Many of us turn to various investment instruments to make the most of the money we have at hand. These generally include gold, foreign exchange, securities, stocks, and real estate.
To achieve profitable results in all investment instruments other than real estate, one must correctly predict when to buy and sell, as well as be financially literate and follow the political agenda.
Real estate investment, on the other hand, is the preference of those looking to stay in a safer harbor and those expecting high returns in the long term.
The issue of when and where to invest in real estate in Turkey also requires close monitoring of the sector. Real estate consultants and online platforms engaged in buying and selling real estate can be the right sources to start with.
With any real estate investment you make within the country, as long as there are no very radical, unexpected political and economic developments nationwide, you can predict the average return on investment and your expectations.
Whether it’s for rent or for buying and selling later on as property prices rise, by knowing the market realities, you can easily implement an investment plan.
Real estate and property investment abroad have different dynamics. The reason for the preference for this investment method, which is currently very trendy, is the attractive rental yields tied to foreign exchange and the economic problems experienced in our country.
What are the Advantages of Making Real Estate Investments Abroad?
Hakan Bucak, CEO of Mars International, speaking to the Economist magazine, notes that the trend of Turkish investors acquiring real estate abroad is rapidly increasing.
Acquiring property abroad becomes much more attractive economically in a stable country where one can earn rental income in foreign currency, as well as enjoy additional advantages such as residency and work permits offered by some countries. Real estate investment abroad is also a preferred choice for families with children, especially due to the high-quality education opportunities in these countries.
In today’s environment where housing costs have significantly increased and the income from rentals and second-hand sales does not cover these costs, real estate investment abroad is a very attractive alternative.
You can read more about what needs to be done and what to consider when acquiring real estate abroad in our article here.