| Date: | Thursday, January 12, 2023 |
Investment options vary in the Turkish city of Istanbul, thanks to its strategic location.
Important tips before starting your investment in Istanbul:
Investment options vary in the Turkish city of Istanbul, and thanks to its strategic geographical location and the importance of the city on the economic level and the tourism sector, it is attracting foreign investors and Arab businessmen. In recent years, the real estate market sector in Istanbul has witnessed a wide activity, which contributed to attracting foreign investors towards real estate investment.
Real estate investment in Istanbul:
The interest of Arab investors focused on searching for apartments for sale in European Istanbul and for the best hotel apartments in Istanbul, in both its Asian and European parts. Businessmen also preferred to search for villas for sale in Istanbul with a view of the Bosphorus Strait. It is known that the prices of villas in Istanbul overlooking the Bosphorus Strait and the Golden Horn are high compared to their prices with other regions, but at the same time they are witnessing an increasing increase on an annual basis. Some businessmen consider this The type of investment is the most successful.
If you are planning to enter the real estate market in Istanbul, you must see some real estate advice provided to you by the FCC Real Estate Investment Group, because the basis for the success of any investment is full knowledge of the sector in which you intend to work, and in this context we put in your hands our long experience in the real estate market. We offer you the most important tips that you must follow before starting your investment in Turkey.
Real estate tips:
1- Choosing large cities with a large population, due to their stability, and we advise you to start your investment from the city of Istanbul, as it is the capital of the economy in the country and the largest city in terms of population in Turkey. As for the choice of tourist cities, for example, it is an incorrect choice, because their real estate is linked to rapidly changing indicators
2- Focusing on the area of the apartment well, as apartments in the 2 + 1 and 3 + 1 models are the fastest selling and renting, while apartments in the 1 + 1 and 4 + 1 models have fewer chances of selling and renting.
3- Avoid buying an apartment on the first or last floor. Focus your choice on the middle floors, as they are more profitable for sale and rent.
4- If your investment is in rent, then the annual profitability return in the city of Istanbul, for example, ranges between 6-10%, and it rises in the case of tourist rental.
5- It is necessary to focus on the real estate area and the services available in it from the transportation network and infrastructure, as these are the most influential factors in increasing the annual profit rate.
6- Purchasing apartments under construction will provide you with a 35% increase in the price of the property after its completion.
7- Make sure that your transactions are in Turkish lira, in order to avoid exchange rate changes against other currencies.
8- If your goal of buying apartments in Istanbul is to obtain Turkish citizenship, we recommend that you go to commercial real estate such as office apartments, hotel apartments or shops, as they provide you with high profitability and most construction companies offer rental guarantees for several years. In this case, you can benefit from the guaranteed returns, even if you wish to resell the property after three years have passed. Here it should be noted that the owner of the property applying for Turkish citizenship is not entitled to sell the property until after three years have passed since its purchase. When reselling the property, you will get a profit return from selling the property between 25-35% of the capital.
9- In the event that the investor’s capital is large, we advise him to go towards the largest investment, which is the construction projects, where he can buy a piece of land suitable for construction in an area close to transportation and public facilities, and he starts investing from the first steps, it is possible to build a hotel or a commercial complex and even a residential building And all these investment options return him with perfect profit.
Investment options vary in the Turkish real estate market , and between residential and commercial real estate. After defining the investment portfolio, the investor must take real estate advice from those with experience in this field. We, at FCC Real Estate Group, put in the hands of our valued customers years of practical experience for our team, and we always strive to gain your trust and ensure the success of your investment.
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