The real estate market in Turkey is one of the most rich in options and diversities at all, and this.

Types of Real Estate in ...

Date:Monday, September 19, 2022

The real estate market in Turkey is one of the most rich in options and diversities at all, and this.

The real estate market in Turkey is one of the most rich in options and diversity at all, and this is one of the main reasons that made Turkey the focus of attention for many real estate investors around the world. If you decide to buy a property in Turkey, you should see the different types available and their most important features, and this is what we will talk about in detail in this article.


Learn about the types of real estate in Turkey:

Tourist - residential - commercial - industrial - agricultural properties and others are a great opportunity for real estate investment and for benefiting from the set of privileges and facilities offered by the Turkish government.


First: Residential real estate in Turkey:

The need to buy residential real estate in Turkey can never end or stop in light of the large population growth witnessed by the Turkish state. Here are all types of apartments in Turkey for you to know about.


1 – Apartments of residential complexes:

What are the advantages of buying an apartment within these complexes?
There are many reasons that drive investors to buy apartments in residential complexes in Turkey, as these complexes provide all the needs and services that make life easier, and many investment opportunities for the future. Here are their main features:
-Surveillance cameras and guarding: All residential complexes have a security system to protect residents around the clock.
-Green spaces and gardens: Most of these complexes allocate a large percentage of the total area to green spaces, where there are beautiful gardens with waterfalls and fountains.
-Swimming pools: Most residential complexes have more than one swimming pool, a children's pool and separate swimming pools for men and women.
-Sports fields: There are many sports fields in the residential complexes, such as tennis, football and basketball.


2- Studio apartments:

Advantages of buying this type of apartment:
First, the prices of these apartments are very suitable for investment, as they start from only 35 thousand dollars.
Secondly, the area of ​​these apartments is small and does not exceed 60 square meters, which makes them suitable for individuals or couples.
Third, these apartments are characterized by their simple design and lack of decoration, which facilitates maintenance and cleaning.
Fourth, most of these apartments are located in the city center, close to vital centers and services.


3- Penthouses:

The penthouses are located on the upper floors of the building and offer stunning views of the cityscape or nature. Penthouses are usually quite large, some even exceeding 2,000 square feet. This is ideal for those who love their privacy and need plenty of space to move around.
Penthouses are known for their luxurious features and finishes, which can include things like high-end appliances, marble worktops, wood floors, and more.
Many penthouses come with their own outdoor spaces, such as balconies or terraces. This is perfect for entertaining guests or simply enjoying the fresh air.
Penthouses are often seen as a symbol of wealth and success, and can provide residents with a sense of privacy and prestige.


4- Duplex apartments:

Duplexes in Turkey have many advantages that make them the best choice for anyone looking for a new home, whether for living or investment purposes.
They offer more space than traditional apartments, which is always a bonus.
They often come with two separate entrances, which means two families can live there if you wish, or you can live in one half and rent the other.
Another advantage of duplexes in Turkey is that they often come with private gardens and/or balconies. This means you can enjoy some outdoor space without having to leave your home and it's perfect when the weather is nice!
Finally, duplexes in Turkey tend to have very good prices, especially when compared to similar properties in other countries. This makes it an excellent choice for those on a tight budget.


5 - Triplex apartments:

The first and most important advantage of owning a triplex apartment is that it gives the owner a sense of comfort, privacy and a lot of luxury due to its large area.
Another advantage of owning a triplex apartment is that it can be used as an investment property. They are often rented out to generate income.
Another advantage of owning a triplex apartment is that it often has a higher resale value than other types of apartments.
The last advantage of owning a triplex apartment is that it comes in many different designs and styles to suit everyone.


6 - Townhouse apartments:

The biggest advantage of townhouses is that they offer more privacy compared to other apartments. If you live in an apartment, you have to share walls with your neighbors, which means you can hear them and they can hear you. With the townhouse, you only need to share one wall, so there is more privacy.
Another advantage of homes is that they often come with a small yard or garden. This is great if you have pets or children because they can play outside without having to go far from home.
Townhouses also tend to be cheaper than apartments, so if your budget is tight, this might be the best option for you.


7- Hotel apartments:

One of the most important features that distinguishes hotel apartments from other investment opportunities is the possibility of obtaining Turkish citizenship through them due to the high prices, as the law in Turkey stipulates that any foreigner who buys a property worth 400 thousand dollars can apply for Turkish citizenship.
Hotel apartments are one of the best types of investments that give you a high return on your investment, as they give you the opportunity to get rental returns throughout the year, and if you are a smart investor, you can make more profits by investing in them by following certain strategies.


8 - Apartments overlooking the sea:

There are many reasons why buying a sea view apartment in Turkey is a great option, especially for those who like to spend time outdoors and enjoy the scenic views.
Among the most important advantages of these apartments are:
-You will be able to wake up to the sound and see the waves crashing into the beach every morning, which is a very relaxing way to start the day.
-The views from your apartment will be some of the best in the city, and you will be able to enjoy them from your balcony or terrace.
-Being so close to the water also means that you can take advantage of all kinds of water activities, such as swimming, surfing, sailing, and more.


