Property investment experts Istanbul today: Supply is high and demand is low – Yes, demand has decreased due to inflation problems and high interest rates, as real estate loans, even to the local population, are not as attractive as they were before, and this, in fact, happened in all countries of the world, not only in Turkey. But the important question is what about the show? Are there a lot of real estate offered in the market similar to the real estate you want to buy or sell? Competing real estate is not the real estate in the same residential complex as you, but in the whole area that offers the same advantages as your real estate. Here, you should pay attention to two points: If you own a property and want to sell it, make sure that this time is not suitable if your property is in areas with many projects such as Basaksehir, Basin Express, or some areas of Bahcesehir, Beylikduzu and Esenyurt, and if you wait for the market boom period again, you will certainly be able to collect a higher price at least 30%. If you want to buy a resale property in an area with high competition, it must be at least 30% cheaper than the price of new real estate in similar projects, because you are now buying at a suitable time, and also because you bear the risk of owning an unwanted property. Find more info on buy apartment in Istanbul.
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.
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.
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.
Istanbul 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.
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. Read extra info on https://righthome.com.tr/en.
Many clients have their first goal in obtaining Turkish citizenship, and for the amount of $ 250.000, they do not give much importance to the real estate that will be purchased in it, and this is in fact a big mistake because Turkish citizenship is free and this amount is a condition for obtaining it, but through which a very profitable investment can be made, many clients of Right Home, after they were consulted for real estate suitable for Turkish citizenship and investment at the same time, they later consolidated their investments in Istanbul even after obtaining Turkish citizenship because the real estate market in Istanbul is a profitable market for investors in any case, provided that investment projects and the right options are chosen within these projects.
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. Our goal is to earn your trust and make sure you are comfortable with the process of buying a home in Turkey from start to finish. Lying under the city of Istanbul is the world’s most extensive ancient cistern system, named Basilica Cistern. The Basilica Cistern consists of hundreds of old cisterns built in the 6th century under the order from Emperor Justinian I, the Byzantine ruler at that time. Basilica Cistern is located about 150 meters southwest of Hagia Sophia. The cistern is standing on an area of 9,800 square meters, and it was able to hold up water up to 80,000 cubic meters, enabling it to provide clean water to Great Palace of Constantinople and other buildings on the First Hill. The Basilica Cistern was mistreated during the Ottoman Empire. In 1985, the Istanbul authority decided to clean the site and turned it into one of the most famous Istanbul tourist attractions. The impressive construction and the history of the building have attracted many tourists in Istanbul.
The People’s Park is meticulously designed with a focus on environmental sustainability, incorporating water conservation, recycling measures, and the utilization of native plant species. Benefits: The project’s principal goal is to furnish a natural sanctuary for travelers and airport visitors. It provides an atmosphere of serenity, fresh air, and scenic beauty, enhancing the overall quality of life and offering a healthier and more joyful environment. It should be acknowledged that the People’s Park Project at Ataturk Airport may be subject to alterations and further developments, with designs and facilities possibly adapting to future demands and prerequisites.
Investing in real estate can provide numerous benefits, including excellent returns and profits. Choosing the right property is crucial, and Istanbul offers a wide variety of attractive properties at competitive prices. Our professional consultant team provides free consultations to guide you towards a profitable real estate investment in Istanbul. The Turkish real estate market, especially in Istanbul, is highly sought after due to the strong demand for apartments in residential complexes. These complexes offer a range of apartment sizes, stunning views, and inclusive services, making them an ideal investment option. Istanbul’s well-developed infrastructure and year-round appeal make it a prime location for both long-term rentals and holiday accommodations.
