Top rated real estate market experts Istanbul: Tips related to types of investment properties: Residential apartments typically have shorter investment cycles compared to commercial units. It’s not always a good idea to invest in a commercial unit in a project under construction with the intent to sell upon completion, but this strategy can work for residential apartments within the same project. Commercial units usually require less time to reach their peak price, making it easier for investors to exit their investments. However, villas are generally not considered for investment, unless they provide a high rental yield initially and the investor is willing to wait for a specific buyer interested in that particular villa. Find extra details on property investment in Turkey.
Beware of scams that are often designed not to steal your money directly but to make unrealistic promises that cannot be fulfilled in reality, such as a guaranteed 10% permanent rental return or profits of up to 300% within two years, and so on. Be cautious of offers that come with a gift wrap, as they are often (but not always) a deception, such as a guarantee of renting apartments for three years in regular apartments. What happens after those three years? Or offers like buying land near the Istanbul Canal and selling it at double the current price after two years. Be aware that if the square meter price actually increases, the abundance of such offers will prevent you from achieving the desired profit. Or offers like buying two apartments for $400,000 in total, claiming they are suitable for Turkish citizenship.
The purchase of real estate in Turkey requires a lot of effort, especially for those wishing to own property for the first time or for big investors. The Turkish real estate market is changing rapidly and all its players need full awareness of the market and its future directions. Given the many information available on the Internet about investment or real estate in Turkey, this raises doubts about the credibility of companies that put this information on platforms and accounts on social networks.
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. Going on a scenic all-day cruise of the Bosphorus is one of Istanbul’s greatest pleasures according to many. They’re right. Sehir Hatlari is Istanbul’s official ferry company and offers three Bosphorus Cruises — Full, Short, and Moonlight (Evening). The Short Cruise takes you on a two-hour loop while the Full and Moonlight Cruises last for six hours and take you all the way to Anadolu Kavagi, which is the last dock before the Black Sea. It’s a charming seaside town where you can have a delicious seafood lunch or dinner by the water. Check out my post on the Bosphorus Cruise with Sehir Hatlari for more pictures and information.
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 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. The perfect place to witness the trace of emperors in Istanbul is Hagia Sophia. It was built in 537 AD, the impressive building first served as an Orthodox church, but after the Ottoman invasion, it was turned into a mosque in 1453. In the 20th century, the government decided to secularize Hagia Sophia and declare this historic building as a museum. It was first opened on February 1, 1935. The highlight of this Istanbul landmark is the massive dome. With 102 feet in diameter and 184 feet in height, the dome of Hagia Sophia is considered as the marvel of architecture in that timeline.
Here the distinction of Right Home is highlighted, where our team directly accesses the owner of the property and negotiates with him to obtain the best price for the customer, and it is common knowledge in the process of reselling real estate that the buyer pays a commission to the marketing company as does the original property owner as well, but here in Right Home we get the possible lowest price from the property owner and we do not take any commission from the buyer. This is for new properties that are sold for the first time, but what about properties resold directly from their owners? Thus, dealing with our company will be profitable for the client in all cases, and he will receive all of our services completely free of charge. Discover extra information at https://righthome.com.tr/en/home.