Success factors for real estate investment in Turkey
The success factors of real estate investment in Turkey are among the topics of curiosity and interest for many foreign investors wishing to enter the field of Turkish real estate investments, as the real estate sector has witnessed great growth and development in recent years, until it has become a mainstay of the Turkish economy.
Types of real estate investments in Turkey
Before talking about the factors for the success of real estate investment in Turkey, we must clarify the most important options and types of real estate investment in Turkey, which are as follows:
- The option to buy a property within a project under construction in a strategic location, and then resell it after the project is finished at a high price to achieve a higher profit.
- Buying apartments for sale in Istanbul, especially those overlooking the sea.
- Buying land for sale in Turkey within strategic locations that can be converted into residential complexes, and then sold at a higher price.
- Real estate development by owning and developing an old property, and then selling it at a high price.
- Buying a fully-ready apartment within a project, then renting it and getting a fixed monthly return.
Success factors for real estate investment in Turkey
The most important factors for the success of real estate investment in Turkey are as follows:
Many experts indicate that investing in real estate is one of the best investments in Turkey, and in Istanbul in particular, due to the renaissance and great development witnessed by the real estate market in Turkey
In general, investing in real estate is one of the most important pioneering investments, as it is safe and stable, and is linked to the constant need of people, because housing is always required and inexhaustible, and here real estate prices rise, which leads to an increase in profit over time.
Many of the past statistics confirmed that the number of properties that were sold in Istanbul during the past year amounted to about 4,321 properties, and this is what made Turkey ranked among the best countries in owning real estate, as well as Istanbul ranked ninth among the most visited countries in the world by tourists.
During the past years, Istanbul as a tourist city has outperformed the rest of the world, such as Barcelona, Rome, Los Angeles, and Berlin. It is also one of the largest cities that witness the sale of real estate, and the best in terms of real estate investment.
The advantages of real estate investment in Turkey
The investor aims from investing to achieve high profits on the invested capital, and the closest way to that is real estate, which is one of the most profitable and successful investment methods, and here we show you the advantages of investing in this field as follows:
- Ensuring the achievement of a large financial return on a stable and guaranteed basis.
- Achieving a significant increase in the capital entering the investment, and increasing the value of real estate in the distant future, which means that the value of real estate increases over time, and thus the capital increases.
- Real estate investment is considered one of the best long-term investments, as it is considered as a strong and guaranteed additional income that guarantees you your life and guarantees you the future of your family in the event you retire from your job.
- Permanent and continuous increase in demand on the real estate rental market, whether the property is new or old, which will bring you constant and additional income.
- Guarantee of gaining the opportunity to obtain Turkish citizenship, by owning a property worth 250 thousand US dollars, and this is the best advantage that motivates you to invest in real estate, after the Turkish government decided that every investor who buys a property in Turkey has the right to apply for citizenship with his family.
And there you will have learned about the most important factors for the success of real estate investment in Turkey, so the opportunity is in your hands, do not miss it.