Buy real estate in Turkey by RightHome: Smaller apartments tend to have quicker investment cycles compared to larger ones, whether for rental purposes or resale. Small apartments with areas around 65 square meters are in high demand, particularly in central Istanbul, as they cater to employees with small families who want to be close to their workplaces without paying exorbitant rents for larger apartments. Larger apartments with lower price per square meter, even within the same project as smaller ones, may have lower demand in central Istanbul. If you choose a non-central location, larger apartments can still be attractive to renters looking for spacious accommodations. See even more information at return on investment at Turkey.
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.
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.”
Do not underestimate the advice of the company’s legal team, especially if you intend to apply for Turkish citizenship. We have heard of cases where clients did not follow their lawyer’s recommendations, resulting in delays in obtaining Turkish citizenship. Sometimes, Turkish citizenship can be revoked for children who have crossed the age of 18 due to negligence, either on the part of the brokerage company or, more often, the investor themselves.
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 tourism 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.
Anyone interested in the Turkish real estate market and conducted a quick search will realize that in modern projects that are sold for the first time, the prices are consolidated in lists that are updated monthly or bi-monthly and circulated to real estate brokerage companies and thus the prices are in unified lists, so how can Right Home give you prices cheaper than market rates? It is true that the primary price lists are standardized, but negotiating upon the completion of the deal is a skill and we are extremely professional in that. Our sales specialists can obtain a better price or a more flexible payment plan for you. Also our good and branching relationships in the real estate market have a great role during negotiations, and finally, the large number of deals we do makes the negotiation process easier and more fruitful when the project manager that our client wants to own realizes that we have achieved many deals in the same project and thus we get a high and real discount of up to 30%. Find even more information on https://righthome.com.tr/en.
All these manipulations involved not a small number of clients, and this is not surprising, because the clients want to obtain Turkish citizenship and do not have a deep knowledge of the foundations of real estate investment in Istanbul, and unfortunately, they did not have the opportunity to speak with a capable real estate consultant with long experience in this market. Real estate investment in Istanbul does not depend on the number of properties that you will get within a budget of $ 250.000, not even on the large number of meters in your commercial store in a remote area, which you will not be able to rent with a high return, nor even sell it later, also does not depend on the number of rooms you have acquired when you buy an old property in an area far from the places of high demand for renting at high prices or selling later (not to mention the fact that the old properties have a real estate appraisal less than their real price and therefore real estate worth 250-300 thousand dollars is often not enough to provide an appropriate assessment of Turkish citizenship and therefore the investor has to purchase additional real estate to complete the real estate appraisal amount).
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. In Eminonu neighborhood of Istanbul, near the Topkapi Palace, you can find the complex of The Istanbul Archaeology Museums, one of the most famous Istanbul points of interest. The museum consists of three buildings; each of them houses different theme of collections. The first one is the Museum of the Ancient Orient. This part of the museum displays pre Islamic artifacts obtained during the expansion of the Ottoman Empire. The second part of the museum is the Archaeology Museum. You can see traditional statues and sarcophagi in this part of the museum. The last part of the Istanbul Archeology Museums is the Tiled Pavilion. Mehmet The Conqueror ordered the construction of this pavilion back in 1472.
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.