Investment Property in Konya

Investment Real Estate in Konya

Investment Property in Konya
Investment Property in Konya

Konya 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 Konya .

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Search Map of Konya Investment Real Estate

Konya (Turkish pronunciation: [ˈkon.ja]) is a major city in south-central Turkey, on the south-western edge of the Central Anatolian Plateau and is the seventh-most-populous city in Turkey with a metropolitan population of over 2.2 million. Konya is a large and industrially developed city and the capital of Konya Province.

The Konya region has been inhabited since the 3rd millennium BC and was ruled by various civilizations such as Hittite, Phrygian, Persian, Hellenistic and Roman ones. Konya was known as Iconium during classical antiquity. In the 11th century the Seljuk Turks conquered the area from the Byzantines, and Konya then became the capital of the Sultanate of Rum. Under the Seljuks, the city reached the height of its wealth and influence. Following the demise of Rum, Konya came under the rule of the Karamanids, before being taken over by the Ottoman Empire in the 15th century. After the Turkish War of Independence the city became part of the modern Republic of Turkey.

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The financial stability of Konya 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 Konya

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

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

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

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

Flipping Investment Property in Konya

Flipping property in Konya

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

The Flipping Strategy in Konya

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

What is distressed Konya property:

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

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

Calculate profit that you make from Konya investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Konya

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

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