Foreclosed and Distressed Investment Properties in Ankara, Turkey
Ankara is the capital city of Turkey, and is situated in central Turkey, in the region of Anatolia. After Istanbul, Ankara is the second-largest city, and is seen as Turkey's economic and political focal point, and as such most of Turkey's embassies and ministries are located there.
As a result in terms of real estate investment, Ankara is seen as a stable location, with many multinational companies having their staff live and work there, which results in the luxury apartments and villa housing market secotors being well supported.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
