العربية
Русский
The statistics issued by the Turkish statistical institutions show the amount of demand for the real estate market of all kinds until recent years witnessed huge numbers in real estate sales, which indicates the reality of the vital market, especially in areas that are near mega projects, means of transportation, business centers, and all facilities people may need.
If we look at these statistics, we will notice the importance of this investment sector in Turkey, especially in the main and major cities, where prices have recorded rapid increases over the past two years.
Someone might say: Perhaps this renaissance is nothing but a boom!
Here comes the clear answer on this point from a comprehensive look at the real estate market in Turkey, what is selling, buying, and renting, to notice directly how weak the supply is in front of the increasing demand, and the urgent need for more real estate product that meets the growing need.
Is real estate investment in Turkey profitable?
First, before answering this question; It is befitting for us to recall an unquestionable axiom: not all real estate is in the same balance, and a property in a remote area cannot be treated as a property in a hot spot in the real estate market.
You must know that choosing the right drug wisely is the final judgment in answering this question.
Therefore, we can say: The quality of your choice of real estate may allow you to profit more than you expect, quoting from experiences that we have seen ourselves in which rates of a price increase during a very short period amounted to about 30 percent of the price of the property itself, and this is undoubtedly related to the intelligence of the investor and his successful choice.
Despite the global Corona crisis, the real estate sector was the least affected economic sector in Turkey, and the wave of closures even contributed to raising real estate prices due to the delay in the implementation of many projects, which led to an increase in demand with a decrease in implementation.
As apartment rent prices in Istanbul and many other cities recorded increases, sometimes reaching more than 70 percent, in parallel with the Corona crisis and the decline in the exchange rate of the Turkish lira. The vitality of the Turkish real estate market also appears to us through the new house price index in Turkey for December 2021, which recorded an increase of 115.10% since the beginning of its study in the year 2010. Not to mention the dozens of statistics and other studies that Imtilak Real Estate reports in its news and blog from Its official sources are impartial.
Real estate investment in Turkey
Real estate investment returns in Turkey differ radically according to a set of data, for example:
First: The location of the property and its importance: its proximity and distance from the city center – the attractions in its surroundings – the distance to the seashore – its views – in a residential complex or an ordinary building.
Second: Property type: residential (villa, apartment…) – or commercial (office, shop, hotel…).
Third: The age of the property: Of course, modern properties are more popular than their old counterparts.
Fourth: Additional real estate services: which are included in high-end residential complexes, until they have become a feature indicating the luxury and sophistication of real estate, such as swimming pools, sports clubs, private gardens, and various playgrounds.
Fifth: The quality of the property: in terms of its finishes, the quality of its implementation, and the added technologies, such as smart home technology.
Is it possible to lose real estate investment in Turkey? How?
The equation of profit and loss is always dependent on its causes and introductions. The right choice of real estate, and the investigation of the causes of profit, is supposed to fulfill its required role as long as the study takes place on carefully studied and established principles.
Your study and choice of the winning drug must be based on several foundations, including but not limited to:
- Collect complete data about the real estate to be invested (location of the real estate, quality of its implementation, type, age, services, surroundings…), and weigh other options.
- Invest in areas that are expected to witness intensive investment activity in the future, such as areas near major government projects to be established, or at expansion points close to them; with the possibility of increasing profits after some time.
- Do not risk investing in a property that suffers from fundamental problems, and ensure the legality of the purchase process through experts specialized in this field.
- Consult with specialists and experts in the field of real estate, choose an honest real estate advisor for yourself, and make sure of the experiences of others with him before making a purchase.
- Comparing the return on real estate investment in Turkey with the returns on other investments
This kind of comparison is not without injustice due to market fluctuations, the effects of inflation, and the disruption of the exchange rate of the lira at times, and some reasons and causes play with investment standards and scales.
It is known that the profit from real estate investment does not come within a short period, then real estate investment has an undisguised advantage compared to other investments; Which is that real estate is the most loyal investment with its owner… So do not eat up his capital by losing speculation, trade, or corruption of goods, and the pests of his destruction are rare to the point of non-existence. Also, the doubling of his profits depends on the quality of the selection of the property and its good management.
