I often hear clients ask me how to decide whether to buy a single high-end property or multiple less expensive properties.
Below, we answer these questions.
Below, we answer these questions.
1️- What factors should be considered?
– Size of the property – Location These two factors have a big impact on the price of a property.
For relatively the same price (let’s say, the amount of money you spend on buying citizenship), you can buy a ‘premium’ property (smaller in size, but located in the commercial center or on the seaside), or a property about 3 times cheaper (larger in size, but farther from the center/seaside).
For relatively the same price (let’s say, the amount of money you spend on buying citizenship), you can buy a ‘premium’ property (smaller in size, but located in the commercial center or on the seaside), or a property about 3 times cheaper (larger in size, but farther from the center/seaside).
2️-What is your investment purpose?
– If you want to gradually exit your investment, then multiple cheaper options will suit you better than one ‘premium’ option, because the ‘premium’ option will take longer to sell.
– If you want to rent out the property, both options are more or less the same. To be honest, we can’t say that their income will be equal. But! If you buy 3 cheaper properties, you will need to prepare more paperwork (3 rental agreements, 3 tenants, 3 title deeds, etc.) than you would for a single ‘premium’ level property.
– If you want to rent out the property, both options are more or less the same. To be honest, we can’t say that their income will be equal. But! If you buy 3 cheaper properties, you will need to prepare more paperwork (3 rental agreements, 3 tenants, 3 title deeds, etc.) than you would for a single ‘premium’ level property.
3️- Do you plan to live in Istanbul?
If your answer is yes, then choosing 3 more cheap properties can be more profitable than choosing one ‘premium’ property. For example, you will live in one and rent out two, earning passive income from them.
Also pay attention to capital appreciation figures in different economic periods. They can be the reason for a change in rental income and property resale price!
For more information on this, please contact us by email or by filling in the form below and we will get back to you as soon as possible.
Also pay attention to capital appreciation figures in different economic periods. They can be the reason for a change in rental income and property resale price!
For more information on this, please contact us by email or by filling in the form below and we will get back to you as soon as possible.
