How to make profits from real estate investment in Istanbul
There is no doubt that investment is one of the most important factors affecting the economies of countries and is the main source that enables individuals to achieve financial wealth and huge profits.
Investment is every action the investor uses in order to achieve profits in the short or long term and increase financial wealth through the correct investment of these funds. It includes direct and indirect investment and real estate investment.
Real estate investment, which is one of the most popular investment fields, is based on the necessary needs of citizens, which is to obtain housing for living and stability. It is also a stable capital for the investor, who can increase and reap a profit over time.It includes the purchase of real estate of all kinds, whether it is lands - houses - apartments - shops - residential buildings and other real estate terms.
Why invest in real estate in Istanbul
Real estate investment in Turkey in general and in Istanbul in particular is considered one of the strongest and most successful investments that foreigners and Arabs go to as Turkey has a very attractive real estate market. Its strategic location between East and West and overlooking the most important seas of the world made it a destination for foreigners and investors to buy real estate and carry out profitable projects on Turkish lands, especially real estate investment in Istanbul.
Ways to make profits from real estate investment
It is the most important question for every investor who wants to invest in real estate in Istanbul. The real estate market in Istanbul is one of the best and most active real estate markets in the country in terms of buying and selling, whether it is in real estate commercial transactions between internal citizens or real estate commercial transactions between foreigners and Turkish citizens.
Real estate investment in Istanbul is one of the most successful types of investments due to the high demand for its real estate sector, where real estate investments in Istanbul are characterized by a return that is considered the most profitable in a very fast time.
To achieve the ideal profit from real estate investment in Istanbul, there are two main points
property price
Type of real estate project
A set of important things must be taken into account in order to draw up a general budget for the private investment project
First, the location and the distinctive view of the property, the proximity and distance from the main street, the availability of a modern transportation network, the infrastructure and development services in the area, the area of ??the property and the gardens surrounding the property, the price of city center apartments differs from the price of apartments in the countryside.
All of the above matters through which you, as an investor or a decision maker, can determine the appropriate price for the property you want to buy.
Types of real estate investment in Istanbul...
Before choosing the type of real estate investment, the investor wishing to invest in real estate and build his own investment project must study the objectives of this project and set the budget (capital) he owns and the financial profit he wants to achieve, and then take the appropriate decision in choosing the appropriate property for his profitable project
Real estate investment in Istanbul is diverse and varied, so the investor can ...
Buy real estate land and then construct his own project on it (building a residential apartment - building a private commercial property - building a residential complex).
Buying real estate for business (Leasing shops - investing private shops within overcrowded areas - commercial offices that guarantee long-term profit because the tenant does not prefer to leave these offices after his clients know the location of this office and deal with them)
Building and renting villas to wealthy foreign tourists or tourism companies in Istanbul
Building private apartments for rent (studio apartments) Istanbul is one of the tourist cities in Turkey, which makes it a destination for all tourists from all over the world. This makes the quality of this type of real estate investment in Istanbul the best and most desirable for all local and foreign investors.
Buying an old property in an active area, renovating and restoring it, doing some new architectural designs, and then selling it at a double price from the purchase process.
Buying a property in the construction phase (under construction), then completing the construction process and then selling it.
Any type of real estate investment in Istanbul, whether it is a residential real estate investment or a commercial investment, the investor can sell the property and obtain the capital of the investment project in addition to a good profit return.
The risks of real estate investment in Istanbul...
No investment can be free of risks and defects despite the many advantages that real estate investment in Istanbul enjoys, but these risks must be taken into account by every investor, whether internal or foreign...
One of the drawbacks is the fear that new investors get when making their first purchase.
A decrease in the real estate price as a result of supply and demand affecting the real estate market.
Loss in the value of real estate as a result of fluctuations in the exchange rates of the Turkish currency.
Loss in the value of the property, in the event that a property is purchased at a price higher than its real price.
A change in the specifications of the property, as it does not conform to its specifications on the ground, and here we advise to inspect the property before buying it.
There are many real estate fraud methods in Istanbul when buying a property, such as that the property is not fulfilling the conditions for submitting an application for Turkish citizenship.
The property may be seized or mortgaged.
The seller impersonating the property owner and other methods of real estate fraud...
As for ensuring that you do not fall victim to real estate fraud in Istanbul. It is preferable to buy real estate through reliable, well-known and reputable real estate companies.
Suitable properties for real estate investment in Istanbul:
Surely you know that the real estate market in Istanbul is full of diverse and important options, each of which must be viewed before choosing. Here are the most important types of real estate suitable for investment in that city:
1 - Hotel apartments:
Hotel apartments in Istanbul have a vital role in real estate investment in the city. Apartments in hotels differ from other properties. They are generally rented out for a short period and used as hotel rooms.
These rooms are used and rented by hotel owners to tourists who come to visit Istanbul. Hotel owners who want to buy a hotel apartment in Istanbul need to consider some factors before making their decision.
The main one is the location of the hotel. Where it is necessary to check if the hotel is in a good location with easy access to public transport and other means of transport. Besides, the view from the room must also be considered.
2- Residential complexes:
Istanbul is a city that is witnessing an increasing demand for residential complexes in recent years, due to the great development that the city is witnessing, as it is considered one of the most important tourist destinations in Turkey, and also because of the increasing number of foreign investors interested in real estate investment in Istanbul.
There are many reasons why investing in a residential complex in Istanbul is a good idea. One of the most important is that these complexes offer a very high return on investment. In addition, they provide investors with a safe investment, as well as a stable income that can be obtained on a monthly basis.
3- Studio apartments:
There are many reasons why investing in studio apartments in Istanbul is a good idea. Here are some of them:
-Istanbul is a city with a lot of potential.
-The city has a young population.
-The city is home to many expats.
-Studio apartments are affordable housing options.
In the context of talking about real estate investment in Istanbul, we must point out an important thing, which is that most economic experts confirm that real estate prices in Turkey in general and Istanbul in particular are increasing as a result of inflation and the growth of the real estate market in Turkey and other economic factors.
Related articles:
Cheap apartments for sale in Turkey
Real estate investment guide in Istanbul
Conditions for obtaining Turkish citizenship
Types of Turkish passport and its features
Benefits of buying a property in Turkey
How to obtain real estate residence in Turkey?
