Property investment solutions Istanbul right now: The Urban Development Project in the Fakir Tepe area in Kadikoy is a comprehensive project that aims to transform this area in Istanbul, Turkey, into a modern and developed urban center. Located in the Kadikoy district on the Asian side of Istanbul, Fakir Tepe is part of the city’s redevelopment initiative. The Fikre Tepe civilizational development project includes several initiatives and improvements in infrastructure, public facilities, and the development of the surrounding areas. The project is implemented in cooperation between the local government, private companies and investors with the aim of promoting the economic, social and cultural development of the region. The urban development project in the Fikir Tepe region aims to make the region an integrated, multi-use destination that combines housing, business, entertainment, and culture. The project is an opportunity to transform this area into a prosperous and sustainable community with a high quality of life. Discover even more details at Istanbul real estate.

Sometimes, there are offers for commercial properties as a form of change without clarifying that this type of investment is suitable only in the long term. Furthermore, the continuous devaluation of the Turkish lira makes long-term lease contracts a diminishing source of investment, even if they start with attractive figures like 7%, they will end after five years with a return that does not exceed 2%. We do not recommend these types of investments, as there are certainly better options in the market. However, we must clarify the reality behind these presented offers. Sometimes, there are offers for pre-owned apartments or even villas at prices lower than the prices of new properties. These opportunities may be suitable only for those who seek permanent residence, and their percentage among foreigners who own properties in Turkey does not exceed 2%. As for investment, even if you furnish them anew and achieve an initially impressive return of 8%, this return will be eroded over time due to the depreciation of the Turkish lira against the dollar. The greater disaster is your inability to resell your property later when you want to end your investment.

Focus first on legal information, followed by specific areas. Do not accept any real estate consultant who asks how many rooms you want and then starts sending dozens of random offers. Choose your sources and advisors based on the valuable information they provide, and do not be swayed by the attractive facade of someone who speaks with you without offering useful information. In the end, your successful investment is your goal. The presence of an active blog section on the website of the real estate consultant you are dealing with is an indication that the experiences of this company are genuine, and you can assess their depth through the depth of the content you read.

Do not underestimate the advice of the company’s legal team, especially if you intend to apply for Turkish citizenship. We have heard of cases where clients did not follow their lawyer’s recommendations, resulting in delays in obtaining Turkish citizenship. Sometimes, Turkish citizenship can be revoked for children who have crossed the age of 18 due to negligence, either on the part of the brokerage company or, more often, the investor themselves.

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.

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.

Turkey travel is one of the top reasons to invest in Turkey. Hagia Sophia is considered one of the most beautiful buildings in the world. It was once a church and a mosque but is now one of the most visited museums in the world. For 916 years it was a church and then following the conquest of the Sultan Mehmed, it was converted into a mosque and remained so for 482 years. In 1935 it was converted into a museum and visitors can enter daily to see the mosaics, calligraphy, tiles and Sultan’s lodge.

What is the reason for the failure of real estate investment in Istanbul for some clients? We mentioned at the beginning of the article that the real estate market in Turkey in general and in Istanbul in particular is witnessing a great prosperity, and this prosperity is accompanied by the entry of hundreds of inexperienced real estate consultants who rely on playing with the feelings of the client and misleading him by offering non-investment offers as the best investment in Istanbul (such as buying 6 Apartments at the price of Turkish citizenship, or buying a large commercial store in a remote area, buying an old independent house, or buying agricultural or residential land, so that its price will multiply hundreds of times when the new Istanbul Canal is established).

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. We take great pride in being more than just another real estate agency. We aim to develop long-lasting relationships with our clients by offering exceptional services and meeting customer’s utmost satisfaction. The summers in Istanbul are scorching, and the winters here can be snowy. Therefore, the best time to go to Istanbul is during the spring (April – May), during which the sky is clear, and the weather is beautiful. The fall season will also give you a pleasant temperature, so another best time to visit Istanbul is from September to mid-November. Many people come to Istanbul for their summer vacation. The weather during this season is quite lovely, though it can be warm sometimes. And, during the summer, the city is packed with lots of tourists, so it will be more difficult to enjoy all those Istanbul tourist attractions. The rates of hotels in Istanbul are also rocketing during the summer.

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. See extra info on https://righthome.com.tr/.