Profitable Investment Real Estate For Sale in Izmir, Turkey
Where is Izmir, Turkey - Izmir is on the western coast of Turkey, by the Aegean Sea, and is the capital city of Izmir Province in Turkey.
As a major port in Turkey, as well as being a commercial industrial center, plus having a range of universities and a good tourism sector, Izmir is a location to consider if investing in real estate, and especially Izmir's luxury property market.
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.
