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Real estate properties differ in their classifications according to the purpose for which they are established and related to the reason for construction. The real estate may be residential, commercial, tourist, or other classifications. This article will explain the Types of Commercial Real Estate in Turkey and Real Estate Investment.
The diversity of real estate properties available for foreign ownership characterizes the real estate market in Turkey. So, foreigners who wish to invest in the real estate sector will find their way into the Turkish real estate market. Also, those who want commercial real estate will find different types of them.
The most important types of commercial real estate in Turkey:
1. Commercial offices and corporate offices
They are commercial units that are within complexes with integrated services. Furthermore, they are designated to include offices for various companies and institutions, through which business management operations are carried out.
This type of commercial real estate comes in different sizes and designs, and it is often located in central places in the city, in line with its commercial purpose of doing business and commercial activities.
2. Industrial properties such as warehouses and distribution centers
Those properties are related to laboratories, factories, or places that belong to the same commercial purpose. So that they are designated for storage and redistribution, and this type of real estate is often of large areas and is located in industrial areas prepared for transportation and production operations.
3. Retail stores with all kinds
Traditional, independent shops are known in their typical form, are spread on roads and streets with different spaces and various finishes, and are usually used for commercial purposes such as using them as a restaurant, cafes, grocery stores, bookstores, or other areas of retail buying and selling.
4. Shops within malls and closed markets
Commercial real estate units within dedicated complexes and these complexes are in the form of markets, commercial centers, and malls that include various shops, and they constitute distinguished real estate investment opportunities in first-class tourist countries such as Turkey.
5. Hotels
Hotels come on top of the commercial real estate that is popular with foreign investors in Turkey since Turkey is one of the leading countries in the field of tourism globally.
Commercial real estate for hotels in Turkey comes in different types. As it comes in the form of a complete hotel or hotel apartments within hotel projects managed by major international hotel companies.
Advantages of investing in commercial real estate in Turkey
1. The payback period is relatively short
It is in the long term through annual or monthly returns, so that the capital is recovered after a while in the form of payments whose total after a period has recovered the worth, or in the short term when reselling the property again, which in turn achieves a profit margin with the return of the capital Money instantly subject to inflation differences.
2. Ease of renting
This is linked to the high rates of demand in the Turkish market for commercial real estate in general, as Turkey is an emerging investment market and is highly desired by many local and international investors.
3. Rental returns are high compared to residential real estate
Based on the size of the export and production market in Turkey. In addition to the country’s strong entry as a major factor in global supply chains in various sectors, the rental income from commercial real estate in Turkey is the most profitable and returns for investors and owners of those real estate.
4. A steady increase in the price of commercial real estate over time
Commercial real estate in Turkey is the most common type of investment that saves money from global inflation factors and the loss of its purchasing value, as commercial real estate in the Turkish real estate market has proven during the last two decades that it maintains its price value stably.
The prices of commercial real estate in Turkey rise periodically and automatically, in addition to being affected by other factors related to the Turkish real estate market, such as
the significant increase in demand rates, and the association of commercial real estate with the infrastructure and development projects that are taking place in the country with the rising economic growth in Turkey.
5. Ease of selling with reasonable returns
Commercial real estate in the Turkish real estate market is characterized by the ease of resale, due to its connection to the high levels of solid demand by Turkish and foreign investors, And this is because of the increase in business activities, production, and industrial activities that Turkey is witnessing during the recent times.
