5 Tips for a Successful Real Estate Investment in Turkey

5 Tips for a Successful Real Estate Investment in Turkey

Real estate investment is one of the most important processes that take place in Turkey’s real estate, and even the most successful and best of them. Real estate investment is made in several forms, types, and distinctive forms. In order for the investment process to be successful, some advice must be taken and learning from previous experiences of previous investors who summarized their work in a useful content for investment and success in it. This type of investment is considered a center of attraction and attention in Turkey and a guarantee of success in investing in any of Turkey's real estate.

Tips to ensure the success of real estate investment in Turkey

In order for the real estate investor to ensure success by buying and selling real estate in Turkey, he must benefit from the experiences of other investors in this real estate and adhere to some of the advice given by them in order not to fall into real estate mistakes again.

Among these tips are provided by experienced investors to new investors:

1-Choose the property well

It is the first advice that any experienced real estate investor gives to a new real estate investor so that choosing the property is an important step and includes many steps, such as choosing the characteristics and features surrounding the property, and these features are arranged according to their importance to the property and these features are:

*Choosing the city that contains the property

In this process, the first choices related to real estate are made for the investor, and this choice may come to the investor’s mind and start thinking about it before he takes any step related to the purchase or investment process, and here, advice is taken about the best cities to practice real estate investment and which ones are better in terms of the features of real estate in them that benefit the investor with great interest and success, Istanbul is often chosen as a utopia to fulfill the dreams of investors and others who want to buy real estate in Turkey.

*Choosing the view of the property

It is the second important choice that the investor chooses with the advice of investors with greater experience and those who preceded him in the real estate investment process in Turkey. The view of the property is chosen based on the investor’s desire, as there are some customers who love the natural view, which is represented by real estate overlooking the natural ingredients such as rivers and water lakes and the trees scattered in the forests of Turkey, and there are some customers who prefer an artificial view, such as real estate overlooking the Bosphorus suspension bridge and the historical places surrounding it from all sides.

*Choosing the real estate area

After choosing the location of the property and its view, the third advice comes in the form of choosing the area of ??the property, which is important because of the spaciousness and psychological comfort that the large area of ??the property adds to its features. It is commensurate with the area of ??the property, adding to it better and larger features, and contributing to attracting investors to it.

*Choosing the property price

This step is done according to multiple tips, and several tips must be taken. The advice is modern and not from old years, as real estate prices in Turkey are constantly changing and all the previous features are related to the price of the property and affect the location, view, space, etc. The price varies from one location to another, and the price is always appropriate for the property and its advantages except in the case of being deceived by a certain real estate broker or due to lack of experience and advice.

*Choosing a property design

The design of the property is also no less important than the other features as it is the fourth advice in choosing a suitable property for a new investor in Turkey. The design of the property in this area is linked to the urban designs and decorations taken from historical places and famous tourist sites in Turkey.

*Choosing the infrastructure surrounding the property

The infrastructure surrounding the property located in one of the cities of Turkey has a major role in attracting investors to the property, especially after the advice given to this investor about the infrastructure in terms of service centers, education centers, entertainment centers and health centers that are located near the property, which makes it a center for attracting Turkish investors and tourists. For this reason, experienced investors recommend to buy a property in an area surrounded by service centers and strong infrastructure.

2- Choosing the type of investment that suits the property

There are many and varied options available to the real estate investor in Turkey, due to the multiplicity of ways to benefit from real estate in Turkey. There are large numbers of investors who have published their real estate experiences and explained them in several options for real estate investment in Turkey, and these options were as follows:

-Buying and selling real estate

In this process, a property is bought in Turkey and then sold after a certain period of time has passed since its purchase so that profit and success is guaranteed. Here comes the advice to mention the type of property that is suitable for this type of investment and we will mention the types of properties with their ability to be bought and sold and compare them:

*Apartments: Apartments are a type of real estate that is widely available in Turkey and is available for all investment operations without exception, such as buying, selling, leasing and mortgage.

*Houses: Houses are the least important type of real estate and are limited to residential Houses and residential investment, so their real estate capability is for buying and selling only.

*Villas: They are the most luxurious and most important types of real estate in Turkey, and their ability to sell and buy is average or little compared to other types of real estate in the region.

-Buying and renting real estate

In this process, a property is purchased in Turkey and then invested by renting it to those looking for temporary residence in this area. The rental process is the most profitable and beneficial as it gives the investor an amount paid on a monthly or annual basis according to the agreement between the two parties in the lease contract. We mention the most important types of real estate that work with investment through rent, which are:

*Villas: As we mentioned, they are the most luxurious types of real estate and are given great attention due to the great demand for them. They are rented to tourists, artists, celebrities, the rich and football players. Their rents make huge amounts of money to the investor because of their luxury and complete equipment. Villas in Turkey are divided into three sections, which are tourist villas, historical villas, and regular villas, which is spread in every city of Turkey.

3-Staying in the care of the Turkish government after every investment

That is to say, staying in the real estate business and not leaving Turkey, because it guarantees success on its land and guarantees the investor to increase profit and capital. Experienced investors always advise to practice real estate investment in Turkey on an ongoing basis and not to stop doing so in order to reach the great advantages that the government gives to investors when they continue for years in the area.

4-Paying taxes and fees on an ongoing basis

It is one of the most important tips that experienced investors give to foreign and new investors in Turkey. The process of buying and investing in real estate entails several taxes that must be paid, either at once in a lifetime or periodically, monthly or annually, thus ensuring his clearance and success in the next real estate investment.