When it comes to answering the very question: “How to find the best property for investment in Turkey?” there are certain parameters to help you filter your property search effectively. Intended purpose, budget, expectations, region or city, and many more like these play a significant role while seeking the dream real estate as a foreign investor.
Besides, to buy property in Turkey, you need to be familiar with the legal procedures to undergo a smooth purchase process. Like every other country, Turkey has some conditions and regulations besides unique investment opportunities for foreigners.
For example, Turkish citizenship by investment chance has been much more affordable, thanks to the decrease by the Turkish government in 2018. And thus, foreign property buyers have had the privilege of getting Turkish citizenship for just over $400.000 real estate investment in Turkey. That government incentive has remarkably supported the foreigners to buy real estate in Turkey and get a Turkish passport for several purposes.
As Bari Global Investment & Turkish Citizenship Firm, we will be dealing with the issue of finding the best property for investment in Turkey for foreigners in this article.
Best Property for Investment in Turkey: Find It At 4 Steps
Let’s admit that it is tough sledding if you want to succeed in it with no fail. That’s why it is important to make a list of needs, demands, expectations, such as return on investment or rental guarantee, property type, and city or region determination, etc. The articles can be added more. But to name a few, these are the most prominent factors that should be regarded before deciding to buy property in Turkey.
Because the road to the best property for investment in Turkey passes through the points arrayed above. And if you are ready for high-profit real estate investment in Turkey with all other benefits aside, let’s get it started!
Read our article titled Things You Should Know Before Investing in Turkey 2022 and have knowledge about Turkey real estate sector and investment beforehand.
1. Which One: Residential or Commercial?
The very first thing you should decide is the type of property you want to buy. Both residential and commercial properties can be suitable for profit gain. However, if you plan to reside in Turkey with a residence permit or Turkish citizenship acquisition, any sort of residential real estate will be the most convenient option for foreign investment.
Besides, as to the best property for investment, you can search for the value-gaining districts and neighborhoods in Istanbul or other provinces of Turkey and invest your money in a property providing a return on investment (ROI) in the short term.
On the other hand, a store located in a central location could be a great choice for your investment idea. Any commercial store offers a profitable return to its buyers, whether they work the place by themselves or lease it out to someone.
2. Set a Budget
Before investigating the best property for investment in Turkey, you must set a budget and be much more focused on that price range to find your dream property as soon as possible. In Turkey, over $400.000 in real estate comes with the Turkish citizenship opportunity. Therefore, you can benefit from the advantages, such as multiple citizenships, visa-free travel to 111 countries, and exemption from VAT with at least worth of $400.000 property.
If you have a lower budget, you can choose the developing regions of Istanbul and make an affordable investment that will bring you high rental demand quickly. In both ways, you have lots of pros as a result of your Turkey real estate investment.
3. Decide on the Location
Location is one of the most critical issues while looking for a property to buy. At the heart of the city, or away from the center, near the main arteries, or outside of the city, there are some key points to take into consideration before acting. Moreover, location is a determinant factor affecting the price of the property considerably. So if you have a limited budget, you should prefer the out-of-the-city spots to buy property in Istanbul.
But, if you demand a property implemented in the city center, which is the junction point of job opportunities, different events, social activities, cultural hubs, and more, you need to think bigger.
4. Choose the Property Type
What kind of property you desire is a lifetime decision, especially if you want to live in it. Because finding the best property for investment that can also meet your needs and expectations fully will make you happier than ever. At this point, your marital status and having children around may require you to purchase a property with a private garden, swimming pool, or at least a playground near the complex.
If you demand a fully private life in your new living space, you can prefer a private villa type that makes you and your family feel exclusive. Or, you can take a look at the Bosphorus view apartments, penthouse options, and residences to enjoy Istanbul without compromising the city life. However, what really matters is the happiness and joy that you share with your family together at the end of the day.
If you need legal guidance for property purchase in Turkey, visit our blog page titled Legal Details You Should Know About Buying a House in Turkey and get detailed information.
Buy the Best Real Estate in Turkey with Bari Global Guidance!
If you make up your mind to buy the best real estate in Turkey with these steps, contact Bari Global now and get full legal support and investment advisory without dealing with the complicated procedures!
Frequently Asked Questions
1. Where is the best place to buy property in Turkey?
Turkey has lots of profitable provinces in terms of property investment. The leading city is Istanbul, apart from the others. Ankara, İzmir, Antalya, Yalova, and Trabzon follow the metropolitan city one by one.
2. Is Turkey a good place to invest in property?
Turkey is one of the most affordable European countries when it comes to property investment and citizenship acquisition. Thus, foreign investors turn their heads to the Turkish market every passing day.
3. Is it easy to buy a house in Turkey?
Yes. Turkey is a welcoming and supportive country for foreign investors. Our country provides several ways to encourage foreign property buyers with price advantages and privileges.