Turkey for rental investment

[oraclefusions]

Hello there folks,
I have a question for the people who have already invested in Turkey.
I have a property in Dubai which is giving me around 8% ROI as Yearly rental income plus the property value also
appreciates.
I am NOT into buying and selling later for a profit.
I am looking for find a property in Turkey which would fetch me around 16,000 USD per year as NET rental Income.
Which areas I should look for ?

I have been in contact with agents but they always come up with new properties in newer areas.. While my preference is a property which is either already rented or is about to complete in an area where I can easily with no hassle be always able to rent out.

Regards

 

[realdeals]

Is Turkey back in favour with property investors after the recent volatility on the political front? I noticed just the other day that UK holiday companies have returned to the region.

 

[nmb]

While I am no expert on Turkish politics, the situation seems to have died down a little over recent months. The fact that UK holiday companies are now open for business for those looking at a break in Turkey suggests things are starting to change for the better?

 

[Işıl]

Do you think tourism project for investments?For example we have lands near the seaside from ourselves not real agency.So tourism most popular in Turkey and very common.

 

[Longterminvestor]

Foreign investors will need to consider the curreny exchange rate as well - if there was further unrest within Turkey this would not be good. It is already being run as a dictatorship as it is.

 

[Marinaki]

I think you should take under consideration areas as Antalya, Cappadocia and maybe Istanbul (if they don't throw any more bombs). I mean areas where there is tourism and people have a reason to spend their time there. I am not sure, though, how the rental prices are. Since all the issues Turkey had the prices dropped a lot. Is a country that I love and go all the time and last time I paid for a 5 stars hotel, in Taksim square, 3 nights, 150 euro.

 

[Michael Harris]

It is an old post and I must say that turkey is the best country in the world right now for Real Estate Investment.

 

[Veronica]

With the current problem Turkey has the area is very volatile and no one in their right mind would consider investing there.

 

[Longterminvestor]

The issues with the US look like they will get worse before they get better despite the spin that Donald Trump has tried to put on the situation. Personally I would avoid for now but there may be some bargains to be had. Also, keep an eye on the currency as it may come under pressure.

 

[gingers]

I think that’s a good decision a friend of mine bought a property in turkey a few years ago and now it is still quite profitable.

 

[johnnyy]

same here I found local specialists to help me with that task and reduce the risks