Seven steps to real estate investment in Turkey

What are the steps to invest in real estate in Turkey?

This comes after Turkey’s 2012 amendment of the law on foreigners’ purchase of a real estate in Turkey, in the wake of the high rate of purchase and demand for Turkish real estate, and the qualitative recovery of the Turkish real estate market in terms of foreign purchases.

The Turkish real estate market has proven to be one of the best in the last decade, outperforming in several different areas.

Therefore, it is necessary to stop owning real estate, and with its famous experience in the Turkish real estate market, it shows investors looking to invest in real estate in Turkey the most important steps to ensure a safe and successful real estate investment. It requires thoughtful steps and a careful economic feasibility study, through which points are placed on letters, knowing the roadmap for investors, and moving forward towards a successful investment project.

The most important steps for a successful real estate investment in Turkey:

1. Studying the reality of the Turkish real estate market

Before investing in each sector, investors should carefully study the actual market situation in this sector, which applies to the Turkish real estate market as a broad and multi-characteristic investment sector.

In light of this, those wishing to invest in the Turkish real estate market must do good research on the market, understand its facts and size, and get to know it as the first step toward a successful investment, so that they can make the most suitable, safe and profitable choice.

For this reason, those wishing to invest in real estate in Turkey, when searching for the reality of the Turkish real estate market, should be aware of the following:

• Understand the legal basics of investing, buying, and selling real estate in Turkey.

• Understand how the Turkish real estate market has performed over time.

• Monitoring the factors affecting the Turkish real estate market.

• Determining future infrastructure projects that will directly affect the real estate market.

 2. Determine the real estate investment strategy

After studying the reality of the Turkish real estate market, the investor must start developing an investment strategy by defining the allocated budget and the period of time during which the investor wants to start making profits. If the investor wants to make long-term, short-term or medium-term investments, the investment in the Turkish real estate market is related to the size of the allocated budget, in addition to the period determined by the investor.

3. Choosing the most suitable real estate advisor

Real estate brokerage companies (real estate consultants) are the cornerstone of the Turkish real estate marketing process, so those wishing to invest in the Turkish real estate market should deal with these companies.

The characteristics and capabilities of these companies are different, in addition to their experience in the Turkish real estate market, investors should choose the most famous and most experienced companies in order to accurately and correctly secure real estate investments.

In order to determine the most suitable real estate consultants in Turkey, it is necessary to investigate a series of qualities that these companies must possess:

• Legality of work (the company has a legal work permit issued by the Turkish government to work in the field of real estate brokerage).

• The company’s balance of previous clients, their opinions, and their satisfaction with the company’s transactions.

• The duration of the company’s work in the Turkish real estate market.

• The size of the project and the quality of the real estate investment opportunities offered by the company.

4. Determine the best cities for real estate investment in Turkey

Cities in Turkey are an important factor influencing real estate investment decisions in the country, in addition to the nature and quality of investment, which is related to the financial budget set by the investor.

For example, when an investor wants to invest in residential real estate, it is better to buy in Istanbul, considering that real estate in Istanbul is more expensive than in other countries in Turkey, but has higher rental income and is easier to sell with high-profit margins for resale.

If investors want to buy tourist properties to invest in tourism and entertainment, you will find the coastal city of Antalya as well as factories and retail.

5. Determine the most suitable area within the city

This step is based on the previous step for real estate investment steps in Turkey, with the same objectives and budget set by the investor. If the goal is to invest in residential real estate, as in the previous example, the investor must choose Istanbul as the best option, and then Başakşehir is famous as the best area.

This does not preclude that there are various other options that suit the different budgets of clients, as the real estate market is characterized as a flexible and large market that offers many options that meet the aspirations of all foreign and local investors.

6. Report on the time and stage of buying the property

It makes a big difference for those wishing to invest in real estate in Turkey, as the properties in the pre-construction stage are at lower prices than the properties that are in the under-construction stage, and the price of properties in the under-construction stage is lower than the prices of ready-made properties.

7. Make the final decision and start the implementation phase

This step is the culmination of all the previous steps that passed in the correct and proper manner, by making the decision to buy the right property and start implementing your investment plan successfully in Turkey.

FTM Real Estate Tips for Real Estate Investors

Perhaps the biggest advice that FTM Property can give to those wishing to invest in the Turkish real estate market, is for the investor to shorten all the previous steps as soon as he communicates with the FTM team.

The team of FTM Property, with its size, organization, professionalism, and more than 10 years of experience in the Turkish real estate market, saves time and effort on its investing clients, by providing a complete and integrated package of services up to the start of investing immediately in the best and most profitable opportunities available.