Real estate development in Turkey, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Turkey.
Turkey has a strategically important location at the crossroads of Europe, Asia, and the Middle East, making it a key player in global trade and economic development. Despite some political and economic challenges in recent years, the country has shown resilience and continues to offer growth potential.
Turkey has long been a popular tourist destination, and the country continues to see growing numbers of international visitors. Areas such as Antalya, Bodrum, and Fethiye are seeing increasing demand for short-term rental properties, which makes them attractive for real estate investors.
Foreign investors in Turkey are allowed to buy property and have the same legal rights as Turkish citizens. The legal process for purchasing property is well-regulated, offering safeguards for investors, including clear property titles and protections against fraudulent transactions.
Investing in real estate in Turkey can be a smart move for both short-term gains and long-term portfolio diversification. However, like any investment, it’s important to conduct thorough research, understand the local market dynamics, and consult with legal and financial professionals before committing to a purchase.
