Turkey is a bridge country between East and West, characterized by a rich cultural heritage and an active economy that makes it one of the most attractive real estate investment destinations in the world, however, the most frequently asked question among investors and those interested in real estate is: “Can real estate investment in Turkey continue to provide profits?”
Read on to find out more details
If you are considering real estate investment in Turkey, here are basic steps you must follow to achieve the success of your investment:
Before embarking on any investment process, you must clearly define your goals and do you want to rent out the property for rental income or are you aiming to sell it at a profit in the future?
Conduct careful research on the real estate market in Turkey and the areas in which you intend to invest and study the price trends and demand for real estate in those areas.
You can search for a local real estate agent with good experience in the Turkish market and they will have the knowledge and skills to help you choose the right property.
Visit the selected real estate website and negotiate with the seller or real estate agent about terms and prices.
It is important to conduct a professional inspection of the property to verify its technical and legal condition and this includes inspecting the structure and ensuring the necessary ownership documents and permits are in place.
Once an agreement is reached between the two parties, the purchase notice (property licence) must be obtained from the local authorities.
After obtaining the purchase notice, the purchase contract is signed between the seller and the buyer, and the buyer must pay the purchase amount and any taxes or other fees.
The real estate deed must be registered in the real estate book to guarantee your legal rights to the property.
It is preferable to arrange insurance for the property to protect it from potential risks.
If you intend to rent the property, you should start looking for tenants or use the services of property management companies.
Ensure compliance with local and international tax and financial laws applicable in Turkey.
Continue to monitor the developments of the real estate market in Turkey and continue to improve your investment strategy based on the new situations.
In conclusion, real estate investment in Turkey remains an interesting and pivotal topic for many looking for rewarding investment opportunities and despite the challenges and changes that real estate markets may witness over time, Turkey maintains its position as one of the most attractive destinations for real estate investment, obtaining Turkish citizenship, a Turkish passport, and real estate residency in Turkey.
Related articles:
Renewal of real estate residence in Turkey 2023
Cheap villas in Turkey for sale 2023
Buying real estate in Turkey in installments
Endless options within the Turkish real estate market
The fastest way to obtain Turkish citizenship
Apartments for Sale in Istanbul
Successful real estate investment in Turkey 2023
Luxury real estate for sale in Istanbul 2023
Buying real estate in European Istanbul 2023
Obtaining Turkish Citizenship Through Real Estate Investment
Real Estate Investment in Istanbul 2023
Types of Turkish passport and the characteristics of each
Feature of residential apartments in Turkey
Advantages of buying a property in Turkey with Ist Homes
Commercial lands for sale in Istanbul
#Istanbul_apartments #real_estate_investment
#Turkish_citizenship #Turkish_real_estate #Isthomes