Top rated real estate property and luxury apartments experts 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 additional details at Luxury apartments for sale in Istanbul.

We can not deny that real estate companies do not work to make money, but the idea promoted in the real estate circles that companies earn a lot of commissions in Turkey is wrong, and because commissions in the real estate sector vary from one company to another there is no fixed commission and the average commission obtained by companies In Turkey is 3% of the price of the property and they get this commission from the construction company of the project and not from the client. There are a lot of costs to real estate companies in the Turkish market, which makes the margin of profit low , including the high taxes of the Turkish government and other expenses related to the sale.

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.

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. 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.

Beware of scams that are often designed not to steal your money directly but to make unrealistic promises that cannot be fulfilled in reality, such as a guaranteed 10% permanent rental return or profits of up to 300% within two years, and so on. Be cautious of offers that come with a gift wrap, as they are often (but not always) a deception, such as a guarantee of renting apartments for three years in regular apartments. What happens after those three years? Or offers like buying land near the Istanbul Canal and selling it at double the current price after two years. Be aware that if the square meter price actually increases, the abundance of such offers will prevent you from achieving the desired profit. Or offers like buying two apartments for $400,000 in total, claiming they are suitable for Turkish citizenship.

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 travel is one of the top reasons to invest in Turkey. As described above, Sultanahmet is home to the city’s most important attractions like Ayasofya, Topkapi Palace, the Basilica Cistern, and the Blue Mosque. No first-time visit to Istanbul can be complete without visiting all these places. Travelers pressed for time can click on the link below to learn how you can visit these attractions in one day. But if you have more time, then it would be best to spread them out over two days. You can check my post on the top attractions at Sultanahmet Square in Istanbul for more pictures and information, but here’s a quick rundown of what you a can find there.

A big difference between the meter price of the new property and the relatively old one – It is known that the most famous type of real estate investment is made in Istanbul by buying a property under construction and reselling it later upon delivery with a profit of up to 25% annually if the property is chosen correctly. But what if you find that the property under construction has a higher price per square meter than the ready property (with the same specifications, services, and level)? This is what we found clear in many projects within the areas that we mentioned above. Thus, there is a very large pressure to sell ready-to move real estate, which makes the price of the new real estate under construction unattractive to the investor. But what about the central areas such as the neighborhoods of Sisli, Nisantasi and Bomonti and the real estate near the highway and the Seyrantepe near the vadi Istanbul Mall and Beyoglu near Taksim Square? Certainly, these are central areas where demand is always high, and therefore you cannot find this imbalance in them. And if you want to own a property in it, there is no need to wait because waiting for the best opportunity is wasting today’s opportunity, which is undoubtedly the best tomorrow.

Istanbul’s new airport is considered a pioneer in the aviation industry and contributes to strengthening Istanbul’s position as one of the most prominent global cities. The airport provides direct air links to many national and international destinations, allowing passengers to reach their destinations with ease. In short, Istanbul New Airport is a huge project that reflects Turkey’s progress in the field of aviation and welcomes travelers with its advanced facilities and services. The airport is an ideal destination for travelers who want to explore Istanbul or travel to different destinations around the world. Istanbul’s new airport, also known as “Istanbul Grand Airport” or “Istanbul Third Airport,” is one of the world’s most modern airports and a significant mega-project in Turkey. Opened officially in October 2018, it replaced the old Ataturk Airport and positions Istanbul as a global flight destination. The airport’s strategic location in Arnavutköy on the European side, its vast size, and modern facilities, including numerous shops, restaurants, hotels, and advanced information and security systems, make it a focal point for travelers and investors alike. It’s a testament to Turkey’s progress in the aviation sector.

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.

All these manipulations involved not a small number of clients, and this is not surprising, because the clients want to obtain Turkish citizenship and do not have a deep knowledge of the foundations of real estate investment in Istanbul, and unfortunately, they did not have the opportunity to speak with a capable real estate consultant with long experience in this market. Real estate investment in Istanbul does not depend on the number of properties that you will get within a budget of $ 250.000, not even on the large number of meters in your commercial store in a remote area, which you will not be able to rent with a high return, nor even sell it later, also does not depend on the number of rooms you have acquired when you buy an old property in an area far from the places of high demand for renting at high prices or selling later (not to mention the fact that the old properties have a real estate appraisal less than their real price and therefore real estate worth 250-300 thousand dollars is often not enough to provide an appropriate assessment of Turkish citizenship and therefore the investor has to purchase additional real estate to complete the real estate appraisal amount).