Premium apartment for investment agency Istanbul: 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%. Find even more details on buy real estate in Turkey.
Today our real estate consultant can describe to you the areas of Istanbul and the projects that may interest you to own them accurately as if you are on a real tour, and when you like one of our projects, we will have a virtual real estate tour and visit the project and get to know the surrounding area and the advantages of private investment in it or housing in case your goal is a residential property. Through the video calls, we will show you everything and carry out the negotiation processes. When we get the appropriate option, we sign the contract. This virtual process does not diminish from the real process except for the handshake that we used to do with the client when the deal was completed.
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.
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.
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.
Istanbul tourism is one of the top reasons to invest in Turkey. Compared to other attractions, Chora Church is out of the way but it’s worth the effort. A small Byzantine church converted to a mosque before being turned into a museum, it’s home to what many call the most stunning mosaics in Istanbul. Check out my post on Chora Church (Kariye Museum) in Istanbul for more pictures and information. Turkish cuisine is interesting. It’s colorful and nuanced and seems as diverse as the country’s landscape. Enjoy one meal at Ciya Sofrasi and you’ll see what I mean. We did all our own food research but in hindsight, I would have loved to go on a food tour. I think Turkish cuisine is best appreciated (and understood) with the guidance of a knowledgeable local. Culinary Backstreets can help you with that.
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.
Situated in the heart of the Galata district, Galata Port Mall enjoys a central location that attracts both locals and tourists. Visitors have the opportunity to explore the nearby historic neighborhoods and discover the multitude of attractions in the vicinity, including the iconic Galata Tower and the renowned Istiklal Street. In summary, Galata Port Mall presents a holistic and enjoyable shopping experience for visitors. It also offers entertainment options and other services, making it a favored destination for both shoppers and those seeking a memorable time in Istanbul. The mall also houses a diverse selection of dining options, including restaurants and cafes that serve a variety of cuisine, both local and international. Visitors can unwind and savor delicious meals or enjoy a cup of coffee within a relaxed and inviting ambiance. Complementing its retail and dining offerings, the mall boasts entertainment areas that encompass a range of activities and events. These include a video game arcade, a family-oriented entertainment center, and a cinema hall, providing a diverse array of recreational experiences for visitors.
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. Istanbul is the capital of Turkey and one of the popular tourist destinations worldwide. The rich culture and glorious history attracts many to visit this one of the largest cities in Europe. Beautiful city Istanbul is a complete historic city where the main attractions are many years old mosques and churches. Some topmost must-see landmarks are Sultan Ahmed Mosque, Hagia Sophia, Topkapi Palace, and Ortakoy Mosque. The traditional Grand Bazaar became an iconic must-visit popular market for tourists in Istanbul. And this market is also one of the largest and oldest markets in the world. Another popular and historical activity in Istanbul is Turkish Baths. There are many hamams or Turkish bathhouses you might like to try for the first time during your trip.
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.