Why invest in commercial properties in Turkey? And what are the advantages?
As Turkey, especially Istanbul, is constantly growing and changing with new developments, the best real estate areas to invest in are becoming more numerous.
People often ask in which areas it is best to invest in real estate. Each investment area has different strengths and profit opportunities.
- Excellent returns that grow over time:
Investment in real estate in Turkey offers a profitable return based on the attraction of tourism in Turkey, which manifests itself in its best form during tourist periods and seasons, due to the demand for rental housing during these seasons throughout the year, so that the considered investment in real estate, which is very popular during tourist seasons in Turkey, can offer encouraging profits and a good return.
- Possibility of obtaining Turkish citizenship:
What has increased the weight of Turkey as one of the best countries in the world for real estate investment is the linking of the granting of Turkish citizenship with the ownership of property worth 400 thousand US dollars, whether it is a flat, an office, a villa or a shop, and this on concessional terms, which has been seen as a strong motivator for those coming from unstable countries in particular to buy real estate in Turkey, even if this is accompanied by an increase in real estate prices in Turkey, which means that the demand for real estate in Turkey remains despite all circumstances.
- Turkish government support for the real estate sector
One of the advantages of investing in real estate in Turkey is that the Turkish government has given special importance to the real estate sector in recent years through numerous real estate campaigns.
In addition to:
- The Turkish real estate market is full of promising and excellent opportunities.
- Real estate prices are more favorable compared to Europe.
- Tax incentives for foreign investors
You can also take a look at Offices for sale in Istanbul
How do you choose the right property?
The suitable property is selected after observing some of the specifications that must be present in the property so that we can say that it is suitable and distinctive.
For example:
- The location and service buildings in the area, such as hospitals and schools.
- Being close to the city center or far from it.
- The presence within a residential complex and the services offered by the residential complex, such as protection, surveillance, etc.
Are real estate investments in Turkey protected from inflation?
As for the impact of inflation on real estate investment in Turkey, there is no doubt that it has a negative effect on the local consumer price index, whose income depends on the Turkish domestic market.
As for the impact of inflation on foreign investors who trade in currencies other than the Turkish currency and thus bring their investment money from outside the Turkish domestic market, the high inflation rate will not affect the purchase and rent for these investors, but the high inflation can sometimes be beneficial for them.
What are the steps to buying a property in Istanbul?
- Send a request for a free consultation
- Request a virtual tour if you do not have the opportunity to come to Turkey
- Determine your budget for buying a property in Turkey
- Find out about the available options
- Identify alternatives if necessary
- Visit the project or property
- Submit the necessary documents to confirm the contracts
Why Property is So Cheap in Istanbul?
As real estate agents with clients all over the world, some ask us why real estate in Turkey is so cheap? With starting prices around $100,000 to $300,000 for an apartment, that’s an excellent question.
Before we answer it, however, you need to know that some regional real estate markets in Turkey do a brisk trade in luxury properties. So, if you want to buy cheap property, you should look for regions rather than the whole country.
You can also take a look at Apartments for sale in Istanbul
What are the investment opportunities in commercial property for sale In Istanbul?
There are many reasons to consider investment opportunities in commercial real estate in Turkey. Entering the Turkish real estate market promises a rewarding investment, as the real estate sector is not affected by the recurring crises that plague the economy from time to time.
An investment in the real estate market is characterized by the fact that it is a long-term investment, as the profit period from the purchase of a property lasts for several years, while the observer of the crises that the Turkish economy goes through notes that their periods alone are often not long and the demand for real estate is constantly increasing, which helps to maintain the momentum of the Turkish real estate sector as the closest safe haven for the capital.
It is certain that the Turkish real estate sector is also influenced by objective factors that go beyond the importance of the real estate sector itself because it includes the country’s infrastructure in its broad sense.
You can also take a look at Villas for sale in Istanbul
Tips for those wishing to invest in commercial real estate in Turkey:
When buying buildings, offices, hotels, and all commercial properties in Turkey, you need to contact real estate experts, and Imtilak Real Estate Company puts the investor on a fixed land where there is nothing, where there are several investors. They have entered the Turkish real estate market through a deceptive portal.
In general, it is not recommended to focus on the famous areas with high prices, but to go to the most attractive areas of Turkish cities for real estate investment and areas under development, and to go to new transportation projects such as airports, railroads, and bridges, as well as urban development projects that bear the burden of modernization of cities and even the establishment and planning of new cities, where prices are very suitable for entry in the initial stage of establishment, more than in finished areas where prices have peaked.
