High reputation real estate news in Turkey right now? What are you waiting for, contact us to get the best offer for the most investment feasible apartment in the project! Also, upon resale, all the elements of a successful investment are available in this property from a privileged location, as it is the only new project in the region, the lack of competition and the high demand for luxury properties of the Ritz-Carlton brand, and therefore upon resale later, regardless of the high rental return, the owner of this property will be able to sell it and achieve Additional profits over the price at which it was bought, even if the evaluation was done in foreign currencies. Even if we assume a fullness rate of less than 50% (which is unlikely) or the daily rent is less than $400 and there may be expenses for managing the property with all of the above, the ROI will not be less than 12%, which is a very high rate not only in Istanbul but in the whole world.
Istanbul tourism 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.
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. Read extra information on Ritz carlton apartments for sale in nisantasi istanbul. The purchase of real estate in Turkey requires a lot of effort, especially for those wishing to own property for the first time or for big investors. The Turkish real estate market is changing rapidly and all its players need full awareness of the market and its future directions. Given the many information available on the Internet about investment or real estate in Turkey, this raises doubts about the credibility of companies that put this information on platforms and accounts on social networks.
A location that has unique characteristics that make it distinct from the neighboring properties, and this is the cornerstone that will make this investment a successful investment, whether when renting the property or when reselling it later. The banks of the Bosphorus are strategically located in every inch of it, but the real estate near the Bosphorus, as we talked about in a previous article: What type of property should I buy in Istanbul? They are rare first-row properties suitable for high budgets above a million dollars for the rows after the first row, but what about a property in Sisli, Maslak or Kadikoy with a view of the Bosphorus? If we talk about a high and modern residential tower in these central areas with a view, even if far from the Bosphorus, then we are talking about a rare painting and therefore it is desirable, whether for rent with a high return or for resale later to an investor who loves to collect rare art paintings, contemplate this view: Even if the view was not so close, but was in the Sisli area, for example, it would also be distinctive and desirable.
Kayasehir area, which is an extension of the Basaksehir area, is considered one of the closest modern areas to Istanbul’s modern airport, as shown on the map below But it never constitutes an investment area. Why?The answer is simply look at dozens of identical buildings that share the same features in terms of location, specifications and views. There are dozens of them in each neighborhood, and therefore the supply in this area is very high, and this in turn, according to the basic rule in the economy, will make the demand low. Thus, rental prices and resale later will not achieve high investment feasibility. And what is the alternative to that? At the moment we write this article, the tempo city project is considered one of the best investment projects in the Kait Hana area in order to achieve the strategic location point and also the neighboring properties do not share with it the same features and this is the second important rule in real estate investment. Note that the project is opposite a very important mall in the area. On the one hand, gardens and green spaces, on the back are commercial buildings, and on the far side we have old buildings that do not share the same specifications with it, and therefore it achieves the principle of uniqueness and lack of supply, and therefore the demand for it will be high in the future. Discover extra details on mehmethekimoglu.com.
