Real Estate Investor's Guide in Turkey

A comprehensive guide on real estate investment in Turkey, the best Turkish provinces for investors, and the best types of properties for investment in Turkey in our following article at Imtilak Real Estate.

What are the advantages of real estate investment in Turkey?

With its moderate climate across various geographical regions, charming nature in all Turkish provinces, and diverse culture blended with Islamic historical heritage, Turkey is one of the most important investment destinations attracting businesspeople of all nationalities from around the world.

The real estate market in Turkey is among the most attractive property markets for investors globally, offering many opportunities for investment and freehold property ownership, providing a wide range of advantages at various levels for those wishing to buy property in Turkey, and ensuring diverse types of prestigious lifestyles within residential apartments with distinctive architectural specifications.

In addition to the real estate market that offers the strongest investment returns, Turkey is one of the most important countries that allows investors to obtain its citizenship without giving up their original nationality. Therefore, one of the most important advantages of real estate investment in Turkey is obtaining a second citizenship, as Turkish laws allow obtaining Turkish citizenship by purchasing a property worth no less than $400,000, provided it is not sold for 3 years from the date of purchase.

The Turkish government has provided many facilities that encourage investors to come to Turkey for real estate investment and has enacted laws in favor of the foreign investor regarding property purchase in Turkey, aiming to attract more investments to the real estate market and remove all obstacles and difficulties that could hinder foreign investors wishing to own property in Turkey.

The cheap prices of Turkish properties compared to properties in European countries and some Arab countries, and the relatively low cost of living in Turkey, are among the main reasons encouraging real estate investment in Turkey.

Among the most prominent reasons for investing in Turkey are the luxurious real estate features, such as stunning sea views, central locations close to investment centers, and apartments with elegant finishes located in the heart of natural areas.

There are also other factors that encourage real estate investment, such as Turkey's strong infrastructure in terms of modern and advanced transportation, construction of international highways and bridges that shorten distances between remote areas.

In terms of education, Turkey has enormous capabilities in providing the highest levels of education in its schools and universities, in many languages including Arabic and English, with easy registration requirements and reasonable tuition fees, ensuring a strong, purposeful, and safe educational environment for investors' children.

Moreover, one of the things that encourage real estate investment in Turkey is the significant development in the health sector, resulting in the construction of the latest hospitals and medical cities, and the massive marketing revolution that led to the construction of the finest shopping malls, which include the most famous local and international brands.

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What are the disadvantages of real estate investment in Turkey?

Just as real estate investment in Turkey has many advantages and benefits, it also has some drawbacks and issues, the most prominent of which are:

• Dealing with unknown real estate companies, which can lead to failure in the real estate transaction and loss of money. This may be due to the lack of experience of company employees in real estate dealings, or the greed of some company owners who use manipulation and tricks with investors as a means to make money.
• Poor organization, arrangement, management, and planning of the real estate project, and not knowing the necessary steps to enter real estate investment in Turkey.
• Not obtaining real estate consultation from specialists and experts in the real estate market.
• Not studying the economic situation or knowing the fluctuations of the Turkish lira against the dollar and exploiting circumstances when conditions are ideal for real estate investments.

What are the best cities for real estate investment in Turkey?

In the Real Estate Investment Guide in Turkey, the best cities for real estate investment can be classified as follows:

1. Istanbul

Istanbul is one of the best Turkish provinces for real estate investment in Turkey, thanks to its real estate advantages that create optimal conditions for entering the investment world and guarantee all the necessary conditions for success in investment projects.

Istanbul, which spans two large continents, offers the strongest opportunities for investment and freehold property ownership, including owning properties with stunning views of the Bosphorus or the Sea of Marmara, apartments with highly precise and elegant designs and finishes, close to commercial towers and the world of finance and business, a short distance from metro lines, transportation, international highways, and just steps away from educational and health institutions and shopping centers.

Istanbul is considered Turkey's economic capital due to the large number of commercial, real estate, industrial, and professional projects, providing investors with the opportunity to establish any investment project in various sectors and fields.

Istanbul is also based on a solid tourism foundation, as it is rich in tourist attractions, natural sites, shopping centers, and historical areas, attracting millions of tourists annually. This can be leveraged by purchasing tourist properties and establishing projects near tourist attractions.     

2. Antalya

Antalya seeks to benefit greatly from tourism revenues by attracting businesspeople for property ownership. Properties in Antalya have large areas and spacious balconies, with stunning views of the Mediterranean Sea, and offer investors a range of distinctive options from residential apartments, luxury villas, and commercial shops that meet investors' desires and fulfill their ambitions.  

