Best property investment solutions Istanbul, Turkey
Best rated property investments experts Istanbul: The People’s Park Project at Ataturk Airport is an innovative undertaking designed to establish an extensive green area within Istanbul’s Ataturk Airport. This visionary project seeks to provide travelers and visitors with a serene outdoor space where they can unwind and enjoy nature before or after their flights. Crucial information about the People’s Park Project at Ataturk Airport includes: Location: A designated area within the airport has been earmarked for the creation of the park, with a vision to craft a verdant oasis in the heart of the city. Facilities: The project encompasses public amenities such as green spaces, trees, walking paths, benches and seating areas, fountains, and small lakes. These amenities aim to cultivate a tranquil environment infused with natural beauty. Read additional information on https://righthome.com.tr/en.
Turkey’s 2023 vision plan aims to increase the capita per household to that of European countries. Combine this with government incentives, as well as a growing population and the buyers’ market is set to grow even more. The process of buying a house in Turkey even for foreigners is also quicker and easier than that of many other countries, with cheap taxes and reduced costs. Keep the property for five years, and you will be exempt from capital gains tax as well. One strong reason investing in Istanbul real estate is taking off is the mass of new branded housing projects, particularly occurring on the outskirts of the main city centre. Brand new modern homes with modern architecture are being combined with a range of social and community facilities to redefine the concept of neighbourhoods in what is Turkey’s biggest and most populated city.
Istanbul 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.
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!! Discover additional details on righthome.com.tr.
Our goal in presenting these statistics is to clarify that the number of properties sold in Turkey, of which Turkish citizens constitute 97%, while the share of foreigners is only 3%, as shown in the figure below for the number of properties sold to foreigners in Turkey (compared during March 2021). From this we conclude that the vast majority of real estate was sold in the local market, and this clearly means that the Turkish real estate market is a profitable investment market, otherwise there would not have been an increased demand for new real estate purchases, especially under construction by Turkish citizens (who do not seek citizenship but a net investment 100%).
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 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.
Focus first on legal information, followed by specific areas. Do not accept any real estate consultant who asks how many rooms you want and then starts sending dozens of random offers. Choose your sources and advisors based on the valuable information they provide, and do not be swayed by the attractive facade of someone who speaks with you without offering useful information. In the end, your successful investment is your goal. The presence of an active blog section on the website of the real estate consultant you are dealing with is an indication that the experiences of this company are genuine, and you can assess their depth through the depth of the content you read.
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.
Many beginners in real estate investing in Turkey are looking for quick profit, which makes them rush in their decisions and they often end up in loss. The real estate sector is one of the most growing sectors in Turkey which provides all investors with a good investment return, but the key to success in this sector is time. Investor’s efforts must first be based on understanding the market and then choosing the best property in terms of region and quality. Then wait, as one real estate investment expert says. “Real estate investors are the only ones who make money while they are asleep.”
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.
