Real Estate in Turkey Real Estate Investment in Istanbul | Page 2
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
the investment property that suits you best in Turkey so that the investor does
not mistake the choice.
Investment apartments in Istanbul
Apartments prices in Istanbul has increased significantly in recent years, so
apartments have become an important investment, but the option of searching
for investment apartments in Istanbul is one of the most profitable options, and
the rate of increase in apartment prices during the last ten years in Istanbul
reached 100 percent.
What should you pay attention to while buying investment apartments?
- The purchase budget allocated for the desired investment apartment must be
determined.
- Don’t think of residential bank loans with added benefits when purchasing
apartments of this type, the high-interest rates, which are often equal to or more
than the expected investment profit, may also cause difficulties in paying regular
installments, which may be resulting additional sanctions.
- It is also important to note that the amount allocated for the purchase of the
investment apartment, is supposed to be a surplus of the basic needs of the
owner, out of caution, there may be a loss if the investor suddenly had to sell,
and the same sales are difficult to implement quickly.
- It is also important to investigate the reliability of the Real Estate Company or
real estate broker before buying, check the price offered and specifications of the
apartment, and also check the technical matters relating to the apartment in all
respects, in addition to the legal status and the form of registration of real estate
records.