real estate development
real estate development
What is real estate development in Turkey?
If you are interested in the Turkish real estate market, you must have heard about real estate development in Turkey and may have wondered about the content of this concept. By real estate development, we mean owning and modifying property and carrying out the reforms and innovations to bring it back into the real estate market.
The forms of real estate development may include buying and investing land by building residential or commercial projects, which brings it into the investment circle. the other form is through the restoration of old properties such as apartments and residential buildings and their rehabilitation for housing according to modern specifications.
Whatever form of real estate development you may want to do is an important investment tool, especially if it is under the supervision of an experienced entity in this field. Such projects require a great effort and careful analysis of the market situation and requirements, the level of supply and demand, and the investment idea suitable for the location of the property to be developed.
It is called the entity responsible for the development of the property whether it is an individual or a company of the real estate developer and is responsible for studying the market and proposing appropriate investment ideas and studying its feasibility then selecting the best and working on its application and then marketing the project to make a profit from it.
Therefore, any real estate development project comprises several parties:
-The owner of the property to be developed, who is mostly the financier of the property development process.
- Real estate developer: the entity that studies all possible investment ideas, and works on analyzing them and studying the pros and cons of each idea, as he knows the requirements of the market and what projects are most requested because they will market real estate later. This body is working to coordinate with the executive to accomplish the most appropriate investment idea.
- Executive: which consists of construction companies, especially in the start's case of an integrated construction project, engineers, designers, maintenance workers in the renovation's case of an existing building.
Real estate development by Property Advisor Company of Turkey:
Although real estate development is an independent section of real estate consulting and real estate brokerage, the Property Advisor company with its specialized and professional team and its long experience in the Turkish real estate market can provide real estate development service to its clients to the fullest.
The company offers real estate in strategic locations that need to be developed, whether in old areas, whose buildings often need to be demolished and rebuilt in a modern style, or in new areas where the investment is very profitable. Because of its long experience, the company can predict the most sought-after areas based on recent real estate market trends, and it is often these areas that are experiencing a clear service development, which increases demand and profitability.
The Property Advisor team works professionally to analyze feasibility studies for projects and to inform investors transparently about the potential risks by giving the real estate and legal advice. The company also cooperates with the best executives with an excellent reputation in the Turkish market. Besides, the company has a strong and extensive network of relationships with the best construction companies, engineers, and designers known for their mastery and prowess.
The role of the company does not end when proposing investment ideas and communicating with the executives, but the company provides the investor with an integrated marketing plan for the property that has been developed so that the company through its large database ensures a good level of demand for the project.
The concept of real estate development is linked to a concerted effort within the company by several departments, the most important of which is the specialized section in market studies and research, which analyzes economic changes and market fluctuations, the investment management team, which is concerned with finding the most appropriate development method, the public relations team that builds its communications with both investors and executives, and also the marketing department that provides the integrated marketing plan.