5 steps to choose real estate for investment in Turkey
Investing in real estate in Turkey continues to attract the attention of investors who see it as a way to preserve and increase their financial assets. However, in order to achieve the desired result from investments, it is necessary to choose the right real estate object. Let's consider the top 5 steps necessary when choosing real estate in Turkey
The real estate market in Turkey over the past decade has earned a reputation as one of the best investment destinations. Buying real estate here is becoming increasingly popular among international investors. Owning real estate is an opportunity not only to live comfortably, but also to receive a profitable income from rent or resale.
However, in order to achieve the desired result from the investment, it is necessary to choose the right object. Therefore, before investing in real estate, it is recommended to conduct a thorough market analysis, which will help investors to plan a successful investment project.
How to choose the right real estate in Turkey and what you need to consider when investing - learn more in the article.
1. real estate market research
The Turkish real estate market is a vast and multifunctional area of investment.
Researching the real estate market in Turkey should begin with understanding the legal framework for investment and the procedures for buying and selling real estate in the country.
This includes learning about the laws governing real estate transactions and familiarizing yourself with property procedures.
When researching different types of real estate in Turkey, such as apartments, villas, duplexes, and townhouses, investors should consider the specific characteristics of each type and their appeal to potential buyers or tenants.
For example, apartments in the city center may be more sought after for short-term rentals by tourists, while beachfront villas may attract investors looking for long-term vacation or rental investments.
When deciding on their investment strategies in the Turkish real estate market, investors should also consider factors that may affect the value of real estate in the future.
Read our previous article on what factors affect the value of real estate.
2. Budget and investment strategy
Having studied the Turkish real estate market, investors should start to develop an investment strategy of budgeting and duration of profit taking.
When determining a budget it is important to consider not only the value of the property itself, but also all the costs associated with it. This includes taxes, maintenance costs and other possible expenses.
It is also important to consider the financial capacity to manage the investment in the long or short term.
3. Identifying the best city in Turkey for real estate investment
Before deciding to buy real estate, you need to decide on the region.
The choice of location depends on your investment goals and budget. Some people prefer quiet green areas away from tourist spots, others are looking for apartments for rent in the city center or near the beach.
In Turkey, the most promising properties are located in major cities and popular resorts.
Most foreign investors most often choose apartments in resort towns such as Antalya, where new residential complexes are actively being built. The purchase of real estate here is always in demand and brings good income to the owner.
4. Determining the most suitable neighborhood in the city
To assess the investment attractiveness of the object, you need to pay attention to its location and features.
The most popular place is always the city center. It usually attracts a large number of tourists, which creates a high demand for rental properties and can provide a stable income for the owners.
In addition, it is important to consider the remoteness of the object from beaches, stores, airport, medical and educational institutions, as this directly affects the level of comfort of living, the price of real estate and makes the area more attractive to potential residents or tenants.
Transport accessibility, good environmental conditions and a high level of safety also play an important role when choosing an area to live or invest in.
Developed infrastructure, proximity to the beach, fully ready for living apartments - the main factors for preserving and multiplying the capital after the purchase.
5. Internal infrastructure, area and layout
It is important to assess the condition of the building, to make sure it is safe and secure. This includes checking the quality of materials used in construction and engineering systems.
Attention should also be paid to the seismic stability of the building, especially in regions with high seismic activity.
Sound and waterproofing are also important. Good soundproofing ensures comfortable living, especially in urban environments. Waterproofing, in turn, protects against moisture and water, preventing possible leakage problems.
Residential complexes in Turkey usually offer a variety of sizes and layouts, ranging from studios and studio apartments to multi-room apartments and penthouses. Therefore, it is possible to choose apartments depending on the number of family members and preferences in space allocation.
In addition, it is important to consider factors such as the distribution of rooms within the apartment, the presence of a balcony or terrace, and the view from the windows.
A convenient and functional layout will help maximize the use of space and create a comfortable environment for you and your family.
Which properties are worth investing in?
Turkey offers a wide range of properties, including small studio apartments and luxury villas. Apartments located in coastal areas are particularly popular with investors.
One attractive investment destination is business class apartments in Antalya.
As a major tourist center, the city offers developed infrastructure and numerous attractions, providing the potential for rental yields and growth in property values.
Favorable offers of apartments in the heart of Antalya:
- Business class complex on the main tourist street of the city.
- Apartments 2+1, view penthouses, area from 72 m².
- Cost from 130 000 €.
- Located just 3 minutes from the beaches and historical sights.
- Estimated payback on daily rentals - 9.8% per annum.
- Business class apartments starting from 53 m².
- Modern design: 1 bedroom, living room with kitchen, bathroom with toilet.
- Duplex 3+1 from 130 m².
- Investment from 145 000 €.
- Located in close proximity to the Mediterranean Sea and major attractions
- Estimated return on investment for daily rentals - 9.8% per annum.
- Comfort class apartments in the historical center of Antalya.
- The layout is 2+1 with balconies, 20 apartments in total.
- Area 72 m², price from 170 000 €.
- Unique location: just 3 minutes from the Mediterranean Sea.
- Estimated return on investment for daily rentals - 9.8% per annum.
Bali is also an attractive real estate market, where you can get a high return on investment.
Most investors prefer to buy in Bali premium-class apartments that are located in apart-hotels.
A profitable option for investment is:
- 5* business class apartments with unique infrastructure
- on the main street of the most fashionable location of Bali, Changgu - Batu Bolong.
- 7 minutes from the Indian Ocean, beach and surfspot.
- 5 variants of apartments, from 40 m², from 139 000 $
The complex includes 113 apartments with modern renovation, furniture and appliances, as well as combines all possible services - Jungle roof-top (jungle park on the roof), tropical infinity pool overlooking the ocean, restaurant and cafe, underground parking with your own bike as a gift, kvorking, personal transfer by golf cart, children's area with babysitter, surf school, beauty and SPA salon, smart gym and event hall on the roof.
All these projects are developed by the reliable international developer Antagroup, guaranteeing high quality construction.
You can find more offers, current prices and competent advice on purchasing real estate from the developer AntaGroup by clicking here.
Daria Rogova - Head of Insurance at Visit World
To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.
Products from Visit World for a comfortable trip:
Checklist for obtaining a visa and necessary documents in Turkey;
Legal advice on immigration in Turkey;
Insurance for residence permit in Turkey.
More articles on the topic:
Real estate in Turkey - is it still an attractive investment destination in 2024?
Tourist real estate: prospects and opportunities for investors.
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