Turkey has a very desirable and attractive property market. Due to its attractive feature, many people want to become a part of the market. But before you take the plunge, it is important to know some important tips for investment in the Turkish market.
Where to invest in Turkey?
Real estate is a great way to make a lot of profit. If you choose a hot and suitable location, you can easily make a fortune in the market. Recently, Turkish real estate prices went up by 40% – this market has the potential to generate a lot of returns and profits. For most foreigners, it is important to choose suitable property locations to invest in. This is different from the locals who may prefer some areas because of community or ethnic ties.
Istanbul for investment
One of the best locations to invest in Turkey is Istanbul – which is a highly desirable area for both foreign and local buyers. Investing in Istanbul is a great way to become a part of the prime real estate market in Turkey. The city features many top-notch construction projects with a focus on modern living arrangements. Most of these projects are designed to come with the latest architectural themes and trends. They are also developed very close to areas with quality infrastructure. In Istanbul, you can find new developments that come with a full range of facilities for living comfortably. These include shops, parks, swimming pools, gyms, and so on.
Preferred property to buy
Many people prefer to buy their apartments in residential developments and complexes. Since they are highly sought after in the city, these types of properties have a high resale potential. They can be sold easily for profit. Many of these apartments are built with various services and fixtures. They also come in areas that have highly developed infrastructure. Many real estate developers offer customers various purchase options when it comes to rental properties. They also come with monthly rental income – they can be used as a means of guaranteed income stream. Many investors choose these types of properties as a way to make money in the lucrative Turkish real estate marketplace.
The importance of real estate agents
When seeking the best property investment tips in Turkey, the role of real estate agents can never be overemphasized. These agents are very familiar with the Turkish market and can help their clients select the most viable investment options. They also help clients arrange virtual tours or direct viewings on the property concerned. Turkish real estate agents help their clients by selecting a collection of available offers in the market that suit their requirements.
Amazing locations to buy property
A lot of investors from different countries are finding quiet locations to invest their money. Turkey offers a wide range of properties such as quiet seaside penthouses, villas, or apartments to buy or rent. Apart from Istanbul, which is the most desired location to invest in, there are other amazing locations in the country. These locations include Antalya, Fethiye, and Bodrum. However, a lot of investors who seek the potential to grow their capital on a long-term basis can choose Istanbul.
The easiest citizenship to get
It is highly recommended to invest in the Turkish property market. This is because they can be affordable and profitable at the same time. These properties can make investors a lot of money either through rental income or when reselling in the future. In addition, you can also become a Turkish citizen just by investing in this property market. You can spend about $450,000 to buy a property and qualify for the citizenship of the country. The country is highly desired by numerous foreigners to become a place for their second home. You can become a citizen of Turkey within two months of purchasing the property.