Real estate ownership in Turkey requires a lot of effort, especially for those who want to own it for the first time, or for large investors. The Turkish real estate market is changing rapidly, and everyone in this field needs a lot of awareness of the market’s issues and its future directions. If we look at the amount of information available on the Internet about ownership, investment or even real estate in Turkey, the multitude of information raise doubts about the credibility of companies that put this information on social media and accounts.
Also Read: أهم نقاط قوة قطاع العقارات التركي
Certainly, real estate companies have a great role in providing correct information to people interested in real estate investment matters, and spreading investment awareness regarding Turkish real estate. That is why we wrote this article that contains a set of distinctive information regarding the process of real estate ownership in Turkey which every real estate owner will need, in the stage of ownership, or during investment in Turkey.
Most common misinformation about real estate ownership in Turkey
You need a lot of money to enter the Turkish real estate market
One of the most common rumors and misconceptions among a large group of people about the issue of owning real estate in Turkey is that the prices of Turkey’s real estate are very high. Also, many of those who are interested in real estate investment think that the cost of entering the market is very high. But that is not true. The most important of these points is that you have sufficient awareness, as well as a good understanding of the market. You can start the process of investing in the Turkish real estate market to an amount of up to $ 50,000 by investing in university housing projects, or housing projects in general, which will provide them with a good return. The reason for failure to invest is by many large real estate investors; This is due to the lack of awareness of market aspects, and the lack of adequate understanding of future trends for the real estate field in Turkey. In addition, the focus by investors in owning real estate in Turkey is on the amount of the investment, not the type.
Real estate companies make big bucks
Certainly, real estate companies, whether in Turkey or anywhere in the world, they work to make money, but it is not the idea, or the image that is being promoted, and stuck in people’s minds. This is due to the commissions obtained in the real estate sector, as they differ between real estate companies, so there is no fixed commission, but the average for this commission is set at 3% and is paid by the construction company for the project and not from the client or investor. In addition to the many other costs that are incurred by real estate companies in the real estate market in Turkey, which makes the profit margin small, including the exorbitant taxes taken by the Turkish government and other expenses related to selling matters.
Quick profit in the real estate market in Turkey
Many people with limited experience in the field of real estate investment in Turkey are looking to earn money, and profit quickly, which makes them take their decisions in a hurry, and often end up incurring indispensable losses. Patience and time are the key to success in the Turkish real estate sector, as it is known that this market is growing and developing more than other investment sectors. It also provides a good return on investment in the long run. It is better for investors to focus their efforts at first on understanding the mechanism of the market, and then moving to the stage of choosing the property from among the best, in terms of quality and region.
Real estate companies are similar
One of the important things is your choice of an ideal real estate company that you will deal with when you decide to own a property in Turkey. Not all of these companies are the same and each of them differs from the other in terms of the quality of the services provided, so it is good if you want to invest not to rush in your choice. There are many real estate companies that work to provide their services with high quality, for everyone who wants to invest in the real estate sector, whether by owning an apartment, villa, or another kind of property.