Is it profitable to buy commercial real estate in Turkey?
Commercial Real Estate in Turkey - is a different type of real estate, that is different from the usual market of housing stock. No matter you are searching for a room for your business or commit investment for giving for rent -the attractive prove is the most decisive factor. But some of the aspects such as location plays one of the main roles and it influences your business. The advantage of the businessmen who own the rooms is in a long term. According to many investors, the ones who buy commercial rooms for follow-up rental have more advantages than those who buy housing for three reasons. Firstly, the income is much higher. Second, tenants are interested in long-term rentals, that's why they are ready to sign the contract immediately for a term of 5 tears to 10 years, while residents are ready to sign the contract for 1 year. Third, the current expenditure of the owner of commercial rooms is lower. Turkish owners of rooms pay for utility bills and costs for repair, while tenants of the commercial real estate pay for all the overhead costs and give back their taxes.