Investments in Turkey based on capital gains.
By the end of 2022, Turkish real estate has increased in price by 8%. However, the price does not mean anything if there is no demand for your property. The lack of demand means that if you need to get rid of your asset quickly, you will have to lower the price below the market, which will lead to losses.
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How to avoid this? A few tips:
First of all, when choosing a place to buy, pay attention to places of limited development: the first coastline, plots near forests or national parks, the territory of the old town, etc. Such real estate will never fall in price and is always liquid.
In good, high-quality complexes with an adequate price, most of the apartments are sold out at the construction stage. If the complex has been built for a long time, and the apartments have not yet been sold, there is a high probability that the price does not correspond to the market or there are other implicit disadvantages.
Do not buy old housing or housing in need of repair. In most cases, the costs of improving it will not justify themselves. It is better to buy one apartment in a high-quality new complex with infrastructure than several cheap secondary facilities in need of repair.
Do not buy an apartment in the first complex you come across, especially at the construction stage. Track the market for some time. Choose a reliable developer on the recommendation and follow his projects. Pay attention to how actively apartments are being sold there. But do not miss the moment when the developer announces his new complex: it is better to be the first buyer than the last.
Stay away from too "hyped" projects: if for two years in a row you hear an advertisement for the same complex on the radio, and the apartments there have not yet ended, this is a serious reason to think: does the stated price really correspond to the market price or is half of this price the marketing expenses of the developer?
Carefully study the contingent of your future neighbors. If you want to sell your apartment at any time without losing in price – run away from the reservations "only for Russians". The logic here is simple and clear: if you own an apartment in a good house, where a significant part of the residents are Turks, a huge domestic market is at your service. And if the apartments in the house are 99% sold out by compatriots, to whom will you be able to sell your property? That's right, only to compatriots. This means that the potential demand for your property is reduced by thousands of times.