How to Start Your Real Estate Investment in Turkey in 2022?

According to the remarkable rotation process that Turkey is witnessing, citizens from all over the world are moving their assets to Turkey to invest in the Turkish real estate market in Istanbul or other big cities.

Turkey's real estate market has subsequently emerged as one of the influential poles of global competition and emerged as a competitive option in terms of strategic geopolitical location, market value, advanced infrastructure and many other sound, attractive fundamentals.

But what are the requirements for a successful real estate investment in Turkey? What are the basic steps to achieve a profitable real estate investment in Turkey?

In this article, we will discuss the steps to take to buy a property in Turkey and get the privileges whether you are a foreign investor getting Turkish citizenship or a Turkish property residence permit and other benefits that foreign investors can enjoy by buying property in Turkey property:

How to Start Your Real Estate Investment in Turkey1

Buying Property in Turkey for Investment

Before concluding any business or real estate investment in Turkey, foreign investors must first consider a number of criteria in order to avoid potentially complete game-changing obstacles or unpleasant surprises to the investor's detriment, such as:

1- Real Estate Market KPI Preview

The rate of growth in Turkish real estate purchase values ​​is a key indicator of the effectiveness of investment performance in the Turkish real estate market.

Apart from the demand rate, the annual and monthly rents are also important indicators that you definitely need to check before deciding whether to buy an investment or residential property in Turkey.

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2- Foreign Investor-related Legal Investigation

Assessing the laws pertaining to foreign affairs in Turkey is one of the steps that needs careful consideration as it determines the long-term fate of real estate investment in Turkey.

In addition, laws and agreements regarding foreigners are related to the future economic situation in Turkey, which is closely related to the large-scale infrastructure of Turkish government projects, which is closely related to most variables in the Turkish real estate market in terms of value and value. Performance.

3- Analysis of Real Estate Market Value in the Past 10 Years

Before deciding to buy a property in Turkey, be sure to check out Turkey’s real estate market value reports for the past ten years.

The increase in market value refers to changes in the country's economic situation and the extent to which domestic and foreign policies affect Turkey's economic performance.

Based on figures and statistics provided by the government, foreign investors can choose a city or town that fits the Turkish real estate investment budget and measure the success and development of real estate in the next ten years.

How to Start Your Real Estate Investment in Turkey

4- Make a Suitable Investment Plan for Your Property

Researching market values, laws and market history for foreign investors can help determine avenues for purchasing suitable property in Turkey.
Therefore, in the next step, the implementation diagram must be created based on several factors mentioned, the most important of which are:

1 – Setting the budget and purpose of buying property in Turkey

Purchasing property requires a foreign investor to have a specific real estate investment budget; for example, if the main goal of owning property in Turkey is to obtain Turkish citizenship, $400,000 would be a fixed minimum budget.

2- Specified investment plan

Timing is the most important factor in the real estate investment journey, so setting a firm timeline and identifying the purpose of the investment will shape the main characteristics of real estate investment in Turkey:

Turkish real estate investment is divided into several methods that bring considerable profits to foreign investors in the Turkish real estate market:

How to Start Your Real Estate Investment in Turk

  • The first method:                                                                                                                                                                                           Resale: Taking into account the above factors, foreign investors can get 2-3 times the profit by reselling the properties initially selected according to the investment plan.
  • The second method:                                                                                                                                                                                        Leasing: Due to the prosperity of Turkey's economy and population, especially in the big cities, monthly and annual rents have risen sharply, reaching more than 8-9% of the property value every year; therefore, foreign investors should choose wisely which properties they want to rent out . This guarantees a successful real estate investment in Turkey in 2022.
  • Find the perfect spot                                                                                                                                                                                         The exact location selection is done in the fifth phase of profitable real estate investment in Turkey 2022, depending on all the factors mentioned above that determine the destination, market value and market history. Choosing a location starts with choosing a city, then a municipality, which will determine the type of property you should buy.
  • Find the best real estate consultant                                                                                                                                                                     In the end, everything we have explained in this article sounds challenging for foreign investors unless they find a trusted partner in the process. Here we refer to real estate companies as well as developers and construction companies in Turkey.

Due to the high demand in the market, the number of real estate businesses has increased significantly; it is imperative to find the perfect partner by achieving a safe and successful real estate investment in Turkey 2022.

Property Superiors has over a decade of experience in the Turkish real estate market; we can guarantee you a safe journey and find the right property for you.

Property Superiors has a qualified team ready to provide you and your family with all legal and real estate advice; contact us today and shape a prosperous start together.

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