by Melih Alsaç
Residential investments usually yield returns above the Turkish average in Turkey's economically important metropolitan areas, especially in regions such as Istanbul. However, the upward trend in Istanbul is changing and other cities, such as Izmir, are attracting investors' attention. Therefore, it is important to conduct detailed city-by-city analysis for those considering investing.
City Selection and Analysis
While some cities in Anatolia are growing rapidly, real estate prices may not increase or decrease in cities with declining populations due to low demand. It is important to analyze economic and demographic dynamics for those considering buying a house in the provinces. Economic potential, infrastructure projects and population mobility between cities should be taken into consideration.
Physical and Financial Aspects of the Investment
Real estate investment is an area that requires physical attention and management. When a property is purchased, responsibilities arise, such as collecting rent, attending condominium meetings, and taking care of maintenance and repairs. Buying a property in a remote location can lead to management and maintenance costs, which can take time and effort. Such unseen costs should be taken into account in investment planning.
Practical Tips
- Trading on a market they are familiar with and can easily access gives traders an advantage.
- It is important to use reliable data sources to assess price differences between cities.
- Investors should keep a close eye on cities and emerging regions with high economic potential.
For those who will invest in housing, it is important to evaluate the physical and financial aspects of the investment as well as the choice of city. Detailed analysis and decisions based on economic and demographic dynamics can affect the success of the investment.
