Turkey has many hotels in almost every city and region since it is one of the world’s most popular tourist destinations. Assume you have the financial resources to make a substantial investment in Turkey. Why not invest in a hotel in Turkey, which will provide you with a consistent stream of income throughout the year, as Turkey attracts millions of visitors each year.
Commercial prices in Turkey
The cost of a hotel in Turkey varies depending on the area and the size of the establishment. Small boutique hotels for those on a budget can be found in almost every area, offering luxury rooms for your guests and often attracting repeat customers, enabling you to build a solid customer base.
Large hotels in Turkey
For those with a significant investment budget, large hotels can be found in exclusive holiday resorts along coastlines or the centre of some of the world’s most famous cities. Turkey’s hotel rates can be customized to suit any investor’s budget. If you have a budget of £500,000 or more, you will find a hotel for sale in almost any Turkish area.
Overseas buyers of real estate in Turkey tend to invest in countries with a booming economy. Turkey by far is one of the best tourist destinations in the world, offering both summer vacations on the Mediterranean and Aegean coasts and city breaks in Istanbul and Ankara, among other locations.
Find the right location for you
If you want to buy a hotel in Turkey, you should first think about the area since many seaside resorts only operate for six months. However, for a consistent annual income, resorts that are open all year can be found, and larger cities will still have a 12-month business season.
Investing in a commercial building in Turkey
High-end hotels, retail units, office buildings, luxury hotels, and other properties all offer excellent rental potential and high rental yields, making commercial buildings for sale in Turkey increasingly common.
In Turkey, apartment blocks for sale are rare. When they do appear, astute investors 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.
Renovation of a commercial property
Property can require renovation, but the type of work that can be done is often restricted, especially in places like Istanbul, where buildings may be classified as A-grade and subject to government preservation laws.
Let’s say you’re looking for an apartment building to buy in Turkey. In that case, 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.
Apartment blocks for sale in Turkey are priced differently depending on the type, size, and venue. The city centre has high rates, but you can get a better deal in the suburbs, which have a shopping centre, office buildings, and other facilities that will appeal to buyers on a tight budget.
Antalya is a great place to invest because it is a big modern city with many hotels, office buildings, and shopping malls. Since Antalya is a large city and commercial building prices in Turkey may be out of reach for some buyers, you will want to consider the all-year-round resort areas near the city, which will have 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 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.
With its extensive retail area, office and apartment buildings above, the Fethiye district and the Calis Beach area, which have a vast population of Turkish and ex-pats who all enjoy shopping, are excellent commercial building investments.