If looking for investment in rental property to boost your investment portfolio this year, Antalya could be a bright spot in your radar. After all it is not easy always to find the right international investment destinations suitable renting out. Antalya is a rising star in this respect. Investing here could be highly rewarding, if you choose the right property and buy it for right price for rent property in Antalya.
Finding the right renting property could be daunting for first time investors as there are too many options and pieces can fluctuate too. It is important that your decision is research backed and guided by the best resources available.
Key points to consider when choosing rental properties
The neighborhood – Antalya is an internationally reputed as one of the most stunning sea side destination in Turkey. Scores of tourists visit Antalya for all things balmy and sandy. The best part is the weather which is pleasant round the year.
The implication is that a major part of rent property in Antalya is aimed towards the burgeoning number of tourists in this part of Turkey. From the investor’s point of view, you must select the neighborhoods most visited by tourists. They often rent vials and apartments for long time stay.
Do not go for neighborhood which have a high vacancy rates even if the prices are less here as compared to the more popular destinations. These areas may not be offer good prospects for property to rent in Antalya Turkey.
Get an average idea of rent in the area of your choice. Compare the same with the principle investment, added with maintenance cost and bills, to get the economic viability of a property rent. Property in Konyaalti beach and Lara beach are perfect for investing in real estate aiming for renting out. These are the regions which sees diverse economic and tourist activities, thus the commercial viability of any property in this part of the city is many times higher than the other parts of the city.
Having your own bucket list of properties
Professional real estate agents are the best choice for the foreign investors looking for rent property in Antalya. However, before approaching any professional real estate agent, you must have an idea of your own. This helps you place your requirements and expectations before the real estate agent. You also have prior idea of the prices to guide you for the best deals. If have narrowed down on several key aspects your investment like the areas you prefer, type of property, purpose of buying or the price range that suits you, a real estate can help you with best suited properties. Thus you can save some time while negotiating with the real estate agent.
Why property taxes are major factor decision maker?
Rent property in Antalya, are extremely popular these days. But should be the only reason to invest here? You must look into more aspects like property taxes that determine the profitability of any renal investment. Thankfully, Turkey is one of the most investment friendly countries of the world. There are no escalated taxes for foreign investors. Investors are so happy to gain maximum returns thus.
Job opportunity as a determinant of success of your rental property
When looking for rent property in Antalya consider that majority of people who are looking for rental properties. Mostly people who have relocated to Antalya for job prospects are expected to rent houses. Thus choosing properties in areas which have high employability options may help you get prospective tenants. If you property is in good condition you may get on rent almost immediately.