Investment properties in Turkey

The Turkish economy occupies the sixteenth rank globally and the sixth largest economy in the European countries. This is an important attraction for the investment and purchase of investment properties in Turkey such as land, farms, apartments, villas, hotels, buildings, shops, offices, stores and various types of residential, commercial and investment properties in all Turkish cities. Such as Istanbul, Yalova, Burse, and Trabzon.

The Turkish economy is booming, with prospects for a faster growth rate than most of the world’s economies, attracting nearly $ 15 billion a year in foreign investment, not to mention local investment.

What would encourage the influx of Arab capital to Turkey?

• The political and social stability in the country, unlike other countries in the Middle East, many of which are witnessing conflict, and severe tensions, reflected in the marked increase in real estate prices in Turkey, especially villas.

• Facilitating laws that guarantee foreigners who want to own or invest in Turkey their rights, equal to Turkish citizens, and even grant them tax exemptions and special privileges, such as the possibility of installment of real estate and obtaining a residence directly once ownership of the property is done with a specific value.

Investment properties in Turkey:

Do you know what you should pay attention to when buying a property for investment in Turkey?

Where to buy investment properties? When can I buy them?

Real estate prices have increased a lot lately, thus, real estate has become a more important investment tool in 2017 and 2018. It has become the most profitable option. The rate of increase in real estate prices over the past ten years has been in big cities such as Ankara, Izmir, and Istanbul, nearly 100 percent.

What should you pay attention to when buying investment properties?

It is advisable to set the necessary budget for the purchase of the investment property, while moving away from bank loans as much as possible when buying such properties, because of the high interest added on these loans, which are often equal to the expected investment profit or more, In addition to the possibility of difficulties in the regularity of payment of periodic installments, which may result in the imposition of other financial sanctions.

It is important also to note that the investment amount allocated for buying the property must be a surplus from the basic needs of the owner, because there is always a risk in the investment operations, and may get a loss if the investor suddenly had to buy the necessary liquidity.

It is not recommended to focus on the famous high-priced areas in major cities, but it is recommended to go to the developing regions and to under real estate development.

It is also necessary to research and investigate the reliability of the real estate company or the real estate broker before buying the property, and to check the price offered and specifications of the property, also to ascertain the technical issues related to the property in all respects, in addition to the legal situation and the form of registration in the registration of real estate records.

What are the most important properties for investment in Turkey?

The answer to this question varies according to the time, place and budget of the investment. The land for sale or investment may be the best option, and the apartments, shops or prefabricated buildings may be the best. It is related to the budget, the time allocated for the investment cycle and the target city within Turkey.

For example, rental yields on investment apartments in major cities are estimated at between 5 percent and 7 percent, while tourism rents are estimated at between 10 percent and 15 percent.

What are the most important tips when choosing investment apartments in Turkey?

First: Under construction apartments: because the prices of apartments in Turkey, much different if they are ready or under construction, and it is known that waiting will increases properties prices.

Second: Apartments in areas that are booming and growing with a strong urban movement, which can be growing and rising constantly unlike other stable and full areas.

Third: The real estate agent must be a consultant. You must choose a real estate brokerwith experience and reliability in Turkish real estate. It helps you choose an apartment to invest in Turkey so that the investor does not fall into the wrong choice.