Why are Turkey apartments your best investment choice?

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Why are Turkey apartments your best investment choice?

Advantages of investing in real estate and apartments in Turkey

Why are Turkey apartments your best investment choice?
28th October 2022
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Turkey is an important destination for real estate investment, as all indications confirm that this project will have echoes of distinguished and important successes, depending on the important components that this city possesses.

In this article, we will put in your hands a set of information related to investing in real estate in Turkey, and will highlight some other aspects of interest to anyone who wants to own property.

 

Advantages of investing in apartments in Turkey

Deciding to invest in real estate in Turkey will bring you many advantages and positive aspects, the most important of which are the following:

1 - One of the main advantages of investing in apartments in Turkey is the rental income that you can make from your property. With the stable economy and growing tourism seasons, there is a great demand for real estate rentals in Turkey, especially in popular tourist destinations such as Istanbul, Antalya and Izmir.

2 - Another advantage of investing in apartments in Turkey is that you can expect real estate prices to rise significantly over time due to the strong economic growth that Turkey has been witnessing in recent years, as well as the increasing demand for Turkish real estate from local and international buyers.

3 - Investing in apartments in Turkey also comes with many tax advantages. For example, if you buy an apartment under construction, you can get a VAT refund of up to 18%. In addition, there are many other tax deductions and exemptions available to investors in Turkish real estate.

4 - There is a growing demand for real estate rental in Turkey, especially in major or touristic cities as this provides a great opportunity for investors to generate income from rent.

5- The cost of living in Turkey is relatively low compared to other Western European countries and this makes it an attractive destination for retirees and those looking to relocate permanently.

 

 

Advantages of investing in apartment complexes in Turkey

According to what the official authorities announced, there is a great demand for buying apartments in residential complexes in Turkey, due to its high investment importance, the most important of which are:

- One of the main advantages of investing in residential complexes in Turkey is the high rental returns that can be achieved. The rental returns of apartments in Turkey are among the highest compared to other global real estate markets. For example, the average rental return of apartments in downtown Istanbul ranges from 5 % to 7%.

- Another advantage of investing in residential complexes in Turkey is the possibility of a continuous rise. The value of real estate has been on the rise in Turkey for many years, and this trend seems to continue as more people look to invest in Turkish real estate and this is especially true for properties located in prime central locations such as Istanbul and Ankara.

- The third advantage of investing in residential complexes in Turkey is the location. Turkey is centrally located between Europe and Asia, which makes it a major destination for tourism and investment. In addition, Turkey has a large and growing economy, which attracts more foreign investors every year.

 

What is the importance of investing in villas in Turkey?

Many investors and foreigners choose to buy villas in Turkey for investment due to its unlimited advantages, the most important of which are:

- The Turkish economy has experienced rapid growth in recent years and is now ranked 17th in the world and this growth is expected to continue, making Turkey an attractive investment destination.

- Despite the rapid economic growth, the Turkish real estate market is still undervalued as this provides investors with an opportunity to purchase a property at a discount and enjoy capital appreciation in the future.

- Turkey is a popular holiday destination, especially for Europeans and the number of tourists visiting Turkey has increased significantly in recent years, and this trend is expected to continue as this increased demand for holiday homes has led to higher prices for villas in popular tourist areas such as Istanbul, Antalya and Bodrum.

Villas are increasing in value at a faster rate than apartments due to their larger size, private outdoor space, and higher rental returns, making them a more profitable investment option.

 

Advantages of investing in hotel apartments in Turkey

There are several reasons why you should invest in hotel apartments in Turkey. Learn about them as follows:

- If you choose to rent out your apartment when it is not in use, you can earn regular income from it and this is a great way to offset the cost of your investment and earn some extra money.

- The demand for hotel apartments in Turkey is increasing, especially in the tourist areas and this means that they tend to rise at a faster rate than other types of property and this gives you the possibility of strong capital growth in the long term.

- A hotel apartment can also be a great lifestyle investment and you can use it as a vacation home or a place to stay when you visit Turkey and when you are not using it, you can make an income by renting it to tourists.

- When you invest in a hotel apartment, you don't have to worry about managing the property yourself because most hotel apartments are managed by professional companies that take care of everything for you - from marketing and renting the property to its maintenance and handling.

 

The importance of investing in studio apartments in Turkey

More and more people are looking to invest in studio apartments that can be rented out to tourists. Turkey has become one of the most popular tourist destinations in recent years. So, what are the advantages of investing in studio apartments in Turkey?

There is a huge demand for studio apartments that can be rented to tourists and since Turkey is one of the most popular tourist destinations in recent years, investing in studio apartments is a great way to earn a good return on investment.

Studio apartments in Turkey are relatively cheap to buy when compared to other properties such as homes or villas and this makes them an ideal investment for those on a budget.

Studio apartments are small, so it is very easy to maintain and manage. This is especially important if you live abroad and cannot be on site all the time.

 

Ingredients for the success of a real estate investment project in Turkey

In order to obtain a profitable and successful real estate investment, it is necessary to have a well-thought-out and organized scheme that you are following in order to reach the results you hope for. Although the real estate investment project in Turkey is completely safe, there are some details that must be set Take into account, the most important of which are:

- The success of real estate investment in Turkey is first and foremost related to the location of the property and therefore it is essential that you take this criterion into consideration when choosing your property in the future. In fact, it will not only be the resale value, but will also determine the rental return and therefore we advise you to take a closer look at the areas currently undergoing strong improvement such as Beyoglu, Kadikoy or Sisli in Istanbul.

