Investment Property in İzmit

Investment Real Estate in İzmit

Investment Property in İzmit
Investment Property in İzmit

İzmit 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 İzmit .

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Search Map of İzmit Investment Real Estate

İzmit (Turkish pronunciation: [ˈizmit]) is a district and the capital of Kocaeli province, Turkey. It is located at the Gulf of İzmit in the Sea of Marmara, about 100 km (62 mi) east of Istanbul, on the northwestern part of Anatolia. The city center has a population of 300,611 (2011 census). The population of the province (including rural areas) is 1,459,772. Unlike other provinces in Turkey, apart from Istanbul, the whole province is included within the municipality of the metropolitan center.

İzmit was known as Nicomedia (Greek: Νικομήδεια) in antiquity, and was the eastern and most senior capital city of the Roman Empire between 286 and 324, during the Tetrarchy introduced by Diocletian. Following Constantine the Great’s victory over co-emperor Licinius at the Battle of Chrysopolis in 324, Nicomedia served as an interim capital city for Nova Roma. During Ottoman Empire, the city was the capital of Sanjak of Kocaeli.

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The financial stability of İzmit 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 İzmit

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

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

  • Set goals based on how much rental yield will be required and the local rental yield rates in İzmit and be prepared to change your initial outlook.
  • Thoroughly research the İzmit location with a special emphasis on fringe areas outside the main İzmit metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of İzmit.
  • Ensure that your target investment property in İzmit 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 İzmit properties yourself is an easy option, but are these savings justifiable when you run into İzmit red tape? Physis Realty İzmit office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing İzmit buy-to-rent sector.

With our expert guidance, investing in İzmit provides the secure knowledge that your money is working harder than it would in a local İzmit 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 İzmit, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the İzmit property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in İzmit

Flipping property in İzmit

Flipping property is when we advise clients to buy a İzmit 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 İzmit market has a time to react to the renovation.

The Flipping Strategy in İzmit

Investment property flipping in İzmit 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 İzmit real estate investments are sometimes referred to by professionals as ‘distressed’ İzmit real estate.

What is distressed İzmit property:

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

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

Calculate profit that you make from İzmit investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in İzmit

For luxury property investors hoping to add a superb property in İzmit 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 İzmit, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in İzmit should be entrusted to only the highest-quality agency.

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