Best Moves for Real Estate Investors to Look Forward to in 2015
Real estate comprises of the land, buildings on it, as well as the other natural resources that are the fauna and flora. Nevertheless, in this case, the article will consider real estate market from a residential and commercial point of view.
In the world, real estate business is on the rise, and this is not an exception to the real estate investment in Turkey. The rise in demand of real estate investment has further led to the rise in investors’ concern on where to invest as well as how much capital to invest. We will address the best moves that a real estate investor should look forward in 2015.
The big picture of 2015
By looking at the nation’s economic and real estate indicators, 2015 has high investor optimism as well as positive news. Depending on the projections, the rent, and cost of real estate is intended to improve drastically in 2015. According to the recent trend, peoples who are renting houses in the previous years have increased while homeowners have decreased; this is a key factor for investors to look at since the trend is likely to go on in 2015.
In addition, the lending institutions have tight rules that hinder majority on getting a loan to build their homes, this is a good indicator that there will be more demand of rental houses in 2015. By this fact, the villas in Turkey will have less demand than the rental houses.
Jobs in a number of industries
The industries present in a place depend on the standards of living of the population in that place. In 2015, the investor should look the growth of industries in where he or she wants to invest in order to know the type of real estate he or she is supposed to invest on.
For instance, if an area has numerous universities and other learning institutions, the investor should invest more on a rental house. In addition, if the area has more of service industries, which pay well then the investor should consider investing on villas like majority of the villas in Turkey are located outside cities where a person with a car and who is earning well can access.
The local perspective
Before an investor invests in real estate, he or she should look at the perception of the people in the area he or she wants to invest in the real estate. According to William Bronchick (an attorney and a longtime investor), 2015 is projected to be a good year for owning rental properties and not for flippers.
The investor should first look at the population and know if majority own houses or prefer rentals. With this in the investors mind, he or she will be able to determine where he or she should invest on in 2015. Concerning the Villas for sale in Turkey, the locals feel that they are very expensive and thus they prefer rentals.
Demand for rental houses
In reality, more job seekers are moving to towns, and this greatly affects their decision on where to live. In 2015, the percentage of job seekers is expected to grow, and majorities are expected to seek jobs in cities where more opportunities are. With the growth of job seekers than the growth of employers, the rental houses are more on demand since job seekers do not have the money to buy their houses.
The majority of villas in Turkey are expensive not only to rent but also to buy, and this makes it hard for job seekers to own one either rental or as a homeowner. Before deciding on the type of real estate to invest in, the real estate investor should look at the class of the population living, or a probably will be willing to live in the area.
Conclusion
Real estate is on the rise, and the demand of houses is rising as the population is rising. Before a real estate investor is willing to invest, he or she should put into consideration on a number of issues like, the local perspective, industries in the area, demand that is if the people need to own houses or rent.
Furthermore, the investor should have the big picture of the year and the projection that are made not only by the government but also by independent bodies.
Category: Real Estate
