How Do I Select My Best Choice for Investing in Turkey’s Real Estate?
Let us say you are thinking about the investment in Turkey’s real estate sector, and you have no idea about the most appropriate investment for you. In this report, we will introduce you to the best choice for the real estate investment that is going to meet your expectations.
• First: for a long-term investment
Actually, experts recommend to invest in a farmland as the best choice for long-term investment, and that is of course one of the very profitable investments , especially if we take into account the fact that cities are expanding every ten years about 10 km, so if you buy an agricultural land near to the city and wait for couple of years — more than 10 years — later on, the land will enter within the reconstruction area, then if the land got a building permit, its value will increase exponentially.
• Second: for medium-term investment
In this regard, studies show that the best medium-term investment is investing in licensed land for construction. As the population is growing, the need for apartments as well is increasing indeed, and thus the price of the land is going to increase each year. As the construction around the land increases, its value increases dramatically, so it can easily be sold at any time. By the same token, the Turkish proverb says: “If you are thinking about your children, buy a licensed land for construction, and if you are thinking about your grandchildren buy an agricultural land.”
• Third: for short-term investment
For short-term investment, apartments and houses in Turkey are your best choice. During the last ten years, prices of apartment continue rising at rates higher than inflation. Furthermore, according to the International index of Knight Frank, Turkey enters within the world’s largest markets in the growth rate real estate.
• Fourth: investment through renting
If you are thinking about investing through renting, buy a shop. As the way it is with apartments, commercial shops protect your money from inflation since you can get a good return from the rent. However, the rent of the commercial shops is relatively more expensive than the apartment’s.