Real estate market services Istanbul 2023: The follower of the real estate market in Istanbul since 2017 is fully aware that the first feature on which the projects of the Basin Express area are promoted is that it is close to Ataturk Airport (currently closed after the opening of the new Istanbul Airport in the north) This same point must be kept by the real estate investor in his eyes when searching for his next investment property and to check these advantages of the project, whether they are continuous or fleeting with time. With this view, the investor can discover and evaluate new offers in the event that there are promising projects that will be implemented for sure during the investment cycle he is considering. For example, the Istanbul Canal project, which has been discussed since the 16th century until now, has not actually started. It is illogical to buy real estate or land close to the canal in order to benefit from the canal project during the next five years (knowing that the canal project, if started, needs 10 years to be completed). implement it) Also, the investor who buys agricultural land for the purpose of organizing its housing, whether it is near the Istanbul Canal or in any other area, must be fully aware that investing in agricultural lands is a long-term investment whose results cannot be harvested before 15 to 20 years, and sometimes more. Find additional information on best place to buy property in Istanbul.
Tips related to the concept and principles of real estate investment: The chosen property should align with the primary investment objective, whether it relies on capital appreciation in projects under construction for resale upon completion or focuses on high rental yields that can attract rental income significantly above the modest rental yields commonly found in Turkey. Profit calculations cannot be accurately assessed until the completion of the real estate investment and the sale of these properties according to the required timeline. For example, purchasing a property for $200,000 and earning an annual rental return of $10,000 does not mean you’ve made a 25% profit after five years. Your real profit only materializes when you manage to sell the property. Upon selling it for $250,000, you’ve actually realized a $100,000 profit – $50,000 from rental income over five years and $50,000 from the difference in purchase and sale prices, equaling a 100% return on capital over five years.
Choosing the right property from the beginning will make the process of renting it out easier and help you achieve the highest return on your investment. Selecting the right property from the beginning will make the process of reselling it and ending your investment when you want to much smoother. Having a specialized legal team is essential when dealing with the company to protect your investments in Turkey. A real estate agent who does not respond to your logical requirements as part of their after-sales services should not be relied upon for your next investment.
There are many real estate companies that are working to provide quality in all its services for those wishing to buy property in Turkey, which is working to strengthen the sources of information and you can inquire about these companies at the investment section of your embassy in Turkey to make sure that the company is good. Unfortunately, many people believe that there are cheap properties in Istanbul. This is not true. There are no cheap properties in Istanbul. We can call them lower quality properties. Many real estate companies that are interested in selling only are responsible for marketing this Illusion to its customers in order to increase sales only.
Even though Istanbul has always been one of the major cities of the world, both historically and in modern times, it is still an infant of the globe’s real estate market. Neglected for many years because of a dismal economy, lack of financing and credit, as well as substandard urban infrastructure, it wasn’t until the turn of the century that the government started to modernise the real estate market of Turkey to bring it inline with other destinations of the world. The result is that buyers are cashing in while it is still young and overall, property anywhere in Turkey has enormous potential when it comes to capital growth. According to the stat crunching portal Numbeo, prices per square meter in London range from 677% to 862% higher than Istanbul.
Turkey travel is one of the top reasons to invest in Turkey. With the majority of tourist attractions located on the European side, most first-time travelers to Istanbul don’t venture into the Asian side of the city. Had it not been for Ciya Sofrasi and Walter’s Coffee Roastery, then we wouldn’t have gone there either. Home to a maze of cafes, bars, restaurants, and some trendy neighborhoods, the Asian side has much to offer and is well worth a day if you can spare it. We traveled around Turkey for two weeks so we went to these places on our own, but if you don’t have as much time, then you can visit them on day trips from Istanbul as well. Domestic flights are inexpensive and efficient in Turkey, making these day trips to other regions highly possible.
As for the question: Should we sacrifice $ 250.000 in order to obtain Turkish citizenship? Also, the answer has become clear as long as local citizens represent the vast majority of buyers of new real estate in Turkey. This means, on one hand, that this market is an investment, and therefore the idea of losing $ 250.000 in order to obtain real estate is a wrong idea and we will discuss its reasons shortly, and on the other hand, building a market for foreigners in order to mislead them as long as they constitute at best only 3% of the Turkish real estate market will not happen. After we have provided the proven answer with evidence of the feasibility of real estate investment in Istanbul, we now move to more detail to mention the profit rates for real estate investors in Istanbul through Right Home Company, but before that it is necessary to explain the reason for the claims made by some recent real estate owners regarding the failure of real estate investment in Istanbul.
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 are dedicated to giving you the very best experience finding the Right Home! We have a team of real estate consultants, who are available for you for any needs that might arise. The summers in Istanbul are scorching, and the winters here can be snowy. Therefore, the best time to go to Istanbul is during the spring (April – May), during which the sky is clear, and the weather is beautiful. The fall season will also give you a pleasant temperature, so another best time to visit Istanbul is from September to mid-November. Many people come to Istanbul for their summer vacation. The weather during this season is quite lovely, though it can be warm sometimes. And, during the summer, the city is packed with lots of tourists, so it will be more difficult to enjoy all those Istanbul tourist attractions. The rates of hotels in Istanbul are also rocketing during the summer.
It is worth noting that this process is usually expensive, especially if the lawyer is fluent in a language other than Turkish and has experience with topics of interest to the foreign investor exclusively in Turkey, but at Right Home we do not charge any fees for legal advice. As for the transaction of Turkish citizenship through investment, usually the costs of the lawyer who will prepare the papers and submit the application are about 4 or 5 thousand dollars, but at Right Home we have a valid offer until the date of writing this blog as we fully cover the fees of lawyers for clients who bought through our company and want to obtain Turkish citizenship. Discover additional information on https://righthome.com.tr/en/home.