REIT (Real Estate Investment Trust) and GYF (Real Estate Investment Fund) are instruments for indirect real estate investment.
REIT
- Traded on Borsa Istanbul
- Various real estate portfolio
- Dividend distribution
- Tax advantages (institution) earnings)
GIF
- CMB regulated
- Professional managers
- Liquid (relatively easy to buy and sell)
- Diversified portfolio
Advantages
- High initial capital not required
- Diversification
- Professional management
- Liquidity
Risks
- Market fluctuation
- Interest rate impact
- Sector risk
- Manager decisions
Turkish REIT Examples
- Real Estate Housing
- Akiş GYO
- İş GYO
- Reysaş REIT
Tax
- REIT dividends without withholding tax (under certain conditions)
- Capital gains tax on share sales
- Double taxation prevention
Real estate and capital markets lawyer recommended.