Investing in luxury real estate in Türkiye Turkey is a destination that attracts those wishing to invest in real estate in Turkey, especially in the luxury real estate sector. This growing interest is due to a number of factors, including location, diversity of options, government incentives, and others.
What is luxury real estate in Türkiye?
They are high-quality properties in terms of location, designs, construction, and quality of cladding and finishes using luxurious building materials. Luxury properties are known to be expensive compared to other types of Turkish properties.
What are the types of luxury properties in Türkiye?
Luxury real estate is divided into several types:
Residential apartments:
It is characterized by its large areas and types ranging from one room and one hall to seven rooms and two halls, including loft apartments and penthouses
Luxury villas:
It is usually found on the banks of the sea, lakes, and in the heart of forests and gardens.
Hotel apartments:
It is considered a preferred option for those wishing to obtain the services of an apartment similar to a hotel, but with privacy, away from the hustle and bustle of hotels, and it is usually at 4 and 5 star levels.
The most prominent areas that include luxury real estate in Istanbul:
Beşiktaş:
It is located in the middle of the Turkish city of Istanbul and borders the Bosphorus Strait. It is known as one of the most luxurious areas of Istanbul and Turkey.
Maslak:
It includes luxury apartments within towers overlooking the Bosphorus Strait and the Asian side, and is administratively affiliated with the European municipality of Sariyer in Istanbul.
Kadıköy :
It is known in Arabic as “Qadhi Village” and is located on the Asian side, extending on the banks of the Sea of Marmara and near the Bosphorus Strait. It is famous for its luxurious infrastructure of roads, bridges, tunnels and buildings.
Beykoz:
It has charming banks and coasts on the Bosphorus Strait and the Black Sea north of Istanbul and is home to luxury villas and summer resorts.
There are several reasons and motives that make you choose to buy a luxury property in Türkiye, and these reasons are:
First – Strategic location:
Türkiye is located at a global crossroads between the continents of Asia and Europe and is close to the African continent, making it a huge commercial and tourism center at the regional and international levels.
Second – Real estate diversity:
Türkiye offers a wide range of luxury real estate options, including apartments in the heart of major cities as well as luxury villas located on the seashore and in the forests.
Third: Government incentives:
The Turkish government offers many incentives to foreign investors, especially real estate and investment residency programs and obtaining Turkish citizenship.
Fourth – Investment returns:
Investing in Turkish luxury real estate provides high returns in the long term, whether by renting or reselling the property.
Real estate investment standards in Türkiye:
- Location: Location is one of the most important factors affecting the value of the property in Türkiye, so you must choose a property within an area with a high demand for rent or sale
- Quality: It is necessary to ensure the quality of construction and materials used in the property.
- Market: The Turkish real estate market must be studied well before making a real estate investment decision.
- Regulations and Laws: It is recommended to familiarize yourself with the laws and regulations regulating the real estate investment process in Türkiye.
- Services: You must ensure that all major services are available in the area surrounding the property.
What are the risks of real estate investment in Türkiye?
Real estate prices may be affected by local or global market fluctuations
It is possible that changes in the policies of the Turkish government will be affected by the reality of real estate investment.
The economic situation also plays a role on investment risk and investment return.
Important tips for real estate investors in Türkiye:
It is recommended to seek help from a real estate consultant with long experience in the Turkish real estate market.
Verify all documents related to the property.
Develop long-term investment plans.