Real estate property and luxury apartments services Istanbul with righthome.com.tr: Located just 15 km away from the city centre, Floria is situated within the district of Bakirkoy, offering coastal views of the Sea Marmara. Floria itself is a highly well-off area known for its low-rise buildings and tranquil, elegant charm. The colour coordination, finest types of natural wood in the living room and bedrooms, along with glossy floors decorated with simple patterns,expose a magnificent royal touch to the place. In the kitchen, there is also a wide and comfortable space, featuring a high level of indulgence and scratch-resistant, plus to the high-quality materials. Prices for these independent villas start from around $2 million, while one-bedroom apartments in the same project start from $150,000. Read extra info at real estate investment for nationality.
Projects for non-professional developers – There is no problem with a new real estate developer in the Turkish market, because everyone one day started from scratch, but the big problem is when a developer is dishonest, his principles change if they conflict with his interests, sometimes there is an independent developer who builds one building in an area, whether it is central or remote On the center and when time passes and due to economic difficulties that buyers face, and this is normal according to the market economy cycle, this developer reduces its prices significantly to attract customers interested in buying his real estate, and after the sale is completed, he completes the project randomly using cheap materials to compensate for the profits he lost during the price reduction. Here we mention this point to alert the investor that the history of the real estate developer is very important to take into consideration when buying a property, especially in times of high inflation or recession.
Undoubtedly, a big lure for investors with their eye on the bottom line are the mega projects of Istanbul that when complete are predicted to raise property values even more than they have done already. The mega project on everyone’s lips at the moment is the new Istanbul third airport that when complete in 2028, will be the world’s transport hub. Investors are also buying up land and houses on the European side where the Istanbul Canal project will take place. Districts like Kucukcekmece are seeing a flurry of interest for value for money apartments for sale in Istanbul, because of the project that will create a mini city within a city.
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. Our goal is to earn your trust and make sure you are comfortable with the process of buying a home in Turkey from start to finish. 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.
Be cautious about buying properties that violate the laws because, in the near future, you will be the only loser. For example, buying a property valued at less than $400,000 but claiming it’s suitable for Turkish citizenship when the Turkish government has set a minimum of $400,000, there’s no room for manipulation at all. Be wary of advice from friends and acquaintances who have made unsuccessful real estate investments and are advising you to buy property in the same area or project, even though their investment is incomplete or unsuccessful. A successful investment is only complete when the property is sold, and thus, if one of your friends bought a property for $200,000, and its price is now $250,000, this is not considered a successful investment unless the owner manages to sell the property and complete the investment.
There are many real estate companies that are working to provide quality in all its services for those wishing to buy property in Turkey, which is working to strengthen the sources of information and you can inquire about these companies at the investment section of your embassy in Turkey to make sure that the company is good. Unfortunately, many people believe that there are cheap properties in Istanbul. This is not true. There are no cheap properties in Istanbul. We can call them lower quality properties. Many real estate companies that are interested in selling only are responsible for marketing this Illusion to its customers in order to increase sales only.
It is worth noting that today, by purchasing real estate online and by appointing one of our company’s lawyers, you can not only get the best investment opportunity while you are in your home, but also apply for Turkish citizenship for you and your family, and when you visit Turkey at a convenient time for you, you can directly receive the Turkish identity. We have always believed in Right Home that difficult circumstances carry distinct opportunities, and you too today can seize the opportunity of lower real estate prices and obtain Turkish citizenship while you are at your home sitting on a large sofa with your family.
Istanbul tourism is one of the top reasons to invest in Turkey. You must visit the Asian side of the city when visiting Istanbul. How often can you visit two continents in a matter of minutes and not even have to go through customs! We popped over to Asian Istanbul after a scenic cruise checking out the shores of both North and South. A good stop is Kanlica, famous for its thick yogurt. When strolling through the city, you’ll see many older gentlemen playing games. The game of choice is Backgammon and you must give it a try. Look for a local cafe offering boards to use, sit down and order a coffee or tea and play until your heart’s content. This popular game dates back 5,000 years in the Persian empire and is going strong today in the city of Istanbul.
Tips related to types of investment properties: Residential apartments typically have shorter investment cycles compared to commercial units. It’s not always a good idea to invest in a commercial unit in a project under construction with the intent to sell upon completion, but this strategy can work for residential apartments within the same project. Commercial units usually require less time to reach their peak price, making it easier for investors to exit their investments. However, villas are generally not considered for investment, unless they provide a high rental yield initially and the investor is willing to wait for a specific buyer interested in that particular villa.
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%).
Initiatives implemented in the Think Tepe project include infrastructure development, including improving the road and public transportation network and providing modern water, sanitation and electricity facilities. The project is designed to improve the quality of life and provide comfortable and integrated services to local residents and visitors. In addition, the project includes the construction of business and commercial centers and entertainment and leisure areas. These facilities aim to enhance economic activity, provide job opportunities in the region, and create a vibrant and prosperous urban environment. Cultural and heritage elements are also included in the Tepe Thought project. Important historical and architectural sites in the area have been preserved and rehabilitated into tourist and cultural attractions. The project also seeks to promote culture and arts and provide spaces for cultural performances and events.