Foreigners expect good return on their real estate investment in Turkey whether they apply for citizenship by investment program or not. Return on investment depends on the appreciation of the property value and the rent income.
The most important thing is to buy the property in Turkey at a good price. Foreigners need to make a good market research of both projects and second hand properties to make the best investment. Buying property with a good market research can save you up to 10% of the investment value. For $400,000 Turkish citizenship by investment, 10% makes a saving of $40,000.
When it is time to sell the property, the appreciation of the property value depends on many factors. In short, the price of property depends on the demand and supply. It is very important to choose a property that will be in high demand, such as city centers or famous touristic places. Some examples of great city center areas for property investment in Istanbul are Beşiktaş, Şişli, Beyoğlu, Kadıköy, Ataşehir and Bostancı. Some examples of touristic areas are Antalya, Fethiye, Bodrum and Çeşme.
The mortgage rate in Turkey is a very important determinant of the demand for property. If mortgage rates are low, the demand is higher and the prices are also higher.
The second type of return is the rental income from the property. You will rent income and the rent income depends on the market conditions. Properties with high sqm, centrally located and in new conditions yield more rent return in Turkey. In Turkey, rent is adjusted according to the inflation every year.
In summary, foreigners want to earn good return on their property investment in Turkey. Market research is the key to the success. Work with qualified real estate brokers to give a better informed decision about your investment in Turkey.
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