Turkey is one of the best global destinations for tourism. About millions of people travel to the country every year to catch a glimpse of its attractive scenery and ancient ruins.
What most visitors easily notice is the fact that there is quite a great collection of accommodation facilities in the country. From 5-star hotels to private mansions, Turkey has got them all. Thanks to its ever-expanding real estate industry, the country has all types of properties for everyone.
Property investment in Turkey
In Turkey, you can find all types of proprietaries to invest in. You just need the best investment strategies. These strategies will help you enter the market with low investment costs and exit with a lot of profit. In the country, you can invest in various types of property collections such as hotels, offices, apartments, villas, shops, and many more.
The best investment strategies in the Turkish real estate industry
Investing in under-construction properties
This is a great strategy for investors with a limited budget. You can buy the property that is under construction for a low price. By the time the property is almost completed, its price may have doubled. If you choose the right property to buy under construction, you can make lots of profits in such a short time.
Buying property in instalments
You can diversify your real estate portfolio by buying your properties in instalments. Doing this gives you the leverage to buy multiple properties together. By doing this, you will be able to reap quick returns within a short time. In addition, each property can make enough returns for you to pay back the instalments that you owe.
Buying old apartments
Buying old apartments gives you a low entry point into the market. People like old Turkish apartments because they are cheap. You can then decide to renovate these apartments and live inside. Or you can also decide to sell off the apartments for a profit. Either, buying old apartments in Turkey is a great investment strategy.
Renting out properties
Renting out real estate in Turkey is very secure and profitable. It helps the owner to earn a lot of money within a short time. The amount of rent that you can earn from this investment usually increases every year. This is a great investment strategy as many visitors and tourists usually seek short-term accommodation in apartments.
Investing in residential properties
Residential properties are a great way for real estate investors to make money in the market. You can choose to construct residential houses and sell them for a profit.
Flipping houses in the Turkish real estate market
In Turkey, you can make money by simply flipping houses. This means buying incomplete, old, or damaged buildings and reselling them for profit. You will have to upgrade the houses to be able to sell them.
Investing in luxury apartments
Luxury apartments are very hot in the Turkish property market. You can choose a signature apartment with amazing architecture, interior décor, and spacious spaces. This is a potential money spinner in Turkey.
Investing in commercial real estate
This is a great strategy to make your money from investing in warehouses, stores, shops, and many more. There is a great demand for these types of properties.
Investing in facilities for tourism
Turkey is a central hub for tourism in Europe. There are lots of tourist facilities to invest in with major returns on investment.
Investing in medical centres and students accommodation
Turkey is a major destination for medical tourism and education. Property investors can choose to leverage the demand of these two markets. You can invest in the right facilities to cater to these markets. Medical professionals and students need decent accommodation to be able to cope with their research and studies respectively.