massive multidisciplinary enterprises, numerous medical facilities, or specific major educational centres.
Schools in Turkey, especially in Istanbul, are an excellent investment concept for buildings.
Best way to invest in real estate in Turkey
It is essential to choose a place near archaeological or tourist attractions or shopping centres, or close to transport lines. The apartment can be clad with the right furniture and carry all the house’s requirements and furnish it for rent. The monthly payout would be much higher, and critical areas such as buying apartments in Istanbul near universities can be exploited, ensuring international students who need to lease an apartment.
Investing in apartments under construction
You can purchase an apartment under construction in an area fitted with new infrastructures, such as the construction of metro stations or colleges, where you can buy the property at a lower price than when it is built. You can purchase in installments, and with comfortable payments for you, the cost of the apartment’s sale after it is prepared exceeds the price under construction by at least around 30 to 40%. You can even get deals to buy desirable real estate, such as purchasing the first apartments in Turkey inside modern ventures.
Investments may also be made in the acquisition, leasing, or opening of special projects in offices and retail stores. It is noted that Arab tourist offices and restaurants are among Turkey’s leading ventures, from which investors make the most of their income.
Advantages of real estate in Turkey
Residence in Turkey, which you can apply for if you are a property owner in Turkey for more than eight years. This property may later become a permanent residence for you.
Investing in real estate in Turkey on a commercial basis, such as opening a project or setting up a business, restaurant, or school, both of which give you the right to reside in Turkey as an investor or to obtain a working residence in Turkey, which provides you with the right to apply for Turkish citizenship after five years. Turkish citizenship is obtained by acquiring one or more Turkish properties over a 250,000 usd.
Commercial use of lands, such as offices, shops, hospitals, businesses, cafes, restaurants, colleges, health centers, or other multiple sectors, are vast.
To attain the necessary returns from them, real estate investments must be long-term. Therefore, the Turkish real estate investor must be careful and have long-term plans to invest the money that will be saved in Turkey in the form of real estate.