Buy to rent. How much can you earn renting a house in Turkey

Buying a home in Turkey and then renting it out is a popular request. Buyers from Russia, Ukraine and other CIS countries want to buy such real estate in order to come to Turkey 3-4 times a year, and the rest of the time - to rent and make a profit.

We figured out how and how much they earn on this, and tell you about it!

Short term rental

Individuals may not rent real estate in Turkey by the day. In 2017, the Turkish authorities established requirements for short-term rental: legal entities with a special license and fulfilling the conditions can rent housing daily:

• Management of a building or part of it, in which all rooms are rented with at least 30 fixed beds (beds), cots and sofas do not count
• Mandatory hotel infrastructure: video surveillance and security 24/7, fire escape
• The company must register with the police and report daily data on registered residents, including infants

Leasing without a license to the direct owner of the property is subject to a fine of 10,000 liras (1,500 €). Failure to pay the fine results in deportation.

That. For foreigners who want to rent apartments in Turkey, two solutions are viable: long-term rental and guaranteed rental.

Long-term rental

Foreign owners of one or two apartments or villas in Turkey can conclude a contract for a long-term lease (from six months). For this, two conditions must be met:

• Notarize the lease agreement
• Register the tenant with the Department of Civil Status of the Population and Citizenship under the Ministry of Internal Affairs. It's free and takes 10 minutes.

Long-term rental income

The average annual rental yield depends on the chosen city and district, type of real estate, infrastructure of the complex, housing equipment and is 5-12% per annum.

Guaranteed rent

Competent foreign buyers, aimed at making a profit in Turkey, pay attention to guarantee rent. This is the purchase of housing as an investment: the owner immediately rents it out through a management company, which takes care of all the services for maintaining the property, finding tenants, paying bills, etc. The owner of the apartments agrees with the agency a fixed amount of income that he receives annually. It is written in the contract.

The net income from guaranteed rent in Turkey is 5-7% per annum. At Hayat Residence, we offer a net guaranteed income of 8% per annum. A great bonus is the opportunity to relax in your apartment for free. Terms and time of stay are negotiated with the management company Hayat Estate.

The Hayat Residence complex is a truly profitable facility in the Mahmutlar area with the highest demand for rent and run by a reliable management company.

Popular regions

As regions for investment in the guaranteed rental market in Turkey, you should first choose large cities or resorts that are popular among foreigners - Antalya, Alanya and Istanbul. These destinations have good growth potential and rental guarantee.