Profitable Investment Real Estate For Sale in Turkey
Turkey is a country located at the crossroads of Europe and Asia, with the main part being on the Anatolian Peninsula side in Western Asia, with a smaller portion (called Thrace) in Southeastern Europe.
Bordered by eight countries, Turkey is next to Greece and Bulgaria to the northwest, Georgia to the northeast, Armenia, Azerbaijan (Nakhchivan exclave), Iran to the east, and Iraq and Syria to the south.
Turkey is also surrounded by three seas, the Aegean Sea to the west, the Black Sea to the north, and the Mediterranean Sea to the south.
The capital city of Turkey is Ankara, while Istanbul is its largest city and a major cultural and economic hub, famously spanning both Europe and Asia across the Bosphorus Strait.
Popular areas of Turkey with International Buyers:
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
