Property investment solutions Istanbul, Turkey right now: The Botanical City in Basaksehir is an inspiring model for sustainable development in cities. The city’s vision reflects its commitment to protecting the environment and promoting the balance between nature and urbanity. The presence of plants and green spaces in the city enhances the health and well-being of residents and works to create a more attractive and sustainable environment for everyone. Başakşehir is a distinctive destination for visitors and residents who want to live in a renewable and sustainable urban environment with great interest in plants and nature. The Botanical City in Basaksehir is a pioneering urban project designed to create a sustainable and eco-friendly environment by incorporating green spaces throughout the city’s infrastructure. This innovative concept promotes urban gardening, improving air quality, providing shade, reducing heat, and enhancing the city’s aesthetic appeal. The city encompasses walking and cycling areas, gardens, parks, schools, hospitals, malls, restaurants, and cafes, catering to residents’ needs and quality of life. Read even more info at Apartments for sale in Istanbul.
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, Turkey travel is one of the top reasons to invest in Turkey. Considerably smaller than the Grand Bazaar, the Spice Bazaar is home to around a hundred shops selling dried fruits, nuts, spices, tea, Turkish Delight, and other goodies. Both are walking distance from Sultanahmet Square. Follow the link for a DIY walking tour of Istanbul’s Bazaars and Rustem Pasha Mosque, a small but beautiful mosque near the Spice Bazaar. You can easily visit the Grand and Spice Bazaars on your own but if you’d like to go on a guided tour, then you can book one through Get Your Guide. Having a guide will be helpful, especially at the Grand bazaar because it’s so big. Follow the link to check out Get Your Guide’s Grand and Spice Bazaar tours.
Supply is high and demand is low – Yes, demand has decreased due to inflation problems and high interest rates, as real estate loans, even to the local population, are not as attractive as they were before, and this, in fact, happened in all countries of the world, not only in Turkey. But the important question is what about the show? Are there a lot of real estate offered in the market similar to the real estate you want to buy or sell? Competing real estate is not the real estate in the same residential complex as you, but in the whole area that offers the same advantages as your real estate. Here, you should pay attention to two points: If you own a property and want to sell it, make sure that this time is not suitable if your property is in areas with many projects such as Basaksehir, Basin Express, or some areas of Bahcesehir, Beylikduzu and Esenyurt, and if you wait for the market boom period again, you will certainly be able to collect a higher price at least 30%. If you want to buy a resale property in an area with high competition, it must be at least 30% cheaper than the price of new real estate in similar projects, because you are now buying at a suitable time, and also because you bear the risk of owning an unwanted property. Find more info 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. 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. 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.
Smaller apartments tend to have quicker investment cycles compared to larger ones, whether for rental purposes or resale. Small apartments with areas around 65 square meters are in high demand, particularly in central Istanbul, as they cater to employees with small families who want to be close to their workplaces without paying exorbitant rents for larger apartments. Larger apartments with lower price per square meter, even within the same project as smaller ones, may have lower demand in central Istanbul. If you choose a non-central location, larger apartments can still be attractive to renters looking for spacious accommodations.
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.
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.
Make sure that you have chosen the right company, not just the right consultant, for the following advice during this stage. Tips for after purchasing the property: If you have done everything correctly, you will generally be happy at this stage and should not encounter any problems in the present or future. After-sales services are not limited to empty promises made by the sales representative during the contract signing but serve as a complete reference to the company’s operations and its past performance. Additionally, the actual duration of the company’s presence in the real estate market is significant. The continuity of a real estate brokerage company for more than five years is a clear indication that it is capable of handling post-sale processes.