Villa real estate services Istanbul, Turkey 2024: Right Home has been distinguished since its establishment by its special attention to customers, especially after completing the deal with the client, as after-sales services extend to several years, regardless of the size of the property that the customer acquired. At a time when we daily see dozens of customers who do not find after sales services, this exists in Right Home company, regardless of the size of the deal they made with other companies. See more details on buy apartment 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.
Do not underestimate the advice of the company’s legal team, especially if you intend to apply for Turkish citizenship. We have heard of cases where clients did not follow their lawyer’s recommendations, resulting in delays in obtaining Turkish citizenship. Sometimes, Turkish citizenship can be revoked for children who have crossed the age of 18 due to negligence, either on the part of the brokerage company or, more often, the investor themselves.
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.
Istanbul tourism is one of the top reasons to invest in Turkey. As described above, Sultanahmet is home to the city’s most important attractions like Ayasofya, Topkapi Palace, the Basilica Cistern, and the Blue Mosque. No first-time visit to Istanbul can be complete without visiting all these places. Travelers pressed for time can click on the link below to learn how you can visit these attractions in one day. But if you have more time, then it would be best to spread them out over two days. You can check my post on the top attractions at Sultanahmet Square in Istanbul for more pictures and information, but here’s a quick rundown of what you a can find there.
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. Discover additional info at https://righthome.com.tr/en.
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. Istanbul is the capital of Turkey and one of the popular tourist destinations worldwide. The rich culture and glorious history attracts many to visit this one of the largest cities in Europe. Beautiful city Istanbul is a complete historic city where the main attractions are many years old mosques and churches. Some topmost must-see landmarks are Sultan Ahmed Mosque, Hagia Sophia, Topkapi Palace, and Ortakoy Mosque. The traditional Grand Bazaar became an iconic must-visit popular market for tourists in Istanbul. And this market is also one of the largest and oldest markets in the world. Another popular and historical activity in Istanbul is Turkish Baths. There are many hamams or Turkish bathhouses you might like to try for the first time during your trip.
The Third Bosphorus Bridge, also known as the Yavuz Sultan Selim Bridge, is an imposing structure that spans the Bosphorus Strait within Istanbul, Turkey. Officially inaugurated in August 2016, this bridge is part of the broader Northern Marmara Motorway Project, designed to enhance and expand the transportation infrastructure in the region. Istanbul’s Third Bridge stretches along the Bosphorus, connecting the city’s European and Asian sectors. This bridge stands out due to its contemporary and substantial design, featuring a total length of approximately 2.2 kilometers. Comprising two lanes for traffic in both directions, the bridge is equipped with advanced traffic control systems, underscoring its position as an outstanding engineering achievement that mirrors the technological advancements in civil engineering.
Smaller apartments tend to have quicker investment cycles compared to larger ones, whether for rental purposes or resale. Small apartments with areas around 65 square meters are in high demand, particularly in central Istanbul, as they cater to employees with small families who want to be close to their workplaces without paying exorbitant rents for larger apartments. Larger apartments with lower price per square meter, even within the same project as smaller ones, may have lower demand in central Istanbul. If you choose a non-central location, larger apartments can still be attractive to renters looking for spacious accommodations.