Real estate property experts Turkey right 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. Discover additional information on https://righthome.com.tr/en/blogs/1697972522/The-future-of-real-estate-investment-in-Istanbul-2025.
We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship.
The cheapest property is not necessarily the best for investment. A thorough analysis is required to evaluate the advantages it offers compared to its price. Only then can a well-founded decision be made. For investment purposes, the size or the number of rooms in the property does not matter as much as the expected return it offers. Tips related to property location: Selecting a prime location is the key to successful resale and the foundation of any real estate investment. Properties in city centers generally have a faster investment cycle due to high demand and limited supply. An investment cycle in the city center can be completed in less than three years.
Be cautious about buying properties that violate the laws because, in the near future, you will be the only loser. For example, buying a property valued at less than $400,000 but claiming it’s suitable for Turkish citizenship when the Turkish government has set a minimum of $400,000, there’s no room for manipulation at all. Be wary of advice from friends and acquaintances who have made unsuccessful real estate investments and are advising you to buy property in the same area or project, even though their investment is incomplete or unsuccessful. A successful investment is only complete when the property is sold, and thus, if one of your friends bought a property for $200,000, and its price is now $250,000, this is not considered a successful investment unless the owner manages to sell the property and complete the investment.
Many beginners in real estate investing in Turkey are looking for quick profit, which makes them rush in their decisions and they often end up in loss. The real estate sector is one of the most growing sectors in Turkey which provides all investors with a good investment return, but the key to success in this sector is time. Investor’s efforts must first be based on understanding the market and then choosing the best property in terms of region and quality. Then wait, as one real estate investment expert says. “Real estate investors are the only ones who make money while they are asleep.”
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.
Turkey tourism is one of the top reasons to invest in Turkey. Visited by nearly 3 million people daily, Istiklal Avenue is the beating heart of the city of Istanbul. This 1.4 km long pedestrian walkway houses everything from cinemas to nightclubs and boutiques to cafes. It’s also here that we tried our first Turkish Delight treats and bought some much-needed medication from the pharmacies. If you don’t feel like walking, you can take the historic tram all the way to Taksim Square to view the monument of the republic.
Today our real estate consultant can describe to you the areas of Istanbul and the projects that may interest you to own them accurately as if you are on a real tour, and when you like one of our projects, we will have a virtual real estate tour and visit the project and get to know the surrounding area and the advantages of private investment in it or housing in case your goal is a residential property. Through the video calls, we will show you everything and carry out the negotiation processes. When we get the appropriate option, we sign the contract. This virtual process does not diminish from the real process except for the handshake that we used to do with the client when the deal was completed. See more details at righthome.com.tr.
Many clients have their first goal in obtaining Turkish citizenship, and for the amount of $ 250.000, they do not give much importance to the real estate that will be purchased in it, and this is in fact a big mistake because Turkish citizenship is free and this amount is a condition for obtaining it, but through which a very profitable investment can be made, many clients of Right Home, after they were consulted for real estate suitable for Turkish citizenship and investment at the same time, they later consolidated their investments in Istanbul even after obtaining Turkish citizenship because the real estate market in Istanbul is a profitable market for investors in any case, provided that investment projects and the right options are chosen within these projects.
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 take great pride in being more than just another real estate agency. We aim to develop long-lasting relationships with our clients by offering exceptional services and meeting customer’s utmost satisfaction. Lying under the city of Istanbul is the world’s most extensive ancient cistern system, named Basilica Cistern. The Basilica Cistern consists of hundreds of old cisterns built in the 6th century under the order from Emperor Justinian I, the Byzantine ruler at that time. Basilica Cistern is located about 150 meters southwest of Hagia Sophia. The cistern is standing on an area of 9,800 square meters, and it was able to hold up water up to 80,000 cubic meters, enabling it to provide clean water to Great Palace of Constantinople and other buildings on the First Hill. The Basilica Cistern was mistreated during the Ottoman Empire. In 1985, the Istanbul authority decided to clean the site and turned it into one of the most famous Istanbul tourist attractions. The impressive construction and the history of the building have attracted many tourists in Istanbul.