Investing in commercial property for sale in Turkey can be a very lucrative activity these days. The country of Turkey and the opportunities it provides for commercial real estate investment has attracted investors worldwide already for many years. Turkey is an excellent example of a cultural and traditional rich heritage. That has always been a solid reason to attract massive numbers of people for visits, tourism, living, trade, and investment purposes, especially commercial real estate. The statistics have shown even a pandemic hasn’t stopped the graph from exceeding the figures upward.
The strong economy of the country offers excellent opportunities to investors. Buying Commercial Property in Tukey is a reasonable easy activity in comparison with purchasing commercial real estate in other countries. Investing in commercial real estate comes with many advantages. Various profitable commercial properties can benefit you by providing you a steady income over a long time. For investing in commercial properties, there are many options with various perks. You need to make this purchase a wise one. Investing in the perfect property from a specific category may result in excellent profitable returns. So, find the most suitable pick to invest your hard-earned money.
To invest in commercial property for sale in Turkey, there can be many spectacular business investment options to deal in.
The geographic factor has blessed the country with different climatic conditions and seasons. This factor helps in gathering several tourists in a pleasant season. The yearly tourist turnover is fantastic, helping the economy grow stronger every year. This massive audience needed to be settled down for a convenient stay at hotels. Hotels can be an excellent option for investing in commercial properties. It has a profitable income that revises over time. If your budget is limited, go for a 3,4-bedroom staying unit to cater to guests’ needs. Hire management for the hotel and enjoy the rental income. The Real Estate Sector in İzmir, is offering a lot of these opportunities. In Coastal resorts like Urla and Çeşme there are plenty of Boutique hotels and other commercial properties for sale. If you are looking for bigger opportunities, go for a luxurious hotel with all the basic and luxury amenities for your guests. Try finding places nearby beaches, cultural landmarks, or traditional & historical sites. Also, look for facilities like indoor and outdoor swimming pools, fitness centers, bus shuttle service, business centers, Saunas, premium bedding, and aesthetic interiors. It will help you enhance your rental income and make your mark in the commercial market.
Turkey has been blessed with delicious and mouthwatering Turkish cuisine. Tourists visiting the country from around the world want to explore the culture and eat flavorsome Turkish eateries. Investing in restaurants is a great way to generate streamlined revenue. The country has both European and Turkish cultural elements, so there are various cuisines you can opt into and make your restaurant successful. You can either invest in a small and economical restaurant at a busy spot or in fine dining at a serene and amusing place. Some visitors prefer extravagant dining, while others want to explore the area and taste the native cuisine. Choose the cuisine you want to offer your visitors and decorate the restaurant with that theme. You can also choose Italian or Chinese cuisine apart from traditional food. Give diversity to your menu and present the visitors with appetizing and delicious food. Appoint a head chef, hire management and enjoy the income while you sit and relax. Introduce Turkish delights and sweets on your menu. These are well known globally and a center of tourist attraction. Buying restaurants in prime locations will lead to more visitors and greater productivity.
Investing in shops and renting them out can be profitable for you. But for this, you must have a proper strategy and knowledge of the properties you want to invest in. You can buy a wide range of shops at acceptable rates even in larger cities like Istanbul, Izmir, Ankara, etc. Do your research and look for a strategic location that is easily accessible by all. Look for shops near a metro station or someplace people have to come across in their daily routine. Investing in shops at prestigious locations will generate a high return on investment. While selecting shops you want to invest in, observe the surroundings. It is illegal to sell alcohol 100 meters from any school or mosque. Study all the legal documentation and keep in check all the necessary authorizations. If you are buying a property to rent out, ensure it is refined and maintained. The more you improve your property, the higher its price will go. Also, you will be able to find tenants quickly. Everybody loves to have a modern and well-maintained shop.
There are multiple benefits of buying commercial property over residential. It is more profitable and gives a stable income with a faster investment return. The typical rental revenue of a commercial property is around 8-10%. However, the same for residential property is only 6%. In terms of repair, the homeowner is responsible for all the repairs. While in the commercial property, the shop tenant is responsible for all the taxes and repairs. Also, the leasing agreement for residential property is only one-year while the same for commercial property is for 5 to 10 years. Investing in commercial property is at a more specialized level. There are also other benefits of investing in commercial property. The Turkish government appreciates foreign investors buying hotels, restaurants, and shops by giving incentives and reducing taxation.
Turkey is a wonderful country with cultural richness and charming attractions. The pleasant weather and alluring scenes captivate tourists and residents alike. Because of its ever-growing economy, investing in commercial property for sale in Turkey has become a center of attraction for many investors globally. If you want to look for commercial real estate options or another business for sale in Turkey, you can always contact us. We have been serving numerous investors with excellent real estate services.