High quality property investments experts Turkey
Real estate market solutions Istanbul, Turkey 2024: Let’s start immediately with the advantages of Right Home and talk about them in detail: The principle of work of real estate marketing companies in Istanbul is the well-known principle of mediation in any field of trade or services, where the broker is given a specific commission from the seller in the case that the deal is completed on the condition that the customer receives the same price without any increasing. Thus, if the customer decides to buy the property himself or with a real estate marketing company, the price will be the same, only the customer will lose the services of the marketing company before, during and after the sale, which is very important, especially if the customer is interested in obtaining Turkish citizenship. Discover even more info at buy real estate in Turkey.
One of the most popular rumors in the Arab market is that Turkish real estate is expensive, and many people interested in real estate investment think that the cost of entering the market is very high and this is not true, the most important is the awareness and understanding of the market well. You can start investing in the Turkish real estate market for up to $ 50,000 by investing in housing projects or university dorms as an example, which provides a good return on investment. Many of the major real estate investors fail to invest due to lack of market awareness and understanding of the future trends of the Turkish real estate market and because of the focus only on the quantity invested and not the type of investment.
Be cautious about buying properties that violate the laws because, in the near future, you will be the only loser. For example, buying a property valued at less than $400,000 but claiming it’s suitable for Turkish citizenship when the Turkish government has set a minimum of $400,000, there’s no room for manipulation at all. Be wary of advice from friends and acquaintances who have made unsuccessful real estate investments and are advising you to buy property in the same area or project, even though their investment is incomplete or unsuccessful. A successful investment is only complete when the property is sold, and thus, if one of your friends bought a property for $200,000, and its price is now $250,000, this is not considered a successful investment unless the owner manages to sell the property and complete the investment.
The Istanbul real estate market is undoubtedly Turkey’s star performer when it comes to attracting investors from all corners of the globe. Historically, it has always been the number one destination in the country for domestic property sales, and in 2015, it overtook the Mediterranean region of Antalya as the most popular destination for foreign property buyers in Turkey. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities and 238,383 domestic sales. But what exactly is luring domestic and foreign buyers to invest in Istanbul real estate and more importantly, will this trend last? We think so.
Istanbul, Turkey tourism is one of the top reasons to invest in Turkey. Compared to other attractions, Chora Church is out of the way but it’s worth the effort. A small Byzantine church converted to a mosque before being turned into a museum, it’s home to what many call the most stunning mosaics in Istanbul. Check out my post on Chora Church (Kariye Museum) in Istanbul for more pictures and information. Turkish cuisine is interesting. It’s colorful and nuanced and seems as diverse as the country’s landscape. Enjoy one meal at Ciya Sofrasi and you’ll see what I mean. We did all our own food research but in hindsight, I would have loved to go on a food tour. I think Turkish cuisine is best appreciated (and understood) with the guidance of a knowledgeable local. Culinary Backstreets can help you with that.
Many real estate investors understand that investing in off-plan properties can achieve the highest capital appreciation, as mentioned above. However, they make a simple but devastating mistake when choosing a location where prices have already significantly appreciated or where resale opportunities are nearly impossible. Regardless of the capital appreciation achieved, investing in a property with an unsuitable location can result in losing most or all of the returns obtained by the investor. Therefore, choosing the right location is the starting point for selecting a sound investment property. Forms of real estate investment have diversified, driven by the failure of some real estate brokerage companies to demonstrate the true beneficial investment to the client. Sometimes, there are offers to invest in land located at the ends of the Istanbul Canal, and the price per square meter of suitable land for construction can reach $200 today. However, this is merely an idea, and it could take 50 years from now to develop these lands when the Istanbul Canal project is completed, or the project could be postponed entirely. If the investor is aware of this point and understands that reselling the land currently is impossible and aims to invest for their descendants, there is no problem. However, from our daily experience, many investors believe that the prices of these lands will multiply fivefold in the coming years!! See extra information on https://righthome.com.tr/en.
The result is that one of Right Home’s clients received an investment with a profit rate of 110% in just two years, and this in investment science is symbolized by ROI = 55%, which is a really high percentage, especially if we know that this percentage was calculated for the US dollar and not for the Turkish lira. The investment was the purchase of an apartment under construction in an investment project in Sisli two years before the date of writing the article, equivalent to $ 150.000, and today the value of this same apartment is about $ 315.000, two years after the start of this investment. The good news is that this project is constructing a new tower with the same specifications as the first investment tower, in which opportunities can be seized now.
Right Home is a leading company specializing in real estate consultancy and brokerage. We help buyers to buy and sellers to sell. We provide luxury apartments, smart homes, elegantly designed offices, modern constructions and all consultancy services. Our head office located in Istanbul, Turkey. We take great pride in being more than just another real estate agency. We aim to develop long-lasting relationships with our clients by offering exceptional services and meeting customer’s utmost satisfaction. For a closer look at the glory of the Ottoman Empire, you should go to Topkapi Palace during your trip to Istanbul. Topkapi Palace was built in the 15th century. Mehmed the Conqueror ordered the construction of the palace in 1459. At first, the palace was named Yeni Saray, or the New Palace. Before this palace, the Sultan used to live in the Old Palace in Beyazit Square. The name was changed to Topkapi Palace in the 19th century. Topkapi means canon gate. After the fall of the Ottoman Empire in 1923, Topkapi Palace was turned into a museum in 1924. The palace, occupying a vast area of around 592,600 to 700,000 m2, has hundreds of rooms and chambers, but not all of these rooms are accessible for tourists. Only some of the most important ones are open to the public.
The Istanbul Arsenal Project envisages the transformation of this area into a multifaceted tourist and commercial complex. It will feature luxury hotels, dining establishments, retail outlets, shopping malls, museums, art galleries, and recreational facilities such as parks and theaters. Importantly, this transformation will preserve and harmoniously blend the original historical and architectural elements with modern infrastructure. The Istanbul Arsenal Project is poised to become a prominent tourist attraction within the city. It offers opportunities to revel in breathtaking sea views and landscapes while serving as a hub for cultural events, arts, and commerce. Visitors can anticipate a dynamic mix of cultural activities, shopping experiences, and entertainment, all within this unique locale. Furthermore, the Istanbul Arsenal Project contributes to the city’s broader efforts to develop coastal areas and harness the tourism and economic potential of the Mediterranean. The project is expected to captivate investors and visitors from around the world, thereby enhancing economic growth and generating fresh employment opportunities in the region.
Properties located away from the city center, such as Istanbul suburbs, typically have longer investment cycles (at least five years) before significant improvements in infrastructure and increased demand are noticed. The duration varies depending on the exact location and demand, both in the near (5 years) and distant (over 10 years) future. Anticipate the future of the area, the progress it will undergo, and the supply and demand dynamics at the time you intend to complete your investment plan. Do not judge the suitability of a property’s location solely by the name of the area it’s in. For example, many properties in Istanbul’s city center, like Sisli and Besiktas, are not suitable for investment regardless of their prices. At the same time, highly successful investment properties can be found in Istanbul’s suburbs, which are often overlooked for potential investment opportunities.