Real estate is typically seen as one of the most robust forms of investment especially for those who wish to growth their wealth and desire long-term profits.
To add to this, a solid investment has a much lower risk of losses, especially if you have a vast portfolio of properties which will result in guaranteed success.
Not to mention, capital growth as a result of property investments can help equity and even maximize your ability to reinvest. And finally, investment in real estate is one of the effective ways to fight against inflation since your investment will only increase in value.
Turkey has climbed its way up to the top among the list of countries that have sparked the interest of global investors for its exponential economic growth, and superior quality real estate.
In this blog, we will explore the best way you can invest in real estate, especially in Turkey
1. Buy a Home
Investing in a private residence is the best investment one can make as it offers both investment as well as lifestyle benefits. Home ownership can result in you acquiring amazing returns when your home appreciates in value and you sell it.
The rapid growth in the Turkish real estate market has only boosted the value of the local properties resulting in many international investors recognizing the potential of this sector and purchasing Turkish homes.
2. Invest in Residential Rental Property
Buying a property to use as rental real estate is one of the main ways people can make easy and quick passive income. Residential properties are one of the most lucrative in this regard.
One thing to note is that they can be quite complicated to maintain. Managing a residential property can be quite laborious since you have to hunt for tenants, do background checks, repair and maintain the property, etc.
However you can ease all this by just hiring the services of a property management company so they can take on the task of finding you tenants, etc.
Additionally, residential properties are great for both short-term and long-term rentals. If you wish to rent it out on a short-term basis, you can easily benefit from the thriving tourism sector and use your property as an Airbnb to rent out to tourists. However you may need a permit to be able to do this.
3. Invest in Commercial Rental Property
Commercial properties typically include real estate such as office buildings, retail stores, hotels, warehouses, factory buildings, etc. Purchasing commercial properties for rental income is another profitable way to invest in real estate. Compared to residential ones, commercial properties require a lot more capital for investment which does not make them as low risk.
However, commercial real estate provides much better rental yields to investors and can be rented for the long term which results in a much more stable cashflow.
To add to this, the location and the economic development in that area can guarantee significant gains while the renters are typically professionals who will take on the upkeep of the property, hence, taking away some of the management pressure from the owner.
4. House Flipping
Another laborious but fruitful method of investing in real estate is house flipping where investors will purchase a residential property and entirely renovate it to elevate its quality and then sell it for a profit.
This isn’t the easiest of investments and requires an in-depth knowledge of the sector, and an expertise in seeing the value in properties and areas to make the right choice.
Once the owner remodels the property, it then qualifies for a much higher price tag.
Buy Real Estate in Turkey and Become Eligible for Turkish Citizenship
Real estate in Turkey presents a plethora of opportunities for buyers, whether it be the potential for revenue in the form of robust rental income or the chance to diversify one’s portfolio by investing in high-value properties.
However, another massive benefit is that it can grant investors eligibility for Turkish citizenship.
Get in contact with our legal and real estate experts to explore your choices and also find out extensive information on how you too can qualify for a Turkish passport.
