At some point in life, those who were able to save up some money earned through hard work, might find themselves asking, “What should I do with my money?”
A typical answer that they probably found is investing. It’s easy to see why it most likely is true. Money is of no use if not being spent or used to generate more money. Investing makes a lot of sense and, if done safely, is a sure way to increase one’s wealth.
At this point, another question arises, “What should I invest in?” Arguably, one of the safest investment types is real estate. It’s long-term, usually profitable, has real-world use, and is tangible. Plus depending on the type of property can start making returns right away through rent, for example.
But if you start considering real estate, in places like Turkey, for example, a somewhat different opportunity may present itself. Turkey is a huge tourist destination, so a potential real estate investor while on the topic of buying a property might as well think about getting a vacation home.
There are obvious differences between buying as purely an investment and getting a vacation home.
A person only looking to invest will want to grow their investment as efficiently as possible. As such, they would consider something like buying an apartment in a large city, where housing is usually scarce, which means not only their property is likely to keep growing in value amid strong demand but also that they can rent it out and start getting a return immediately.
A vacation home, be it a detached house, villa, or apartment, is different in purpose. Personal comfort and convenience take first place. As the name suggests, it would be your second home whenever you go on a vacation. The economic side of the deal takes the back seat. It doesn’t mean that buying a vacation home is a loss-making purchase. Health real estate markets usually grow anyhow, so such a property’s value is likely to grow over time albeit at a very different pace and scale.
But sometimes you don’t have to make a choice. Or rather find something that suits both at the same time. If you are in the Turkish market, for instance, you will find out that there are plenty of options that can be a solid, lucrative investment and a great vacation home. Turkey is a major tourist hotspot with an abundance of diverse holiday destinations across the country.
Some of these resort areas also have lively, upward-looking property markets. Antalya is the most obvious example of such a case. It’s a large city by every standard and also a top tourist destination that welcomes millions of vacation-goers every year. In fact, some of these vacation-goers are actually homeowners in Antalya and very likely happy investors.
And it’s, of course, not just Antalya, but many other places in Turkey.
Several factors make Turkey a unique real estate market, and the possibility of making a sound investment that can at the same time bring personal pleasure is one of them. So when you have an opportunity to kill two birds with one stone, why not take it?
