How to choose the perfect region for renting property in Turkey?

Rule number one: choosing a region for renting.

The most important aspect when choosing real estate for rent, whether for tourism or long-term, is the right choice of location. Experts in the Turkish real estate market unanimously agree that the regionAlanya— an ideal option for both beginners and experienced investors.

This beautiful corner is famous for its long tourist season, mild climate, magnificent beaches, and well-developed infrastructure. In Alanya, you can find numerous real estate offers that cater to various financial possibilities. There are direct flights from Russia to the airport.GazipaşaThis also adds to the appeal of this destination, as there are regular flights from Moscow, not to mention numerous charter flights.

Choice for long-term rental: Antalya

If your focus is on long-term rental, it’s worth consideringAntalyaThis city stands out with its vibrant atmosphere and offers all the conditions for comfortable long-term living. Antalya is popular among both foreign renters and locals, who happily rent apartments and houses.

Rule number two: parameters and characteristics of real estate

The next important recommendation is to thoroughly work out the requirements and characteristics of the property. The Turkish market offers a wide range of rental options, from one-bedroom apartments to spacious flats. It is most advantageous to consider modern residential complexes, many of which are located near the sea or no more than 500 meters away from it.

Such properties provide the highest profitability when rented out.

• The object is in good condition.It is critically important for the residential complex to be in excellent technical condition.
• InfrastructureThe complex should have the necessary amenities for tenants to live comfortably: common areas, swimming pools, gyms, and playgrounds for children.
• Territory accessibilityIt is important to take into account the accessibility of the area and the number of tourists staying both in the complex itself and in its surroundings.
• External infrastructureIt is also important to have various infrastructure facilities — shops, pharmacies, cafes, and restaurants, which makes this place even more attractive to tenants.

Features of rental villas

When it comes to villas, their popularity is somewhat lower compared to apartments, although they can be found in areas such asKemerWhen choosing a villa, it's important that it is located close to the beach and has enough space for a comfortable stay for a large family.

Rule number three: property management

The third rule is about understanding the ways to manage your property. Effective management of rental housing requires certain investments of time and resources. As in other countries, in Turkey, the highest profit can be achieved by managing the property yourself. Developing a professional approach to this process will significantly increase your profitability.

Property management for tenants

Experts note that this approach will not always be convenient for tourists renting accommodation. Exceptions are cases where the property owner is on-site and can actively manage the process, including selecting and placing tenants.

If you spend most of the year away from Turkey, you should consider handing over these tasks to an experienced real estateagency that will take care of all the organizational details. In the case of long-term rentals, when the number of tenants remains stable, the owner can manage the tasks independently, which allows them to increase their income.

Future earnings of the owner

Understanding future rental income is an important aspect for a property owner. Each rental market has its own criteria that describe the level of profitability. These parameters are calculated taking into account the market value of the property, rental income, and management costs.

Currently, the average annual income from renting tourist accommodation in Turkey ranges from 5 to 10%.

• 5%— this is observed in cases where management is carried out through an agency.
• 10%— when the owner takes care of their own property.

As for long-term rentals, the yield typically ranges from 4% to 5% per year.

Factors affecting income

The actual income amounts greatly depend on the location and characteristics of the property itself and can vary from700to3000 eurosper month per property, which makes this rental option more attractive for family tourists compared to staying in hotels.

This season, the rental prices for various types of apartments:

• Apartments 1+1 — from17 eurosper day;
• Apartments 2+1 — from30-35 euros;
• Apartments 3+1 — from45-50 euros;
• Villas - from100 eurosper day;
• 1+1 apartments in elite complexes — from55 euros;
• Apartments 2+1 — from70 euros;
• Apartments 3+1 — from100 euros;
• Villas - from250 euros.

Long-term apartment rentals in Turkey are usually offered at an average cost starting from150 to 300 eurosper month, which, again, depends on the age of the complex, the availability of infrastructure, and the size of the maintenance fee.

Legislative requirements

Compliance with regulatory requirements is one of the key tasks. According to Turkish laws, all tenants, whether short-term or long-term, are required to register with the police.

To successfully register, you need to:

• Obtain a specialized code from the local police department.
• Register your IP address with the service provider.

Guest registration is carried out specifically from this IP address, which is linked to the issued code. It should be noted that registration protection can only be implemented from this particular IP address.

If your office is equipped with a computer that has tourist registration software installed, this may lead to various difficulties when registering guests if you attempt to do so from a home environment. In such circumstances, the procedure will be considered unauthorized.

Conclusion

In conclusion, we can summarize the key points necessary for successful investment in the rental property market in Turkey. As the author of this article, I hope that the information provided will help you make an informed decision and avoid common mistakes when purchasing real estate.

Key points for successful renting

• The right choice of region:Alanya is currently thriving thanks to its long tourist season and developing infrastructure.
• Property characteristics:It's important to consider everything from the type of apartment to the availability of developed internal infrastructure. Residential complexes located near the sea will be your key to a quick and profitable return on investment.
• Real Estate Management:Understanding how the management of your property will be organized plays an equally important role. Self-management can yield higher income, but it requires significant time investment.
• Income prospects:Don't forget about the income prospects and practical aspects of renting out property — it's important to realistically interpret your expectations regarding potential earnings.
• Compliance with legislation:Registering guests is not just a formality, but a necessary measure to ensure the transparency of your business.

I hope this review has been a helpful resource for you in the world of the Turkish real estate market. By applying these recommendations, you will be able to not only manage your property effectively but also generate a stable income for many years to come. Good luck with your endeavors!