By Justin Mays:
While Turkey receives massive real estate investments from
foreigners year after year, the question of how the returns compare to other
investments is still on the minds of many.
The country's steady economic and social development has
boosted Turkish real estate sales and made the local real estate market one of Europe's
most enticing and in-demand.
The versatility of the property market and the stability of
the real estate sector through the pandemic and post-pandemic times have given
rise to high demand for Turkish properties among foreign investors seeking a
safe investment.
Prime Property Turkey uses its decades of experience in the
Turkish real estate sector to bring you a comparison of real estate investment
returns in Turkey with other investments.
Here's a Comparison of Real Estate Investment Returns in Turkey With Other Investments
According to the Turkish Statistical Institute, an 11.7% increase occurred in house sales in Turkey in June 2022 compared to
June 2021. Out of all the major cities, Istanbul had the highest sales, with an
increase of 18.6%.
In 2022, 1,485,622 house sales were made in Turkey. Additionally, a slight decrease occurred
in house sales in December 2022 compared to December 2021. Nonetheless, the
real estate sector still thrived, and 207,963 house sales were made in Turkey,
with Istanbul, once again, having the most share with 36,744 house sales.
All the above statistics point towards the stability of the
real estate market and despite the pandemic and its repercussions, there has
been a significant demand for local properties by foreign and local
investors.
Turkey continues to receive real estate investments from
foreign investors compared to other types of investments. The decrease in the
Turkish lira has also resulted in rapidly rising rents in all the major cities,
sparking a massive influx in real estate investments for rental income.
Furthermore, the absence of commercial losses makes it the ideal investment choice for many.
What affects the average ROI on real estate investments in Turkey?
A few factors affect the average return on investment in
Turkey. The location and property type are the most important ones since they
determine the property’s distance to the city and its views.
The age of the property and the amenities that it offers are
also huge factors. Newly constructed properties tend to be more in demand than
old properties. Many of the modern houses and commercial properties for sale in Turkey offer facilities such as 24/7 security,
gardens, fitness centers, etc. Consider checking out the Mansion Basaksehir project since it brings homebuyers a list of attractive and
modern social facilities.
And lastly, the property’s finish and interior design
definitely affect the returns.
How to Make a Successful Real Estate Investment in Turkey?
Enlisting the help of a specialist is the most effective way
to ensure that your investment is risk-free. We have an extensive list of
clients who trust our real estate agents to give them the best guidance when
investing in Turkey.
All you have to do is book a free consultation with our real
estate consultants and communicate your requirements to them. Whether you want
to buy a property, lease or even sell, we can help make things seamless for
you.
When buying property, we thoroughly guide you in the selection process and can take you on dedicated property tours so you can inspect every detail before you go ahead with the investment.
Why Opt for a Real Estate Investment in Turkey?
As demonstrated by the statistics above, the rate of real
estate investment in Turkey has kept up and has only boosted in value in the
last few decades. The high population density of Turkey, and the influx of
foreigners, expats and holiday-makers, indicate that the demand for housing
will always grow.
What’s more, Turkey gives a plethora of real estate
investment options, including residential, commercial, and land investment
opportunities. Apart from the occasional slight drops in real estate prices,
the properties in Turkey have experienced a significant increase in value.
And the best part is that a real estate investment of 400,000 USD can allow buyers to obtain Turkish citizenship because of the Turkish citizenship by investment program.
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More to read from us:
Why You Should Buy Property in Historic Uskudar
Basaksehir- One of the Top Districts for Real Estate Investment
