Real estate property services Turkey 2024
5 min readProfessional property investment services Istanbul, Turkey: 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 information on https://righthome.com.tr/en/publisher/Mehmet-Hekimo%C4%9Flu.
Properties located away from the city center, such as Istanbul suburbs, typically have longer investment cycles (at least five years) before significant improvements in infrastructure and increased demand are noticed. The duration varies depending on the exact location and demand, both in the near (5 years) and distant (over 10 years) future. Anticipate the future of the area, the progress it will undergo, and the supply and demand dynamics at the time you intend to complete your investment plan. Do not judge the suitability of a property’s location solely by the name of the area it’s in. For example, many properties in Istanbul’s city center, like Sisli and Besiktas, are not suitable for investment regardless of their prices. At the same time, highly successful investment properties can be found in Istanbul’s suburbs, which are often overlooked for potential investment opportunities.
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.
And we belief in the role of real estate companies in providing the right information for those interested in real estate investment and the spread of investment awareness about Turkish real estate, that’s why our company Extra Property publishes educational articles about ownership in Turkey and the most important information that the owner needs during the ownership or investment in Turkey. In this article, we will highlight the most widespread misinformation about real estate in Turkey.
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. 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.
Our goal in presenting these statistics is to clarify that the number of properties sold in Turkey, of which Turkish citizens constitute 97%, while the share of foreigners is only 3%, as shown in the figure below for the number of properties sold to foreigners in Turkey (compared during March 2021). From this we conclude that the vast majority of real estate was sold in the local market, and this clearly means that the Turkish real estate market is a profitable investment market, otherwise there would not have been an increased demand for new real estate purchases, especially under construction by Turkish citizens (who do not seek citizenship but a net investment 100%). Find extra information on https://righthome.com.tr/.
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. Our goal is to earn your trust and make sure you are comfortable with the process of buying a home in Turkey from start to finish. Is Istanbul worth visiting? Of course! It is a beautiful city filled with astonishing landmarks and meaningful traditions. You will find a lot of exciting things to do in Istanbul. There are plenty of attractive Istanbul points of interest, so going sightseeing in Istanbul is such a fulfilling experience that you will never forget. Istanbul was first founded in 660 BC. It was named Byzantion at that time. In 330 AD, the city was rebuilt, and the name was changed into Constantinople. Throughout history, this city has served as the capital city of many imperials, from the Romans to the Ottoman. That is why you can feel the powerful influences of both Islam and Christianity in Istanbul. Some of the most famous Istanbul tourist attractions are magnificent mosques and churches.
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.