|Thursday, January 12, 2023
Real estate investment in Istanbul offers various real estate opportunities, with high profit returns, and they are.
Should I buy a property in Turkey, ready or under construction?
Real estate investment in Istanbul offers various real estate opportunities, with a high profit return, represented by the search for apartments for sale in Istanbul within high-end residential complexes ready for housing, in addition to buying apartments in Istanbul within projects under construction, not to mention commercial real estate such as shops, offices and the best hotel apartments in Istanbul .
Istanbul real estate has recently witnessed a great demand from Arab and foreign investors, as some went towards buying ready -to-move- in apartments in Istanbul , and another team went towards buying houses in Istanbul within projects under construction.
In this article, we review with you the advantages of both ready and under construction properties, so that you can determine your optimal options before starting your investment in Turkey.
Advantages of buying ready-to-move-in property in Istanbul:
Many Arab investors looking for apartments for sale in Istanbul prefer to buy in ready-to-move-in projects, due to several reasons, including:
You can receive the apartment and move to the residence after signing the contract and paying the down payment if the purchase is in installments. And when you visit the projects, you can see the apartment and inspect it on the ground, and therefore what you see is what you buy. As for the title deed, it is ready and the property is registered in your name in the Tapu, and this is one of the most important conditions if you are seeking to obtain real estate residence. And if you want to rent the apartment and benefit from its profitable return, you can rent it immediately after receiving it. It should be noted here that the price of the ready property is higher than the property under construction.
Advantages of buying a property under construction in Istanbul:
When the goal of buying real estate in Istanbul is for investment, it is advised to move towards projects that are under construction, due to the investment value that rises with the passage of time and progress in the construction stages. The profitable return will be high upon completion of construction work and in the event of resale.
The options available are many, in the projects that are under construction, you will find more options in terms of location, floor, area, and view. You can make the adjustments that suit you.
As for the price of the property under construction, it is cheaper than the ready property, and it allows the possibility of installments with flexible payment plans with higher discount rates for cash payment.
And if the goal of the purchase is to obtain Turkish citizenship, and buying a property in Turkey within a project under construction in this case is a good option, because one of the conditions for obtaining citizenship is that the property is not resold until three years have passed, and here the investor can take advantage of this condition until the work is completed Construction, reselling the property and achieving high profits of between 35-45% of the value of the property.
The most prominent government construction companies in Turkey:
Emlak Count Company:
It is one of the largest real estate developers in Turkey , and it belongs to the Turkish Urban Development Administration and is the helping hand of the state. Emlak Count was established in 2002. The company is trying to take action steps depending on the consumer’s need, and seeks progress and development through the purchase of lands in vital and promising areas and their reconstruction . The company's capital is about 3.8 billion Turkish liras. Between 2003-2017, the company established nearly 130,000 housing units distributed over 132 projects, and this number is huge compared to other companies.
It is a government company for the construction of housing projects. The company presents its projects that work on a long-term strategy aimed at providing housing for people with medium and limited incomes, through an integrated partnership with the private sector. The possibility of installments for long years between 10-15 years.
Toki also chooses important strategic locations for the construction of its projects, and the project is built according to the best conditions with high-quality cladding and finishes.
If you are looking for apartments for sale in Istanbul for the purpose of investment, or looking for villas for sale in Asian Istanbul with a view of the Bosphorus Strait to spend your annual vacation and recreation, we at FCC Real Estate Investment and Development Group offer you the best ready-to-move- in and under-construction projects in Istanbul and we have villas and offices And hotel apartments and shops in vital strategic locations. It is enough to contact us to take your first step towards your successful investment.
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