In recent years, Türkiye has witnessed remarkable growth in the real estate investment sector and investing in real estate in Turkey is an interesting opportunity for both local and foreign investors and Turkey enjoys a privileged geographical location that makes it a bridge between European and Asian continents, which attracts investors to explore real estate opportunities in this dynamic and developing country.
Learn about real estate investment methods in Turkey
There are many ways to invest in real estate in Turkey, so let's get to know the most prominent of them:
Building real estate in Turkey and selling it
The investor's approach towards building ready-made housing in Turkey is a very good option, as it guarantees him sure profits, and in this case, the investor builds housing units in developing areas close to vital projects and equipped with the required infrastructure and after completing its construction, he displays it for sale, whether separate or complete and many investors will notice the great demand for these properties, since many people who want to
buy a property in Turkey prefer to buy ready-made housing that has been newly built and has not been used before.
Building and renting real estate in Turkey
Investment trends in Turkey indicate that many investors prefer to build modern residential complexes or commercial real estate, like malls, and keeping ownership instead of selling it, these properties are exploited by renting them, and investors develop profitable plans aimed at achieving a fixed monthly income in addition to owning the property.
Real estate trading through leasing is one of the very popular methods in real estate investment, due to its ease of implementation and the continuity of material return achieved by investors in the long term, by renting real estate, a fixed monthly return is achieved, which is a sustainable source of income in the long term, which makes this method suitable for investors who seek to achieve a permanent and sustainable financial return.
Buying real estate in Turkey with the aim of selling or renting
Some investors prefer to
buy real estate in Turkey in areas that provide excellent services and are eligible for rapid development in a short period of time, based on the surrounding strategy and they buy these properties not for the purpose of owning, but in order to rent them or resell them to take advantage of the profitable increase in their value over time, after a certain period of time.
This type of investment requires taking advantage of opportunities to buy real estate at the lowest prices, that is, at low prices, with the aim of increasing the volume of profits when reselling them, whether in the short period or after a significant period of time, or by renting them, and in this context, multiple rental options are available, including monthly rental for tourists, annual rental or seasonal rental.
Features of real estate investment in Turkey
1. Turkey has been witnessing rapid and continuous economic growth over recent years and this growth supports continuity and stability in the real estate sector and enhances the chances of return on investment.
2. Turkey is located at the intersection of European and Asian continents, which makes it an important center for trade and investment. Turkey's geographical location provides various opportunities for real estate investment in many major cities such as Istanbul, Antalya and Bodrum.
3. Turkey is witnessing a great movement in the real estate market, including the increasing demand for housing, offices, shops, and tourist real estate and this activity provides opportunities for investors to benefit from achieving good financial returns.
4. Real estate in Turkey is characterized by competitive prices compared to other European countries and investors can buy high-value properties at a reasonable cost and thus achieve good returns when selling or renting them.
5. Laws in Turkey allow foreigners to easily buy real estate and obtain real estate ownership and foreign investors enjoy the same property rights as Turkish citizens, which enhances confidence and stability in the real estate market.
6. The population in Turkey is constantly increasing, which drives the demand for housing and residential real estate and this provides opportunities to invest in family housing or hotel apartments and achieve sustainable investment returns.
7. Turkey enjoys political and legal stability, which guarantees the protection of investors' rights and enhances confidence in the real estate market.
Common questions
What are the basic steps for real estate investment in Turkey?
Real estate investment in Turkey requires checking local laws and regulations, opening a local bank account, and obtaining a tax identification number.
Can foreigners buy real estate in Turkey?
Yes, foreigners can
buy real estate in Turkey and obtain the right to real estate ownership with the same rights granted to Turkish citizens.
What are the papers required to buy a property in Turkey?
Documents required include passport or valid ID card, sales deed and bank transfer certificate to pay for the property.