Turkish real estate development by 2023

In Turkey, real estate development refers to a set of actions made by particular parties to construct a real estate project and generate financial returns.
One type of real estate investment in the Turkish real estate market is real estate development.

Turkish Real Estate Development

Real estate development is a lucrative industry in Turkey for both commercial and financial purposes. It involves a variety of changes, including the ownership of vacant land or the partial or complete rehabilitation of ancient real estate.

Turkish Property Developer

A real estate developer in Turkey is a person or business that specializes in developing real estate on a property or rebuilding it. They have access to a wide range of properties and have expertise in the Turkish real estate market.

The Turkish real estate developer works to organize the numerous real estate development operations in Turkey and transform the concepts that are written down into reality.

The Turkish real estate developer is not a contractor or real estate consultant, but rather a manager of Turkish real estate development who has ideas for the best projects to build based on research. They also present a marketing strategy for the project and plans for selling it on the Turkish real estate market.

Finding the ideal locations for real estate development in Turkey and coordinating with financial institutions, building companies, builders, and other real estate professionals is one of the most challenging duties for a Turkish real estate developer.

Before beginning the building of any real estate project, we must give the concept and the owner of the idea, i.e. the real estate developer in Turkey, tremendous priority. The greatest projects in many scientific, medical, engineering, technological, and technical disciplines all begin with a "idea."

One of a real estate developer's most crucial tasks in Turkey is to thoroughly research and analyze development concepts through technical and scientific studies.

Turkish agencies for the development of real estate

Turkey's real estate development is broken down into:

1. The growth of real estate in Turkey through the building of contemporary places, such as the creation of residential complexes or villas inside the complex.

Regular flats can be combined with luxurious villas, but doing so takes a sizable investment from a number of businesses or investors. This kind of project draws both Turkish and foreign buyers who want to own property in Turkey.

2. The construction of cities on unused land in Turkey, or the reconstruction of areas following the demolition of older structures and the construction of new ones.

The Turkish government is attempting to incentivize investors to start real estate development in Turkey, as it is present in a number of Turkish cities and regions, including Kadikoy, Basin Express Road, some areas of Beyoglu, and the Bilali Pasha neighborhood.

It must be assured that real estate development activity in Turkey continues after real estate is sold and given to clients, instead concentrating on assessing the services offered and seeking feedback from customers.

Turkish Real Estate Development Factors

The following aspects must be present in order to work on real estate development in Turkey in order to attain the best outcome for these economic activities:

Merchant:

 He provided the funding for the construction project in a Turkish city and area.

Contractor:

A person or firm hired to create the project in accordance with the blueprints, engineering models, and other documents.

Real estate business

The Turkish real estate firm establishes a link between the financier and the Turkish construction firm, administers and oversees the project, and offers suggestions, research, helpful recommendations, and investment opportunities.

The project is then marketed in two phases, the first during construction (during the construction phase), and the second starts after the completion of construction work to sell ready-made apartments. All of this is done through a dedicated department within the Turkish real estate company called the "Department of Real Estate Studies and Development Research".

Benefits of Turkish real estate development

• The geography and environment of Turkey serve as the foundation for real estate development operations there, such as by offering Turkish territories wide regions for building and real estate development.
• Through real estate legislation that supported the real estate developer and encouraged him to submit suggestions for developing Turkish real estate in the best way, the Turkish government offered numerous facilities, incentives, and solutions to difficulties for the real estate developer in Turkey.
• In terms of aesthetic designs and ideas for the creation of residential complexes and the provision of green spaces, playgrounds, social and recreational activities, and security services, the real estate developer in Turkey is competing to provide competitive real estate models to major real estate markets in the world like London real estate, New York real estate, and Dubai real estate

Tasks of real estate development companies in Turkey

• Pointing investors toward areas where the Turkish real estate market is experiencing real estate development and demand.
• Find the appropriate lands in Turkey for the development of real estate and recommend them to the developer.
•  Thorough research on real estate projects and the finest suggestions for initiatives that work with the Turkish market and bring in returns for investors in real estate.
•  Participation in the building and interior and exterior cladding of Turkish real estate developments with investors.
•  After the engineering plans and design work are finished, real estate projects are marketed, and real estate sales inside the projects begin