High quality real estate investment in Turkey today? Calculating ROI in The-Ritz Carlton Nisantasi Apartments: The Ritz-Carlton apartments in Nisantasi are rented on a daily or weekly basis for a high return compared to the Ritz-Carlton Hotel in Istanbul. The price of a suite for two people without a view for one night is $400. If we calculate the rate of fullness of this apartment is only 50% annually, knowing that this area is desirable by tourists and businessmen throughout the year. We will find 400 dollars a day for 182 days a year, the total will be: 72,800 dollars annually. Thus, to reach the price of the property, we need about six and a half years, which means that the ROI is 15.38%, which is a very high rate compared to rents in Istanbul real estate, which is at best 8% as an annual return, but with a correct rental plan, an excellent location and a huge brand, this property can To change the concept of rental yield known in Istanbul.

Turkey tourism 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.

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. Discover extra information at Vadi Istanbul apartments for sale. 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.

We will talk in detail about the foundations of successful real estate investment: To take an example of a strategic location for a lower budget, we have the Kayethane area, from which a new metro will be launched in 2022 that will reach Istanbul Airport and thus be the first metro to reach the new airport and from it anyone who wants to go to the new airport by metro will have to cross in this area This is a sure sign that the demand for it will rise for rent and resale So let’s go to Kait Hana and get any property close to the new metro station and thus achieve a profitable investment in a 100% guaranteed,,, I wish it was that simple, in fact in Kait Hana area itself there are many new projects and also there are a large number of old buildings and of course Most of them are not suitable for a successful real estate investment, why? Because the strategic location means uniqueness, and therefore the property that you will buy must also have specifications that make it unique, and in this way it will be in high demand for rent and profitable when reselling it later. Follow the rest of the foundations of successful investment to better understand this point.

Is Avangart still viable for investment? There is no doubt that today there are brighter opportunities in the Turkish real estate market, and this project remains a suitable option for investors in the long term, as real estate prices in this area are increasing due to the completion of new projects in the same area. 5- That the property in the future is desirable by the local market when reselling We must write in detail in another article why the real estate market in Turkey in general and in Istanbul in particular is a local market par excellence, and foreigners do not represent it at best more than 3%. In order not to prolong the day, we will not discuss this idea here, but we emphasize that a successful investment property must be in demand in the local market, and so you target Turks and foreigners when reselling means 100% of potential customers, but if you choose a property that foreigners want and Turks do not matter greatly, and therefore you will find When reselling yourself, you have to target only 3% of this huge market, and so the process will become more difficult. Sometimes there is a well-planned successful investment to target the foreigners themselves when reselling, but we are talking in general to warn about the size of the foreign market from the size of the total domestic market. Always remember that you can get a free consultation from our specialized team before you make any decision to buy an investment property (short or long term) or even a residential property in Istanbul. See additional details on https://mehmethekimoglu.com/.