Steps for Real Estate Investment in Turkey

Real estate investment in Turkey enjoys leadership over other investments, because the areas of successful investment and its tools vary and its elements include different components, like investment within the exchange, investment within the industrial or agricultural field, commercial investment, or realty. Investments are differentiated consistent with their locations, and also the success factors that support them. Each location has its advantages, and every investment has the ingredients for its success.

The field of land investment in Turkey or other countries could be a similar type to other investment fields that need deliberate steps and a careful economic feasibility study, through which points are placed on letters, knowledge of the roadmap for investors, and moving forward towards a successful investment project.

What are the steps for land investment in Turkey?

1. Studying the truth of the Turkish assets market

This is done through the following:

• Knowing the legal basics for investing, buying and selling realty in Turkey
• Seeing the performance of the Turkish property market during different periods
• Monitoring the factors affecting the Turkish land market
• Identifying future infrastructure projects that directly affect the important estate market

2. Defining a true estate investment strategy

After a step in studying the fact of the Turkish property market, the investors must begin to develop the investment strategy by defining the allocated budget and therefore the fundamental quantity during which the investor wants to begin making profits.

3.Choose the foremost suitable property advisor

The investor must return to a true estate advisor before buying the property, first because he's a researcher during this field who can provide you with the property that suits your circumstances, secondly, the important estate advisor has extensive knowledge that extends to any or all areas and has previously studied it on all social, economic and cultural levels, additionally to He will provide you with legal support and can present the defects of the property before its advantages to you and explain things to you well before you decide on, as you're his client who will never defraud you, so your interest for him is first.

4. Determine the simplest city in Turkey for property investment

For example, when an investor wants to take a position in residential assets, it's preferable to shop for in Istanbul, bearing in mind that assets in Istanbul is dearer than other Turkish states, but it's more high in rental returns, and easier to sell with a high gross margin when reselling.

5. Determine the foremost appropriate area within town

For example, after the investor chooses the town of Istanbul, as an example, then he can select the realm like Basaksehir.

6. Determining the time and stage of shopping for the property

As the properties within the pre-construction stage are at lower prices than the properties that are within the construction stage, and also the prices of properties within the under construction stage are less than the costs of ready-made properties.

7. Take the ultimate decision and begin the implementation phase

By taking the choice to shop for the proper property and begin implementing your investment plan successfully in Turkey.

Reasons for the success of assets investment in Turkey:

“What are the explanations that make me encourage property investment in Turkey” is one amongst the foremost commonly asked questions, and that we will answer this question within the coming lines and highlight the foremost important reasons for investing in Turkey, which are:

• The attractive nature of Turkey, which is represented by the presence of museums, temples, monuments, mountain peaks, commercial markets, the blue waters of the Bosphorus, and therefore the mild climate in summer and winter in Turkey.
• The social and political stability enjoyed by Turkey within the Mideast.
• Turkey's economy encompasses a great and distinguished future. Expectations indicate that the Turkish economy are the fastest growing economy within the coming period, because it annually attracts quite 15 billion US dollars in foreign investment in Turkey.
• Turkey has an Islamic character that spreads in many of its cities, and Turkish people have high, tolerant morals that make them treat foreigners and Arabs well.
• Laws guaranteeing and facilitating the rights of foreigners, which permit them to possess property in Turkey and residency for all times, which are renewed annually once they own a property there.