There are so many potential benefits to investing in properties in Turkey. The country has one of the best economies in Europe. Also, since 2013, the government have implemented a favourable investment policy to enable foreigners to invest in real estate without much restriction.
If you are keen on making money in the real estate market of Istanbul, you will need to know the criteria for selling property in Istanbul. With so many foreigners turning up to the city to invest or look for rental properties, there is a huge potential to make a lot of money in the sector. However, making money in the sector could need a lot of patience and tactics, all the same, it is still a vibrant place to invest in.
4 secrets to making high profits in real estate in Istanbul
Location, location, location
Try to invest in the best locations. You do not necessarily need the most expensive areas. Look for growing and developing locations in Istanbul like reaching out to us at Maximos Real Estate Agency for the best upcoming/cheap real estate locations in Istanbul.
There are a lot of affordable and emerging real estate locations in Istanbul. The city has a lot of natural attractions that encourage developers to build properties and attract investors or homeowners.
One of the best criteria for selling property in Istanbul is in investing in a food location. While it may be obvious to buy from established locations, smart investors know how to gamble. They buy cheaply from unknown locations and sell the properties at a higher price when that location becomes very popular and increases in value.
Use realisable construction contractors and experienced marketing companies
If you are looking to buy and sell properties in Istanbul, you should buy from reputable developers. Buying from verified and experienced construction firms/developers is one way to ensure that you are investing in a standard property that meets the quality requirements of the city.
Buy from developers who regularly perform market research to understand the most profitable and hottest properties. A knowledgeable developer knows how to develop a property that will seem desirable to potential tenants and homeowners.
Also, partner with a top-notch marketing firm to help create effective property sales and purchase campaigns.
Buy the right property space
It is always good to go smaller when investing in real estate in Istanbul. You need to buy affordable medium and small properties. They allow you to invest with minimal and affordable prices. You can easily sell off small spaces and medium spaces compared to large spaces. You just have to understand the criteria for selling property in Istanbul, Antalya, Ankara, and many other locations.
Most private investors actually start small when investing. The big investors are usually corporate entities and organisations. There are so many properties like apartments, condominiums, villas, detached houses, lands, farms, and so on. Knowing what each of these properties means to the market
Choose a strategic location
One of the criteria for selling property in Istanbul is to choose a strategic location. By strategic, you need to choose an area that is close to transportation infrastructure.
In Turkey, common transportation systems for the public include the Metrobus, the tramway, and the metro. These and other public services determine the value of property in an area, especially in large cities that are crowded.
Properties that are proximate to transportation facilities attract higher prices in comparison to those that don’t. Also, you should consider choosing a property that is located around a shopping mall, city centre, airports, supermarket, entertainment centres, schools, and so on. A strategic location plays a huge role in determining your property sales price.