Apartment real estate experts Turkey right now: The Kartal Real Estate Transformation Project underscores the commitment of local authorities and investors to evolving the region into a forward-looking urban hub, catering to the diverse needs of its residents. The project also takes a keen interest in providing suitable housing options, with an emphasis on creating high-quality residential units and integrated residential facilities. This approach is designed to enhance the overall quality of life and ensure safe and comfortable housing for residents. It is expected that the Kartal real estate transformation project will yield a positive impact on the local economy by promoting commercial activities, tourism, and job creation. This initiative represents a commitment to sustainable development, fostering environmental, social, and economic sustainability within the region. The joint efforts of the local government and investors aim to make Kartal an appealing destination for both investors and residents by enhancing the overall environment and providing essential services and economic prospects. See additional details at Turkish citizenship by investment.
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 tourism is one of the top reasons to invest in Turkey. You can book many dining experiences in Istanbul and the best way is to spend time with a local family. Often you will meet friendly people that invite you for dinner and become fast friends, but you can also book dining experiences where you go to a home and eat traditional food, learn about the local’s way of life and have lively conversations. Our guide told us that Madonna and other famous celebrities love to party in Ortakoy. Once a fishing village, this district is now the area for upmarket chic looking for a place to party.
We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship. Find additional information at righthome.com.tr.
All these manipulations involved not a small number of clients, and this is not surprising, because the clients want to obtain Turkish citizenship and do not have a deep knowledge of the foundations of real estate investment in Istanbul, and unfortunately, they did not have the opportunity to speak with a capable real estate consultant with long experience in this market. Real estate investment in Istanbul does not depend on the number of properties that you will get within a budget of $ 250.000, not even on the large number of meters in your commercial store in a remote area, which you will not be able to rent with a high return, nor even sell it later, also does not depend on the number of rooms you have acquired when you buy an old property in an area far from the places of high demand for renting at high prices or selling later (not to mention the fact that the old properties have a real estate appraisal less than their real price and therefore real estate worth 250-300 thousand dollars is often not enough to provide an appropriate assessment of Turkish citizenship and therefore the investor has to purchase additional real estate to complete the real estate appraisal amount).
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 collection of this marvelous museum comes from all over the Middle East, and the items dated from the 8th to the 19th century. You can see calligraphy artwork, prayer rugs, wooden, stone, and metal crafts, and many more. The Museum of Turkish and Islamic Arts opens from 9 AM to 4.30 PM every day, except on Mondays. On Mondays, the museum is closed for the public.
Investing in real estate can provide numerous benefits, including excellent returns and profits. Choosing the right property is crucial, and Istanbul offers a wide variety of attractive properties at competitive prices. Our professional consultant team provides free consultations to guide you towards a profitable real estate investment in Istanbul. The Turkish real estate market, especially in Istanbul, is highly sought after due to the strong demand for apartments in residential complexes. These complexes offer a range of apartment sizes, stunning views, and inclusive services, making them an ideal investment option. Istanbul’s well-developed infrastructure and year-round appeal make it a prime location for both long-term rentals and holiday accommodations.
It is worth noting that today, by purchasing real estate online and by appointing one of our company’s lawyers, you can not only get the best investment opportunity while you are in your home, but also apply for Turkish citizenship for you and your family, and when you visit Turkey at a convenient time for you, you can directly receive the Turkish identity. We have always believed in Right Home that difficult circumstances carry distinct opportunities, and you too today can seize the opportunity of lower real estate prices and obtain Turkish citizenship while you are at your home sitting on a large sofa with your family.
One of the most popular rumors in the Arab market is that Turkish real estate is expensive, and many people interested in real estate investment think that the cost of entering the market is very high and this is not true, the most important is the awareness and understanding of the market well. You can start investing in the Turkish real estate market for up to $ 50,000 by investing in housing projects or university dorms as an example, which provides a good return on investment. Many of the major real estate investors fail to invest due to lack of market awareness and understanding of the future trends of the Turkish real estate market and because of the focus only on the quantity invested and not the type of investment.
A successful investment in real estate is a sensitive and complex process. You should not take it lightly or rely on incomplete experiences of others. Every property in Turkey has an appropriate price, but the lack of sufficient information with the sales representative makes them evaluate projects with incorrect criteria. However, what matters to you as an investor is choosing the property that suits you and your plan. Certainly, there are better projects than others when viewed from this perspective. If you have reached this point in this relatively long article, we would like to thank you on behalf of the Right Home company’s team. We are very interested in conscious investors who are genuinely interested in obtaining accurate information, no matter how much time and effort it takes.