In 2021, Turkish real estate got a chance to reach a new level and successfully used it. The pent-up demand of investors and buyers from all over the world during the pandemic finally broke through to the market. Now flats are on a wave of popularity. The source – https://turk.estate/en/ – will tell you about the reasons for the demand for Turkish housing and how you can now earn money by buying flats in Turkey.
How realistic is it to make money on real estate in Turkey
Almost everyone who wants to buy flats in Turkey in the current economic situation is interested in making a profit later. Everyone wants to take the maximum benefit from the purchase. However, it is important to understand the real picture of the market in order to have sound expectations.
When buying a property under construction, the real profit may be about 30-40%, but not 60 or 100%. Rental income varies between 5-6%. In some cases, it is 8%.
Depending on the area and city, the profitability may vary. For instance, in Alanya, investments in housing under construction are more profitable. The market is still changing. New areas have appeared, that means new opportunities are opening up.
If you are considering the option of buying an apartment for resale, it is more competent to find a realtor who will help you navigate variants.
Tips for buyers of profitable real estate
The main advice for buyers of real estate in Turkey is not to give preference to properties in small development projects. If you buy flats, it is better in new buildings with a wide range of real estate.
The minimum ROI in real estate in new buildings is a year or a year and a half. In order for flats to become more expensive in price, the off-plan project must have a frame. Then you can buy housing with a profit of 30 or 40%.
Note! As an option for assessing the liquidity of a residential development project, the amount of supply of the secondary housing market. If there are a lot of ads on the facade of a building, then this property is not too popular.
As for rental income in Turkey, it is not always stable. Every year there are fluctuations, which are not easy to predict.
To buy a property in Turkey
Buying Turkish real estate is a valuable investment that will certainly pay off in the long run. However, in order to be guaranteed to benefit from the acquisition, it is necessary to approach the selection process of real estate competently. Turk.Estate specialists will help you find the best option. Agents with extensive experience in the Turkish real estate market will find an apartment according to your preferences and capabilities, as well as ensure the safe conclusion of the transaction.