Best real estate luxury apartments investment services Turkey: The Emlak Konut Floria project in Floria is a new development completed in 2023, contrasting with the majority of older properties in the area. While Floria is typically preferred by local residents, occasional foreign buyers also express interest in ownership there. The project itself features a very limited number of apartments, with only 10 units per building and no small-size options, making it ideal for families. The use of stone in the exterior finishes gives the project a unique advantage, as it is uncommon in modern Turkish architecture to incorporate stone into residential apartment exteriors. The special architectural design of the arches, along with multiple balconies for each apartment, truly makes owning a property in this project a unique and exclusive experience. Find even more info on https://righthome.com.tr/en/blogs/1719579091374/luxury-apartments-for-sale-in-istanbul-2024-with-photos.
Although it is clear as the sun that Istanbul is the only city where you can resell your property if you choose it correctly, we still receive investors to this day who are eager to buy properties outside Istanbul, tempted by their low prices and investment potential! If the goal is to spend a vacation and you buy a house in Trabzon, Yalova, Bursa, or even Antalya, it seems logical because you are not concerned with the opportunity to resell it later. The problem arises when some investors believe that buying a property outside Istanbul is suitable for high-yield rentals and easy resale in the future. Some even say that they will use the property during summer vacations and rent it out when they are not in the country. However, this idea cannot be achieved because no one wants to rent your property during the eight cold months.
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. 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.
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.
The right choice for the real estate company to deal with when buying the property in Turkey is important. Many owners who had a bad experience with real estate companies think that all real estate companies are similar and that the quality of their services is similar and this is not true, which makes many people wishing to own property choose the inappropriate company. The large number of ads on the social networks that encounter owners of interest in Turkish real estate and the huge amount of incorrect information spread about 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.
Turkey travel is one of the top reasons to invest in Turkey. The Sultan Ahmed Mosque is Istanbul’s most famous site and is the top thing to do in Istanbul. A visit to the city would not be complete without laying eyes on its beauty. It’s known by its more common name, The Blue Mosque because of the blue tiles surrounding the walls of its interior. It is still a functioning mosque but visitors can enter if they follow the rules. Long pants should be worn and women must have their shoulders and heads covered. Located in the old city, it’s the perfect way to start your day before moving on to the other sights nearby.
Smaller apartments tend to have quicker investment cycles compared to larger ones, whether for rental purposes or resale. Small apartments with areas around 65 square meters are in high demand, particularly in central Istanbul, as they cater to employees with small families who want to be close to their workplaces without paying exorbitant rents for larger apartments. Larger apartments with lower price per square meter, even within the same project as smaller ones, may have lower demand in central Istanbul. If you choose a non-central location, larger apartments can still be attractive to renters looking for spacious accommodations.
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%).
Galata Port Mall is a comprehensive commercial and entertainment complex located within Istanbul’s Galata district, Turkey. This mall is an integral part of the broader initiative to transform the historic Galata port into a contemporary tourist and cultural destination. Built upon the site of the former seaport, Galata Port Mall has undergone extensive renovation and transformation, emerging as a modern and all-encompassing shopping and entertainment destination. The complex features an array of retail outlets, restaurants, cafes, and entertainment spaces. Galata Port Mall provides a distinctive and immersive shopping experience, offering a wide range of products from renowned international brands to local favorites. Visitors are treated to a shopping environment that is both modern and comfortable, complete with enticing offers and discounts.