Important Tips Before Investing in Turkey
Do you want to invest in Turkey and don't know how to start? Here are some important tips to help you take your first steps on the path.
Investment in Turkey has become in recent years a trump card in the hands of many Arab and foreign investors, as it is a strongly emerging country as a global political and commercial center and is growing in the direction of making it one of the strongest economies in the world in the coming years.
This means huge projects and various investment opportunities that may not be repeated easily, but at the same time it means a lot of risks and you may fall into loss if you do not plan your investment well.
Therefore, we offer you this set of tips from our long experience in Turkey…
First: Choose the investment model that has previously been successful:
When choosing the field in which you intend to invest, carefully search for the areas that achieve the best-guaranteed profit. In this regard, studies have proven that real estate investment in Turkey is the best option for a safe and secure investment and a satisfactory profit return, as home sales are rising steadily, which increases the demand for investors in the sector Real estate is very popular in Turkey.
Second: Determine your investment goal:
Are you looking for a big profit, even if it has a percentage of risk?
Do you want a quick and secure investment?
Or do you aspire to a huge long-term investment with a high return on investment?
Depending on your goal and current capabilities, you can more realistically determine the form or stage of the real estate investment that you will be looking for.
For example, if you aspire to long-term and high-profit investment, you can invest in huge projects that are still on paper and under planning, or you can invest in buying lands that will increase in value over time, but if you aspire to a small and quick safe investment, you can turn towards Buying and renting a property, especially in light of the current rise in the value of home rents, with rates that may exceed 100%.
Third: Choose your investment location carefully:
Where will you put your investment? and with who?
Two very important questions to determine who you will direct your investment too, starting with the investment location in terms of the city: Istanbul, Antalya, Ankara...etc, then the residential area according to each city and studying the previous investment models carefully, and finally even the real estate entity or real estate developer that you will work with And about the construction company based on the project and its reputation in the market, and research and inspect its old projects that have been completed, their delivery dates and more.
Fourth: Start with a proper legally plan:
Carefully study all the conditions and legal procedures necessary for being an outside investor on Turkish territory, and obtain specialized legal advice either directly with legal authority or through your investment broker, and make sure that all conditions and legal papers for the project you intend to invest in are available.
Fifth: Build prior experience before embarking on realistic investment:
If you live outside Turkey, visit in advance to tour general trade fairs and conferences specialized in the nature of your investment, build a network of extensive relationships that will help you find your business partners or future customers, enabling you to shorten great strides of effort and long months of work.
Edited By Aldar Real Estate ©