Apartment real estate experts Istanbul right now

Top property investments solutions Turkey: The Eurasia Tunnel represents a remarkable engineering feat that connects the European and Asian segments of Istanbul, Turkey. Opened in December 2016, this undersea tunnel serves as a pivotal infrastructure project that enhances the city’s transportation and communication networks. The Eurasia Tunnel extends beneath the Bosphorus Strait, spanning approximately 5.4 kilometers in length. It comprises two traffic lanes in each direction, each equipped with advanced traffic control systems. The tunnel provides a direct conduit connecting the Kazlıçeşme district on the European side with Kadıköy on the Asian side of the city. The Eurasia Tunnel significantly alleviates the longstanding issue of traffic congestion in Istanbul, effectively reducing travel times between the European and Asian sectors. The tunnel emerges as a crucial choice for travelers seeking expedient transit between the city’s two diverse sections, thereby enhancing traffic flow and mitigating congestion on other bridges across the city. The tunnel is accessible to various types of vehicles, including cars, buses, and motorcycles, with a toll fee applied for usage. It operates around the clock to accommodate the transportation needs of travelers. Ultimately, the Eurasia Tunnel serves as a vital addition to Istanbul’s infrastructure, enhancing the city’s capacity for managing traffic and boosting connectivity between the European and Asian parts of the city. It also represents an extraordinary engineering achievement, reflecting the technological advancements in the field of transportation and communication within the region. Discover more info at projects in Istanbul.

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.

Flexibility is required when you come across a property that suits you almost perfectly but is slightly above your budget. Also, if your plan is to sell a property you bought three years ago this year, but the market is suffering from inflation and stagnation this year, selling your property despite that will result in the loss of your profits or a significant portion of them. Thus, the time of stagnation is a time for buying new properties at reduced prices or waiting, and it is never the right time to sell your property.

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.

Growing neighbourhoods like Kucukcekmece and Beylikduzu offer all the benefits of city life with easy access to shopping, nightlife and transport links. Yet they eliminate all the hustle and bustle by sitting on the outskirts, therefore providing more of a suburban feel than city dwelling. While the shores of the Bosphorus and areas like Sisli still remain the elite of Istanbul real estate markets, neighbourhoods like Esenyurt and Buyukcekmece with these new branded lifestyle projects are enabling the growing middle class to become real estate investors for less than £100,000 for properties in Istanbul, especially now with the current exchange rate between the Turkish lira and dollar that edges everything to a buyers advantage.

Turkey tourism is one of the top reasons to invest in Turkey. A short walk down the street takes you to the Grand Bazaar for the most exciting shopping experience you’ll ever have. There are more than 5,000 shops in the Grand Bazaar covering 60 streets. It was an important trading center dating back to the 15th century. I can only imagine how it once was with traders coming in from Asia and Africa bringing their exotic items for merchants to peruse from Europe. Spend a day losing yourself in the giant labyrinth that houses Mosques, hammams, cafes, and jewelry stalls.

Here the distinction of Right Home is highlighted, where our team directly accesses the owner of the property and negotiates with him to obtain the best price for the customer, and it is common knowledge in the process of reselling real estate that the buyer pays a commission to the marketing company as does the original property owner as well, but here in Right Home we get the possible lowest price from the property owner and we do not take any commission from the buyer. This is for new properties that are sold for the first time, but what about properties resold directly from their owners? Thus, dealing with our company will be profitable for the client in all cases, and he will receive all of our services completely free of charge. Discover more information at https://righthome.com.tr/.

The result is that one of Right Home’s clients received an investment with a profit rate of 110% in just two years, and this in investment science is symbolized by ROI = 55%, which is a really high percentage, especially if we know that this percentage was calculated for the US dollar and not for the Turkish lira. The investment was the purchase of an apartment under construction in an investment project in Sisli two years before the date of writing the article, equivalent to $ 150.000, and today the value of this same apartment is about $ 315.000, two years after the start of this investment. The good news is that this project is constructing a new tower with the same specifications as the first investment tower, in which opportunities can be seized now.

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. For a closer look at the glory of the Ottoman Empire, you should go to Topkapi Palace during your trip to Istanbul. Topkapi Palace was built in the 15th century. Mehmed the Conqueror ordered the construction of the palace in 1459. At first, the palace was named Yeni Saray, or the New Palace. Before this palace, the Sultan used to live in the Old Palace in Beyazit Square. The name was changed to Topkapi Palace in the 19th century. Topkapi means canon gate. After the fall of the Ottoman Empire in 1923, Topkapi Palace was turned into a museum in 1924. The palace, occupying a vast area of around 592,600 to 700,000 m2, has hundreds of rooms and chambers, but not all of these rooms are accessible for tourists. Only some of the most important ones are open to the public.