Real estate investment experts Istanbul in 2024: 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. Find more info on Buy property in Turkey.
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.
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.
Istanbul tourism is one of the top reasons to invest in Turkey. With the majority of tourist attractions located on the European side, most first-time travelers to Istanbul don’t venture into the Asian side of the city. Had it not been for Ciya Sofrasi and Walter’s Coffee Roastery, then we wouldn’t have gone there either. Home to a maze of cafes, bars, restaurants, and some trendy neighborhoods, the Asian side has much to offer and is well worth a day if you can spare it. We traveled around Turkey for two weeks so we went to these places on our own, but if you don’t have as much time, then you can visit them on day trips from Istanbul as well. Domestic flights are inexpensive and efficient in Turkey, making these day trips to other regions highly possible.
The lack of knowledge among the old investors led them to offer their real estate for resale at low prices because of their first choice of non-investment real estate at the beginning when buying it, and also their choice of wrong timing in selling the real estate, and thus the absence of demand made them believe that the problem was in the asking price, and therefore they reduced the price several times so that the property would eventually be bought by an expert investor. Less than its real price, sometimes by 50%, just to wait for the market to stabilize so that it can collect a profit of 50%, even without renting the property, only by reselling it later at its correct price. See more details on https://righthome.com.tr/.
What are the profit rates for real estate investors in Istanbul through Right Home? When our real estate consultant over the phone explains the areas of Istanbul, how to invest, the best projects in each area, and the best options in each project, the customer becomes aware of the investment mechanism and how to profit in the Turkish real estate market, and when the customer meets when he comes to Istanbul immediately with the sales representative of Right Home, he will immediately feel that every second of his time is being used correctly and only projects that are suitable for his request and that achieve high returns on investment are offered to him.
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.
In addition to its economic aspects, the Kartal Real Estate Transformation Project places considerable emphasis on preserving the cultural and historical heritage of the region. Key historical and architectural landmarks in Kartal are being conserved and repurposed as tourist attractions and cultural venues. Spaces are also allocated for cultural performances and artistic events, fostering a richer cultural life in the region. Ultimately, the goal of the Kartal real estate transformation is to create a multifaceted, integrated destination that combines housing, commerce, entertainment, and essential services. This project presents a unique opportunity to transform Kartal into a thriving and sustainable urban community that offers a high quality of life.
Tips related to the concept and principles of real estate investment: The chosen property should align with the primary investment objective, whether it relies on capital appreciation in projects under construction for resale upon completion or focuses on high rental yields that can attract rental income significantly above the modest rental yields commonly found in Turkey. Profit calculations cannot be accurately assessed until the completion of the real estate investment and the sale of these properties according to the required timeline. For example, purchasing a property for $200,000 and earning an annual rental return of $10,000 does not mean you’ve made a 25% profit after five years. Your real profit only materializes when you manage to sell the property. Upon selling it for $250,000, you’ve actually realized a $100,000 profit – $50,000 from rental income over five years and $50,000 from the difference in purchase and sale prices, equaling a 100% return on capital over five years.