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High quality real estate market advice in Istanbul right now? The law of supply and demand, which makes the project an investment opportunity, is fully realized here, because most of the apartments in Nisantasi are old apartments and do not include the luxuries found in this project. It is highly investigated here. The project includes for options of 3 rooms and a hall and above, views of the Bosphorus are closer and better than the views of the Sisli projects, and if it were not for the views of the Besiktas area itself (which is located below Nisantasi on the Bosphorus side), the project’s view of the Bosphorus would have been the best ever. As for public transportation, the osman bey metro station is 800 meters from the project, and the sisli metro station is 1,500 meters from the project.

Istanbul travel is one of the top reasons to invest in Turkey. Considerably smaller than the Grand Bazaar, the Spice Bazaar is home to around a hundred shops selling dried fruits, nuts, spices, tea, Turkish Delight, and other goodies. Both are walking distance from Sultanahmet Square. Follow the link for a DIY walking tour of Istanbul’s Bazaars and Rustem Pasha Mosque, a small but beautiful mosque near the Spice Bazaar. You can easily visit the Grand and Spice Bazaars on your own but if you’d like to go on a guided tour, then you can book one through Get Your Guide. Having a guide will be helpful, especially at the Grand bazaar because it’s so big. Follow the link to check out Get Your Guide’s Grand and Spice Bazaar tours.

Whereas London is already one of the world’s premier cities, the Turkey 2023 vision plan aims to boost Istanbul to equal status, and this gives real estate investors the edge. In 2016, Barnes International also ranked Istanbul as the number one city for potential. Gone are the days, when we buy a house for life. Changing lifestyle habits as well as work and career commitments means selling a house is just as important as buying it. Studies say current generations will own an average of three different houses in the lifetime, hence buyers are also hedging their bets when it comes to selling and that is where the Istanbul real estate market steps up. Discover additional details on 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.

Returning to the title of the article: Is buying a property in Turkey a profitable investment? But the investor, regardless of his field of work, will want, in addition to obtaining Turkish citizenship, to obtain a profitable real estate investment, especially since one of the conditions of Turkish citizenship is to pay the full amount without installments and pledge not to sell real estate for 3 years from the date of its purchase, and therefore this amount is frozen for a period of time and time is with the investor It means money and therefore if this period of time will pass without making profits, this means that this investment is a loser. Many investors in the Turkish real estate market (the percentage of Turkish investors in the Turkish real estate market compared to foreign investors from all over the world is between 98% and 99% of the entire real estate market) want to have a successful investment regardless of the law of obtaining Turkish citizenship in exchange for buy real estate worth 250 thousand dollars, Therefore, this market is definitely vital and investment, but can we consider each property as an investment property in Turkey in general and in Istanbul in particular?

No matter how ideal the proposed property seems to you to achieve your plan, there are secrets in the Turkish real estate market that are related to the past and the future, not only to the present, and therefore taking a decision based on collecting personal information is very dangerous for the security of your investment even if you resided in Istanbul before buying the property for several years, because the resident He is surrounded by many advantages for any area or property in it and he can estimate the price of the property suitable for this area, but he has not studied the past and will not be able to predict the future as long as he does not read all recent studies and closely follows the economic and political news along with the news of the Turkish real estate market. Discover more details at mehmethekimoglu.com.