Top real estate advices in Turkey today? Are you an investor who wants to achieve a high ROI in a ready-made property without entering the risks of under-construction properties? Or are you an art buff who loves the luxury life in the most prestigious neighborhood in Istanbul, Nisantasi district, abdi ipekci street with the highest rental prices in Turkey? Either way, this project is suitable for you. Let’s get acquainted together with the Ritz-Carlton hotel apartments in the ancient Nisantasi neighborhood, which is full of international brands, which did not all meet in one place in Turkey except in Nisantasi neighborhood.

Turkey 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.

Undoubtedly, a big lure for investors with their eye on the bottom line are the mega projects of Istanbul that when complete are predicted to raise property values even more than they have done already. The mega project on everyone’s lips at the moment is the new Istanbul third airport that when complete in 2028, will be the world’s transport hub. Investors are also buying up land and houses on the European side where the Istanbul Canal project will take place. Districts like Kucukcekmece are seeing a flurry of interest for value for money apartments for sale in Istanbul, because of the project that will create a mini city within a city. Find extra info on vadi Istanbul apartments for sale. 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?

Is Avangart still viable for investment? There is no doubt that today there are brighter opportunities in the Turkish real estate market, and this project remains a suitable option for investors in the long term, as real estate prices in this area are increasing due to the completion of new projects in the same area. 5- That the property in the future is desirable by the local market when reselling We must write in detail in another article why the real estate market in Turkey in general and in Istanbul in particular is a local market par excellence, and foreigners do not represent it at best more than 3%. In order not to prolong the day, we will not discuss this idea here, but we emphasize that a successful investment property must be in demand in the local market, and so you target Turks and foreigners when reselling means 100% of potential customers, but if you choose a property that foreigners want and Turks do not matter greatly, and therefore you will find When reselling yourself, you have to target only 3% of this huge market, and so the process will become more difficult. Sometimes there is a well-planned successful investment to target the foreigners themselves when reselling, but we are talking in general to warn about the size of the foreign market from the size of the total domestic market. Always remember that you can get a free consultation from our specialized team before you make any decision to buy an investment property (short or long term) or even a residential property in Istanbul. Read more details on mehmethekimoglu.com.