The Ultimate Guide to Real Estate Investment in Turkiye

One of the best strategies to diversify your asset portfolio, according to experts, is to buy real estate abroad. Buying real estate in Turkey achieves a lot by providing a distinguished investment environment and a high potential return on investment. It is important to understand the market and find opportunities or gaps that will allow you to make some profits. This article will help you find the best properties in Türkiye for investment.

Why Invest in Turkiye Real Estate?

There are many reasons that encourage investors to consider Turkey as their next investment step. First, Türkiye has a strategic location. It connects two continents, Europe and Asia, with access to the Black Sea, the Aegean Sea and the Mediterranean Sea. This makes many want to own a home and live in this country. Second, statistics also show that the Turkish economy is healthy and that rapid GDP growth and a wide range of industries provide promising opportunities for investors. Finally, Turkey invests heavily in infrastructure development, including roads and airports, making the real estate market thrive.

Turkey provides investors and companies with favourable tax rates and incentives that enhance profits and enhance the competitive business climate. For example, the usual VAT rate in Türkiye is 18%; However, specific goods and services may be subject to fees as low as 8% or as high as 1%.

Benefits of Real Estate Investment in Turkiye

Obtaining Turkish Citizenship

Buy a property worth $400,000 and obtain Turkish citizenship. This is an incentive for investors from all over the world. Turkey offers a streamlined process for obtaining citizenship through real estate investment, making it an attractive option for investors looking for a second passport. Foreign buyers of real estate in Turkey can also simply obtain a residency permit. By purchasing real estate for approximately $100,000, you and your family can obtain a residence permit for three years.

Cheapest Real Estate in Europe

Turkey's building and real estate industries have flourished in recent years, providing customers with a wide range of luxurious and modern housing alternatives. Even while smart home technologies are present in the majority of recently constructed homes, nearly all of them also have opulent communal spaces like gyms, spas, and swimming pools.

Check out our offers for the most affordable apartment in Turkiye.

Excellence Return on Investment

Investors evaluate the opportunities available by calculating the return on investment. this helps to determine its feasibility. Turkiye is one of the countries that has a high ROI and strong financial institutions, making it quick and easy to discover the right financing option to enable you to invest immediately in the market. experts recommend residential or commercial real estate as the least risky.

Government support

Government support is one of the most evident advantages of purchasing real estate in Turkiye. The real estate business is highly valued by the Turkish government, which has launched many initiatives and provided resources to encourage the sector's growth, including the option to pay property prices in instalments over an extended period of time.

How to Buy Investment Property in Turkiye?

1. Decide what type of property

It helps to have different types of properties for sale to choose from, so the first step is to determine which ones meet your investment goals. Apartments are a popular choice for those looking for a vacation home that they can leave unattended, as well as for investors who want an easy property to rent. People considering moving to Turkey are attracted to villas with pools, while traditional houses and village properties are suitable long-term investments for those looking to renovate, add value and resell.

2. Choose the Right Location

Location is the first consideration. Real estate in Türkiye can make an exceptionally good investment purchase; However, not all properties in Turkey are good value, and this is where you should start. Numerous factors come into play when selecting the best location for real estate investment. the following list will help you pick an ideal location for property investment.

• Price-to-rent ratio
• Property laws and taxes
• Safety and crime rates
• Presence of well-reputed schools
• Access to public transportation
• Presence of job opportunities

Related: The Cheapest Neighborhood in Istanbul to Buy A Property.

3. Research the Market and Compare Prices

Online real estate platforms provide a lot of information about the market and its trends. You can gain a basic understanding of the situation of the market by looking for blogs and websites devoted to Turkish real estate. Utilise Internet real estate directories to look for properties in the neighbourhood of your choice and evaluate the characteristics and costs of related properties.

4. Visit the Property

Arranging a visit to your preferred property is essential.  You learn more about the property and get to know the neighbourhood by seeing it in reality. Pictures on the Internet are not enough to make a final decision, and in most cases they are deceptive. So, after choosing the property, schedule a visit with your local agent.

5. Find Local Agent

Seek recommendations from friends and coworkers to identify many possible agents. Check out the websites and online profiles of the agents, learn about their experience and areas of expertise, and read client testimonials. Imtilak is one of the leading companies based in Turkiye and has a good reputation in the market.

6. Prepare the Documents and Complete the Transaction

The following documents are required to finish the purchasing process and obtain the title deed (Tapu) for your new property in Turkey: a foreign exchange document, your passport, a Turkish tax number, your personal bank account, your current address, the property appraisal report, and your biometric photos.

Tips for Successful Real Estate Investment

• Choosing Your Market & Timing: You need to find markets that are in the phase of expansion – where sales and prices are rising.
• Buy Low: The return on investment is based on how cheap you bought the property. lower price means more profit in the future.
• Understand Your Costs Up Front: It isn’t just the cost of the property and realtor commissions. You’ll need to pay for repairs.
• Manage Your Risks In Real Estate Investment: maintain a large cash reserve. You’ll reduce the risk of having to sell a property fast at a loss if you have the cash to carry the property long before it needs to move.
• Build a Network: A professional network can provide important support and create opportunities for both new and experienced real estate investors.