Residential and investment real estate in Turkey and the difference between them
Being familiar with the difference between residential and investment real estate in Turkey is necessary for determining the goal of buying a property in Turkey. Therefore, in this article from Ebla Real Estate, we will talk about the residential and investment real estate in Turkey and the difference between them.
Residential real estate in Turkey:
Residential properties include many different types of houses. Moreover, it is considered a common and quickly sold type in comparison to the other types. The residential property is used for residential purposes. Thus, those wishing to buy a residential property in Turkey, should pay attention to the internal and external details of the property.
Aspects to consider when buying a residential property in Turkey:
- The vital location of the property, such as its proximity to service, educational and health centers, in addition to its proximity to transportation.
- It is better to be close to the city center to be close to all the services that the residents may need.
- Consider the total area of the property and the number of rooms to suit the number of family members.
- Moreover, the residential property in Turkey must be characterized by distinguished modern decorations and distinctive interior and exterior finishes.
- Furthermore, the residential property must have high quality plumbing fixtures and be free of moisture
- It is also better to be within a residential complex with a full range of facilities including gardens, children’s playground areas, gyms, etc.
Investment real estate in Turkey:
The purpose of buying an investment real estate in Turkey is to achieve high profits within a short period by reselling the property or renting it. As investing in real estate in Turkey is the most guaranteed investment sector. Moreover, it is the safest and quickest way to make money.
Aspects to consider when buying an investment property in Turkey:
- The investor in Turkey must choose a property for investment within a close distance to the service centers and vital facilities, such as universities, schools, markets, and hospitals, as well as the availability of transportation.
- Moreover, investors should choose a strategic location where they get high profits and abundant returns.
- It is better to purchase the investment property in the areas that are still experiencing growth and development.
- Consider its proximity to historical places and tourist attractions, which increase the importance of investment real estate, whether by resale or t rent.
- Furthermore, investors should make sure that the property is suitable for investment in terms of quality, age of construction and condition of the property (under construction – ready to move in).
- The views of the investment property in Turkey play a major role in raising its value and increasing its profits, especially if the property overlooks the forests, gardens and beautiful nature.
- In addition, 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.
The difference between residential and investment real estate in Turkey:
The investment property must be newly built or under construction, conforming to the international standards.. That contributes to raising the value of the property in the future. However, the age of the construction of the residential property in Turkey is not a significant factor if it has a good location, especially for people with medium financial capabilities who want housing and stability.
The location of the property plays an important role in evaluating its price and raising its future value, especially if the purpose of the purchase is real estate investment in Turkey.
the investment property should be located close to the tourist areas because the demand for buying and renting real estate in these areas increases significantly. However, residential real estate should be close to services and facilities.
The external designs and decorations in the investment property in Turkey are more important than the interior ones, unlike the residential property in Turkey, which should have modern high-quality interior designs and decorations.
Buying an investment property means that the investor should study the real estate market well and consider the potential rent or the potential income of the property. However, buying a residential property means that the buyer should pay attention to the detail of the property and neighborhood.
It is worth noting that it is important to consult an approved real estate company whether to buy a residential or investment property in Turkey. And Ebla Real Estate provides the valued clients with the best residential and investment real estate opportunities in Turkey. To see the latest offers, do not hesitate to contact us.
Edited by: Ebla Group Real Estate
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