What are the Best Property Management Companies in Turkey

What are the Best Property Management Companies in Turkey?

Property management entails overseeing all aspects of your property and acting on your behalf when dealing with tenants. Rental contracts are long-term in nature, and under the protection of Turkish law, the tenant has far more rights than the Landlord. As a result, it is critical to managing your property with the assistance of professional staff.

Accessibility: Easy to reach every day of the week by contacting through communication channels

Personal Assistance: Providing a better service through assigning a professional to monitor the property and providing special assistance in all aspects of it

Trustworthy: Home improvement projects are handled through subcontractors.

1. Realty Group

Realty Group ® is the home of passionate, motivated, and highly qualified sales specialists committed to exceeding our clients’ expectations since 2009. Because we are self-sufficient and highly involved in the real estate industry, we have the freedom to expand our serviceability and marketing opportunities to our customers. With Realty Group’s knowledge and expertise, you will choose the right property that suits your budget and expectations. 

Property management service with Reality Group

The most significant aspect of owning a home in a foreign nation is property management. Many investors considering entering the Turkish real estate market are unsure of how to proceed; some choose to invest individually, but others find the process complicated and risky, so they choose to partner with a specialized real estate investment management company, which offers significant advantages over individual work.

Reliability

We provide a high degree of service to our clients based on our dependability in Turkey’s substantial real estate industry. As a result, clients from all over the globe had an excellent, reliable opportunity when they realized their goal of buying a property in Turkey or got the best profit of real estate investment via our consulting.

What are the Best Property Management Companies in Turkey?

Professionality

It is consistently ranked first and competes in this congested Turkish real estate and investment industry. Our success in this massive market for over a decade is a result of our professionalism and the effective consultation we provide to ensure the most significant levels of satisfaction for real estate buyers or investors.

The Continual Growth

With its headquarters in Istanbul and three additional branches throughout Turkey, it has grown its business and brand over the last decade, assisting nearly 1500 clients from 16 countries in living in or investing in 1100 different properties throughout Turkey, Germany, Cyprus, and Bosnia and Herzegovina. 

Strong Online Presence

The Internet has changed how people seek homes. As a result, we analyze and deploy new technology to maintain a solid online presence. It’s a great way to sell our homes and tell clients about our outstanding real estate sales in Turkey and other countries. Every buyer has a unique point of view and lifestyle, seeking comfort and relaxation. 

Villas

The number of family members, their income, and the neighborhood determine the residential zone. While apartments are popular in Turkey, many wealthy clients prefer a private villa to escape the city’s bustle. Your dream villa may be within reach with our skilled real estate experts help! Villas are like flats. The location of a villa and nearby social facilities like hospitals, schools, and shopping complexes effect costs.

Apartments and Flats

The housing system in Turkey has changed considerably with the emergence of flats with hotel services, or as we call them, residence complexes. Many of these projects come with a rental or resale guarantee! If this option is not included in the project, we may be able to provide it to you through our after-sales services and property management specialists to ensure your investment is a success.

Residence

Due to its strategic position between Europe and Asia, as well as its beaches (especially those on the Black Sea and the Sea of Marmara), and its cultures and civilizations, Turkey is a stunningly beautiful country! People are investing in Istanbul due to its attractive projects, moderate service prices, and high rate of return. In recent years, demand for real estate in Istanbul has increased by over 370 percent globally. As a result, it attracts foreign investors interested in Istanbul real estate.

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2. Apsiyon

Apsiyon is a cloud-based web tool that helps property managers in gated communities and mixed-use complexes. They enable personalization across various platforms, from banking to CRM. In addition, they offer management software for collective living places such as apartments, estates, and residences in Turkey. Their products help thousands of forward-thinking property managers manage their properties faster, safer, and more transparently.

  • On-site property managers maintain an office building, shopping mall, or residential complex. They deal with tenant complaints, accelerated repair requests, and construction.
  • On behalf of the owner, a residential property manager manages an income-producing residential property. Residential property managers answer tenant requests, concerns, and difficulties and serve as the building’s initial point of contact.

3. Missafir

Missafir offers short-term leases in Istanbul for foreigners.

  • Highly qualified management profile on social media platforms. 
  • Efficient and experienced photography team that takes you to another world in your house.
  • Customer services provided to guarantee our guest security and comfort 7 days 24 hours.
  • Well-trained and qualified cleaning and laundry team. 

4. Altinkum Sahil Emlak

Altinkum Sahil Estate Agents has around five offices in Turkey. They provide apartments, villas, duplexes, and detached properties for sale and rent in Altinkum, Didim, Turkey.

5. Property Istanbul

Property Istanbul is the school of well-structured and constructed developments for new properties built in Istanbul.  It provides you with detailed information for projects under construction. 

The type of properties they offer:

  • Buying and selling properties.
  • Residence and Citizenship Programs. 

