Apartment for investment agency Istanbul, Turkey 2024: The measures introduced under the Kartal Real Estate Transformation Project encompass various facets of infrastructure development. These include the enhancement of road networks, public transportation systems, and the provision of contemporary water, sanitation, and electricity facilities. These improvements are intended to elevate the quality of life and deliver convenient and integrated services to the local population and visitors alike. Furthermore, the project encompasses the establishment of commercial centers, entertainment zones, and shopping districts. These facilities are designed to invigorate economic activity, generate employment opportunities within the area, and enrich the shopping and entertainment experiences for residents and visitors alike. Discover extra information on best real estate agency in turkey.
We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship.
The cheapest property is not necessarily the best for investment. A thorough analysis is required to evaluate the advantages it offers compared to its price. Only then can a well-founded decision be made. For investment purposes, the size or the number of rooms in the property does not matter as much as the expected return it offers. Tips related to property location: Selecting a prime location is the key to successful resale and the foundation of any real estate investment. Properties in city centers generally have a faster investment cycle due to high demand and limited supply. An investment cycle in the city center can be completed in less than three years.
Flexibility is required when you come across a property that suits you almost perfectly but is slightly above your budget. Also, if your plan is to sell a property you bought three years ago this year, but the market is suffering from inflation and stagnation this year, selling your property despite that will result in the loss of your profits or a significant portion of them. Thus, the time of stagnation is a time for buying new properties at reduced prices or waiting, and it is never the right time to sell your property.
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.
The Istanbul real estate market is undoubtedly Turkey’s star performer when it comes to attracting investors from all corners of the globe. Historically, it has always been the number one destination in the country for domestic property sales, and in 2015, it overtook the Mediterranean region of Antalya as the most popular destination for foreign property buyers in Turkey. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities and 238,383 domestic sales. But what exactly is luring domestic and foreign buyers to invest in Istanbul real estate and more importantly, will this trend last? We think so.
Istanbul, Turkey tourism is one of the top reasons to invest in Turkey. If you just want easy access to Istanbul’s top attractions without a guide, then another option would be to go on a Big Bus Tour. For me, there’s no better way to become acquainted with a new city than these Hop On Hop Off Tours. Double decker buses ply set routes that take you to many of the top attractions in Istanbul, and you can hop on and off as many times as you want for the duration of your pass. Very convenient indeed. The Grand and Egyptian Spice Bazaars are Istanbul’s most popular bazaars. One of the largest and oldest covered markets in the world with over 3,000 shops, you can buy all sorts of things at the Grand Bazaar like leather goods, jewelry, carpets, clothing, furniture, ceramics, and souvenirs.
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. 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. Blue Mosque is another great spot for sightseeing in Istanbul. The official name of the mosque is Sultan Ahmed Mosque. It is famously known as the Blue Mosque because the ceiling of the mosque is lined with blue tiles. Another prominent feature of this mosque is the six minarets. The Blue Mosque began to be built in 1609. The construction took seven years to finish. Sultan Ahmed, I ordered the making of this mosque; Thus, the mosque gained its official name. This Istanbul tourism highlight is still an active mosque. People go to pray in the Blue Mosque. Visitors are allowed to enter the mosque every day from 9 AM to 6 PM except during prayer times. There are five prayer times every day, and each prayer time usually takes 30 minutes to conduct.
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. See even more details at https://righthome.com.tr/.