High reputation real estate advices in Istanbul today

Excellent real estate investment in Turkey right now? What are you waiting for, contact us to get the best offer for the most investment feasible apartment in the project! Also, upon resale, all the elements of a successful investment are available in this property from a privileged location, as it is the only new project in the region, the lack of competition and the high demand for luxury properties of the Ritz-Carlton brand, and therefore upon resale later, regardless of the high rental return, the owner of this property will be able to sell it and achieve Additional profits over the price at which it was bought, even if the evaluation was done in foreign currencies. Even if we assume a fullness rate of less than 50% (which is unlikely) or the daily rent is less than $400 and there may be expenses for managing the property with all of the above, the ROI will not be less than 12%, which is a very high rate not only in Istanbul but in the whole world.

Turkey travel 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.

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. Find even more info on bomonti residence by rotana in Istanbul. The purchase of real estate in Turkey requires a lot of effort, especially for those wishing to own property for the first time or for big investors. The Turkish real estate market is changing rapidly and all its players need full awareness of the market and its future directions. Given the many information available on the Internet about investment or real estate in Turkey, this raises doubts about the credibility of companies that put this information on platforms and accounts on social networks.

Now the important question comes to our mind, which is how much does it cost to buy an apartment for two bedrooms in the above project? Prices for real estate with a partial Bosphorus view will start at least from 450 thousand dollars for a bedroom and a hall and from 650 thousand dollars for two bedrooms and a hall. We know that this budget exceeds the expectations of many foreign investors, but these are the logical prices for these properties, as they overlook the Bosphorus and in the Sisli district in central Istanbul, in a modern, full-service tower building. Do I need 450 thousand dollars to start a successful investment in Istanbul? Of course, not necessarily. The strategic location does not mean only real estate near the Bosphorus. Let us explain the matter simply through the following rule: “Any real estate in a strategic location (city center / near an important transportation station / near a highway / with a high rental return / distinguished from the surrounding real estate to make it easier to sell later with profits) is a valid investment property if most of the other investment bases are available”.

If your investment plan is long, you must exclusively obtain a high rental return, otherwise your real estate investment will not be ideal. The question here is how do I know that the rental return for a property is considered high? We always advise dealing with a professional real estate broker because calculating the long-term rental return depends on many intertwined matters, including: Preference for real estate with rapidly growing rental income based on real data from infrastructure development and general improvement in the region. The high rental yield should not negatively affect the price of the property when reselling in the future. That the property is easy to rent and that the investor does not have to keep his property without a tenant for several months to find a tenant who is able to pay the promised rental return. A geographical analysis of the area chosen by the investor and what is the future expectation for it, according to the studies. Is the neighborhood in which the property was chosen is promising for growth with time, or will it become obsolete? What are the bases that will make your property in demand in the future when you finish the investment and want to sell it? Read extra details at https://mehmethekimoglu.com/.