Real estate investment in Turkey is one of the most important economic channels that benefit not only the Turkish economy, but the investor himself. Despite the many types of real estate investment and its complexity, commercial real estate remains an important element. Get to know with the Glovision Real Estate team rhe commercial real estate and its types, as well as the most important ways in which you can make a successful commercial real estate investment.
What is commercial real estate and what are its types?
Commercial real estate in Turkey is the real estate in which the resident can run a commercial activity. Originally, these properties must be licensed in order for commercial activities to take place. Therefore, ordinary apartments are not considered commercial real estate, although some may start and run small personal companies in them.
It can be said that the following types of real estate constitute the main divisions of commercial real estate in Turkey:
Shops
For example, if the property is a commercial shop located on a street independently, or it is located within a group of shops belonging to a residential complex, or the shop is located in a commercial building or a mall, and in this case the income of the person who will use the shop depends on the location of the shop Which allows customers to see the commercial store, and also depends on the nature of the commercial activity in the area itself.
Hotel Apartments
Hotels are a great type of investment, especially that Turkey contains all the tourist attractions, and it has a prestigious arrangement in it, as it does not depend only on foreign tourism from other countries, but depends on tourists from the Turks themselves.
Buying a hotel apartment in a hotel that is managed by people who are experts in this field, in addition to the brand and the location of the hotel, are all factors that guarantee success in the hotel real estate investment project, and it is a comfortable investment because the investor will not have to supervise anything himself but there are people whho does the job instead of.
Offices and office apartments
Office buildings and workplaces in Turkey are widespread, and sometimes you hardly find an office to rent if you want to start your business, especially in the central areas within large cities such as Istanbul.
In some residential complexes, apartments and offices are mixed within the buildings, where there are blocks dedicated to offices, or there are apartments and offices in the same building. Office apartments have a good investment return and there is a great demand on them, because they provide housing and work in one place.
How do I choose my commercial property in Turkey?
If you want to start a real estate investment in Turkey, and decide to search in the category of commercial real estate, you should always focus on the return that you will get from this investment, which will be the result of dividing the expected annual return by the price of the property.
While calculating the economic feasibility of your commercial property, try to take into account all the other expenses that may arise from this investment. In case you think about renting the commercial property, you should think about maintenance costs and other expenses that can increase or decrease based on the nature of the property and the pattern of its use.
If you are going to buy a commercial property for the purpose of reselling it, you should focus on:
• The location of the commercial property, because it makes all the difference. By location we mean not only the location within the area, but also internal location within the building, mall or commercial center.
• The reputation of the construction company, this is very important because each company has its own policy in raising the level of services and building a real reputation for the place, and all of this benefits or harms the owners of commercial real estate.
• The development of the surrounding area, the emergence of new services around you is very important in raising the price of the property that you buy to sell and profit from it later. Our team has monitored increases in commercial real estate prices, reaching 30% and more for some properties around which the area has developed and services increased.
• If the property is under construction, and the previous factors are taken into account, the later the delivery of the commercial real estate project, the better. Here you can also benefit from the increase in the price of the property by the construction company itself with the development of the project construction.
Finally, if you are interested in buying a commercial property within Istanbul, the capital of the Turkish economy, you can save yourself the trouble of searching, and simply communicate with our real estate team. We have tested commercial real estate opportunities, we have studied their feasibility to present to you, and we know the best properties that can benefit you,and in addition to that, we have a wide range of services that make buying Turkish real estate for every one an experience easy, enjoyable and useful.
Glovision Real Estate team never tire of providing professional real estate advice, so do not hesitate to contact us at any time.
