In recent years, Turkey’s real estate sector has become one of the most developed real estate markets in the world, with Istanbul becoming more developed and real estate projects in it constantly expanding, and the development wheel in Turkey is moving very quickly and in strides. Fixed Wherever you wonder Istanbul or other Turkish cities, you will inevitably be impressed by the unique style of its buildings, which blends the history of the past with the evolution of the present with the combination of the beauty of nature that God has distinguished this wonderful country with.
What distinguishes Turkey?
- In Turkey the real estate market is racing its counterpart from the European and Arab markets, but it has become the best choice for investors and those wishing to settle in Turkey due to its characterization Turkey has a strategic location connecting the continents of the world, and for the amazing beauty of Istanbul and all of Turkey
- Turkey also distinguishes it from combining European cultural development while preserving the values and principles of Islamic religion and general customs.
- Turkey is the preferred destination for families looking for stability and raising their children in an advanced developed country while preserving the cultural or moral problems that some residents of Europe may experience
What are the reasons for the high value of real estate in Turkey?
The value of real estate investments in Turkey increases periodically for the following reasons:
- Turkish state permanently improves infrastructure.
- Transformations and growth in general in the Turkish economy.
- Increase cash flows from real estate. Property in Turkey
- Impact of large demand in Turkish real estate market.
- Announcement of new renovations and benefits.
What are the reasons why the property may be decreased in Turkey?
What is meant here is the reasons that if they occur in any property in any country they may lead to a decrease in its value and we will mention the most prominent reasons in brief and clear points as follows:
- Forced sale of the property
- Lack of maintenance and ongoing renovations of the property
- Demand and supply conditions in the real estate market
- Change government’s real estate investment laws
- The reverse impact of deteriorating infrastructure and social services
What types of real estate investment in Turkey?
Real estate investment in Turkey is divided into two parts
- Residential real estate investment real estate investment in Turkey
- Commercial real estate investment
What is residential real estate investment?
Is to invest in real estate that is used for residential purposes only.
What is commercial real estate investment?
Is to invest in properties that do not include housing by a family such as investment in (offices, shops, industrial properties, retail properties, hotels and student housing).)
A comparison between residential real estate investment and commercial real estate investment in terms of pros and cons?
1- The advantages and pros of commercial real estate investment in Turkey
- Monthly income and investment returns from real estate are relatively high.
- The owner of the property does not have to deal with expenses related to the repair and maintenance of the property or its development because often it is the tenant authorized to deal with the property in a way that suits his work and the purpose of renting it.
- Tenants have money well because they’re commercial, so you won’t have a problem paying them for rent on a regular basis.
Disadvantages and disadvantages of commercial real estate investment in Turkey
- The difficulty of finding tenants is sometimes a drawback of this type of real estate investment.
- Influenced by general economic conditions, which may sometimes make the investment property rent-free.
- It can also be a little difficult to sell property because the demand for commercial real estate as buying or owning is not as heavy as investing in residential real estate.
2- Advantages of residential real estate investment in Turkey
- Easy to find a tenant.
- The place won’t be empty at any time, whether there are difficult economic conditions or not.
- Easy sale of residential properties, especially if they are in a privileged area.
Negative housing real estate investment in Turkey
- You will have to deal directly with tenants and find solutions to their problems yourself, but this problem has been solved with our company commitment real estate to establish the department of real estate management in Turkey
- You may have problems like not paying rent on a regular basis.
Where is the best place to own a property in Turkey?
According to the desire and need of each person varies the preferred place for investment, in terms of the beauty of nature picturesque most Turkish cities are touristy and have spectacular views par excellence, as some Turkish cities are characterized by some industries or agriculture and some cities are characterized by their views on the coast of a sea such as the Black Sea or the Mediterranean Sea.
Istanbul in particular is the preferred destination for most Arab investors because of its huge commercial and tourism activity, followed by owning a property in Antalya, Bursa or Yalova.
Real estate prices in Turkey?
The price of the property varies from location to location in Turkey, as there are several factors such as the area of the property, the date of its construction, its location and the public services nearby. Is the property still in construction or ready for housing? All these factors contribute to determining the price of the property.
If the property is still under construction, the price is slightly low, leaving a good profit margin in the future for those wishing to own a commercial real estate investment.
For us at Iltizam Real Estate Company in Istanbul, our prices are divided into three sections by region as follows.:
- Besiktas, Sisli, Atashehir.
These areas, which are preferred by the elite of Turkish society and can be called the center of the city and are among the archaeological sites in Istanbul as well as overlooking the Bosphorus Strait and near the area of Fatih and Sultan Ahmed and Taksim area and Ayoub area and these areas are very crowded with buildings and there is rare land suitable for construction and thus the establishment of new projects in it is not available in a small percentage.
Prices in this area start at $3,000, 000 to $6,000, 000 per meter.. - BashakSehir, , Mahmoud Bey, Bahcelievler.
These areas are preferred by the majority of Turks as well as preferred by foreigners who are considering investing in Istanbul because prices are medium and can be purchased in installments from private or government projects.
Prices in this area start at $800 to $1,300.. - Beylikdozu, Essenyurt, Arnavutkoy, Avcilar
Real estate prices in these areas start at $400 to $700 per meter, noting that some properties overlooking the lakes scattered in this area are higher..
To consult and obtain investment real estate offers, you can contact one of our contact advisors or WhatsApp after clicking on the following number: 00905444333589
- What are the reasons for the high value of real estate in Turkey?
The value of real estate investments in Turkey increases periodically for the following reasons:
Turkish state permanently improves infrastructure.
Transformations and growth in general in the Turkish economy.
Increased cash flows from real estate.
Impact of large demand in Turkish real estate market.
Announcement of new renovations and benefits.
- What is residential real estate investment?
Residential real estate investment is investment in real estate used for residential purposes only.
- Where is the best place to own a property in Turkey?
Istanbul in particular, where it is considered the preferred destination of most Arab investors because of its huge commercial and tourism activity followed by investment in Antalya, Bursa or Yalova.