Real estate prices have increased a lot lately, thus, real estate has become a more important investment tool in 2017 and 2018. It has become the most profitable option. The rate of increase in real estate prices over the past ten years has been in big cities such as Ankara, Izmir, And Istanbul, nearly 100 percent.
What should you pay attention to when buying investment apartments?
It is advisable to set the necessary budget for buying apartments for investment purposes, while moving away from bank loans as much as possible when buying such apartments, because of the high interest added on these loans, which are often equal to the expected investment profit or more, In addition to the possibility of difficulties in the regularity of payment of periodic installments, which may result in the imposition of other financial sanctions.
It is important also to note that the investment amount allocated for buying an apartment must be a surplus from the basic needs of the owner, because there is always a risk in the investment operations, and may get a loss if the investor suddenly had to buy the necessary liquidity.
It is not recommended to focus on the famous high-priced areas in major cities, but it is recommended to go to the developing regions and to under real estate development.
It is also necessary to research and investigate the reliability of the real estate company or the real estate broker before buying the property, and to check the price offered and specifications of the property, also to be sure of the technical issues related to the property in all respects, in addition to the legal situation and the form of registration in the registration of real estate records.
What are the most important tips for choosing apartments to invest in Turkey?
First: Under construction apartments: because the prices of apartments in Turkey, much different if they are ready or under construction, and it is known that waiting will increases properties prices.
Second: Apartments in areas that are booming and growing with a strong urban movement, which can be growing and rising constantly unlike other stable and full areas.
Third: The real estate agent must be a consultant. You must choose a real estate broker with experience and reliability in Turkish real estate. It helps you choose an apartment to invest in Turkey so that the investor does not fall into the wrong choice.