9 - Standard/Standalone Apartments:

The size of the apartments is usually small and is suitable for one or two people only. This is an advantage for those who want to live in an apartment alone or with a partner.
The prices of these apartments are usually lower than other types of apartments, such as duplexes or penthouses. These apartments usually have a view of the city that other buildings do not have, giving you a sense of freedom.
-These types of apartments are usually located in the city center, which means that you will be close to all amenities and attractions that the city has to offer.


10 - Buying villas in Turkey:

Villas in Turkey are becoming increasingly popular among foreign buyers, and it is not hard to see why. Whether you are looking for a vacation home, a place to retire or an investment property, there are many advantages to buying a villa in Turkey. Here are the most important ones:
Turkish villas offer great value to their owner, especially when compared to similar properties in other countries.
Turkey has a huge range of different locations to choose from, whether you want to be by the sea, in the mountains or in the city.
Villas in Turkey offer a comfortable lifestyle, ideal for those who want to escape from the hustle and bustle of city life.


11 - Twin House Apartments:

One of the biggest advantages of twin houses is that they provide more privacy than other types of housing, such as apartments.
Twin houses also offer more space than apartments, and are ideal for families or those who often receive guests.
Another advantage of twin homes is that they usually appreciate at a faster rate than other types of housing, making them a good investment.
Finally, twin houses provide a sense of community that can be missing in other types of residential projects.


12 - Smart Apartments:

Smart apartments in Turkey have many advantages that make them a great choice for investors and those looking for a new home. Among the features of these apartments:
-The apartments are designed with the latest technology making them more efficient and easier to use.
-The buildings are usually located in prime real estate areas, so you will have great views and will be close to the best amenities. They often come with the best amenities like fitness centers, swimming pools, and security services.
-Many smart apartments are green certified buildings, so you can save money on your energy bills.
-You usually get a higher ROI when you sell a smart apartment than a traditional apartment.


Old real estate or new real estate?

The answer to this question depends on your needs and desires. Older properties generally cost less per square meter than new construction, so it can be an affordable option. Older homes also tend to be located in existing neighborhoods with good schools and amenities, which can be attractive to families.
On the other hand, new homes are often built with energy-efficient features and the latest technology, which can save you money on utility bills over time.
They also usually come with a builder's warranty, giving you peace of mind if any problem arises.


Second: Commercial real estate in Turkey:

All the ingredients that Turkey owns confirm the importance of buying and investing in commercial real estate, starting with its booming economy and ending with the distinguished tourist periods it is witnessing.


Shops:

There are many reasons why investing in shops in Turkey is a good idea. One of the main reasons is that it provides a great return on investment.
The average rental yield for shops in Turkey is around 7%. This is above average for other types of real estate, such as apartments.
Another reason to buy shops in Turkey is that they are relatively easy to find and buy. You can often find good opportunities on Turkish shop real estate by searching online.
There are also many real estate agents who specialize in selling Turkish shop properties.
The cost of living in Turkey is relatively low compared to other European countries. This means that your store will likely have lower operating costs.
There is a high demand for retail space in Turkey, especially in the tourist areas. This means that your store is likely to have a high occupancy rate and generate a good income.
Turkish shop properties are often located in prime locations.


2 - Shopping malls:

Shopping centers in Turkey are usually located in the city center, providing easy access to public transportation, as well as a large number of potential customers. In addition, these malls usually have a variety of stores and restaurants, which can attract customers constantly.
Another advantage of shopping malls in Turkey is that they are often built with the latest technology and amenities. This means that they can provide customers with a convenient and modern shopping experience.
Finally, shopping malls in Turkey often offer a variety of incentives to tenants, such as lower rents and longer lease contracts.


3- Office apartments:

An office apartment is a commercial space that is used as an office, but it is also created like an apartment. This means that there is a sitting area, a kitchen and a bathroom, and there are many benefits to buying an office apartment in Turkey. One of the biggest benefits is that you can get a great return on investment.
Office apartment prices have increased significantly over the past few years and are expected to continue rising. This makes it a great investment for those looking to make money in the real estate market.
Another benefit of investing in an office apartment is that you will have a place to live and work in the same space. This can be very convenient for those who travel a lot for work or who want to be close to their workplace.
Plus, it can save you money on rent or mortgage payments by combining living and work expenses in one place.


Third: Tourist real estate in Turkey:

The Turkish real estate market includes many types of tourist real estate, which is a great opportunity for real estate investment, through which you can get a great return, especially during the tourist seasons.


