Turkey is the 6th best economy in Europe and the 20th best in the world. This impressive economic result is driven by a robust economy that is enhanced by profitable businesses.
Many businesses are formed in the country every day due to the favourable economic terrain. This is why there will be more need for commercial real estate spaces in the country.
The country continues to attract foreign businesses and investors. In addition, there is a constantly growing population which is increasing the property demand. There is a tremendous amount of opportunity for savvy local and international investors.
Types of commercial properties in Turkey
If you are looking for commercial properties to invest in Turkey, there are several options. This is a lucrative market with considerable potential for abundant returns.
Turkey offers a wide range of commercial properties for investors to explore. These include industrial spaces, retail spaces, office spaces, and so on.
Types of commercial real estate available in Turkey
In Turkey, there are various types of commercial properties that investors can choose from. These include: Offices: There are various offices to choose from such as Class A, B, and C. Industrial properties: You can also find all types of industrial properties for light product assembly, heavy manufacturing, flex warehouse, bulk warehouse, and so on. Shopping malls: Various shopping facilities, and so on. Hotels: These include limited and full services hotels. Mixed-use properties: These are properties that are used for both residential and commercial purposes. Lands: Land investments such as agricultural land, infill land, and brownfield land.
The benefits of investing in the Turkish commercial real estate
As one of the best business destinations, Turkish real estate is a huge investor magnet. It offers so many benefits to potential investors that it can be difficult to ignore this thriving market. The following are the benefits of investing in the commercial real estate sector of the country:
Low prices
The Turkish economy is developing rapidly, which means that there is a massive potential for more returns for investors. This is because of an expanding population, advanced infrastructure, and numerous businesses being established in the country. Investors can get profitable commercial properties are reduced prices.
Low taxes and charges
In Turkey, the taxes on commercial properties is minimal in comparison to other European countries. The tax on commercial properties is usually insignificant in comparison to the potential returns on the asset. This is why numerous investors are flocking to the country to invest in various commercial properties.
Low risk
One benefit of investing in commercial real estate in the country is because of low risks. The high level of security in the country makes it more attractive and less risky for investors.
With inflation rates remaining very low, the government has been able to maintain the country’s economic stability. This way, investors can get their investment returns.
High investment returns
In Turkey, there is a strong demand for commercial properties as more businesses are established in the country. This means that more businesses will rent their office spaces rather than build or buy them.
The strong rental market in Turkey creates a potential for high returns on investment. Rental income prices have been rising steadily over the years, which makes the market a lot more attractive.
Turkish citizenship
International investors who meet the quota can become eligible for Turkish citizenship. As the law has been recently amended, investors are eligible for Turkish citizenship if they can invest in property with at least $450,000.
The process of becoming a Turkish citizen for foreigners can be straightforward. It takes about 6 to 8 months to complete the entire process.