It is clear that the second element to consider for the success of your real estate investment in Turkey is the type of property that you want to acquire. Depending on your project and your goals, if you want to invest in holiday rentals, we advise you to choose an apartment that is located close to the tourist sites and well served by public transportation. On the other hand, if you are looking for a long-term rental investment, we recommend that you focus on densely populated areas like Taksim.

- It is important to remember that the cost of real estate in Turkey varies with many factors, such as location, type of property, etc. Therefore, when choosing a property, it is important to consider your budget and investment objectives.

- When it comes to real estate, there are many different types of properties in the market, from apartments and villas to office buildings and shopping malls and it is important to choose the type of product required in the location of your choice that meets the needs, market and population density.

 

Forms of real estate investment in Turkey

There are different types of real estate investments in Turkey. These include:

- You can buy and rent property to generate income and this is a popular option for investors who do not want to be involved in the day-to-day management of their investments.

- You can invest in developing new real estate projects and this is a riskier investment, but it can provide higher returns if the project is successful.

- There is an idea that is popular in the real estate market in Turkey in light of the current period, which is to buy real estate at an appropriate price, wait for a period of time until prices rise significantly, and then sell it again to take advantage of the price difference that will result between the buying and selling stages.

 

The future of the real estate sector in Turkey

The Turkish real estate sector has been one of the most attractive and profitable investment opportunities in recent years and due to its geographical location, Turkey is a natural bridge between East and West and in addition to this, the country has a rapidly growing economy and a young population.

The Turkish government has taken several measures to encourage foreign investment in the real estate sector. These measures include granting citizenship to foreigners who invest more than $400,000 in Turkish real estate, granting residence permits and offering tax incentives to foreigners who buy real estate in Turkey.

The future of the Turkish real estate sector looks bright and the demand for residential and commercial real estate is expected to continue to grow in the coming years, driven by population growth, economic development and increased foreign investment.

 

The most important cities suitable for real estate investment in Turkey

For a profitable real estate investment, we talked about the necessity of choosing the right location, and therefore it is first important to choose the right city for that, the most important of which are:

1 - Real estate investment in Istanbul

Here are some of the advantages of real estate investment in Istanbul:

Istanbul is one of the most populous cities in Turkey with a population of over 15 million people and this provides a large potential customer base for companies.

The city has a young population, more than 50% of the population is under 30 years old and this provides a business ready workforce.

Istanbul has a strategic location, being at the crossroads of Europe and Asia and this makes it an ideal location for companies that want to trade with both markets.

The city has a growing economy, with an average GDP growth of 5% annually over the past decade and this makes Istanbul an attractive destination for investors.

 

2 - Real estate investment in Antalya

If you are looking for a city with a rapidly developing real estate market, Antalya is the perfect place for you.

The city has experienced a construction boom in recent years, with new residential and commercial buildings popping up everywhere.

Investing in real estate in Antalya has many advantages, including:

- The city is located in a beautiful location, with the Mediterranean on one side and the Taurus Mountains on the other making it a popular tourist destination, and this is good news for investors looking to rent out their property.

- The climate is mild and sunny all year round, which makes Antalya an attractive place to live and visit.

- The real estate market is still relatively undeveloped, so there is plenty of room for growth. Prices are currently very reasonable, but are expected to rise in the future with increased demand.

- Antalya is an excellent choice for anyone considering investing in Turkish real estate. Thanks to its beautiful location, great weather and growing economy, the city offers investors a lot of profit potential.

 

3 - Real estate investment in Trabzon

  1. Trabzon is a city with high potential for real estate investment.
  2. The city has a beautiful natural atmosphere and a mild climate, which makes it an ideal place to live.
  3. Trabzon has a fast growing economy, with many new companies and industries relocating to the city and this provides opportunities for investors to earn money from developing commercial real estate.
  4. There is a large area of ​​uninhabited land in Trabzon, which makes it easy to find sites for new developments.
  5. The cost of living in Trabzon is relatively low, which makes it an affordable place to invest in real estate.

 

4 - Real estate investment in Bursa

Bursa is one of the most important industrial cities in Turkey and a major center for trade and tourism. The city has a population of more than 2 million.

The real estate market in Bursa is very active, there are many new construction projects underway, and real estate prices are clearly rising.

As an investor, you can take advantage of the growing real estate market in Bursa by investing in real estate. Here are some of the advantages of investing in real estate in Bursa:

- Bursa has a stable economic environment conducive to investments and the city's economy is diversified and does not depend on one sector and this makes it less vulnerable to economic fluctuations

- The population of Bursa is increasing rapidly, which leads to an increase in the demand for housing and this makes investing in real estate a good option for long-term investment.

 

If you are wondering about the appropriateness of the current time to invest in real estate in Turkey, do not hesitate to make the decision now and invest in it. There are plenty of options in front of you, many opportunities and guarantees for sure, and with us you will receive a lot of help and support until you reach profits and excellent returns.

 

Related articles :
The guide of real estate investment in Turkey 2022
Latest updates on Turkish citizenship and real estate residence
Luxury apartments for sale in Istanbul
How to obtain a Turkish passport?
The journey of looking for apartments for sale in Istanbul
Houses for sale in Turkey in installments
Villas for sale in Istanbul
Best offers for apartments for sale in Turkey 2022
How to obtain Turkish citizenship by real estate investment?
Steps to buying an apartment in Istanbul
Tourist Residency and Real Estate Residency in Turkey
The best real estate investment areas in Istanbul
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#Istanbul_apartments    #real_estate_investment

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