Foreign investors are highly engaged in commercial property for sale in Istanbul Turkey. This article will highlight the most important information about commercial property in Turkey, as well as what characterize the commercial properties for sale in Turkey from other countries.
Why to Buy a Commercial Property for Sale in Turkey?
The majority of tourists in Turkey are looking for an amazing apartment or villa with panoramic sea views where they can spend their vacations with their loved ones joyfully.
For some foreigners, buying a commercial property for sale in Turkey has an attention of making it a permanent residence and later obtaining Turkish citizenship.
Others consider the Turkish real estate to be such a profitable investment and choose to rent it out through real estate agencies.
Turkey offers a variety of properties with various features and prices. Here you can find simple and affordable studios, as well as penthouses and luxury villas with sea views.
Foreigners mainly prefer the tourist coastal cities and the multicultural city of Istanbul, where there are numerous affordable rental apartments available throughout the year.
The availability of public transport systems working 7/24 makes it easy for residents to get around the country.
And with the large number of flights in Istanbul New Airport, all tourist flights will be available all year round, without any seasonal restrictions.
Advantages of Buying Commercial Properties for Sale in Turkey
One of the main advantages of buying commercial properties for sale in Turkey is the convenient procedures for obtaining a residence permit.
Foreigners of many countries can travel to Turkey for tourism purposes without wasting time and money on visa applications.
In addition to that, the owners of commercial property in Turkey can apply for Turkish citizenship if they buy commercial properties for sale in Turkey suitable for the conditions of the citizenship.
The Tapu is the official document that certifies the property ownership and is registered in the Land Registry Office in Turkey.
Therefore, Turkey is an attractive country for many foreigners, and this ensures the high demand for renting and purchasing buildings or commercial property for sale in Turkey.
Development of Commercial Property for Sale in Istanbul Turkey
The share of real estate investment represents 12-15% of the total foreign investment in Turkey, and this because the Turkish real estate market provides various commercial property in Turkey in areas with developed infrastructure, and high rental demand all year round.
Turkey’s economy is characterized by a stable growth and is among the twenty largest economies in the world.
Real estate prices are also reasonably rising, and those who purchased commercial property for sale in Istanbul Turkey many years ago can now sell it at a much higher price
The country’s real estate market is constantly expanding, with a large number of new buildings and commercial property for sale in Istanbul Turkey being constructed each year, including many luxury facilities with quality construction.
Furthermore, Turkey has facilitated the process towards foreign investors, in order to invest safely without facing risks.
Read more: The Best Guide to Beyoglu Istanbul Turkey
Investing in Commercial Property in Turkey
Commercial property in Turkey is a different real estate market than residential one, and whether you want to buy commercial property for sale in Istanbul Turkey for your own business or as a rental investment, there are competitive prices per square meter.
The most important advantage over renting for business owners is the long-term investment. You will no longer have to be concerned about rising rents, and you will also benefit from the capital growth.
Read more: The Best Reasons to Buy a Property in Turkey
Residential Property VS Commercial Property in Turkey
Many investors who buy or rent commercial property for sale in Istanbul Turkey, prefer the commercial properties for sale in Turkey to the residential ones for three reasons:
- Owners of the commercial properties for sale in Turkey guarantee long-term investment with high rental income, while owners of the residential properties generally sign contracts for only one year.
- Turkish residential property owners pay fees for repairs, while commercial property for sale in Turkey owners pay all overhead costs and get them back on their taxes.
- Investing in commercial properties for sale in Turkey generates a higher financial return than investing in residential properties. In general, commercial properties for sale in Turkey have higher rents and sell for more than residential properties.
Buy Commercial Property for Sale in Turkey
With its rich demographic and economic resources, Turkey is a main hub to the east and west in the real estate investment market.
Therefore, if you want to invest your money in commercial properties for sale in Turkey, Lale Real Estate Group will always help you find the appropriate property.
The Turkish government is currently working on improving the process of real estate investment in Turkey, such as exempting some partial and total taxes for investors and granting them exceptional residency and Turkish citizenship if they buy a property of a certain value, in addition to the real estate residency that a person can extract when buying a property in Turkey.
Documents Required for The Residency by Buying a Commercial Property in Turkey
The following are important documents required when applying for Turkish residency by buying a commercial property for sale in Turkey:
- Application form for residency by buying a commercial property in Turkey.
- A copy of the passport.
- Four biometric photos.
- Proof of the financial ability to stay for the duration of the residency by buying a commercial property for sale in Turkey.
- Receipt of payment of the residence permit.
- Medical health insurance.
- Address registration proof document.
- Tapu document.
Commercial Properties for Sale in Turkey are Excellent Investment Opportunities
Commercial property for sale in Turkey is a favorable type of real estate investment in Turkey, with excellent returns throughout the year.
This is due to the increase in the number of international companies and brands seeking a thriving market for their products. So, when buying a commercial property for sale in Turkey, you should first choose a strategic location for your property.
We, at Lale Real Estate Group, will be pleased to be with you from the first step of buying a commercial property for sale in Istanbul Turkey.
And for any inquiries and information, you can easily contact us by clicking here.
Frequently Asked Questions about Commercial Property in Turkey
Is it a good idea to invest in property in Turkey?
Absolutely, it is an excellent idea to invest in property in Turkey, as real estate investment is considered the safest and most profitable type of investment in the world.
What is a commercial property in Turkey?
A commercial property in Turkey is any property that is not used for the purpose of housing, such as offices, shops, boutique hotels, and warehouses.
Is commercial real estate a good investment?
Whether it is commercial or residential real estate, any type of real estate investment is considered a profitable investment that offers excellent long-term returns.
What are the disadvantages of commercial real estate in Turkey?
When buying a commercial real estate in Turkey, the chances of choosing are less than the residential real estate, which is characterized by a wide variety of offers between normal, medium and deluxe finishing. Also, management expenses in the commercial one may exceed 15% – 20% of the total income, while in the residential real estate they are much lower.
What are the advantages of commercial real estate in Turkey?
The owners of the commercial real estate in Turkey guarantee long-term investment with high rental income.
What is the difference between commercial and residence?
The residential properties are used for housing purposes such as apartments and villas, while the commercial properties are not used for the purpose of housing, such as shops, boutique hotels, and offices.
How to buy a commercial property in Turkey?
You can buy a commercial property in Turkey by contacting a trustworthy real estate company that offers this type of property.
How to rent commercial property in Turkey?
You can rent your commercial property in Turkey by contacting a real estate company that offers this type of service.
How to value a commercial property in Turkey?
Appraisal companies are the official companies that value the commercial property in Turkey, by checking the features of the properties.
What is considered a commercial property in Turkey?
A commercial property in Turkey is any property that is not used for housing, such as shops, offices, and warehouses.
How much does an appraisal cost for commercial property in Turkey?
The appraisal report for commercial property in Turkey costs approximately 2000 TL.
How to find commercial property for sale in Istanbul Turkey?
In order to find a commercial property for sale in Istanbul Turkey, you should contact a reliable real estate company to provide you with the suitable opportunity of commercial properties for sale in Turkey.
Do you know what the benefits of buying a property in Istanbul? Contact me to find out why!