How to resell an apartment in Turkey

  • 30 September 2023
How to resell an apartment in Turkey

Resale of real estate in Turkey is considered one of the promising types of earnings. If you are interested in this topic, it is important to know how to choose the right object for investment and what to pay attention to during the sale process.
How to choose a property for resale
Let's look at a few key factors that you should know before buying an apartment for subsequent sale:
The location of the object.The most important aspect affecting a successful resale is the location of the property. Housing should be located in a safe, well-equipped place with developed infrastructure and preferably close to the sea. The advantage will be the proximity to the city center, the airport, railway stations and a good transport interchange.
The level of internal infrastructure. Modern residential complexes in Turkey usually provide maximum amenities and entertainment, which include swimming pools, fitness centers, restaurants, markets, parking lots, playgrounds, beauty salons and much more.
Location.Convenient organization of living space and design repairs will have a positive effect on attracting potential customers. Buyers often prefer apartments with non-standard and convenient planning solutions.
When can I resell a property in Turkey
In such cases, it is possible to carry out a resale transaction:
After putting the house into operation. This method is relevant for those who bought an apartment at the construction stage in order to make money on the sale by assignment, in this case you can count on an income in the region of 30-35%, as the cost will gradually increase.
Secondary sale.In this case, an important condition will be the location of the property in a prestigious area. even if the property was purchased several years ago, the yield can reach 30-40%.

If the owner of a property in Turkey is going to make a purchase and sale transaction less than five years after taking ownership, he will have to pay income tax, which is about thirty percent. For this reason, it is desirable that the tapu should indicate the market value, since the fee is charged when the price of the property increases.
How much can you earn
Investing in the purchase of real estate in other countries with the right approach makes it possible not only to save money, but also allows you to increase the amount invested. Even with a temporary decrease in the value of real estate in Turkey, the latter retains its value, and over time prices begin to rise again.

To successfully sell real estate in Turkey, it is important to choose an object that meets your investment goals. Keep in mind that more expensive real estate in prestigious areas can pay off and sell for longer, while inexpensive apartments in popular resort areas sell faster. Therefore, it is important to plan your investments and determine the terms of resale at the stage of choosing a property.

The real estate market always has its own characteristics, and the results may vary depending on various factors.Therefore, it is better to consult with professional real estate agents and only then make a decision.

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