1 - Hotels:

Turkey has many tourist attractions that make it one of the most important tourist destinations in the world, as it is considered a cheap country compared to others, so the number of hotel establishments has increased to meet the needs of tourists, and there are many advantages that make Turkey a suitable place to invest in this field.
Here are the most important ones:

-Turkey's geographical location makes it enjoy a varied climate throughout the year, making it one of the most important tourist destinations in all seasons.
-Tourists can reach Turkey easily through its international airports that are spread in all cities, which saves time and effort.
-The presence of many civilizations in Turkey made it one of the richest countries in history and culture.


2- Restaurants:

One of the advantages of investing in restaurants in Turkey is that they provide a great way to generate income, an opportunity to live and work in a beautiful country, and an opportunity to own your own business.
Turkish restaurants are also famous for being some of the best in the world, so you can be sure that your investment will be a good one.


3- Cafes:

Cafes are one of the most important types of real estate in Turkey, as they offer many advantages to investors, such as:
-Cafes provide a great investment opportunity, as they can be sold or rented easily.
- Cafes are a great way to start your own business, as they require relatively low start-up costs.
-Cafes are an ideal project for small businesses, as they provide a convenient and central location.
-Cafes offer a unique atmosphere that cannot be found in other types of business, making them ideal for customers who appreciate good coffee and food.


Fourth: Industrial real estate in Turkey:

Industrial real estate can be a great investment, especially with a fast-growing economy like Turkey. Istanbul is the industrial and commercial center of Turkey, and as such, the demand for industrial real estate is high.
There are many advantages to buying industrial property in Istanbul. The first is that you will have a stable rental base. Many companies are looking for industrial space for rent, so you will not have a problem finding tenants for your property.
Another advantage is that the rental rates for industrial space are very reasonable, so you will be able to make a good return on your investment.
Finally, the government offers a number of incentives to industrial property investors, so you may be able to get some tax breaks and many other benefits.


Fifth, Agricultural real estate in Turkey:

Agricultural real estate in Turkey has many advantages, including the following:
-The climate in Turkey is good for growing crops, and the soil is rich in nutrients.
-Turkey is close to the main markets for agricultural products so that farmers can easily sell their crops.
-The government offers incentives to farmers which makes farming more profitable.
-There are many agricultural universities in Turkey, so there is a skilled workforce available to work on farms.
-Buying land in Turkey is a great option for many reasons. It can be used for agricultural purposes, and can provide a place to build your dream home, or even be resold for a profit later.
-Land prices in Turkey have increased significantly over the past few years, so it is a good investment.
-The process of buying land is relatively simple and there are many reputable companies that can help you with your purchase.
-The main advantage of buying land in Turkey is the price. It is more affordable compared to other countries and the quality of the land is very good.
-Also, there are no restrictions on foreigners buying land in Turkey. There are no complicated procedures to follow.
-Finally, if you decide to resell your land later.


Important tips when buying real estate in Turkey:

As with any real estate purchase, location is one of the most important factors to consider when buying a property in Turkey. So find the neighborhood in which you feel comfortable and close to amenities that are important to you.
It is important to have a good understanding of the Turkish real estate market before submitting your desire to buy a property.
Be sure to consult a real estate agent or broker who knows the market well and can help you make informed decisions about pricing and timing.
Find a place with high potential for future growth. A place where there are plans for infrastructure development or where there is already a growing community.


The most important Turkish cities for buying real estate:

Istanbul is the most populous city in Turkey and its financial and historical center. The city spans two continents, Europe and Asia, making it a unique destination.
Ankara is the capital of Turkey and its second largest city. It is a modern city with a rich history. It is also home to many universities and government offices.
Izmir is Turkey's third largest city and its cultural capital. The city is famous for its beautiful coastline, mild climate and friendly people.
Bursa is a large city located in northwestern Turkey. The city is famous for its green parks and mountains, as well as for its historical sites such as the Green Mosque.
Antalya is a popular tourist destination due to its beautiful beaches and Mediterranean climate.


Buying real estate in Turkey in cash or in installments?

If you are thinking of buying a property in Turkey, you may be wondering if you will do so in cash or in installments. There are pros and cons to both options, so it is important to weigh them carefully before making a decision.
The advantage of paying cash is that it is cheaper in the long run, as you will not have to pay interest on the loan. It can also be simpler and faster than getting a mortgage.
On the other hand, paying in installments can make it easier for you to buy a property that you may not be able to buy outright as it can also give you more flexibility if your financial situation changes constantly.
In the end, there is no right or wrong answer when it comes to choosing between cash and installment payments; it all depends on your personal circumstances.
This was a detailed report on everything you need to know about the real estate market in Turkey and the options it offers to buyers.

 

 

Related Blogs:


The latest news of the Turkish economy

Turkey tops the G20 in economic growth

Istanbul house prices increased 95%

The flow of investments from Europe to Turkey

Ways to invest money

Investment conditions in Turkey

Real estate investment opportunities in Turkey

 

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