Buying a commercial property in Bursa, Turkey
Bursa is an attractive destination for investors seeking opportunities in the Turkish real estate market. With its strategic location, robust infrastructure, and strong business environment, Bursa offers promising prospects for those looking to buy commercial properties. Therefore, in this article from Ebla Real Estate, we will talk about buying a commercial property in Bursa, Turkey and the advantages that these properties offer.
How to make an informed decision to buy a commercial property in Bursa?
Making an informed decision to buy a commercial property in Bursa requires many essential steps to reach your investment goals, including:
Define Your Investment Objectives:
Clearly outline your investment goals and criteria. Determine the type of commercial property you are interested in (e.g., office space, retail space, industrial property) and specify your budget, expected returns, and investment timeframe.
Research the Market:
Conduct comprehensive market research to understand the current trends, demand, and supply of commercial properties in Bursa. Analyze rental rates, vacancy rates, and potential growth areas to identify promising investment opportunities.
Consult a real estate company:
Consult with a reputable real estate consultant in Bursa. Their expertise can provide valuable insights and help you find suitable properties that align with your investment objectives.
Property Location and Accessibility:
Evaluate the location of the commercial property. A prime location with good accessibility and visibility is crucial for attracting tenants or customers and ensuring potential capital appreciation.
Financial Analysis:
Perform a detailed financial analysis, including evaluating the potential rental income, operating expenses, and potential return on investment (ROI). Factor in additional costs like taxes, maintenance, and property management.
The Legal status:
Ensuring the legal status of a property in Turkey is crucial before making any real estate transaction. You should make sure of the information of the title deed. Moreover, you should check the official records at the Land Registry Office for any annotations, liens, or mortgages on the property. Ensure there are no outstanding debts or unpaid taxes associated with the property.
Benefits of buying a commercial property in Bursa, Turkey:
- Bursa has a high economic position in Turkey, especially in the field of trade and export.
- Urban expansion in most neighborhoods, in addition to the strength of the infrastructure.
- The high return on investment as there is usually more demand for commercial properties.
- Good financial profits for a long-term period, as the lease contract can extend for a period of 6 years or more, in addition to the possibility of extension.
- Commercial real estate in Bursa is the most common type of investment that saves money from global inflation factors and the loss of its purchasing value.
- The prices of commercial real estate rise periodically and automatically.
- In addition, by buying a commercial property in Bursa, investors can obtain Turkish citizenship if it matches the stipulated conditions.
Is it possible to obtain Turkish citizenship in exchange for buying a commercial property in Bursa?
According to the amended Nationality Law dated 9/19/2018, a foreign citizen who buys a commercial property worth $400,000 can obtain Turkish citizenship. He can also grant citizenship to his wife and children under the age of 18.
It is worth noting that if you want to buy and invest in a commercial property in Bursa, you just need to contact Ebla Real Estate, we provide free consultancy and offer the best options of real estate.
Edited by: Ebla Group Real Estate
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