Property investment services Istanbul, Turkey today: 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%). Find additional details at buy real estate in Turkey.
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%.
We can not deny that real estate companies do not work to make money, but the idea promoted in the real estate circles that companies earn a lot of commissions in Turkey is wrong, and because commissions in the real estate sector vary from one company to another there is no fixed commission and the average commission obtained by companies In Turkey is 3% of the price of the property and they get this commission from the construction company of the project and not from the client. There are a lot of costs to real estate companies in the Turkish market, which makes the margin of profit low , including the high taxes of the Turkish government and other expenses related to the sale.
Choosing the right property from the beginning will make the process of renting it out easier and help you achieve the highest return on your investment. Selecting the right property from the beginning will make the process of reselling it and ending your investment when you want to much smoother. Having a specialized legal team is essential when dealing with the company to protect your investments in Turkey. A real estate agent who does not respond to your logical requirements as part of their after-sales services should not be relied upon for your next investment.
Growing neighbourhoods like Kucukcekmece and Beylikduzu offer all the benefits of city life with easy access to shopping, nightlife and transport links. Yet they eliminate all the hustle and bustle by sitting on the outskirts, therefore providing more of a suburban feel than city dwelling. While the shores of the Bosphorus and areas like Sisli still remain the elite of Istanbul real estate markets, neighbourhoods like Esenyurt and Buyukcekmece with these new branded lifestyle projects are enabling the growing middle class to become real estate investors for less than £100,000 for properties in Istanbul, especially now with the current exchange rate between the Turkish lira and dollar that edges everything to a buyers advantage.
Turkey tourism is one of the top reasons to invest in Turkey. As described above, Sultanahmet is home to the city’s most important attractions like Ayasofya, Topkapi Palace, the Basilica Cistern, and the Blue Mosque. No first-time visit to Istanbul can be complete without visiting all these places. Travelers pressed for time can click on the link below to learn how you can visit these attractions in one day. But if you have more time, then it would be best to spread them out over two days. You can check my post on the top attractions at Sultanahmet Square in Istanbul for more pictures and information, but here’s a quick rundown of what you a can find there.
Although it is clear as the sun that Istanbul is the only city where you can resell your property if you choose it correctly, we still receive investors to this day who are eager to buy properties outside Istanbul, tempted by their low prices and investment potential! If the goal is to spend a vacation and you buy a house in Trabzon, Yalova, Bursa, or even Antalya, it seems logical because you are not concerned with the opportunity to resell it later. The problem arises when some investors believe that buying a property outside Istanbul is suitable for high-yield rentals and easy resale in the future. Some even say that they will use the property during summer vacations and rent it out when they are not in the country. However, this idea cannot be achieved because no one wants to rent your property during the eight cold months.
Our focus on Istanbul, rather than Turkey as a whole, is driven by the intent to discuss the best types of real estate investment opportunities and the expeditious achievement of substantial returns. While other Turkish cities are suitable for housing or summer getaways and offer some investment prospects, Istanbul stands out due to the substantial difference in rental demand and potential for resale. Geographically, Istanbul is the only city in the world that spans two continents – Europe and Asia – separated by the Bosphorus Strait, a critical waterway in the Black Sea region. The Bosphorus links the Black Sea and the Sea of Marmara, and through the Dardanelles Strait, the Sea of Marmara connects to the Aegean Sea, making it a pivotal water route in the entire region.
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 summers in Istanbul are scorching, and the winters here can be snowy. Therefore, the best time to go to Istanbul is during the spring (April – May), during which the sky is clear, and the weather is beautiful. The fall season will also give you a pleasant temperature, so another best time to visit Istanbul is from September to mid-November. Many people come to Istanbul for their summer vacation. The weather during this season is quite lovely, though it can be warm sometimes. And, during the summer, the city is packed with lots of tourists, so it will be more difficult to enjoy all those Istanbul tourist attractions. The rates of hotels in Istanbul are also rocketing during the summer.
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.