How to make high profits in real estate investment in turkey
Visitors to Turkey are always looking forward to investment projects after touring and visiting its tourist places and areas as well. Indeed, Turkey receives millions of tourists in all fields including; cultural, religious, investment, entertainment and medical tourism too, since Turkey links the East with the West at the same time. Several facilities have been issued to encourage foreign investors and foster their profits, with a primary to the Turkish citizenship permission.
In addition, Turkey is considered among the top strongest economies around the world, as it has witnessed the fastest economic growth in Europe. Some economic expectations have mentioned that Turkey`s revenues from the tourism sector may reach billion dollars by the end of 2020.
In this regard, Turkey is a popular tourist destination due to the presence of many coastal resorts overlooking the Mediterranean Sea, the Aegean Sea and the Black Sea.
Several historical sites including; ancient monasteries and cities and medical tourism resorts exist in the Turkish cities.
The real estate market has gained a reputation for being the most guaranteed investment sector. It’s the safest way to make money and also the quickest. And in the last decade, Turkey has entered the scene with unprecedented rapidity stealing the spotlight. As the trending destination for investors, foreigners are already rushing to buy property in Turkey.
The success of the market is the result of several factors, from affordability to stability, and everything in between that has made investing in Turkey low risk.
For instance, in 2020, perhaps the most challenging year of the century, the market performed against the odds and sales of property in Turkey went up by 23.5% in the first half of the year alone with the majority of buyers coming from overseas.
Without further ado, here’s how you can make Jack think to buy a property in Turkey and invest in Turkey.
3 Quick Ways to Making Profit
We all know property earns you most money through the traditional buy-and-hold approach. But you can leverage these long-term returns by leasing your apartment or house. Turkey hosts some of the greatest architectural pieces with comprehensive services that easily appeal to lessees. You can turn your property into a vacation house or put it for long-term rent. And since Turkey is currently a popular attraction for people around the globe, renting your flat can never go wrong. Buying property in Turkey guarantees a high rental yield.
Investing Near Big Projects
Turkey is currently witnessing rapid development and urbanization with massive projects quivering on the horizon. Buying property in Turkey within proximity to upcoming projects such as the İstanbul Canal will guarantee a rapid increase in property prices within the region once the projects are launched. Giving you the opportunity to resell your property with high ROI in the coming years. That’s your short-term returns made a breeze.
Buying Property Under Construction
Many are sceptical of owning unfinished property in Turkey. But the head municipality in İstanbul supports many of these projects ensuring their completion until the end.
Prices of projects under construction are very appealing in comparison to how they typically skyrocket by delivery. You can capitalize on this opportunity by buying property under construction and reselling it upon completion for quick profits.
How can the tourist investor obtain the Turkish citizenship?
Years ago, Turkey used to impose almost impossible conditions to obtain its citizenship through investment activities. There is a notable quorum of obtaining Turkish citizenship requirements, as it was more than a million dollars for a single investor, and then it reached a half million dollar and recently it has reached 250 thousand dollars. Nowadays, all the facilities are available including; supporting documents and a short period where the investor can obtain the Turkish citizenship only within 40-50 days.
Moreover, it allows access to family members who are under the age of 18 directly, and it moves to children and grandchildren without any conditions or restrictions. It is worthy to mention that it is not necessary for you to dispense your original citizenship to obtain the Turkish one. You can easily move since it is obligatory to be a permanent resident in Turkey, which makes the matter more comfortable and acceptable. Here, you have to know that your property cannot be sold before 3 years lapse from the date of singing the purchase contract.
Actually, real estate investment is the fastest compass for obtaining the Turkish citizenship, as the percentage of real estate investment in Turkey was 11.3% in 2020. Now, it is your golden chance to get a successful real estate investment through AlHuda Real Estate. The collapse of the Turkish Lira against the US dollars has encouraged investors to catch such an opportunity.
What about the best areas for real estate nowadays?
There are several areas that are highly recommended to invest in, as they are modern in terms of infrastructure and design, equipped with all means of transportation, close to shops, malls, gardens, parks, universities, schools and Bazar markets as well. These areas include Beylikduzu, Başakşehir, Bahçeşehir and Arnavutkoy. Definitely, they are characterized by a modem style where calm, stability, green areas and comfort are.
By thinking of necessary instructions to achieve high profits through real estate investment, they are:
First, choosing the property location accurately, as investment in recently constructed buildings, complexes or even stores is an unparalleled chance to achieve high profits. Hence, the investor can buy the property at a reasonable and even cheap price, thus ensuring high profits upon the sale later.
Second, choosing the real estate area carefully, such as buying small or medium real estate properties because it gives the investor an opportunity to invest in an appropriate budget.
Finally, contacting reliable relevant consultation companies, as they provide guaranteed advisory services that yield abundant benefit and profit to their clients and help them avoid losing their capital or interacting into weak investments as well.
We at Al Huda Real Estate recommend investing in properties since they are the shortest and quickest path towards achieving high profits. Absolutely, you can check out our real estate opportunities by visiting our website.
Buying property in Turkey or investing in Turkey is a gold mine of special opportunities with quick returns.
For more information contact our real estate consultants.