Choosing right property investment in Turkey for the Turkish Citizenship by Investment Program

Here is the guide of choosing the right property investment in Turkey and making good returns for foreigners. The right real estate investment depends on the location, type of property (commercial or residential) and age of property (new or resale).

You can buy property in Turkey to apply for the Turkish citizenship by investment and to get the Turkish passport. You should be very careful when you invest in Turkish real estate in order to avoid expensive prices. Selection of right property depends on its location. City centers are always advantageous because you can find a tenant and a new buyer easier. However, good developing areas outside of the city might offer increase in property price when you resell it.

Secondly, you should decide to buy a commercial property or residential property. Commercial property might yield better rent income and also it has some tax advantages as the tenant pays withholding tax. However, commercial property is more affected negatively when the economy is not good. Residential properties might be better for risk-averse investors.

Finally, you can choose to buy new real estate or resale real estate. The second hand property market might give better returns if you make good market research. For example, you can buy a property at much cheaper price if the owner needs cash money. Also, there are more properties in the resale market. The new properties are mostly more expensive. If you buy new property, I advise you to look at renowned developer who change the neighborhood positively with their project. These projects might give good returns when they are completed and people start living in.

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