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As it is quite clear, that properties are on the roof these days with increasing demand due to various reasons and especially here in Turkey. We have come up with a new blog for you to expand your horizons and think about property investment here and most importantly what kind of properties you should invest in. This is also a frequently asked question by buyers these days as they don’t have the right idea about areas here in the cities especially the main hubs Istanbul, Antalya, Ankara, and Bursa, etc.
But you don’t need to worry; as we have shortlisted some important reasons for increasing demands for property investment in Turkey and what type of properties are good for investment, depending on facts. Apart from that, you should continue reading to find out anything that is making you question your decision about property investments in Turkey so you can relate to it and figure out your own plan.
We are going to discuss different types of properties and why you should or should not invest in them. The comparison will be based on reasons for investment and also how much property appreciation you can avail from said property, there is a huge difference between residential and commercial properties which you can understand better by reading the context below and also figuring out the right investment for you. The value and the outcome depend solely on your decision so to make it right you should learn about these differences.
As the population in Turkey is increasing due to rapid marriages and ongoing migration of foreigners from other countries including refugees, there has been an immense growth in the production of properties as well. The government of Turkey is working on developing the public transport projects as well and building entrances of metro stations and bus stations near all residential areas within walking distance making transportation quite easy.
Now, this is why apartments in residential complexes or in main districts of the city are quite effective to buy as living is under safe circumstances, there are facilities for you to avail too inside your home and also be so near the metro station. Apartments are also easy to rent or resell if you want to and bring out a lot of property appreciation later on for the investor. This is quite beneficial for citizenship investments too as you are able to buy multiple apartments to fulfill the price range too.
Buyers also believe that commercial properties are worth buying in Turkey because of the rental income they can provide. Let us focus on what kind of commercial units there are first and then how each can be beneficial or not, so if we consider investing in a good commercial unit and then rent it out as a restaurant or café then we can expect a lot of investment for it. Simultaneously, it will need employees to be hired and a manager to be put in the place, and then there are bills and a lot of other expenses such as taxes. It is also not certain that if the business will run or not but of course buyers who are businessmen always try to take the risk and work it out.
If you are a businessman and investor then you can take the risk and invest in a commercial unit that can be established as a restaurant or café and then not expect it to resell later on pretty fast. Then if you take a franchise of some brand that is a clothing or accessories store then again there is a lot of investment and a risk of not getting the income in return so always focus on the cons of investing in commercial units as well and layout your plan carefully by observing the area that there is a right amount of people living there.
All the investors out there who are working from home and especially in these pandemic times, can have the opportunity to invest in a home office. These types of properties are quite popular these days especially in Turkey and vary according to different construction companies and projects.
They are based on the same categories as a normal apartment or house and sometimes have extra bathrooms and guest rooms so you can host meetings as well. They are usually located in residential complexes so you can also avail nice social facilities and meeting rooms for your work and at the same time live in a decent place.
Of course, it still depends that if you can customize it as a home cum office or not and if you are looking to resell it then it might get difficult. So you always have to keep open choices and see where the investment takes you, if you yourself will be able to live there and work at the same time then it’s a great choice.
Villas are the most luxurious and stylish properties to buy when it comes to investment in Turkey. They are always equipped with one of the best infrastructures and are located mostly near coastlines so you can enjoy a sea or island view and at the same time, they are huge having their own pools, sports areas and much more.
It’s a great choice if you invest in a villa to resell it later on or rent it out but it depends where this villa is located because if you see these villas in Istanbul such as Beylikduzu or the Asian side then you might find good appreciation or maybe if you find great luck and get a good price in Antalya it may be worth it.
Whereas these types of villas are hard to sell because they are quite expensive and renting out is also a hassle so if you want a villa as a summer home for you and your family and you wouldn’t mind waiting for it to get a good value for reselling then you should go for it, otherwise do not invest such a huge amount in a villa.
In conclusion, you can see that properties in Turkey are found in various forms, and for many reasons, you can place an investment and reap fruits in your future. But there always will be a pro or con for each type of investment and you should figure out that what is your best bet and where would you want to place your precious hard-earned income.
We have brought all this information to you from our seniors who have spent years growing up in Turkey and know how the market works here, so you can have a better outlook on property investments and which kind of property you should invest in.