Buying Luxury Property in Turkey as a Rental Investment
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:
Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.
As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.
The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.
A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.
Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Turkey, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.
When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.
