Types of properties in Turkey
In the real estate market in Turkey, there are many types of properties that provide high and guaranteed investment returns and profits. In this article from Ebla Real Estate, we will talk about the most prominent of them.
The real estate market in Turkey:
The real estate market in Turkey is the most attractive to investors compared to other investments in the country. Turkey is witnessing a comprehensive renaissance and continuous development. It has strong infrastructure, constructive projects and integrated services.
Turkey offers diverse real estate options including residential, commercial and industrial buildings. Moreover, real estate in Turkey is characterized by reasonable prices compared to neighboring countries. Thus, investors can get high returns from their investment in real estate.
What confirms the prosperity of real estate investment and the diversity of its options is the distribution of real estate sales as follows:
- More than 92 thousand residential properties.
- More than 43 thousand lands intended for construction.
- About 82,000 arable lands.
- More than 11,000 commercial offices and workplaces.
Types of properties in Turkey:
Residential real estate in Turkey:
It is considered a common and sold type of property in comparison to the other types. Moreover, residential properties are used for the purpose of housing or investing. They include many different types, including:
Residential apartments within a residential complex:
Residential complexes in Turkey are usually located in desirable areas near amenities such as shops, restaurants and cafes. They often have good transport links too. Moreover, they include service and recreational facilities such as gardens, swimming pools, gyms, security systems, etc.
Residential apartments outside a residential complex:
It is usually independent buildings. Moreover, it consists of 4-10 floors at a maximum. It is worth noting that it is without any services except for the public services provided by the Turkish government in each neighborhood. Thus, the prices of these apartments are lower than those within compounds.
Residential villas:
The residential villa is a separate unit, usually located in neighborhoods far from the city center or in rural areas. It consists of two, three or more floors, suitable for large families. The villa features a private garden and sometimes contains a private pool. It is also surrounded by fences in all directions and has a private entrance.
Tourist villas:
These villas enjoy charming views of nature, such as beaches, parks, and lakes. Moreover, they are distinguished by luxurious designs and high-quality specifications.
Studio apartments:
The area of these apartments is small and does not exceed 60 square meters, which makes them suitable for individuals or couples. Moreover, its price is low, compared to the other types of residential real estate in Turkey.
Duplexes apartments:
Duplex apartments consist of two floors, connected with a private internal staircase, and its area varies according to the needs of the people. Usually, the first floor of these apartments is dedicated to the kitchen and living room, and the second floor is dedicated to the bedroom and bathroom. Thus, they offer more space than traditional apartments, and they can bear the numbers of somewhat large family members.
Industrial real estate in Turkey:
It is one of the most prominent types of properties in Turkey, located in areas far from cities, dedicated to industrial investments. Among the types of industrial real estate in Turkey, we mention: warehouses. factories. production centers. distribution centers.
Commercial real estate in Turkey:
It is also one of the most important types of properties in Turkey. It is used for the purpose of managing business and commercial investment. Commercial properties include many different types, including:
Offices:
Offices are one of the pioneering investments of many real estate owners, as they provide guaranteed investment returns. Moreover, the average rental yield for offices in Turkey is around 7%. This is above average for other types of real estate.
Commercial shops:
The prices of commercial shops in Turkey are relatively low, the build quality is high, and there is a variety of shops available. It is worth noting that the return on investment is huge, especially the stores contracting with international brands.
Restaurants and cafes:
Restaurants and cafes are located in the tourist and vital areas in Turkey. As Turkey is a preferred destination for many tourists from all over the world. Thus, they provide a great way to generate income, an opportunity to live and work in a beautiful country, and an opportunity to own your own business.
Companies:
These companies are within one building or several independent buildings, depending on the nature and specialization of the company. Among the most prominent companies in Turkey are sales and export companies, real estate companies, and tourism companies.
Hotels:
It is a huge project that needs a large budget. Hotels in Turkey provide very huge profits, as there is a great demand on hotels in all seasons.
Educational buildings:
It provides an excellent investment opportunity. As the education sector in Turkey is growing rapidly, there is a great demand for high quality educational buildings. Moreover, there are many foreign residents residing in the country who want to learn Turkish and other languages.
Edited by: Ebla Group Real Estate
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