Turkey is one of the big countries whose properties are purchased by many investors from all over the world. Turkey’s real estate market has growed a lot in the recent years and this growth does not seem to stop thanks to the investments made. Many people invest in Turkey since the prices are pretty low when compared to the other countries. If you are one of these people that have invested or about to invest your money in a property, we would like to give you some tips so that you can make profit from it easier.
Buy a property with a low price. This may seem a little bit bizarre perhaps, however, if you repair the property and transform it into a modern and good quality apartment or villa, you may be able to increase the value of your property. Fix everything that seems broken or whatsoever; cabinets, windows, doors, walls… Afterwards, you can rent it for a very good price or even sell at the right time and make good money.
Rent the property during vacations. If you invest in places that are perfect for summer time such as Bodrum, Izmir and Antalya, vacation home rental plan is absolutely perfect for your investment plan. Even though home rentals during summer run for a short period of time (up to 16 weeks), your investment may make a very high profit since the prices during summer are high when compared to the other seasons.
Do you know that you can gain profit from your personal residence in Turkey? If you have bought a property at a low price and if you are thinking that it is better that you change your residence, consider selling your property for a better price! Contact a professional and run the process. No worries, this is a great way to sell your below market value property. You may buy a personal residence and turn this property into a rental property as well.
Most investors worry that investing in a foreign country can be risky. Consulting a professional and pick an exact location for your investment can speed up your investment process. The Turkish real estate market offers the investors many different type of properties that can turn your investment into a very good income in the future.