Turkey is not a place only for holiday or buying products for import.
Turkey is also offering attractive Real Estate projects for investment. We strongly recommend you to contact Turkish Property and Real Estate Professionals for profitable investment opportunities.
While many people think of Turkey as a holiday destination, if you’re serious about investment you need to get out of the place-in-the-sun mindset and look to the areas where internal demand is driving prices.
Foreign demand for property in Turkey can fluctuate, which is why it’s important to focus on areas where internal demand is strong. Below, we have explained two premier investment areas: Istanbul, and Bodrum, especially why each is a good investment, and where investors should focus.
Middle class earning power is also growing by around 10 percent each year, which translates to a GDP growth of around 10 percent in this demographic. Compared to the Eurozone this is phenomenal growth, and of course this also has a huge impact on the local housing market.
If we look at Istanbul, there are several areas that are prime for investment.
Investors will also earn 6 percent rental income right off the bat, making this a very smart Istanbul investment.
Ataşehir, the very center of development region in Istanbul, will reap the associated benefits. The area already has links to the metro and top facilities, including private schools hospitals and leisure facilities.
Prices are currently very affordable. However, with a metro station the central city is now faster 30 minutes, as opposed to current times of over an hour – prices will increase sharply. Bahcesehir will also be connected to Istanbul’s new airport by a major motorway, which will allow travel of 20 minutes.
There are a number of affordable projects currently under development and we recommend investors explore. The government has a stake in some of the development, ensuring extremely low risk and a cap on prices during the development stages. If you’re focusing on speedy capital growth over the next three to five years, Bahcesehir is definitely worth a look.
Recently in Turkey there’s also been a shift in the attitude to work, and the number of people who work from home is growing. When you add increasingly frequent flights from Bodrum to Istanbul to the mix, you get a growing population of Turks who are moving from the city to Bodrum to live and work.
These factors have contributed to a demand for quality homes in Bodrum, and because the demand is internal it means investors are protected from the vulnerability to changes in foreign buying trends. So for a viable investment land and property in Bodrum is a smart idea for sure.