Is Property Investment in Turkey safe?

Property investment is popular, but is it safe to buy in Turkey? Well, for someone who knows the system in Turkey , the answer is easy. Yes! Of course we will look at the topic from all angles and you can decide whether property investment in Turkey is safe. The most popular destinations of the World for investment have all unique traditions, rules which buyers accept as those locations pose security. I.e in the UK apartments are mostly for 99 years leasehold.

In Turkey almost all properties are freehold. Let us take a look at how property investment in Turkey works.

Land investment in Turkey

The beginning of each property is raw land of course. Turkey is a fertile country and in many everywhere you can see agricultural production is the main driver. So, let us begin with agricultural land investment.

For foreign investors the main rule is, after the authorities’ approval, you need to appoint a Turkish Citizen (We can help you with that) at notary office and give a POA. Then within 24 months you need to start the form of agricultural production we have declared in the beginning.

Here at MARE our aim is not agricultural production for you, and we do not need 24 months to get you the best profits possible. Dynamic Investment is ideal for this type of purchase.

Investment in apartments

Residential investment is pretty straight forward. Foreign investors can buy as many apartments as they want and they will all be freehold. The buying process is made of a few steps, however with us by your side it is going to be easy. For good residential investment in Turkey you need to find at least 3 of the below points in your target option to succeed.

• Apartment or villa, is the home in a preferable location?
• Is it priced correctly? Right price is usually around the market value of comparable options. The lower the better of course.
• Are locals buying in this area? If the area you are considering is full of options for sale or just a specific group is buying there, you may look elsewhere. We say in Turkey, buy like a Turk, win like a Turk. 
• In the area, is there change for the better in the pipeline? If it is a developing area, new parks, roads etc are in the way, then your investment will have better returns for sure.
• Are the property features attractive? For example if there is enclosed-allocated car parking, this property would stand out in most Turkish cities. Istanbul remains the most popular for residential investment, Mersin in our opinion is going to be the rising star of the next 5-10 years.
• What is the ratio of rented/owner occupied options in the area? A healthy ratio would be 30/70 respectively.

Residential investment is the 101 of investment, however you need to invest carefully considering all information on the market.

Please call for property investment in Turkey. After we note your requirements we will be assisting you thoroughly.