Real estate market services Istanbul, Turkey in 2023

Real estate investment experts Istanbul, Turkey right now: 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. Find additional information on Turkey real estate market.

Tips related to types of investment properties: Residential apartments typically have shorter investment cycles compared to commercial units. It's not always a good idea to invest in a commercial unit in a project under construction with the intent to sell upon completion, but this strategy can work for residential apartments within the same project. Commercial units usually require less time to reach their peak price, making it easier for investors to exit their investments. However, villas are generally not considered for investment, unless they provide a high rental yield initially and the investor is willing to wait for a specific buyer interested in that particular villa.

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.

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%. Discover even more info at https://righthome.com.tr/en/home.

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.

Even though Istanbul has always been one of the major cities of the world, both historically and in modern times, it is still an infant of the globe’s real estate market. Neglected for many years because of a dismal economy, lack of financing and credit, as well as substandard urban infrastructure, it wasn’t until the turn of the century that the government started to modernise the real estate market of Turkey to bring it inline with other destinations of the world. The result is that buyers are cashing in while it is still young and overall, property anywhere in Turkey has enormous potential when it comes to capital growth. According to the stat crunching portal Numbeo, prices per square meter in London range from 677% to 862% higher than Istanbul.

Istanbul tourism is one of the top reasons to invest in Turkey. If there is one thing that we wanted to try in Turkey was Turkish Coffee. We'd had it all over the world, but to have it in its country of origin was beyond heavenly. It takes great preparation to make this tiny little cup of caffeine, but the effort is worth it as it's one of the most delicious and rich blends of coffee you will ever have. Don't drink it to the last drop though, the bottom of the cup is filled with coffee grinds. (the secret ingredient perhaps?) The waterfront is filled with bars and clubs and this is where the hip young professionals of the city hang out. Dave and I clearly didn't hang out here as we're neither hip nor young, but we did take a stroll through the city and had a glass of wine!