Profitable real estate investment in Turkey
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Profitable real estate investment in Turkey

Created: 2022-05-25 Modified: 2024-07-08 Views: 6607 Luxury Signature Admin
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Real estate investment is one of the most profitable and safe types of investments in the world. Fixed assets such as land, houses and apartments increase in value over time, in addition to the fact that real estate is not affected by market fluctuations as happens in stocks, and supply and demand does not stop in it, due to the permanent human need for housing and stability.

 

Real estate investment in Turkey is one of the best and most profitable types of investments, which attracted the attention of investors from all over the world, due to several reasons, including: the high profit returns and the rental guarantee offered by most residential and investment projects in Turkey, and the cheap real estate prices in Turkey compared to Dubai and European countries, and the advantages granted by the Turkish government to investors from the possibility of obtaining Turkish citizenship, real estate residence and other facilities and incentives that no other country in the world offers.

 

Types of real estate investment in Turkey

Real estate investment has several forms and types that differ according to the investor’s goal and the profit he is looking to achieve. These types are as follows:

1- Investment by buying residential real estate or hotel apartments, and then reselling or renting them and ensuring a stable profit in the long term, such as buying studio apartments in a residential project located near universities, schools and public transportation and renting them to students, or buying an apartment in the city center near the business centers, or a villa in the coastal areas overlooking the sea, such as Beylikduzu and Buyukcekmece, and renting it to families during the seasons of tourism and holidays.

Another form of real estate investment is to buy an apartment in a project under construction at a cheap price and then resell it after the project is completed and the price of the apartment rises. The first option differs from the second in that the first guarantees the investor a profit and a fixed monthly return, while the second is more suitable for those who want quick and urgent profits.

2- Investment by buying shops and offices, either to license it and practice a commercial activity in it, or to rent it or resell it later, taking into account the selection of the appropriate location for the shop or office, to be within a vital area near the city center and the markets.

 

Suitable options for real estate investment in Turkey

Apartment of the type 1+1 within a luxury project in Beyoglu district near the famous Taksim Square.

This distinctive apartment has an area of 58 square meters, and it is ready for housing in a special location, making it an ideal option for investment.

The price of the apartment is $433.000, which qualifies the owner to apply and obtain Turkish citizenship.

The project's prime location is within walking distance of Taksim Square, Istiklal Street, metro station, markets, and hotels.

For more details about the project: Investment apartments in the heart of Taksim

taksim apartment

Apartment under construction within a very luxurious project on the Asian side of Istanbul, in the famous Uskudar district, with a charming view of the Bosphorus.

This amazing 2+1 apartment will be delivered on 12/2023 meaning that its price will more than triple from today until the project is completed.

The apartment price is $1.140.000 and flexible payment plans are available for this apartment in the form of 50% down payment and installments up to 24 months.

For more details about the project: Luxury homes in the Asian Istanbul by the Bosphorus

nef kandili istanbul

Frequently asked questions

What are the types of real estate investment in Turkey?

- Investing by purchasing residential real estate or hotel apartments.
- Buying an apartment in a project under construction.
- Investing by buying shops and offices.

Do foreigners have the right to own a property in Turkey?

Yes, the Turkish People's Assembly issued a decree in September 2012 granting foreigners the right to own real estate in Turkey.

Can I get the property at a cheaper price by buying directly from the developer?

Not true, real estate developers offer the same prices, while our real estate consultant will provide you with all information and details regarding the project and provide you with the best services.

How to make money in real estate in Turkey?

There are several ways to profit from real estate in Turkey: you can rent out your apartment or resell it later at a higher price. Renting out properties is particularly lucrative during the tourist season.

What is the future of real estate in Turkey?

The future of Turkey's real estate market looks promising. According to Statista, the industry is projected to grow to $7.81 trillion by 2024. Residential properties, in particular, are expected to reach $10.29 trillion by 2028, with an annual growth rate of 7.14%.

What is the best way to communicate with sellers and real estate agents if I do not speak Turkish?

It is recommended to deal with real estate agents who speak English or to hire a certified legal translator to ensure that all terms and conditions are clearly understood.

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