Investment Property in Adana

Investment Real Estate in Adana

Adana property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Adana .

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Search Map of Adana Investment Real Estate

Adana (Turkish pronunciation: [aˈda.na]) is a major city in southern Turkey. The city is situated on the Seyhan River, 35 km (22 mi) inland from the north-eastern coast of the Mediterranean Sea. It is the administrative seat of the Adana Province and has a population of 1.77 million.

Adana lies in the heart of Cilicia, a distinct geo-cultural region, at a time, was one of the most important regions of the classical world by being crossroads for religions and civilizations. Home to six million people, Cilicia is one of the largest population concentrations in the Near East, as well an agriculturally productive area, owing to its large fertile plain of Çukurova. Adding the large population centers surrounding Cilicia, almost 10 million people reside within two hours’ drive from the Adana city center.

One of the oldest continuously inhabited settlements of the world and with a name unchanged for at least four millennia, Adana was a market town at the Cilicia plain and one of the gateways from Europe to the Middle East. The city turned into a powerhouse of Cilicia with the Turkic takeover in 1359. It remained as the capital of the Ramadanid Emirate until 1608, and then the regional center for the Ottoman Empire, Turkey and shortly for the French Cilicia. The city boomed with the outbreak of the American Civil War in 1861, and emerged as a hub for international cotton trade. Traditionally a town populated by Armenians and Turks; influx of Assyrians, Greeks, Circassians, Jews and Alawites during this period made the city one of the most diverse cities of the Empire. Economic, social and cultural growth was halted by the Adana massacre, the Armenian Genocide, and the 1921 Cilicia evacuation, all of which devastated the city in the early 20th century. After the eviction of Christian community, most of the city’s private properties, value-wise, were confiscated in 1923 and were granted to the Muslim Turks who recently had migrated into the city. After a standstill period, city’s economy again boomed in the 1950s with the construction of the Seyhan Dam, and the growth continued until the 1980s.

In the 21st century, Adana is a center for regional trade, healthcare, and public and private services. Agriculture and logistics are significant sectors of the city. The economic decline caused by national policies and de-industrialization since the 1990s is reversing, as the city is gaining momentum with the fairs, festivals and entertainment life. The rivalry between the city’s football clubs, Adanaspor and Adana Demirspor, is getting attraction as being a derby that is rooted in socio-economic divisions.

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The financial stability of Adana has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Adana

Renting out your Adana buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Adana are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Adana and be prepared to change your initial outlook.
Thoroughly research the Adana location with a special emphasis on fringe areas outside the main Adana metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Adana.
Ensure that your target investment property in Adana appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Adana properties yourself is an easy option, but are these savings justifiable when you run into Adana red tape? Physis Realty Adana office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Adana buy-to-rent sector.

With our expert guidance, investing in Adana provides the secure knowledge that your money is working harder than it would in a local Adana bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Adana, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Adana property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Adana

Flipping property in Adana

Flipping property is when we advise clients to buy a Adana property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Adana market has a time to react to the renovation.

The Flipping Strategy in Adana

Investment property flipping in Adana is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Adana real estate investments are sometimes referred to by professionals as ‘distressed’ Adana real estate.

What is distressed Adana property:

Adana property in need of renovation
Adana real estate with a change of purpose and use
Oversold Adana property
Bank repossessions in Adana

Put simply, long term investors in Adana purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Adana investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Adana property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Adana use a minimum profit value of 22% when looking at potential Adana projects. The reason for this is because there are lots that can go wrong in Adana property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Adana

For luxury property investors hoping to add a superb property in Adana to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Adana, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Adana should be entrusted to only the highest-quality agency.

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