Apartment for investment solutions Turkey with righthome.com.tr: The Istanbul Canal Project is a substantial initiative aimed at constructing a new waterway that connects the Sea of Marmara and the Mediterranean Sea within Istanbul, Turkey. This grand project is envisioned to address traffic congestion within the Bosphorus Strait, improving maritime transportation in the region. Objective: The project’s primary objective is to create an alternative waterway to the Bosphorus Strait, thus mitigating traffic congestion and enhancing navigational safety. Proposed Route: The canal is expected to follow a route spanning approximately 45 kilometers, commencing from the town of Çılburnu on the Black Sea and culminating at the town of Durakul on the Sea of Marmara. Dimensions and Capacity: The canal is projected to boast a width of roughly 400 meters and a depth of around 25 meters, facilitating the passage of large vessels. The project incorporates the construction of ports and loading/unloading areas. Read even more information on Istanbul luxury apartments for sale.
The lack of knowledge among the old investors led them to offer their real estate for resale at low prices because of their first choice of non-investment real estate at the beginning when buying it, and also their choice of wrong timing in selling the real estate, and thus the absence of demand made them believe that the problem was in the asking price, and therefore they reduced the price several times so that the property would eventually be bought by an expert investor. Less than its real price, sometimes by 50%, just to wait for the market to stabilize so that it can collect a profit of 50%, even without renting the property, only by reselling it later at its correct price.
Try to combine multiple advantages when choosing an investment property location. For example, a property in central Istanbul, close to an upcoming transportation hub, and near an important university offers multiple benefits that can result in a successful resale. Choosing a premium location without evaluating the price per square meter at the same time may lead to purchasing an excellent property in an excellent location at a price higher than the market, making resale difficult. This is a common issue with upscale towers in central Istanbul.
Clearly state your requirements to the sales representative when you meet with them. If you have a fixed budget that cannot be exceeded, it is best to mention it to avoid getting a property tour that does not match your requirements, wasting your valuable time and energy in Istanbul. For example, a client who requests the best investment properties without specifying a budget will have the sales representative search in central Istanbul to find a suitable property. If the client’s budget is not suitable for properties in the center, they will find that property prices are high, and they may withdraw from the idea of investing at a time when suitable investment properties are available in other areas. The sales representative could have visited these areas with the client if they had disclosed their approximate budget.
The right choice for the real estate company to deal with when buying the property in Turkey is important. Many owners who had a bad experience with real estate companies think that all real estate companies are similar and that the quality of their services is similar and this is not true, which makes many people wishing to own property choose the inappropriate company. The large number of ads on the social networks that encounter owners of interest in Turkish real estate and the huge amount of incorrect information spread about real estate in Turkey.
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 tourism is one of the top reasons to invest in Turkey. You must visit the Asian side of the city when visiting Istanbul. How often can you visit two continents in a matter of minutes and not even have to go through customs! We popped over to Asian Istanbul after a scenic cruise checking out the shores of both North and South. A good stop is Kanlica, famous for its thick yogurt. When strolling through the city, you’ll see many older gentlemen playing games. The game of choice is Backgammon and you must give it a try. Look for a local cafe offering boards to use, sit down and order a coffee or tea and play until your heart’s content. This popular game dates back 5,000 years in the Persian empire and is going strong today in the city of Istanbul.
If your investment goal is in Istanbul, especially if you want to obtain Turkish citizenship (this means you cannot resell your properties for 3 years), here stands the main thing for Right Home’s vision, which is being a real estate investment company in Istanbul, as our role is not limited only to indicating the appropriate projects, but we have a consulting team specialized in studying the market, studying real estate projects and the history of construction companies, in addition to studying the laws of supply and demand in the present, in the past and in the future. Make sure that all of the above is very important when choosing your investment properties because from our daily experiences we notice completely wrong investment choices that some clients make by misleading them by companies starting out in the real estate market or non-consulting real estate brokerage companies, and this is often done by tempting the customer for obtaining cheap real estate or being deluded by the fact that a certain area is an investment area without relying on real criteria in evaluating the investment. Find even more information on https://righthome.com.tr/.
The result is that one of Right Home’s clients received an investment with a profit rate of 110% in just two years, and this in investment science is symbolized by ROI = 55%, which is a really high percentage, especially if we know that this percentage was calculated for the US dollar and not for the Turkish lira. The investment was the purchase of an apartment under construction in an investment project in Sisli two years before the date of writing the article, equivalent to $ 150.000, and today the value of this same apartment is about $ 315.000, two years after the start of this investment. The good news is that this project is constructing a new tower with the same specifications as the first investment tower, in which opportunities can be seized now.
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. 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.