Hidden obstacles
Owners apartments on the resort coast of Turkey can always lease it in lease and have the stable good income all the year round. We will tell directly, this phrase from advertizing booklets inspires many foreign investors.
Really, during a high season of the apartment on the coast of the Mediterranean Sea are very demanded. Moreover, every year more and more tourists prefer to spend holidays not in noisy hotel, and it is private in the certain leased apartment. Especially as the infrastructure of many modern complexes at all doesn't yield to level of five-stars hotel. It would seem, here it – "the stable good income all the year round", but in practice, unfortunately, not always it turns out and it is worth remembering it.
Builders and agencies sometimes exaggerate profitability from housing delivery in lease in a resort zone of Turkey. Actually real situation in the real estate market such is that two-room apartments in good complexes in close proximity to the sea, the most demanded in case of lease for rest by a family, give up for 600-900 euros a month during a season for short term. In case of delivery ponedelno, the income can be more, for foreigners who come on rest by a family, and 1000 euros for the apartment 1+1 in comparison with hotel cost – are a little. But thus always there is a certain risk that the part of days the apartment can stand idle. Logically and that the great demand on apartments on the seashore will be not all the year round, and only during a season of summer holidays – from May to October. So half a year the apartment on the resort coast can not bring in the stable income.
Other business – apartment delivery in employment to Turks or foreigners constantly living in the country. In case of lease for term over a year (namely for such term in this case the agreement is most often signed) the rent usually happens much lower, but, first, the apartment can be not furnished (local lessees prefer to remove apartments without furniture). And secondly, and it is much more important: the market of lease of the Turkish real estate really grows and, considering lack of taxes on the income from apartment delivery in lease, and also the low real estate taxes and a low upkeep cost of housing, real estate delivery in Turkey in lease and in this case – very profitable source of the income. And for the foreign investors performing transactions of purchase and sale and lease through Restproperty agency, almost not requiring personal efforts. With lessees both in case of seasonal and in case of long-term lease of apartments of our clients the agency assumes all relations.
By the way, if you decided to invest in the Turkish real estate for the purpose of the subsequent delivery of the apartments in lease, the RestProperty agency is ready to suggest you to purchase apartments on which contracts with lessees for the next year are already signed.
Author: RestProperty
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