Real estate investing tips for successful investment in Turkey – Guide to a profitable investment
real estate investing tipsTurkey is a fertile environment for the growth and success of all types of investment, especially real estate investment. Many foreigners who are looking for apartments and real estate for sale in Turkey aim for real estate investment. Thus, in this article from Ebla Real Estate, we will provide real estate investing tips for successful investment in Turkey.
An introduction:
The real estate market has gained a reputation for being the most guaranteed investment sector. It’s the safest way to make money and also the quickest.
To make a successful real estate investment in Turkey, you need to follow some steps and consider some important details, so we will provide you with a guide to a successful investment.
Real estate investing tips for successful investment in Turkey:
Determine the purpose of buying a property in Turkey:
Determining the purpose of buying a property is among the real estate investing tips. When you want to purchase a property, you should know what type of property you are looking for. For example, do you want it ready to move in or under construction. Moreover, you should determine why you want to buy it, to live, to invest or to obtain Turkish citizenship. In addition, you have to choose the location of the property very carefully according to the goal you seek.
Determine your budget:
One of the important details that you should take into account is that you should monitor your money. Moreover, it is necessary that the properties you buy according to your capabilities and limited budget, preferably not loan. Thus, you should always make sure to choose a property that fits your budget.
Choose a suitable city in Turkey:
Among the real estate investing tips is to be precise in selecting the city. The city greatly affects the success of real estate investment. Moreover, it is better if the investor would purchase property in areas that are still experiencing growth and development. That is because the price of real estate in areas that are still experiencing growth and development has not reached the peak yet, and it rises gradually. In addition, 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.
Consult a trusted real estate company:
Many people think that they can buy property in Turkey on their own and without having to use a real estate company. However, they will face some obstacles due to their lack of experience in the Turkish real estate market. Thus, to make a successful real estate investment, investors should consult an accredited real estate company in Turkey. Make sure that the company has offices with real estate consultants who have experience, professionalism and flexibility. Moreover, make sure that the company is familiar with the area, local market, and purchasing procedures.
Study the real estate market and compare between the available offers:
You should see everything related to the real estate market. In order to obtain comprehensive information about it, you must ask about all the laws related to the purchase of real estate by foreigners in Turkey. Moreover, investors who want to achieve successful real estate investment should take advantage of opportunities and offers as much as possible.
Consider the importance of the location (services – amenities – investment future):
The location of the property plays an important role in evaluating its price and raising its future value. Proximity to local cafes, shops, schools and parks; low crime rates; street access and parking as well as access to public transport and being away from the “hustle and bustle” are just some of the attributes worth considering.
- Consider the on-site facilities:
The services and facilities of modern residential complexes in Turkey play a major role in supporting the investment project. Moreover, the availability of facilities such as gardens, playgrounds and swimming pools contributes to raising the price of the property in the future.
Choose the appropriate time:
Among the real estate investing tips is to choose the correct time. The smart investor is the one who chooses to buy an apartment in Turkey or any other type of real estate at the right time that helps him achieve the results he is looking for
Set the expected profits:
Do the calculation of the expected profit, the amount of taxes you will pay, and everything you might see in the future. Thus, you don’t be surprised by anything that comes out of the blue.
Thus, we provided real estate investing tips.
Edited by: Ebla Group Real Estate
If you like the topic, do not forget to share it with your friends.
