Offices in Turkey are a type of real estate investment, which yields profitable returns to their owners, whether by renting, reselling, or creating your own business.

Real estate in Turkey enjoys magnificent diversity, especially Istanbul, the city with the most share of corporate investments, taking first place in terms of the number of properties sold to foreigners compared to other Turkish cities.

Istanbul offers a variety of options for those wishing to invest in real estate in Turkey, whether by purchasing a residential or office unit, which Binaa Investment Company provides to its clients, to establish a distinctive and actual presence in the Turkish market.

Real estate investment in Turkey

In Turkey, investing in real estate is one of the most profitable investment types. It is common among entrepreneurs and investors, especially the Arabs.

It is also safer in the Republic of Turkey compared to other countries, where the investor faces complexity and overlap between many variables, and planning data, demographic and financing data.

This safety arises from the strong demand for the real estate market in Turkey, which is mainly driven by several factors, the most important of which are the immense increase in the population, the economic boom, besides the expansion in the cities area.

These factors helped increase confidence in real estate investment; The enormous turnout of giant companies with huge capital to buy real estate has led to a rise in office sales in Turkish cities.

Advantages of investing in Offices in Turkey

1. Investing in commercial real estate, such as offices, involves less risk compared to residential real estate.
2. The contract period for these properties is long, ranging from 5 to 10 years, while in residential real estate, the contract period is usually one year.
3. This type of real estate provides a high monthly return on investment and a guaranteed rent.
4. The commercial property owner does not have to bear all the costs, such as taxes, renovations, repairs, etc.

Types of commercial Offices in Turkey

•      High-quality commercial offices

They are located in urban areas serviced in terms of transport, security, and parking. They are featured by high ceilings, luxurious design, and amenities on a large scale.

•      Medium quality offices

They have complete services to manage most businesses, so you find them more in demand than others. The buildings are in the suburbs, provided that they are rented at the average rental price in the area.

•      Lower quality offices

The lower quality offices are often about 20 years old, located in undesirable areas for the investor, and may require many repairs and renovations.

The most prominent office areas in Turkey

1.   Offices in European Istanbul

Office sales in European Istanbul are more in demand than the Asian side, and this is related to the market movement and the high demand for rental, thus the high rental returns in the region.

Among the most prominent areas on the European side are Sisli, Besiktas, Basin Express, Maslak, Kagithaneh, Serantepe.

2.   Istanbul Asian offices

There are a variety of office areas in European Istanbul, which attract investors as prominent economic centers, including Atasehir, Kadikoy, Kartal, Umraniye.

3.   Antalya offices

Alanya is at the forefront of the Antalya region concerning the importance of real estate. It witnesses an immense commercial and tourist activity compared to other areas, especially in the city center.

Office sales in Antalya are crowded into three major regions: Kepez, Konyaalti, and Muratpasa.

4.   Ankara offices

The Turkish capital, Ankara, has witnessed a significant increase in the social life level and business development. Accordingly, office sales have increased in several areas in the city, including Sogutozu, Kizilay Square.

5.   Izmir offices

Izmir is one of the prominent cities in Istanbul, being a tourist and commercial city at the same time. Its offices have developed remarkably well in line with the desire of investors.

Among the most prominent office areas in Izmir: Folkart Twin Tower in Berakli and Mistral Office Tower in Konak.

6.   Konya offices

Konya is one of the economically advanced cities in Turkey. It has a considerable impact on commercial activities in it. One of the most prominent office areas in Konya is the Konya Plaza Tower in Selcuklu district.

7.   Adana offices

Adana is Turkey's largest metropolitan city. It is a center of agriculture, culture, and commerce. Its most prominent office area is Ataturk Cadeci.

Binaa Investment Company tips for purchasing investment properties

• Buy and invest in promising areas, and stay away from remote ones.
• When purchasing a residential or commercial unit, make sure that the total rental income is at least 5% of the property value.
• Invest real estate units from which you can get a return starting from one double to two for the amounts you will spend on improving them.
• Define how much money you will pay for each square meter.
• Select your office close to transport and the city center.
• Ensure that there is a security system for surveillance throughout the day.

Finally, investing in Offices in Turkey is one of the business activities, which have proven successful in recent years. If you consider purchasing an office in one of the Turkish cities, do not hesitate to contact us now.

The Binaa Investment Company team will let you know about the types of offices within the most prominent areas while helping you choose the most appropriate office in line with your budget and business activity.

Edited by: Binaa Investment©