3. Trabzon

Trabzon relies on its enchanting natural beauty—plains, plateaus, lakes, and highlands—to attract investors. Properties in this province have a special charm, placing it in a distinguished position among the best Turkish cities for real estate investment, especially those overlooking the Black Sea in the heart of attractive natural areas.

4. Kocaeli

Kocaeli is ranked among the most preferred Turkish provinces for real estate investments, characterized by its wonderful nature, quiet areas away from all sources of noise, its geographical proximity to Istanbul, and most importantly, property prices in this province are the cheapest among all the provinces mentioned above in this article.

How do I know the best projects suitable for investment?

Each real estate project has its own specifications and features. Therefore, to choose the right project for investment, the following real estate specifications should be available:

• A suitable geographic location within central areas and close to commercial and tourist centers.
• The general surroundings of the project should be vibrant, such as the presence of malls, schools, universities, and hospitals nearby.
• Proximity of the project to international roads and fast transportation lines.
• Choosing the appropriate space for family living in residential apartments.
• Focusing on real estate projects that qualify their owners to obtain Turkish citizenship.

How can I get the best price for property in Turkey?

To get the best prices for properties in Turkey, you should contact the consulting team at Imtilak Real Estate, which offers you a wide range of properties that fulfill your ambitions and meet your desires, and suit the budgets of people with limited income as well as all other categories of investors and businesspeople.

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What are the best types of properties for investment?

In the Investor's Guide to Real Estate in Turkey, the best types of properties for investment can be classified as follows:

1. Apartments

Apartments in Turkey rank first on the list of best properties from an investment perspective. The available offers for apartments are abundant in all Turkish provinces, and the specifications available in these apartments are suitable for all families, meeting all the aspirations of investors wishing to own property in Turkey.

Diverse offers of apartments for sale in Turkey in the best Turkish cities for real estate investments from Imtilak Real Estate, which has expanded its network of services to include all provinces preferred by investors for property ownership.

2. Villas

Villas come second after apartments in the list of best properties from an investment perspective in Turkey. These villas meet the requirements for Turkish citizenship and have distinctive real estate features, such as large spaces and multiple layouts up to 8+1 in some cases, with vast green areas, private pools, and social facilities, ensuring maximum comfort and complete privacy for investors and their families.

3. Commercial shops

Commercial shops rank third among the best types of properties suitable for investment. They are located in vital areas of central districts or occupy designated spaces within shopping malls, and you can find commercial offices near commercial towers and the world of finance and business in Istanbul, ensuring ideal conditions for the success of all commercial projects.  

4. Lands

Although lands are ranked last among the preferred properties for investment in Turkey, they are distinguished by their cheap prices and the possibility of establishing various agricultural or construction projects on them. Buying a plot of land suitable for construction in investment-serviced locations is one of the most profitable projects for the future, especially after establishing a real estate project on it.

Which is better for investment: residential or commercial properties?

The answer to this question depends on the purpose of the investment. Is the goal of buying the property for residence or for business? Based on this answer, you can decide between investing in residential or commercial properties. It should be noted that residential properties are designated solely for housing, meaning they cannot be used for any commercial purpose under Turkish law, while commercial properties are designated for commercial purposes only. These purposes can be carried out in offices, commercial shops, malls, hotels, warehouses, halls, and other types of commercial properties.

It can be said that investing in residential properties is generally better than investing in commercial properties, as investment opportunities in residential properties are more available than in commercial properties, demand for residential properties is higher in the real estate market than for commercial properties, and the taxes imposed on residential properties are much lower than those on commercial properties.

Which is better: buying an apartment and renting it out or buying and reselling it?

Both options offer investors opportunities for profit, but investing by buying apartments and reselling them provides greater profits than renting, especially with the fluctuations in the Turkish lira and the constant increase in property prices in Turkey. Many investors prefer to buy apartments under construction, as prices are lower, and they achieve a large profit margin after furnishing them.

Likewise, buying apartments for the purpose of renting guarantees property owners a monthly income that can be saved and used to achieve some projects.  

Book a free consultation with real estate experts in Turkey "Imtilak Real Estate"

Imtilak Real Estate has been promoting Turkish properties since 2012 in Turkey and has extensive experience from many years of work in the Turkish real estate market. It has provided hundreds of freehold property opportunities for Arab and foreign investors, with a distinguished team of real estate experts who provide all the necessary information about the property, technical specifications, geographical location, and general surroundings. Do not hesitate to contact our real estate experts at Imtilak for a free real estate consultation that will ensure your safety during your real estate journey in Turkey.

Edited by: Imtilak Real Estate©