Top property investment solutions Turkey: Choose properties in cities with high demand, such as Istanbul, and avoid other cities where resale possibilities are nearly impossible. Even in Antalya and the southern coast, despite high demand for vacation homes, the likelihood of resale with a substantial profit is very low. The earlier a property is in the construction process, the greater the expected capital appreciation upon completion, but the risks are also higher at the same time. If the property lacks investment advantages that set it apart from neighboring properties in terms of price per square meter or other existing or future amenities, it fails to fulfill the primary investment principle of uniqueness. Read more details on Istanbul property market trends.
Firstly, it is important to define real estate investment correctly to understand its principles. Real estate investment refers to investing a specified capital over a defined period to generate additional returns on the capital invested. Investment can take the form of purchasing a property under construction at a price X and selling it after two or three years at a price of 2X, thus achieving a 100% return on investment over three years, which translates to an annual ROI of 33.4%. Investment can also involve purchasing a ready property and leasing it, either furnished or unfurnished, for a certain period, such as three years, and later selling it at the same or higher price. For example, if we buy a property valued at X and lease it annually with a 7% return, after three years, we can sell the property at the same price we bought it, resulting in an investment return of X1.21, which is a 21% return over three years. Therefore, the annual ROI is 7%. If we manage to sell the property after this period at a higher price than X, it means the annual investment return exceeds 7%, and if we sell it at a price lower than X, it means the annual return is less than 7%. However, if we cannot sell the property after the investment period, regardless of its market value at that time, it would be considered a losing real estate investment (which is the case for at least 60% of property purchases in Istanbul today). To avoid making a losing real estate investment, it is essential to study the principles of investment correctly and apply them with the assistance of a real estate expert.
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.”
Choosing the right property from the beginning will make the process of renting it out easier and help you achieve the highest return on your investment. Selecting the right property from the beginning will make the process of reselling it and ending your investment when you want to much smoother. Having a specialized legal team is essential when dealing with the company to protect your investments in Turkey. A real estate agent who does not respond to your logical requirements as part of their after-sales services should not be relied upon for your next investment.
Whereas London is already one of the world’s premier cities, the Turkey 2023 vision plan aims to boost Istanbul to equal status, and this gives real estate investors the edge. In 2016, Barnes International also ranked Istanbul as the number one city for potential. Gone are the days, when we buy a house for life. Changing lifestyle habits as well as work and career commitments means selling a house is just as important as buying it. Studies say current generations will own an average of three different houses in the lifetime, hence buyers are also hedging their bets when it comes to selling and that is where the Istanbul real estate market steps up.
Istanbul tourism is one of the top reasons to invest in Turkey. The Galata Tower offers beautiful views of the city. It is located just North of the Golden Horn in the Galata Quarter. We stayed in an apartment looking right up at this tower and it was breathtaking. It is 9 stories high with a restaurant cafe and nightclub. You can take tours up to view the city. There’s a great square at the base of the Galata Tower where you can enjoy some Turkish Coffee and Turkish Delight while people watching on the terrace.
With our previous clients, we were able to achieve 100% profits in less than 3 years through systematic and thoughtful real estate investment through our experience in the market and our studies of the basics of successful investment, you also can achieve a successful investment and achieve profits of not less than 35% through your real estate investment with Right Home. In Right Home, we do not deal with an independent lawyer, but rather we have a legal team consisting of a group of lawyers with experience in the issues of foreign ownership of real estate in Turkey and obtaining Turkish citizenship and who are fluent in the English and Arabic languages, and the interested client is connected to the legal team directly to ask all legal questions related to the process of getting real estate or obtaining Turkish citizenship in its various states. See additional info on https://righthome.com.tr/.
What is the reason for the failure of real estate investment in Istanbul for some clients? We mentioned at the beginning of the article that the real estate market in Turkey in general and in Istanbul in particular is witnessing a great prosperity, and this prosperity is accompanied by the entry of hundreds of inexperienced real estate consultants who rely on playing with the feelings of the client and misleading him by offering non-investment offers as the best investment in Istanbul (such as buying 6 Apartments at the price of Turkish citizenship, or buying a large commercial store in a remote area, buying an old independent house, or buying agricultural or residential land, so that its price will multiply hundreds of times when the new Istanbul Canal is established).
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. In Eminonu neighborhood of Istanbul, near the Topkapi Palace, you can find the complex of The Istanbul Archaeology Museums, one of the most famous Istanbul points of interest. The museum consists of three buildings; each of them houses different theme of collections. The first one is the Museum of the Ancient Orient. This part of the museum displays pre Islamic artifacts obtained during the expansion of the Ottoman Empire. The second part of the museum is the Archaeology Museum. You can see traditional statues and sarcophagi in this part of the museum. The last part of the Istanbul Archeology Museums is the Tiled Pavilion. Mehmet The Conqueror ordered the construction of this pavilion back in 1472.
The Kartal Real Estate Transformation Project underscores the commitment of local authorities and investors to evolving the region into a forward-looking urban hub, catering to the diverse needs of its residents. The project also takes a keen interest in providing suitable housing options, with an emphasis on creating high-quality residential units and integrated residential facilities. This approach is designed to enhance the overall quality of life and ensure safe and comfortable housing for residents. It is expected that the Kartal real estate transformation project will yield a positive impact on the local economy by promoting commercial activities, tourism, and job creation. This initiative represents a commitment to sustainable development, fostering environmental, social, and economic sustainability within the region. The joint efforts of the local government and investors aim to make Kartal an appealing destination for both investors and residents by enhancing the overall environment and providing essential services and economic prospects.