Turkish real estate market..endless options
Recently, the real estate market in Turkey has gained a lot of fame because of what is characterized by it containing unlimited options that suit everyone. According to official sources, in recent years the percentage of sales has increased significantly, and this is certainly the result of the many benefits and privileges that can be obtained.
Check out with us, through this article, the most important options that the real estate market in Turkey offers to buyers, investors, and others.
The most important types of real estate in Turkey .. What do you know about it?
If you intend to own real estate in Turkey, you should learn about the available and appropriate options for real estate investment, and this is what we will talk about briefly through the following paragraphs:
1 - Residential real estate in Turkey:
Turkey has become one of the most attractive countries in the world to buy residential real estate, especially for foreigners. Here are some of the advantages of buying residential real estate in Turkey:
- Real estate is relatively affordable compared to other European countries.
- The Turkish economy is growing rapidly, which means that property values are likely to rise in the future.
- Turkey offers a variety of properties to choose from, ranging from small apartments to luxury villas.
- The country has a strong tourism industry, which means that there is a huge demand for rental properties.
2- Commercial real estate in Turkey:
Turkey has become one of the most attractive countries for commercial real estate investments in recent years. The state offers a number of advantages to investors, including a stable political environment, a growing economy, and a strategic location. Here are some of the advantages of investing in this type of real estate:
Turkey has a stable political environment, which is an important factor to consider when making any kind of investment. The country has been ruled by the same party for more than 15 years, and there have been no major political upheavals during that period. This stability provides investors with the security they need to feel confident about Investing in Turkey.
Turkey has a growing economy, with an average GDP growth of around 7% annually over the past decade and this economic growth is expected to continue in the coming years, making Turkey an attractive destination for investment in commercial real estate.
3 - Tourist real estate in Turkey:
Here are some of the main reasons why you should consider buying a tourist property in Turkey:
- The Turkish economy is growing rapidly, providing a great opportunity to invest in real estate and get high rental returns.
- The government offers various incentives to foreign investors, such as the Citizenship by Investment Program.
- There is a huge demand for rental properties from both domestic and international tourists.
- Turkey has a diverse landscape, from sandy beaches and sunny climates to mountains and ski resorts.
4- Industrial real estate in Turkey:
Turkey is one of the most promising countries in the world in the field of industrial real estate investment. The distinguished location of the country, the large local market and the skilled workforce are the main reasons why investors are interested in Turkey. In addition, The Turkish government offers a number of incentives to companies that invest in industrial real estate.
If you are considering investing in industrial real estate in Turkey, here are some of the main advantages you should keep in mind:
- Turkey is located between Europe and Asia, making it an ideal location for companies that want to serve both markets. In addition, the country has a number of ports and airports that facilitate the import and export of goods.
- Turkey has a population of more than 80 million people, making it one of the largest markets in Europe. In addition, the country's economy is growing rapidly, which means that there is a growing demand for goods and services.
- Turkey has a large pool of skilled workers who can be employed at relatively low wages.
5- Agricultural real estate in Turkey:
The agricultural sector in Turkey is considered one of the most advanced and promising sectors in the country.
- Agricultural real estate in Turkey provides a great opportunity for investors who seek high returns on their investments.
- Agricultural land in Turkey is relatively cheaper than other European countries and offers great potential for its appreciation.
- The climate in Turkey is suitable for a variety of crops and livestock, making it an ideal location for agricultural investment.
- There is a strong demand for agricultural products from Turkey, both domestically and internationally.
Buying real estate in Turkey in installments or in cash?
The most important thing to know when buying a property in Turkey is that you can buy real estate with cash and you can also buy real estate through the installment plan offered by some construction companies.
If you are planning to buy a property for cash, it is important that your finances are in order before you start looking for a property. You will need to have the full purchase price available to bid on a property. If you are planning to finance your purchase with a mortgage, it is important to compare different mortgage products and choose the one that offers the best terms and conditions and it is also important to have a down payment of at least 30% of the purchase price ready before making an offer on the property.
Real estate in Turkey under construction or ready to move in?
You can buy an off plan property, which is currently under construction, or a ready to move in property and the main difference between the two is that with off plan purchase, you won't be able to move into your property right away and with a ready to move in purchase, you can move in once the sale is complete.
If you are planning to purchase off-plan property, it is important to remember that the completion date of the development may be subject to delay.
Contact our real estate consultant now and get a list of the most important offers available to us that are suitable for your goals, and get a list of the most important advice and important tips you need to make the right choice.
