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Make profitable real estate investments in Turkey
Are you ready to diversify your portfolio and amplify your returns? Turkey is an interesting option for many reasons including a diversified economy, a booming tourism sector, and a strategic location between Europe and Asia. Before you invest, you must consider a few criteria to make the right and most appropriate choice while purchasing a property in Turkey.
Why invest in real estate in Turkey?
Here are the main benefits of investing in real estate in Turkey. You will notice that the country has everything it takes to attract foreign investors.
Affordable real estate prices
Compared to other European countries, property prices are quite affordable in Turkey. This is why foreign investors tend to choose it from all other destinations.
Various types of property
If you intend to purchase a property in Turkey, you have the choice between many types of real estate. From villas to apartments, beachside to urban properties, you can choose the type that best fits your goals and budget.
Simple investment process
Another reason that makes Turkey a great destination when it comes to real estate investment is the simple purchasing process. You can even buy a property without being a resident in Turkey.
High potential for renting business
Turkey is a destination that attracts tourists from all over the world. It is also famous for health tourism thanks to its competent surgeons in dental surgery, ophthalmology, and particularly plastic surgery.
Hence, if you’re willing to provide short-term rental with your property, you can benefit from high earnings since many cities in Turkey are characterized by high demand for vacation rentals.
Citizenship by investment
One more advantage of investing in real estate in Turkey is the possibility of getting Turkish citizenship provided that you invest a minimum of $600.000 in real estate. You can obtain citizenship within 3 to six months and the application process is quite simple. This will open a world of opportunities for you and your family.
Maximize your return on investment with our partner Emlakjet
Whether you’re an investor looking for the best opportunity on the real estate market, or an owner looking to sell or rent your property, Emlakjet.com gives you access to all the knowledge and expertise you need to maximize your return on investment.
Criteria to consider while investing in real estate in Turkey
Before engaging in the purchase of a property in Turkey, make sure you define some criteria that will help you choose the real estate that best fits your needs, budget, and goals. Here are some criteria that are essential for your investment strategy.
Analyze the real estate market
Before considering the investment in real estate in Turkey, think about analyzing the market in general and particularly the region where you’d like to invest. Assess the transportation means, the accessibility, and the commercial spaces around. Evaluate the purchase price, the monthly renting price as well as the taxes, maintenance, and cleaning costs. This will give you an overview of how profitable your investment will be.
Define a budget
It is very important to set the right budget from the beginning. This will help you negotiate properly your purchase price and set the right payment plan.
Choose the right region
Based on the use you will have of your real estate, you have to choose the right location. For instance, if you’re willing to rent your property for vacation, make sure you choose an attractive and touristic region such as Istanbul, Antalya and Bodrum. Check out the most attractive cities to invest in short-term rentals in Turkey.
Pay attention to the legal aspects
Understanding the legal landscape is crucial. Make sure you examine carefully the legal aspects including the documents of the property you are about to acquire such as the title deed. In case you consider short-term rental of your property, make sure you are aware of the new Airbnb regulations in Turkey.
Entrust your real estate investment to Welcome Concierge
Investing in real estate in Turkey as a foreigner can seem daunting, but it doesn’t have to be. If you have no idea where to start to invest in real estate in Turkey, Welcome Concierge can take care of your investment through the whole acquisition process including the searching phase. We help you make a successful investment and help you manage your property both in the short and long term. Reach out today and let’s discover how you can maximize your investment and unlock the potential of your real estate in Turkey together!
