Apartment real estate experts Turkey in 2024

Top apartment for investment experts Istanbul, Turkey: Let’s start immediately with the advantages of Right Home and talk about them in detail: The principle of work of real estate marketing companies in Istanbul is the well-known principle of mediation in any field of trade or services, where the broker is given a specific commission from the seller in the case that the deal is completed on the condition that the customer receives the same price without any increasing. Thus, if the customer decides to buy the property himself or with a real estate marketing company, the price will be the same, only the customer will lose the services of the marketing company before, during and after the sale, which is very important, especially if the customer is interested in obtaining Turkish citizenship. See additional info at property for sale in Turkey.

And we belief in the role of real estate companies in providing the right information for those interested in real estate investment and the spread of investment awareness about Turkish real estate, that’s why our company Extra Property publishes educational articles about ownership in Turkey and the most important information that the owner needs during the ownership or investment in Turkey. In this article, we will highlight the most widespread misinformation about real estate in Turkey.

A successful investment in real estate is a sensitive and complex process. You should not take it lightly or rely on incomplete experiences of others. Every property in Turkey has an appropriate price, but the lack of sufficient information with the sales representative makes them evaluate projects with incorrect criteria. However, what matters to you as an investor is choosing the property that suits you and your plan. Certainly, there are better projects than others when viewed from this perspective. If you have reached this point in this relatively long article, we would like to thank you on behalf of the Right Home company’s team. We are very interested in conscious investors who are genuinely interested in obtaining accurate information, no matter how much time and effort it takes.

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.

Turkey travel is one of the top reasons to invest in Turkey. Going on a scenic all-day cruise of the Bosphorus is one of Istanbul’s greatest pleasures according to many. They’re right. Sehir Hatlari is Istanbul’s official ferry company and offers three Bosphorus Cruises — Full, Short, and Moonlight (Evening). The Short Cruise takes you on a two-hour loop while the Full and Moonlight Cruises last for six hours and take you all the way to Anadolu Kavagi, which is the last dock before the Black Sea. It’s a charming seaside town where you can have a delicious seafood lunch or dinner by the water. Check out my post on the Bosphorus Cruise with Sehir Hatlari for more pictures and information.

We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship. See more information at https://righthome.com.tr/en.

The graphic shows the number of properties sold in Turkey in general from March 2019 to March 2021 and through March 2020 when Corona epidemic began to spread in the world in general and in Turkey in particular, where we witnessed the first closure that lasted until the end of May 2020 and perhaps the data above shows that the decrease in the number of properties sold in Turkey was only in April and May of 2020, to recover significantly in June 2020 and set a new record when compared with last year. We also note from the graph that the number of properties sold in March 2021, which is 111.241 properties, is higher than the number of properties sold in the same month of 2019 and it was 105.046. This means that properties sold after Corona are higher than before Corona in the same month two years ago, with an increase rate of 5.9%.

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.

Istanbul comprises 39 municipalities, with 24 in the European section and 15 in the Asian section. The city’s unique position provides it with the Black Sea and Sea of Marmara coastlines, in addition to the iconic Bosphorus Strait. Istanbul also boasts two lakes, Kucukcekmece and Buyukcekmece, ensuring that many areas offer sea or lake views. This has contributed to the growing significance of maritime transport, especially since the city’s unplanned expansion often results in congestion during peak hours. Sea taxis and public maritime transport alleviate this pressure, while the constantly expanding public transportation network, both above and below ground, further improves mobility.

Chasing the market and waiting for prices to drop based on inaccurate news will only result in missing out on investment opportunities. If you have gathered information from multiple professional real estate consultants, it is natural to meet with all of them when you visit Istanbul. We recommend starting with the one you assess as the most professional. Negotiation is a precise and complex process, especially in the Turkish real estate market. Ensure that the most skilled negotiator is someone with extensive experience in the market, who has conducted the most sales transactions and has the best reputation. Do not compromise when choosing a property. If a consultant (often a female consultant) recommends a property that you believe is not suitable for you, do not buy or even reserve the property unless you are 80% sure it is suitable for you. The result we see from our daily experiences is either purchasing an unsuitable property due to the client’s reluctance to contradict the sales representative or reserving an unsuitable property, leading to problems with canceling the reservation and refunding the reservation fees. Sometimes clients completely change their minds due to a situation they encounter.