Best rated luxury apartments real estate investments services Turkey
7 min readHigh quality luxury apartments real estate services Istanbul: A palace with a direct view of the Bosphorus! The importance of the Bosphorus Strait has been recognized since ancient times, with the finest luxurious palaces situated on both ends of this pass that separates Europe from Asia. The Topkapı Palace, the largest palace overlooking the entrance of the Bosphorus, symbolises the Ottoman caliphate’s glory in a strategically significant location. Why the Bosphorus and what is its symbolism? The idea of owning a historic palace with a direct view of the Bosphorus is extremely bold and particularly rare. You would be surprised to know that a budget of 20 million dollars is considered relatively average for owning a beautiful palace on the Bosphorus. The rarity of these palaces and their historical prestige are among the main reasons for their high prices. Additionally, their spaciousness surely contributes to the price escalation. They are more suitable as luxurious hotels rather than residential properties, but for enthusiasts of this experience, there are offers in the Turkish real estate market starting from around 20 million dollars, reaching upwards of 100 million dollars. See extra info at Istanbul real estate.
The follower of the real estate market in Istanbul since 2017 is fully aware that the first feature on which the projects of the Basin Express area are promoted is that it is close to Ataturk Airport (currently closed after the opening of the new Istanbul Airport in the north) This same point must be kept by the real estate investor in his eyes when searching for his next investment property and to check these advantages of the project, whether they are continuous or fleeting with time. With this view, the investor can discover and evaluate new offers in the event that there are promising projects that will be implemented for sure during the investment cycle he is considering. For example, the Istanbul Canal project, which has been discussed since the 16th century until now, has not actually started. It is illogical to buy real estate or land close to the canal in order to benefit from the canal project during the next five years (knowing that the canal project, if started, needs 10 years to be completed). implement it) Also, the investor who buys agricultural land for the purpose of organizing its housing, whether it is near the Istanbul Canal or in any other area, must be fully aware that investing in agricultural lands is a long-term investment whose results cannot be harvested before 15 to 20 years, and sometimes more.
Turkey’s 2023 vision plan aims to increase the capita per household to that of European countries. Combine this with government incentives, as well as a growing population and the buyers’ market is set to grow even more. The process of buying a house in Turkey even for foreigners is also quicker and easier than that of many other countries, with cheap taxes and reduced costs. Keep the property for five years, and you will be exempt from capital gains tax as well. One strong reason investing in Istanbul real estate is taking off is the mass of new branded housing projects, particularly occurring on the outskirts of the main city centre. Brand new modern homes with modern architecture are being combined with a range of social and community facilities to redefine the concept of neighbourhoods in what is Turkey’s biggest and most populated city.
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 are dedicated to giving you the very best experience finding the Right Home! We have a team of real estate consultants, who are available for you for any needs that might arise. 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.
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.
It is worth noting that this process is usually expensive, especially if the lawyer is fluent in a language other than Turkish and has experience with topics of interest to the foreign investor exclusively in Turkey, but at Right Home we do not charge any fees for legal advice. As for the transaction of Turkish citizenship through investment, usually the costs of the lawyer who will prepare the papers and submit the application are about 4 or 5 thousand dollars, but at Right Home we have a valid offer until the date of writing this blog as we fully cover the fees of lawyers for clients who bought through our company and want to obtain Turkish citizenship.
Istanbul tourism is one of the top reasons to invest in Turkey. The Sultan Ahmed Mosque is Istanbul’s most famous site and is the top thing to do in Istanbul. A visit to the city would not be complete without laying eyes on its beauty. It’s known by its more common name, The Blue Mosque because of the blue tiles surrounding the walls of its interior. It is still a functioning mosque but visitors can enter if they follow the rules. Long pants should be worn and women must have their shoulders and heads covered. Located in the old city, it’s the perfect way to start your day before moving on to the other sights nearby.
Focus first on legal information, followed by specific areas. Do not accept any real estate consultant who asks how many rooms you want and then starts sending dozens of random offers. Choose your sources and advisors based on the valuable information they provide, and do not be swayed by the attractive facade of someone who speaks with you without offering useful information. In the end, your successful investment is your goal. The presence of an active blog section on the website of the real estate consultant you are dealing with is an indication that the experiences of this company are genuine, and you can assess their depth through the depth of the content you read.
The result is that one of Right Home’s clients received an investment with a profit rate of 110% in just two years, and this in investment science is symbolized by ROI = 55%, which is a really high percentage, especially if we know that this percentage was calculated for the US dollar and not for the Turkish lira. The investment was the purchase of an apartment under construction in an investment project in Sisli two years before the date of writing the article, equivalent to $ 150.000, and today the value of this same apartment is about $ 315.000, two years after the start of this investment. The good news is that this project is constructing a new tower with the same specifications as the first investment tower, in which opportunities can be seized now.
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.