“If the earth were a single state, Istanbul would be its capital” -Napoleon BonaparteThe impressive progress made by the Turkish real estate sector has caught the attention of the global financial sector.
The Mediterranean country has become the center of trade and investment in the world due to the secure environment and facilities it offers to investors across the world.
The unprecedented movement of immigration in the country has also made it an ideal destination for diversified investments and lucrative commercial and economic businesses.
As the government has formulated viable tax and property regulations, certain VAT exemptions have been put into force for foreign property buyers.
What to consider while purchasing a commercial property in Istanbul?To avail maximum return on real estate investments, ensure that the commercial property that you intend to purchase has:Easy access to the city center and main roadsThe commercial space/office should have an uplifting working environmentThe property should have enough windows for proper ventilationThe commercial building should have a well-planned infrastructureIt should at least have an internal/external parking or valet serviceCentral cooling and heating features should be availableThe property should preferably be closer to commercial banks or ATMsProper maintenance of buildings and lifts should be done periodicallyWhy is Istanbul the perfect city to buy real estate in Turkey?Istanbul has picturesque landscapes, pleasant temperatures, and moderate climatic conditions, making it a perfect destination for tourism.
Since it is the cultural and financial capital of Turkey, the occupancy rates in the hotels are nearly 85% on average all around the year.