6. Eczacibasi Property Development and Investment

Eczacibasi development and investment is a pioneer in the field of contemporary, high-quality, and healthy living. 

What are the Best Property Management Companies in Turkey?

Eczacibasi Property Development and Investment has completed essential projects: the Ormanada residences, Kanyon, the Kanyon Heliport, the previous headquarters of the Eczacbasi Group, the “193” office tower, and the athletics hall of Eczacibasi Sports Club.

7. Peker Gmyo

Peker Gmyo is a publicly-traded business in the Real Estate industry that specializes in Real Estate Investment.

The type of properties they offer:

  • Buying Property
  • Selling property
  • Citizenship and Residency

8. Halic Property

Halic Property is a property management business that guides purchasing a property in Turkey. 

Budgeting and Cost Control

The Department of property management is set to provide customers professionalism and honest service when purchasing a property. 

What are the Best Property Management Companies in Turkey?

Rental Management 

Upon finalizing the last steps for purchasing property, the rental management team will cover the rent contract, utilities, and other tasks. 

Warranty and Tax Management

Tax is calculated and paid at the right time to avoid penalties on the property purchased. 

9. eKira

eKira is a firm that offers rental apartments for owners and dwellers. They strive to make renting an easy and problem-free experience for their customers.

It supports foreigners with residence and apartment rentals, including families and international students depending on their budget.

10. Artev Global

Artev is a property development firm specializing in designing, building, and selling fully equipped holiday homes. In addition, it offers a ten-year structural guarantee on large vacation homes and financing and after-sales services for a range of projects.  It was founded in Mugla, Turkey, in January 2006. 

Rent Service

They assist potential buyers in locating the most memorable accommodations in Mugla, Bodrum, and the surrounding area.

Property Guidance

A comprehensive examination is the greatest method to get to know the property you wish to buy. When purchasing a property in Turkey, it is essential to investigate the property, the location in which it is located, the local environment, and the lifestyle of that place.

After you’ve narrowed down the projects you want to view, you should book an inspection trip and go sightseeing around the city. This examination will also assist you in comprehending your preferences.

What are the Advantages of Using Property Management Companies in Turkey?

Property management appears to be a complicated issue. Not only do you need a thorough understanding of country property laws, but you also have to include in everything from background checks to property regulations, taxes, annual and monthly fees, and subscriptions. So it’s natural that for many investors and owners, property management can quickly become a full-time job.

 The primary issue arises when they have another career to attend to, as well as work or family obligations. In addition, they are located away from the owner’s property area, and they may not be familiar with communication, language, available options, and procedures. If you entrust us with your property management, you will have space for family and the assurance that the job is appropriate.

  • A comprehensive process includes background checks, present status, rental, electric, water, gas, Internet, maintenance costs, and taxes. As a result, paying on time avoids any complications or additional fees.
  • Work with professional lawyers who can anticipate issues and entirely manage them, which means less worries for you.

Is It Safe to Buy a Property in Turkey?

Yes, if you conduct yourself appropriately.

Use a Reputable Estate Agent

Historically a person may work as a waiter at night and an estate agent by day. Such instances are rare nowadays due to tighter restrictions, but you should still check your estate agent’s reputation. Consider their success record first. Examine their web presence next. Professional agents have websites, Facebook pages, and other social media platforms to engage with customers. Also, Trust Pilot and Google Reviews allow individuals to rate businesses they have interacted with, so be sure to check those out.

Use a Lawyer in Turkey

Turkish law does not compel purchasers or sellers to retain the services of a lawyer, but we strongly advise you to do so. When we acquire a new property, we conduct our due diligence. Still, the lawyer will conduct official checks to ensure your investment is protected on paper, as conditions might change at any time.  For instance, did you know that a home without an Iskan (Habitation certificate) might lose up to $40,000 in value? Additionally, the lawyer verifies that there is no liens on the property, drafts contracts, and arranges their notarization. It’s critical because courts will only accept notarized paperwork if the vendor withdraws.

Online Money Transfer

It is acceptable to pay cash for additional purchasing prices. This could be the cost of interpreters’ services or utility registration, for example. When transferring funds for the actual property, though, ensure that there is a paper trail.

New constructions

Off-plan properties in Istanbul may offer a six-month to a five-year interest-free payment plan but follow the above principles regardless of the type of property you buy. Most buyers in Turkey’s current housing market prefer new construction or resale properties constructed after 2002. The reason is that building regulations changed then, making houses and apartment residences more resilient in the case of an earthquake.

Buy earthquake insurance

Turkish government communicates with architects and seismologists regularly to ensure that these standards remain current with advances in construction. In addition, the government maintains a system called DASK. All property owners are required by law to purchase yearly DASK insurance, which is then pooled to ensure that your investment is protected in the case of an earthquake. Learn about Turkey’s earthquake-resistant building code.

