High quality property investment agency Istanbul, Turkey: 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. Read additional information on property for sale in Istanbul.
The cheapest property is not necessarily the best for investment. A thorough analysis is required to evaluate the advantages it offers compared to its price. Only then can a well-founded decision be made. For investment purposes, the size or the number of rooms in the property does not matter as much as the expected return it offers. Tips related to property location: Selecting a prime location is the key to successful resale and the foundation of any real estate investment. Properties in city centers generally have a faster investment cycle due to high demand and limited supply. An investment cycle in the city center can be completed in less than three years.
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.
The right choice for the real estate company to deal with when buying the property in Turkey is important. Many owners who had a bad experience with real estate companies think that all real estate companies are similar and that the quality of their services is similar and this is not true, which makes many people wishing to own property choose the inappropriate company. The large number of ads on the social networks that encounter owners of interest in Turkish real estate and the huge amount of incorrect information spread about real estate in Turkey.
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 tourism is one of the top reasons to invest in Turkey. Visited by nearly 3 million people daily, Istiklal Avenue is the beating heart of the city of Istanbul. This 1.4 km long pedestrian walkway houses everything from cinemas to nightclubs and boutiques to cafes. It’s also here that we tried our first Turkish Delight treats and bought some much-needed medication from the pharmacies. If you don’t feel like walking, you can take the historic tram all the way to Taksim Square to view the monument of the republic.
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. 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. Blue Mosque is another great spot for sightseeing in Istanbul. The official name of the mosque is Sultan Ahmed Mosque. It is famously known as the Blue Mosque because the ceiling of the mosque is lined with blue tiles. Another prominent feature of this mosque is the six minarets. The Blue Mosque began to be built in 1609. The construction took seven years to finish. Sultan Ahmed, I ordered the making of this mosque; Thus, the mosque gained its official name. This Istanbul tourism highlight is still an active mosque. People go to pray in the Blue Mosque. Visitors are allowed to enter the mosque every day from 9 AM to 6 PM except during prayer times. There are five prayer times every day, and each prayer time usually takes 30 minutes to conduct.
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 extra information on https://righthome.com.tr/en/home.