Top apartment real estate experts Turkey

Property investment experts Turkey today: Tips related to the concept and principles of real estate investment: The chosen property should align with the primary investment objective, whether it relies on capital appreciation in projects under construction for resale upon completion or focuses on high rental yields that can attract rental income significantly above the modest rental yields commonly found in Turkey. Profit calculations cannot be accurately assessed until the completion of the real estate investment and the sale of these properties according to the required timeline. For example, purchasing a property for $200,000 and earning an annual rental return of $10,000 does not mean you’ve made a 25% profit after five years. Your real profit only materializes when you manage to sell the property. Upon selling it for $250,000, you’ve actually realized a $100,000 profit – $50,000 from rental income over five years and $50,000 from the difference in purchase and sale prices, equaling a 100% return on capital over five years. Read extra info on benefits of turkish citizenship.

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.

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.”

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. 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.

Finally, as for the lands near the new Istanbul Canal, it is a very risky investment project that is not recommended for someone who owns a property for the first time in Turkey and wants to obtain Turkish citizenship. For more information about Istanbul Canal, read: Canal Istanbul project and its impact on real estate investment. So, what is the solution to get a successful real estate investment while obtaining Turkish citizenship? The amount of real estate investment to obtain Turkish citizenship was reduced to $ 250.000, according to what was issued in the Official Gazette on September 19, 2018, after it was previously worth one million dollars.

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. For a closer look at the glory of the Ottoman Empire, you should go to Topkapi Palace during your trip to Istanbul. Topkapi Palace was built in the 15th century. Mehmed the Conqueror ordered the construction of the palace in 1459. At first, the palace was named Yeni Saray, or the New Palace. Before this palace, the Sultan used to live in the Old Palace in Beyazit Square. The name was changed to Topkapi Palace in the 19th century. Topkapi means canon gate. After the fall of the Ottoman Empire in 1923, Topkapi Palace was turned into a museum in 1924. The palace, occupying a vast area of around 592,600 to 700,000 m2, has hundreds of rooms and chambers, but not all of these rooms are accessible for tourists. Only some of the most important ones are open to the public.

Right Home has been distinguished since its establishment by its special attention to customers, especially after completing the deal with the client, as after-sales services extend to several years, regardless of the size of the property that the customer acquired. At a time when we daily see dozens of customers who do not find after sales services, this exists in Right Home company, regardless of the size of the deal they made with other companies. Find extra details on https://righthome.com.tr/en/home.