Best rated apartment for investment agency Turkey: 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 even more information on buy real estate in Turkey.
Many beginners in real estate investing in Turkey are looking for quick profit, which makes them rush in their decisions and they often end up in loss. The real estate sector is one of the most growing sectors in Turkey which provides all investors with a good investment return, but the key to success in this sector is time. Investor’s efforts must first be based on understanding the market and then choosing the best property in terms of region and quality. Then wait, as one real estate investment expert says. “Real estate investors are the only ones who make money while they are asleep.”
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.
The Istanbul real estate market is undoubtedly Turkey’s star performer when it comes to attracting investors from all corners of the globe. Historically, it has always been the number one destination in the country for domestic property sales, and in 2015, it overtook the Mediterranean region of Antalya as the most popular destination for foreign property buyers in Turkey. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities and 238,383 domestic sales. But what exactly is luring domestic and foreign buyers to invest in Istanbul real estate and more importantly, will this trend last? We think so.
Istanbul travel is one of the top reasons to invest in Turkey. If there is one thing that we wanted to try in Turkey was Turkish Coffee. We’d had it all over the world, but to have it in its country of origin was beyond heavenly. It takes great preparation to make this tiny little cup of caffeine, but the effort is worth it as it’s one of the most delicious and rich blends of coffee you will ever have. Don’t drink it to the last drop though, the bottom of the cup is filled with coffee grinds. (the secret ingredient perhaps?) The waterfront is filled with bars and clubs and this is where the hip young professionals of the city hang out. Dave and I clearly didn’t hang out here as we’re neither hip nor young, but we did take a stroll through the city and had a glass of wine!
The price drop started from the beginning of the current year 2023 for these types of projects. However, we did not talk about this issue until August, because this drop is temporary and constitutes a very important opportunity at this time, and it is possible that the low prices will continue to exist for a longer period or the prices will drop more, but It is also possible for this opportunity to expire at any time and the demand to rise again. There are many regions in Istanbul, no matter how circumstances change, where demand remains high and supply is low, such as neighborhoods in the central regions (not the region as a whole), and therefore their prices did not and will not form a real estate bubble and will never decrease, no matter how long the difficult economic conditions extend, and therefore it cannot be believed when hearing that real estate prices are declining All real estate prices decrease in the same proportions. This is not true. See additional info at https://righthome.com.tr/en.
The graphic shows the number of properties sold in Turkey in general from March 2019 to March 2021 and through March 2020 when Corona epidemic began to spread in the world in general and in Turkey in particular, where we witnessed the first closure that lasted until the end of May 2020 and perhaps the data above shows that the decrease in the number of properties sold in Turkey was only in April and May of 2020, to recover significantly in June 2020 and set a new record when compared with last year. We also note from the graph that the number of properties sold in March 2021, which is 111.241 properties, is higher than the number of properties sold in the same month of 2019 and it was 105.046. This means that properties sold after Corona are higher than before Corona in the same month two years ago, with an increase rate of 5.9%.
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 are dedicated to giving you the very best experience finding the Right Home! We have a team of real estate consultants, who are available for you for any needs that might arise. In Eminonu neighborhood of Istanbul, near the Topkapi Palace, you can find the complex of The Istanbul Archaeology Museums, one of the most famous Istanbul points of interest. The museum consists of three buildings; each of them houses different theme of collections. The first one is the Museum of the Ancient Orient. This part of the museum displays pre Islamic artifacts obtained during the expansion of the Ottoman Empire. The second part of the museum is the Archaeology Museum. You can see traditional statues and sarcophagi in this part of the museum. The last part of the Istanbul Archeology Museums is the Tiled Pavilion. Mehmet The Conqueror ordered the construction of this pavilion back in 1472.
It’s important to note that Istanbul’s public transportation system remains highly efficient even during rush hours, making it easy to move around the city. Even the longest transportation line, the Marmaray Metro (spanning 80 km), offers tickets for less than a dollar. The fusion of modern technology with reasonable prices in Istanbul’s public transportation system is a fundamental pillar of real estate investment. This combination reinforces the investment potential and creates a more attractive environment for prospective investors. Using public transportation is a delightful experience in Istanbul. For instance, when traveling from the Eminonu or Besiktas areas to the Asian side in Uskudar or Kadikoy, transportation means include ships, which also offer tourists a scenic tour. Notably, Istanbul’s transportation network is not confined to the city center but is continually expanding in all directions. Even in the central areas, there is ongoing development to connect new lines to sub-neighborhoods.
Try to combine multiple advantages when choosing an investment property location. For example, a property in central Istanbul, close to an upcoming transportation hub, and near an important university offers multiple benefits that can result in a successful resale. Choosing a premium location without evaluating the price per square meter at the same time may lead to purchasing an excellent property in an excellent location at a price higher than the market, making resale difficult. This is a common issue with upscale towers in central Istanbul.