Commercial Real Estate in Turkey

Many foreigners of those willing to Buying real estate in Turkeyprefer to invest in a commercial real estate as its more profitable, it’s guaranteed due to previous experiences for foreigners who bought commercial real estate in Turkey and used them to their advantage to make high profits.

What is Commercial Real Estate?

It is the real estate that the investor benefits from in investments and economic business, as Turkey has become the destination of the East and West in the search for commercial real estate to launch investment activities, as Istanbul, Antalya, Trabzon and Bursa, along with other central Turkish cities, topped the preferred options for those looking for commercial real estate in Turkey.

Types of Commercial Real Estate in Turkey:

Commercial real estate varies in Turkey and they are:

1.Investing in commercial offices in Turkey:

It is important to get help from a trusted real estate agent who has good experience before investing in commercial offices, how can the foreigner investor choose the best and highest quality offices in Turkey?

Below we will offer some advices to keep in mind before initiating a commercial office purchase in Turkey:

1- The importance of having a good location close to the major streets in the city.

2- Choosing a comfortable office to guarantee working in a good environment in order to increase the performance.

3- Choosing the office in a place that is close to hotels so the clients can reside easily and use the conference rooms in the case the business activity requires so.

4. The availability of close and open parking lots nearby.
5. It’s recommended that the office is close to ATMS and banks.
6. The area which the office is located should offer strong infrastructure and transport network.

2. Investing in commercial shops:

Commercial shops also considered commercial real estate in Turkey, you can find the best option to purchase a shop for the purpose of doing your commercial business or for real estate investment or renting the property to other businessmen, or through resell process which makes you a high profit return.

For those wondering about commercial shops in Turkey we recommend paying attention to these advices:

1. The shop location should easy to access and in a known district.

2. The shop should be in the city center and close to all types of transportation.
3. It’s recommended that the shop is located in a crowded streets and full with commercial activities.
4. It’s recommended that the shop is within streets with security guards and surveillance cameras.

Whenever the foreign investor secure these specifications in his commercial shop, then he would achieve the best deal during Real estate ownership in Turkey .

3- Investing in warehouses in Turkey:

Warehouses that are used for commercial purposes is considered commercial real estate in Turkey, as the foreign capitals which are being pushed into Turkey indicates the trade confidence levels in the strength of the Turkish Economy, which is walking in steady steps to be in the G10 club before 2023, and for those willing to purchase warehouses in Turkey we advise the following:

1. The warehouse should be close to industrial or commercial areas to create more investment opportunities.

2. The warehouse should offer parking spots suitable for loading and unloading processes.

3. The warehouse should be close to major streets especially in large cities like Istanbul.

4. The warehouse should have all the safety features like ventilation, fire extinguishing systems and risk management systems.
5. The warehouse should have surveillance cameras and 24/7 security protection.

Those wishing to invest in warehouses should know that the Turkish state is among the few countries in the world that provided foreigners with the opportunity to own real estate, whether residential or commercial, with the inclusion of many facilities and tax exemptions that encouraged strong demand for them and ensured a guaranteed profitable investment return.

4. Investing in Hotels in Turkey:
   Hotels in Turkey are considered among the most famous commercial real estates that offers high profit returns in investments, as Turkey has a great geographic location close to most Arab countries, in addition to the fantastic nature it has as well as the mild climate in both summer and winter, which makes investing in touristic real estate a profitable option, Turkey attracts almost 60 million tourists yearly, therefore the need for hotels is huge as the demand for hotel rooms and hotel apartments increases because of the tourists looking for residence. Below we offer some important advices to those interested in investing in hotels in Turkey:

1. Investing in 3, 4, and 5 stars hotels is an excellent choice due to the record high demand for them from tourists, especially Arabs.

2. Choosing hotel investment in cities that have high number of tourists such as Istanbul, Antalya, Trabzon, and Yalova.

3. Making sure the hotel is close to tourist attractions, beaches, and shopping malls.
4. It should be close to transportation (metro and tram).

Important advices to purchase commercial real estate in Turkey:

The commercial property size:

Focusing on purchasing commercial properties with big size is very important, as the small working environments would obstruct the daily workflow and would create some type of chaos and lack of organization which would effect the invest profit returns.

The storefront of the commercial property:

It’s important to choose the storefront of the property in a way that is fully compatible with the business properties in order to be comfortable to the client according to the investment purpose, while the back part of the commercial property, whether it is intended for storage, cooking, or any other type of work, that is, it must be compatible with the purpose of use (restaurant or clothing store).

Transportation and Parking Lots:

Before buying commercial real estate in Turkey, it is necessary to pay attention to the availability of sufficient parking spaces for cars, whether business cars or customers, and focus on the proximity of the commercial property to various transportations in order to attract the largest possible number of customers in the event that the investment requires the presence of customers and clients.

The legal situation of the commercial property:

The foreigner willing to purchase commercial real estate in Turkey should have full knowledge of the legal information related to their property, like the licensing restrictions according to the type of real estate investment. For example, in some places, it is not allowed to practice certain activities, such as selling alcohol near a school or a mosque.

The location of the commercial property:

Location is a very important factor regarding commercial real estate in Turkey, as some business activities depends fully on the location, therefore, it’s important to study the location carefully, as the location not only will make a big profit return to the investor, its importance stands out in addition to the return it achieves in its future reflection on the resale process, as the value of the commercial property located on the main avenues differs from the value of the properties located in the back streets.

In conclusion, Europ Homes Real Estate reminds its valuable clients with its comprehensive services in the real estate field, and its full follow-up until achieving the desired goals and high profit returns.