Top real estate investment in Istanbul 2021? 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, Turkey tourism is one of the top reasons to invest in Turkey. Compared to other attractions, Chora Church is out of the way but it’s worth the effort. A small Byzantine church converted to a mosque before being turned into a museum, it’s home to what many call the most stunning mosaics in Istanbul. Check out my post on Chora Church (Kariye Museum) in Istanbul for more pictures and information. Turkish cuisine is interesting. It’s colorful and nuanced and seems as diverse as the country’s landscape. Enjoy one meal at Ciya Sofrasi and you’ll see what I mean. We did all our own food research but in hindsight, I would have loved to go on a food tour. I think Turkish cuisine is best appreciated (and understood) with the guidance of a knowledgeable local. Culinary Backstreets can help you with that.
Even though Istanbul has always been one of the major cities of the world, both historically and in modern times, it is still an infant of the globe’s real estate market. Neglected for many years because of a dismal economy, lack of financing and credit, as well as substandard urban infrastructure, it wasn’t until the turn of the century that the government started to modernise the real estate market of Turkey to bring it inline with other destinations of the world. The result is that buyers are cashing in while it is still young and overall, property anywhere in Turkey has enormous potential when it comes to capital growth. According to the stat crunching portal Numbeo, prices per square meter in London range from 677% to 862% higher than Istanbul. Discover even more details at is buying real estate in Turkey a good investment?. The right choice for the real estate company to deal with when buying the property in Turkey is important. Many owners who had a bad experience with real estate companies think that all real estate companies are similar and that the quality of their services is similar and this is not true, which makes many people wishing to own property choose the inappropriate company. The large number of ads on the social networks that encounter owners of interest in Turkish real estate and the huge amount of incorrect information spread about real estate in Turkey.
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.
If your investment plan is long, you must exclusively obtain a high rental return, otherwise your real estate investment will not be ideal. The question here is how do I know that the rental return for a property is considered high? We always advise dealing with a professional real estate broker because calculating the long-term rental return depends on many intertwined matters, including: Preference for real estate with rapidly growing rental income based on real data from infrastructure development and general improvement in the region. The high rental yield should not negatively affect the price of the property when reselling in the future. That the property is easy to rent and that the investor does not have to keep his property without a tenant for several months to find a tenant who is able to pay the promised rental return. A geographical analysis of the area chosen by the investor and what is the future expectation for it, according to the studies. Is the neighborhood in which the property was chosen is promising for growth with time, or will it become obsolete? What are the bases that will make your property in demand in the future when you finish the investment and want to sell it? Read even more info at https://mehmethekimoglu.com/.