Luxury apartments property investments services Istanbul, Turkey right now: The Emlak Konut Floria project in Floria is a new development completed in 2023, contrasting with the majority of older properties in the area. While Floria is typically preferred by local residents, occasional foreign buyers also express interest in ownership there. The project itself features a very limited number of apartments, with only 10 units per building and no small-size options, making it ideal for families. The use of stone in the exterior finishes gives the project a unique advantage, as it is uncommon in modern Turkish architecture to incorporate stone into residential apartment exteriors. The special architectural design of the arches, along with multiple balconies for each apartment, truly makes owning a property in this project a unique and exclusive experience. Discover more details at Luxury apartments for sale in Istanbul.
A big difference between the meter price of the new property and the relatively old one – It is known that the most famous type of real estate investment is made in Istanbul by buying a property under construction and reselling it later upon delivery with a profit of up to 25% annually if the property is chosen correctly. But what if you find that the property under construction has a higher price per square meter than the ready property (with the same specifications, services, and level)? This is what we found clear in many projects within the areas that we mentioned above. Thus, there is a very large pressure to sell ready-to move real estate, which makes the price of the new real estate under construction unattractive to the investor. But what about the central areas such as the neighborhoods of Sisli, Nisantasi and Bomonti and the real estate near the highway and the Seyrantepe near the vadi Istanbul Mall and Beyoglu near Taksim Square? Certainly, these are central areas where demand is always high, and therefore you cannot find this imbalance in them. And if you want to own a property in it, there is no need to wait because waiting for the best opportunity is wasting today’s opportunity, which is undoubtedly the best tomorrow.
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.
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. Istanbul is the capital of Turkey and one of the popular tourist destinations worldwide. The rich culture and glorious history attracts many to visit this one of the largest cities in Europe. Beautiful city Istanbul is a complete historic city where the main attractions are many years old mosques and churches. Some topmost must-see landmarks are Sultan Ahmed Mosque, Hagia Sophia, Topkapi Palace, and Ortakoy Mosque. The traditional Grand Bazaar became an iconic must-visit popular market for tourists in Istanbul. And this market is also one of the largest and oldest markets in the world. Another popular and historical activity in Istanbul is Turkish Baths. There are many hamams or Turkish bathhouses you might like to try for the first time during your trip.
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.
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.
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.
Turkey tourism is one of the top reasons to invest in Turkey. Home to the iconic Galata Tower and Dolmabahce Palace as well as the city’s most fashionable boulevard in Istiklal Caddesi, the neighborhoods across Galata Bridge provide an interesting mix of old and new that’s different in feel to the time-honored charm of Sultanahmet. If you enjoy shopping, good food, and perhaps a taste of Istanbul’s nightlife, then this is where you need to be. You can check my post on Galata Bridge, Beyoglu, and Dolmabahce Palace in Istanbul for more pictures and information, but here’s a quick rundown of what you a can find there: As described, you can visit all these sites on your own, but you may want to consider a guided tour as well, especially if you want to learn more about each place.
Land with building permits typically has a shorter investment cycle compared to agricultural land (without building permits). Agricultural land in various parts of Istanbul, especially near the Istanbul Canal, is often sold with the unrealistic expectation of generating substantial profits within one or two years. This type of investment usually requires at least 20 years to yield reasonable returns. Full buildings intended for use as hotel apartments should be purchased, invested in, and later sold with the same approach, including furnishing and equipping them. Success in this type of investment is not guaranteed without such comprehensive planning.
Our goal in presenting these statistics is to clarify that the number of properties sold in Turkey, of which Turkish citizens constitute 97%, while the share of foreigners is only 3%, as shown in the figure below for the number of properties sold to foreigners in Turkey (compared during March 2021). From this we conclude that the vast majority of real estate was sold in the local market, and this clearly means that the Turkish real estate market is a profitable investment market, otherwise there would not have been an increased demand for new real estate purchases, especially under construction by Turkish citizens (who do not seek citizenship but a net investment 100%).
The People’s Park is meticulously designed with a focus on environmental sustainability, incorporating water conservation, recycling measures, and the utilization of native plant species. Benefits: The project’s principal goal is to furnish a natural sanctuary for travelers and airport visitors. It provides an atmosphere of serenity, fresh air, and scenic beauty, enhancing the overall quality of life and offering a healthier and more joyful environment. It should be acknowledged that the People’s Park Project at Ataturk Airport may be subject to alterations and further developments, with designs and facilities possibly adapting to future demands and prerequisites.