High reputation real estate advices in Turkey right now? Calculating ROI in The-Ritz Carlton Nisantasi Apartments: The Ritz-Carlton apartments in Nisantasi are rented on a daily or weekly basis for a high return compared to the Ritz-Carlton Hotel in Istanbul. The price of a suite for two people without a view for one night is $400. If we calculate the rate of fullness of this apartment is only 50% annually, knowing that this area is desirable by tourists and businessmen throughout the year. We will find 400 dollars a day for 182 days a year, the total will be: 72,800 dollars annually. Thus, to reach the price of the property, we need about six and a half years, which means that the ROI is 15.38%, which is a very high rate compared to rents in Istanbul real estate, which is at best 8% as an annual return, but with a correct rental plan, an excellent location and a huge brand, this property can To change the concept of rental yield known in Istanbul.
Istanbul travel is one of the top reasons to invest in Turkey. Considerably smaller than the Grand Bazaar, the Spice Bazaar is home to around a hundred shops selling dried fruits, nuts, spices, tea, Turkish Delight, and other goodies. Both are walking distance from Sultanahmet Square. Follow the link for a DIY walking tour of Istanbul’s Bazaars and Rustem Pasha Mosque, a small but beautiful mosque near the Spice Bazaar. You can easily visit the Grand and Spice Bazaars on your own but if you’d like to go on a guided tour, then you can book one through Get Your Guide. Having a guide will be helpful, especially at the Grand bazaar because it’s so big. Follow the link to check out Get Your Guide’s Grand and Spice Bazaar tours.
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. Discover more details at Sheraton tower in Istanbul. 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.
Is buying real estate in Turkey a good investment? It has been known since ancient times that owning real estate is the safest and most sustainable type of investment, as it is not a commercial project whose era ends and is replaced by a new commodity, nor is it a digital currency that may double in value per month, but one day you can wake up to find everything you own is worth nothing. Real estate represents a basic need for man, no matter how times change and technology develops, and it cannot be dispensed with or replaced. The shape of the property can change, but its basic value is protected, and today in the Turkish real estate market in general and in Istanbul in particular, foreign investors are increasingly interested in obtaining real estate in Turkey and benefiting from the law Turkish citizenship (when buying a property or a group of properties worth 250 thousand US dollars, the buyer, his wife and children under the age of 18 become eligible to obtain Turkish citizenship for free and within a period not exceeding 100 days).
If you want to resell your investment property after 3 years, how do you choose it based on the high rental return?! And if you want to resell your investment property after at least 7 years, how do you buy it in a fully-developed area where there is no opportunity for development?! And if you want to resell your investment property after more than ten years, how do you accept a property with a low rental return?! If any investor asks the above questions, he will certainly say that these are self-evident matters in real estate investment and no one can fall into them, but in the reality of our daily experiences through which we witness the stories of dozens of investors, we notice that one of the above mistakes is often committed, especially if the investor’s primary goal is to obtain On Turkish citizenship without giving much attention to the type of real estate he buys, or even a careful informed investor is lured by the idea that there is no profitable investment in Istanbul and therefore he is advised to buy the least harmful real estate and this is in fact just a way to advertise bad projects The real estate consultant would like to sell In it, but the truth, through our long experience in the field, is that there are properties that have achieved more than 100% profits in less than two years. You can view them by communicating with us. Read more information at mehmethekimoglu.com.