Inheritance laws and wills

Many people purchase real estate intending to pass it on to future generations. Turkey has its own set of rules governing inheritance. For instance, if the father dies, the children will share the property with his widow. However, buyers can circumvent these regulations by executing a private will. We propose you do this in Turkey rather than a foreign country, as Turkish courts favor their methods, making ownership transfer easier.

What is the Average House Price in Turkey?

The current average price per square meter in Turkey is 417 USD. This increased cost is due to significant shifts in the real estate industry. Due to growing costs of construction materials, particularly those imported from abroad, demand for rural rather than urban residences is on the rise. It’s important to keep in mind that this is the average price throughout the country.

A healthy, cautious investment with excellent capital appreciation potential is made in Turkish real estate by drilling down to the regional level. It is also where our services are helpful. As a national estate agent with offices in Istanbul, Bodrum, Antalya, and Fethiye, we know which homes to invest in and avoid. So, let’s look at what international property buyers in Turkey should know about regional house pricing.

Istanbul hub

It’s simple to see why foreigners want to buy property in Istanbul. Although not Turkey’s capital, Istanbul is its commercial, business, economic, educational, and health hub. So as well as vacationers looking for a vacation home, Istanbul attracts wealthy real estate investors.

They were drawn in by rapid European development and megaprojects like the Istanbul Canal. As a result, excluding inflation, annual average house costs rise 4% to 651 USD per square meter. But, aside from economic property, Istanbul is home to the Bosphorus, where properties are among the most expensive in Turkey.

Izmir Houses

Assume we travel south from the Marmara to the Aegean. In this case, we arrive in Izmir, Turkey’s third-largest city and another outstanding illustration of the country’s broad real estate market. In comparison to Istanbul, housing prices increased by an astounding 21% last year. The average price per square meter in Istanbul has risen to 506 USD. However, the city center and its adjacent beach resorts are transforming. Many citizens desire an urban landscape, which is why they travel to Izmir.

Houses in Antalya

Observe the housing market from the Aegean to the Mediterranean. Foreigners have been flocking to this region for decades, making it Turkey’s top beach vacation destination. Antalya is the most popular holiday location in Turkey for foreigners. The city core has five distinct districts. The price per square meter increases with proximity to the sea, although the district’s average is 413 US.  Antalya has districts like Konyaalti and Lara beaches, Kaleici old town, and Setur marina which attract a steady stream of tourists.

Cheapest Houses

There are certain regions, however, where the average property price is low enough to afford a decent place to live. On the Turkish Aegean shore, it is known as Didim. Property buyers from the United Kingdom have long been drawn to the little town of Little Britain. There has been an increasing number of German Turks visiting the resort in the previous five years. Didim’s prices haven’t risen as much as in other regions of Turkey, despite the increased demand. 

Meanwhile, Trabzon and Bursa, on Turkey’s northern shore, were late in modernizing their property markets, resulting in reasonable prices. Middle Eastern ethnicities primarily populate these two places due to their shared culture and traditions. Another area in Turkey where you might find affordable property is the Mediterranean Dalaman and Alanya’s Mahmutlar district. Both have significant future potential and robust tourism markets. Continue reading to learn about the most affordable real estate markets in Turkey.

How Much Does Real Estate Property Management Cost?

As is the case with so many other questions, the answer is “it depends.” Property management firms come in a wide variety of sizes, and much of the solution is contingent upon the extent of the agreement. So what exactly are you looking for in a property manager? Any agreement that a property owner enters into with a property management firm is a delegation agreement.

A property owner may wish to assign specific responsibilities and activities to a property manager while highly involved in other areas. Another proprietor may choose a near-complete ‘hands-off’ attitude. The cost of property management services varies by location, property type, and the estimated number of person-hours needed to offer those services.

Utility/Maintenance Costs

Buildings are like people; they age. So if you don’t want your home’s value to diminish, which you don’t, you should start planning now. Also, remember that some utility membership fees are required before you may enjoy your new Turkish house. In addition, if you decide to move in and live in your property, you must pay for a residency permit to stay lawfully in Turkey. 

The type of property or structure care vary greatly. A conventional apartment building will be less expensive than a residential complex with a pool or gym. An elevator makes a difference. A single residence or a large residential complex, however, is a different story. Ascertain you are aware of all maintenance and repair costs linked with the property. A board of directors and, in some cases, professional teams oversee and maintain stable structures and substantial residential complexes. Fees and expenses are split evenly among owners. Depending on the property, these can range from $50 to $1,000 or more.

Renting Out or Selling Your Property

Foreigners, like Turkish citizens, can rent out their properties. Turkish Lease Law allows you to freely negotiate contract conditions and rental rates as long as you follow the rules. The rental time is unlimited and is paid in foreign currencies. Rents are adjusted based on the annual PPI.

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