Top real estate advices in Turkey right now? The investment importance of this project? The central location in the most prestigious neighborhood in Istanbul, Nisantasi neighborhood, which includes the luxury shopping street that is required throughout the year for the high class (willing to pay a high rent or buy the property from you later at a high price), and at the same time full services surrounding it of specifications, centers, historical landmarks and old neighborhoods It is a huge fortune for lovers of art and originality. The current prices for the project are competitive, as the project is due to be delivered at the end of 2021 and therefore 6 months from the date of writing this article to ensure that the finishing touches are provided with high efficiency commensurate with the concept of The -Ritz Carlton.

Istanbul 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.

Even though Istanbul has always been one of the major cities of the world, both historically and in modern times, it is still an infant of the globe’s real estate market. Neglected for many years because of a dismal economy, lack of financing and credit, as well as substandard urban infrastructure, it wasn’t until the turn of the century that the government started to modernise the real estate market of Turkey to bring it inline with other destinations of the world. The result is that buyers are cashing in while it is still young and overall, property anywhere in Turkey has enormous potential when it comes to capital growth. According to the stat crunching portal Numbeo, prices per square meter in London range from 677% to 862% higher than Istanbul. See extra details at bomonti residence by rotana in Istanbul. We can not deny that real estate companies do not work to make money, but the idea promoted in the real estate circles that companies earn a lot of commissions in Turkey is wrong, and because commissions in the real estate sector vary from one company to another there is no fixed commission and the average commission obtained by companies In Turkey is 3% of the price of the property and they get this commission from the construction company of the project and not from the client. There are a lot of costs to real estate companies in the Turkish market, which makes the margin of profit low , including the high taxes of the Turkish government and other expenses related to the sale.

We will talk in detail about the foundations of successful real estate investment: To take an example of a strategic location for a lower budget, we have the Kayethane area, from which a new metro will be launched in 2022 that will reach Istanbul Airport and thus be the first metro to reach the new airport and from it anyone who wants to go to the new airport by metro will have to cross in this area This is a sure sign that the demand for it will rise for rent and resale So let’s go to Kait Hana and get any property close to the new metro station and thus achieve a profitable investment in a 100% guaranteed,,, I wish it was that simple, in fact in Kait Hana area itself there are many new projects and also there are a large number of old buildings and of course Most of them are not suitable for a successful real estate investment, why? Because the strategic location means uniqueness, and therefore the property that you will buy must also have specifications that make it unique, and in this way it will be in high demand for rent and profitable when reselling it later. Follow the rest of the foundations of successful investment to better understand this point.

Is Avangart still viable for investment? There is no doubt that today there are brighter opportunities in the Turkish real estate market, and this project remains a suitable option for investors in the long term, as real estate prices in this area are increasing due to the completion of new projects in the same area. 5- That the property in the future is desirable by the local market when reselling We must write in detail in another article why the real estate market in Turkey in general and in Istanbul in particular is a local market par excellence, and foreigners do not represent it at best more than 3%. In order not to prolong the day, we will not discuss this idea here, but we emphasize that a successful investment property must be in demand in the local market, and so you target Turks and foreigners when reselling means 100% of potential customers, but if you choose a property that foreigners want and Turks do not matter greatly, and therefore you will find When reselling yourself, you have to target only 3% of this huge market, and so the process will become more difficult. Sometimes there is a well-planned successful investment to target the foreigners themselves when reselling, but we are talking in general to warn about the size of the foreign market from the size of the total domestic market. Always remember that you can get a free consultation from our specialized team before you make any decision to buy an investment property (short or long term) or even a residential property in Istanbul. See additional info on https://mehmethekimoglu.com/.