Premium 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.
Turkey tourism is one of the top reasons to invest in Turkey. With the majority of tourist attractions located on the European side, most first-time travelers to Istanbul don’t venture into the Asian side of the city. Had it not been for Ciya Sofrasi and Walter’s Coffee Roastery, then we wouldn’t have gone there either. Home to a maze of cafes, bars, restaurants, and some trendy neighborhoods, the Asian side has much to offer and is well worth a day if you can spare it. We traveled around Turkey for two weeks so we went to these places on our own, but if you don’t have as much time, then you can visit them on day trips from Istanbul as well. Domestic flights are inexpensive and efficient in Turkey, making these day trips to other regions highly possible.
Whereas London is already one of the world’s premier cities, the Turkey 2023 vision plan aims to boost Istanbul to equal status, and this gives real estate investors the edge. In 2016, Barnes International also ranked Istanbul as the number one city for potential. Gone are the days, when we buy a house for life. Changing lifestyle habits as well as work and career commitments means selling a house is just as important as buying it. Studies say current generations will own an average of three different houses in the lifetime, hence buyers are also hedging their bets when it comes to selling and that is where the Istanbul real estate market steps up. Find more info at https://mehmethekimoglu.com/is-buying-real-estate-in-turkey-a-good-investment/real-estate-investment-in-turkey/. 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.
We will discuss the foundations of real estate investment in Istanbul specifically because it is the backbone of life in Turkey and includes more than 20 million people, representing a quarter of Turkey’s population, overlooking both the Marmara Sea and the Black Sea, and the Bosphorus Strait includes this waterway of historical, strategic and political importance, and it is the only waterway that belongs to each bank From its banks to a different continent, it combines Asia and Europe at the same time, and leaves on each of its ends scenes that capture hearts and attract tourists from all over the world time after time each year to contemplate this unique divine creativity. Of course not, because the investment property has specific and precise conditions that only the capable real estate consultant with long experience in the real estate market is aware of, and we will talk in detail about the conditions for successful real estate investment in Turkey.
Is Avangart still viable for investment? There is no doubt that today there are brighter opportunities in the Turkish real estate market, and this project remains a suitable option for investors in the long term, as real estate prices in this area are increasing due to the completion of new projects in the same area. 5- That the property in the future is desirable by the local market when reselling We must write in detail in another article why the real estate market in Turkey in general and in Istanbul in particular is a local market par excellence, and foreigners do not represent it at best more than 3%. In order not to prolong the day, we will not discuss this idea here, but we emphasize that a successful investment property must be in demand in the local market, and so you target Turks and foreigners when reselling means 100% of potential customers, but if you choose a property that foreigners want and Turks do not matter greatly, and therefore you will find When reselling yourself, you have to target only 3% of this huge market, and so the process will become more difficult. Sometimes there is a well-planned successful investment to target the foreigners themselves when reselling, but we are talking in general to warn about the size of the foreign market from the size of the total domestic market. Always remember that you can get a free consultation from our specialized team before you make any decision to buy an investment property (short or long term) or even a residential property in Istanbul. Find more details on https://mehmethekimoglu.com/.