Luxury apartments for investment services Istanbul, Turkey 2024

Best luxury apartments property investments services Istanbul, Turkey: A palace with a direct view of the Bosphorus! The importance of the Bosphorus Strait has been recognized since ancient times, with the finest luxurious palaces situated on both ends of this pass that separates Europe from Asia. The Topkapı Palace, the largest palace overlooking the entrance of the Bosphorus, symbolises the Ottoman caliphate’s glory in a strategically significant location. Why the Bosphorus and what is its symbolism? The idea of owning a historic palace with a direct view of the Bosphorus is extremely bold and particularly rare. You would be surprised to know that a budget of 20 million dollars is considered relatively average for owning a beautiful palace on the Bosphorus. The rarity of these palaces and their historical prestige are among the main reasons for their high prices. Additionally, their spaciousness surely contributes to the price escalation. They are more suitable as luxurious hotels rather than residential properties, but for enthusiasts of this experience, there are offers in the Turkish real estate market starting from around 20 million dollars, reaching upwards of 100 million dollars. Read more details on Istanbul real estate.

We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship.

The Istanbul real estate market is undoubtedly Turkey’s star performer when it comes to attracting investors from all corners of the globe. Historically, it has always been the number one destination in the country for domestic property sales, and in 2015, it overtook the Mediterranean region of Antalya as the most popular destination for foreign property buyers in Turkey. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities and 238,383 domestic sales. But what exactly is luring domestic and foreign buyers to invest in Istanbul real estate and more importantly, will this trend last? We think so.

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. Is Istanbul worth visiting? Of course! It is a beautiful city filled with astonishing landmarks and meaningful traditions. You will find a lot of exciting things to do in Istanbul. There are plenty of attractive Istanbul points of interest, so going sightseeing in Istanbul is such a fulfilling experience that you will never forget. Istanbul was first founded in 660 BC. It was named Byzantion at that time. In 330 AD, the city was rebuilt, and the name was changed into Constantinople. Throughout history, this city has served as the capital city of many imperials, from the Romans to the Ottoman. That is why you can feel the powerful influences of both Islam and Christianity in Istanbul. Some of the most famous Istanbul tourist attractions are magnificent mosques and churches.

Flexibility is required when you come across a property that suits you almost perfectly but is slightly above your budget. Also, if your plan is to sell a property you bought three years ago this year, but the market is suffering from inflation and stagnation this year, selling your property despite that will result in the loss of your profits or a significant portion of them. Thus, the time of stagnation is a time for buying new properties at reduced prices or waiting, and it is never the right time to sell your property.

And we belief in the role of real estate companies in providing the right information for those interested in real estate investment and the spread of investment awareness about Turkish real estate, that’s why our company Extra Property publishes educational articles about ownership in Turkey and the most important information that the owner needs during the ownership or investment in Turkey. In this article, we will highlight the most widespread misinformation about real estate in Turkey.

Here the distinction of Right Home is highlighted, where our team directly accesses the owner of the property and negotiates with him to obtain the best price for the customer, and it is common knowledge in the process of reselling real estate that the buyer pays a commission to the marketing company as does the original property owner as well, but here in Right Home we get the possible lowest price from the property owner and we do not take any commission from the buyer. This is for new properties that are sold for the first time, but what about properties resold directly from their owners? Thus, dealing with our company will be profitable for the client in all cases, and he will receive all of our services completely free of charge.

Istanbul, Turkey tourism is one of the top reasons to invest in Turkey. If you just want easy access to Istanbul’s top attractions without a guide, then another option would be to go on a Big Bus Tour. For me, there’s no better way to become acquainted with a new city than these Hop On Hop Off Tours. Double decker buses ply set routes that take you to many of the top attractions in Istanbul, and you can hop on and off as many times as you want for the duration of your pass. Very convenient indeed. The Grand and Egyptian Spice Bazaars are Istanbul’s most popular bazaars. One of the largest and oldest covered markets in the world with over 3,000 shops, you can buy all sorts of things at the Grand Bazaar like leather goods, jewelry, carpets, clothing, furniture, ceramics, and souvenirs.

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.

All these manipulations involved not a small number of clients, and this is not surprising, because the clients want to obtain Turkish citizenship and do not have a deep knowledge of the foundations of real estate investment in Istanbul, and unfortunately, they did not have the opportunity to speak with a capable real estate consultant with long experience in this market. Real estate investment in Istanbul does not depend on the number of properties that you will get within a budget of $ 250.000, not even on the large number of meters in your commercial store in a remote area, which you will not be able to rent with a high return, nor even sell it later, also does not depend on the number of rooms you have acquired when you buy an old property in an area far from the places of high demand for renting at high prices or selling later (not to mention the fact that the old properties have a real estate appraisal less than their real price and therefore real estate worth 250-300 thousand dollars is often not enough to provide an appropriate assessment of Turkish citizenship and therefore the investor has to purchase additional real estate to complete the real estate appraisal amount).

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.