Do some research before deciding on a home for sale in Turkey. Obviously, if you intend to earn an immediate income from your investment in Turkey, you should look for an existing property (also known as a resale property) in a popular tourist area. Examine the rental market to determine how much your villa or apartment can be rented for. Don’t forget to factor in other costs such as maintenance and property management fees (someone will have to look after the property while you’re away), and keep in mind that properties with pools near the beach will yield higher rental incomes.
Buying a run-down property for renovation has the advantage of allowing you to improve the property in ways that will specifically appeal to vacationers. It’s a good way to increase the value of your property while converting your low-cost investment into a higher yield, and having construction work done in Turkey is an option for everyone. The high quality Turkish craftsmanship will impress you for the most part.
Off-Plan Investments and Properties to Sell
Off-plan purchases are another popular option. This is when a developer decides to build a number of properties on a large plot of land but needs to sell them before they are completed in order to fund the development. The advantage here is that you can secure the Turkish property by paying a deposit and then a percentage of the purchase price (usually around 3-5%).
