Real estate property services Istanbul 2024: The Istanbul Arsenal Project envisages the transformation of this area into a multifaceted tourist and commercial complex. It will feature luxury hotels, dining establishments, retail outlets, shopping malls, museums, art galleries, and recreational facilities such as parks and theaters. Importantly, this transformation will preserve and harmoniously blend the original historical and architectural elements with modern infrastructure. The Istanbul Arsenal Project is poised to become a prominent tourist attraction within the city. It offers opportunities to revel in breathtaking sea views and landscapes while serving as a hub for cultural events, arts, and commerce. Visitors can anticipate a dynamic mix of cultural activities, shopping experiences, and entertainment, all within this unique locale. Furthermore, the Istanbul Arsenal Project contributes to the city’s broader efforts to develop coastal areas and harness the tourism and economic potential of the Mediterranean. The project is expected to captivate investors and visitors from around the world, thereby enhancing economic growth and generating fresh employment opportunities in the region. Find even more information on https://righthome.com.tr/en/blogs/1697972522/The-future-of-real-estate-investment-in-Istanbul-2025.
The lack of knowledge among the old investors led them to offer their real estate for resale at low prices because of their first choice of non-investment real estate at the beginning when buying it, and also their choice of wrong timing in selling the real estate, and thus the absence of demand made them believe that the problem was in the asking price, and therefore they reduced the price several times so that the property would eventually be bought by an expert investor. Less than its real price, sometimes by 50%, just to wait for the market to stabilize so that it can collect a profit of 50%, even without renting the property, only by reselling it later at its correct price.
Chasing the market and waiting for prices to drop based on inaccurate news will only result in missing out on investment opportunities. If you have gathered information from multiple professional real estate consultants, it is natural to meet with all of them when you visit Istanbul. We recommend starting with the one you assess as the most professional. Negotiation is a precise and complex process, especially in the Turkish real estate market. Ensure that the most skilled negotiator is someone with extensive experience in the market, who has conducted the most sales transactions and has the best reputation. Do not compromise when choosing a property. If a consultant (often a female consultant) recommends a property that you believe is not suitable for you, do not buy or even reserve the property unless you are 80% sure it is suitable for you. The result we see from our daily experiences is either purchasing an unsuitable property due to the client’s reluctance to contradict the sales representative or reserving an unsuitable property, leading to problems with canceling the reservation and refunding the reservation fees. Sometimes clients completely change their minds due to a situation they encounter.
Make sure that you have chosen the right company, not just the right consultant, for the following advice during this stage. Tips for after purchasing the property: If you have done everything correctly, you will generally be happy at this stage and should not encounter any problems in the present or future. After-sales services are not limited to empty promises made by the sales representative during the contract signing but serve as a complete reference to the company’s operations and its past performance. Additionally, the actual duration of the company’s presence in the real estate market is significant. The continuity of a real estate brokerage company for more than five years is a clear indication that it is capable of handling post-sale processes.
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.
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.
Turkey tourism is one of the top reasons to invest in Turkey. Also known as Shisha or waterpipe, Hookah lounges are very popular in the city. Dave and I are ardent non-smokers, but to visit Istanbul without giving a Hookah a try would be criminal. Hookahs are flavoured tobacco smoked through a water pipe. It became popular in Turkey in the 17th century and was a status symbol for those in the city. You cannot visit Istanbul without experiencing the weird and wackiness of a Turkish Bath, also known as a traditional hammam. Be prepared to strip down to your birthday suit and have strangers vigorously bath and massage your entire body after a hot steam bath. It can be painful, strange, and heavenly all at once. You may or may not like it, but I can tell you one thing for sure, you will never forget it.
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. Read additional details on righthome.com.tr.
Finally, as for the lands near the new Istanbul Canal, it is a very risky investment project that is not recommended for someone who owns a property for the first time in Turkey and wants to obtain Turkish citizenship. For more information about Istanbul Canal, read: Canal Istanbul project and its impact on real estate investment. So, what is the solution to get a successful real estate investment while obtaining Turkish citizenship? The amount of real estate investment to obtain Turkish citizenship was reduced to $ 250.000, according to what was issued in the Official Gazette on September 19, 2018, after it was previously worth one million dollars.
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. The collection of this marvelous museum comes from all over the Middle East, and the items dated from the 8th to the 19th century. You can see calligraphy artwork, prayer rugs, wooden, stone, and metal crafts, and many more. The Museum of Turkish and Islamic Arts opens from 9 AM to 4.30 PM every day, except on Mondays. On Mondays, the museum is closed for the public.
