We rent resort housing in the high season: recommendations from Hayat Estate

Today, Turkey is widely popular among foreign tourists, and therefore for investors who want to profitably invest in rental property. Important recommendations for future owners read below in our article.

Top recommendation from Hayat Estate

As in all cases, do not believe in the promises of mountains of gold, but act as logically as possible with the help of a professional realtor. Consider regionality and seasonality. If it is a small town like Kemer or Kusadasi, the property will be rented out during the tourist season and empty in the winter. In popular tourist cities with year-round infrastructure, such as Istanbul, Antalya and Alanya, the liquidity of objects and their demand for rent is higher. In summer, they are rented by foreigners, in winter - by residents.

      

Tip #1
Choose the right region for tourist / long-term rental

Be clear about whether you are buying a home for a short-term (tourist) or long-term lease. Depending on this, you need to choose the most suitable region.

Alanya resort is ideal for short-term rental. In the areas of Mahmutlar, Avsallar and in the city center there are excellent beaches: sandy, with a gentle entrance to the sea - this is especially preferred by families with small children. A 30-minute drive from Alanya (45 km) is Gazipasa International Airport, where flights from Kyiv, Moscow, Baku, Istanbul, Oslo, Copenhagen, Stockholm, Dusseldorf arrive.

For a long-term lease, it is better to choose a large city, such as Antalya or Istanbul. The popularity of Antalya is because of the unique combination of the qualities of an excellent seaside resort and a developed metropolis with the infrastructure for comfortable year-round living and many opportunities for cultural recreation. Antalya has convenient transport accessibility, many regular and charter flights fly here. There are no such traffic jams as in Istanbul, life flows measuredly and slowly, people are smiling and friendly.

Following Antalya, Istanbul is suitable for buying an apartment and renting it out for a long-term: it is the largest metropolis, financial, industrial and cultural center of Turkey. When choosing a property in Istanbul, the determining factor is the area of ​​its location. Istanbul ranks first among major European cities as the most attractive metropolis for real estate investment!

Tip #2
Choosing the right type of housing

The greatest demand among tourists are small apartments with 1 bedroom and a living room combined with a kitchen. For successful leasing, it is better to look at residential complexes within walking distance to the sea and with the presence of internal infrastructure: outdoor and indoor swimming pools, a spa, a fitness room, playgrounds and water slides are an additional bonus for future residents when choosing a rental property. Pay attention to the location of the complex: there must be shops, cafes, supermarkets, pharmacies, banks.

Less often, but still in demand, villas on the sea coast. Basically, they are concentrated in the cities of Kemer and Bodrum. Villas should be in a picturesque area and have a panoramic view of the sea or mountains.

Tip #3
Decide on a management company

In Turkey, it is forbidden to rent housing for a short period (from a week to 6 months) without a special license. Therefore, you need to contact a professional management company and choose a guaranteed lease or long-term.

Long-term rental starts from six months and is ideal for the owner of one, two apartments or villas. There is no “turnover” of guests, so housing management can be done independently or with the help of a real estate agency.

Our company recommends looking into guaranteed rentals, which will provide you with a net guaranteed income of 8% per annum without worrying about property management. We, as a developer, will provide rent with an 8% guarantee in our own residential complex Hayat Residence in Alanya, Mahmutlar area.

Tip #4
Calculate income

The average annual rental yield in Istanbul is 3-5% per annum, at Kemer - 2.5-3.5%. Our company provides a guaranteed income of 8% per annum in our own construction project, Hayat Residence in Alanya.

Tip #5
And don't forget the costs

Evaluate whether you have enough funds for the annual maintenance of the facility.

Important rule

It is dangerous to buy property from non-professionals

You should not buy real estate from people or organizations that are not engaged in this type of activity unprofessionally, a server, a tour employee. agency or hotel. It's the professionals who have to do their job. Ask for help from trusted professionals - investment and construction company and real estate agency Hayat Estate! We know about the reputation of all developers in Turkey. We carefully check our partners and do not cooperate with problem developers and owners.

Why turn to professionals?

Our reliable real estate agency knows the market of its area well, has an impressive portfolio, offices in Turkey, Russian-speaking employees, will save you from problematic objects, help you choose the right apartment or villa for you and solve everyday issues!