Steps for real estate investment in Turkey

Steps for successful real estate investment in Turkey

Turkey is a fertile environment for the growth and success of all types of investment, especially real estate investment. Investing in real estate has proven throughout history that it is the best option, as its value cannot decrease, but rather increases constantly, especially if the investor chooses the property in a clever way according to specific foundations. Therefore, in this article from Ebla Real Estate, we will talk about the steps for real estate investment in Turkey.

Table of contents:

• Steps for real estate investment in Turkey:
  • Study the real estate market in Turkey.
  • Define the real estate investment strategy.
  • Determine a strategic city in Turkey for real estate investment.
  • Consult an accredited real estate company.
  • Determine a suitable area within the city.
  • Choose the appropriate time.
  • Make the final decision and purchase the property.

Steps for real estate investment in Turkey:

Real estate investment in Turkey or other countries is similar to other investment areas that require a certain strategy. There are many steps to follow for a successful investment project as we will see in this article. The most important for real estate investment in Turkey:

1. Study the real estate market in Turkey:

Before starting the real estate investment project, investors should study the market. Moreover, investors should see everything related to the real estate market, its reality and its future in a detailed and accurate way. 

In addition, when studying the realities of the Turkish real estate market, investors should know the following:

1. Legal and administrative affairs related to real estate in Turkey.
2. Technical affairs related to real estate and buildings in Turkey.
3. Factors affecting the Turkish real estate market. 
4. Identify future infrastructure projects that directly affect the real estate market.

2. Define the real estate investment strategy:

After studying the real estate market in Turkey, investors should define the investment strategy of budgeting and the duration of profit-taking.

Some of the important details that investors should take into account are to determine the budget and the time they need to make profits.

3. Determine a strategic city in Turkey for real estate investment:

Undoubtedly, every city in Turkey has specific advantages and characteristics. Choosing a strategic city in Turkey is a very important step and plays a role in determining the success rates of your investment in Turkey.

Thus, it is better to purchase a property in the areas that are still experiencing growth and development. Moreover, tourist cities are among the most important options for real estate investment, because the demand for buying and renting real estate in them increases significantly. Among the most important cities in Turkey are Istanbul, Bursa, Trabzon, Ankara and Antalya.

4. Consult an accredited real estate company:

Consulting a reliable real estate company in the city you have chosen, is one of the most important steps for successful investment projects. Thus, investors in the Turkish real estate market must deal with experienced companies.

To choose the most suitable real estate company in Turkey, you need to consider a range of qualities that these companies should have:

1. The real estate company must be approved, licensed within Turkey legally.
2. Moreover, the company should have a long experience in the Turkish real estate field.
3. Furthermore, it must have offices with real estate consultants who have professionalism and flexibility.
4. Additionally, the company should be familiar with the area, local market, and purchasing procedures.
5. The real estate company should also have various offers and options of buildings, projects and real estate.
6. In addition, you should check out the company’s former customers and their opinions and satisfaction with the company’s dealings.

5. Determine a suitable area within the city:

After you choose a strategic city and consult a real estate company, you need to determine a suitable area for investment where you can get high profits and abundant returns.

When you want to choose the area, you should consider the following: 

Proximity to local cafes, shops, schools and parks; low crime rates; street access and parking as well as access to public transport.

Basaksehir is a good option in Istanbul and Nilufer is a good option in Bursa.

6. Choose the appropriate time:

Determining the time makes a big difference for investors in real estate in Turkey. The smart investor is the one who chooses to buy a property in Turkey at the right time. Thus, investors should buy the property when prices are low or appropriate and sell when prices are high.

7. Make the final decision and purchase the property:

This step is the culmination of all previous actions that have gone right and properly by buying the right property and successfully starting your investment plan in Turkey.

Thus, investors can contact Ebla Real Estate, which is one of the leading companies in the real estate field in Turkey, to start their real estate investments and get high returns.

Edited by: Ebla Group Real Estate

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