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Tips for Those Wishing to Own Apartments for Investment Purposes in Turkey

: 2017-04-15

Tips for Those Wishing to Own Apartments for Investment Purposes in Turkey
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What should you pay attention to when buying an apartment in Turkey? Where can you buy apartments in Turkey for investment? When can you buy apartments in Turkey for investment?

Buy apartments in Turkey

It is known that apartment prices have increased significantly in past years, so apartments have become an important investment tool and one of the most profitable means, the rate of increase in apartment prices in the last ten years in large cities such as Ankara, Izmir, and Istanbul, is estimated of a rate that reached 100%.

What should you pay attention to when buying apartments in Turkey for investment purposes?

It is advisable to set the necessary budget for the desired apartment, and to avoid as much as possible the bank housing loans during the purchase of apartments of this type, because of the high benefits of bank loans, which are often equal to or more than the investment profit of the apartment, In addition to the difficulty in paying installments in the event that there is no possibility of payment regularly and continuously.

It is also important to note that there will be no need for the amount allocated for the investment apartment and that this amount will not be required for other needs, so as not to lose this amount in times of extreme need, since it may be very difficult to sell the investment apartment In a short time if needed.

It is also not recommended to focus on the famous areas with expensive prices in major cities, but to go to developing regions and under development.

Edirne, Karkalla Ali and Taker Dag are among the most lucrative in this context, with profits over ten years now over 100 percent, as well as many other developing regions such as Lolaborghaz, Kocali, Yalova, and Çanakkale, which attracts investors from around the world and Arab investors in particular.                                

It is necessary to research and investigate the reliability of the real estate company or the real estate broker before buying the apartment and check the price offered and specifications of the apartment, and make sure the technical matters relating to the apartment in all respects, in addition to the legal status and the form of registration in the restrictions of real estate records.

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