Commercial real estate can be purchased for running your own business or renting out premises. If you are a business owner, investing in commercial property just once can save you money on monthly rent.
Office space, real estate for a restaurant or shop, warehouses are in great demand. There are multifunctional complexes, as well as options in residential and business areas.
Commercial real estate is buildings, premises, land and other real estate that is used for profit. First of all, these are office, business and retail buildings. They generate income through the transfer of rent or from the increase in the value of the object - the so-called investment income.
There are four main types of commercial real estate. All non-residential commercial premises by purpose and technical requirements are conditionally divided into:
- trading
- production
- warehouse
- office
Real estate will not fall in value to zero. It usually goes up in price. But if you choose which property to buy as an investment, then it is better to give preference to commercial real estate. Such areas are rented at a higher price. They also pay off faster than apartments. After the purchase, the property needs to be refurbished. New objects require large expenses, repurchased ones need to be updated.
In general, buying a property in Turkey is a good decision, so we can say that it is worth taking such a step. Investing is always a good thing, and investing in overseas real estate is also very profitable. The only condition is that you should carefully weigh all the pros and cons, and also be sure to evaluate your prospects.
Pay attention to neighboring buildings, the availability of convenient access roads, the proximity of transport interchanges
Inspection of the object is necessary to identify its advantages and disadvantages. Pay attention to the neighboring buildings, the availability of convenient access roads, the proximity of transport interchanges. It is also important to assess the age of the building and its quality - the state of engineering and plumbing communications, water supply, heat supply. Also find out if the building is suitable for your business.
Renting commercial real estate is almost twice as profitable as apartments, but there are some peculiarities of managing such an asset. Experts interviewed said that renting commercial real estate is almost twice as profitable as apartments - an average of 12-15% yield per year versus 4-6%. At the same time, the yield from leasing non-residential premises can vary from a minimum of 8% to a maximum of 22%, depending on their liquidity.
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