Real Estate in Turkey Luxury Apartments for Sale in Turkey | Page 2
High GDP: The GDP of Turkey is always on the rise. The GDP was around
822 USD billion in the year 2013. 60% of the population in Turkey is under
40 years of age; this makes it a major target for foreign direct investment.
Easy availability of finance: Banks and mortgage firms provide easy
finance options for people who are looking for investment in real estate in
Turkey. This allows them to buy the property on the spot and allows for
slowly paying off the loans. This makes apartments for sale in Turkey easily
available for those who are willing to buy and invest.
Slowly becoming an economic hub: Turkey is slowly getting transformed
into an economic hub which provides extremely modern shopping centers
and an easy access to 1.5 billion people who visit Turkey for different
purposes.
The factors mentioned above can make any person interested in luxury apartments
for sale in Turkey. Understanding these factors will show people that real estate
investment in Turkey can be really profitable and can lead to great benefits.
SWOT analysis for the real estate in Turkey:
SWOT analysis refers to strength, weakness, opportunity, and threats. This kind
of analysis is used to analyze the real estate market in Turkey.
Strength: Turkey is a leading country in Europe, where investments make
a huge impact on the growth of GDP. There is a potentially strong control
over finance and banking. The companies of construction have global
networks and a good international reputation. This grants easy access to
mortgage facilities. Each year the government maximizes buyer incentives.
Weakness- It is difficult to acquire land and get permits for construction as
the process is complicated. There are a large number of old houses
available and these houses don’t meet the requirements of a mortgage.
Opportunities- Residential places and spaces for commercial are in huge
demand internally. There are many projects approved for the up gradation
of slum areas into new housing colonies. The new regulations for
earthquake and any kind of natural disasters have made the way for quality
constructions. The opportunities for residential houses and office space
have increased tremendously due to a large number of tourists and
investors inflow. This means that every day there will be a bigger number
of houses for sale in Turkey that would cater for the needs of whoever is
interested in buying a property in Turkey.
Threats- Most parts of Turkey face threats of earthquakes and natural
disasters which can scare investors off purchasing property
there. Moreover, the market is more strained in comparison to other mature
real estate markets like in the UK and the US.
Why should you invest in real estate Turkey?