Rental yields in Turkey – Advantages of real estate investment in Turkey
Rental Yields in Turkey.. With each passing year, real estate market investments in Turkey double, as they offer the most profitable returns to investors. Moreover, with continuous development in Turkey, it has turned into a bright torch attracting tourists and investors. In this article from Ebla Real Estate, we will talk about real estate investment and the rental yields in Turkey.
An introduction to the rental yields in Turkey:
One of the most important features that motivate foreign investors to invest in Turkey is the return on investment. Turkey’s real estate market investments grow every year since they provide the most beneficial returns to investors.
Investing by renting real estate in Turkey:
Rental properties are a typical kind of real estate investment in Turkey. Moreover, real estate is a good source of regular income.
The procedures for renting a property in Turkey are easy and quick. It is done by the agreement of the two parties, the owner of the property and the tenant. Moreover, they determine the duration and value of the rent in the contract.
Advantages of owning a rental property in Turkey:
- Stable source of income.
- Ease of finding tenants.
- Easy to sell residential properties, especially if they are in a high-class area.
- Having a place to live when you visit Turkey.
- Facilities provided by the Turkish government.
- The possibility of applying for Turkish citizenship
- The possibility of selling the property at any time.
Rental Yields in Turkey:
The annual rental yields in Turkey ranges between 5% and may reach more than 12% of the property value, if the rental is annually for the unfurnished apartments.
However, for the furnished apartments, the annual rental yields in Turkey ranges from 5% to 10% of the property value.
Moreover, renting a tourist apartment gives high profits and returns, ranging between 10% and 15%.
In addition, the type of property plays a big role in the percentage of financial returns.
The property may be residential, which is the most popular and safest in general.
Furthermore, the property may be commercial and no less important than the residential property in terms of profits.
Factors that raise rental returns of real estate in Turkey:
The profits on real estate investments in Turkey vary depending on several factors, the most important of them:
- Property Location, The investor should choose and purchase the right property, which can provide investment success in the future.
The location of real estate in Turkey plays a major role in increasing the demand for it.
Moreover, the location contributes greatly to raising the value of the property and increasing.
Thus, the real estate investor must choose an important city in Turkey and a strategic location in the city.
Among the most important strategic cities in Turkey, Istanbul, Bursa, Antalya, as these cities are a center for investments and tourism.
Additionally, the investor must choose a vital area where services, transportation, administrative and recreational facilities are available, such as Osmangazi and Nilufer in Bursa.
- The tourism factor affects the value of the rental property. Therefore, choosing a tourist site increases the importance of the property in Turkey.
- In addition, relying on an approved real estate company in Turkey when buying a property for investment is a very important factor.
Ebla Real Estate services:
Ebla Real Estate Company provides all real estate services for those wishing to buy a rental property in Turkey.
We offer perfect properties in the most important tourist neighborhoods.
Ebla real estate also provides the best investment projects.
In addition, we carry out buying and selling procedures legally for the valued customers.
You can visit our website or leave a message and you will be contacted by the specialized Ebla Real Estate team.
Edited by: Ebla Group Real Estate
