High reputation real estate advices in Istanbul 2021? 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, Turkey tourism is one of the top reasons to invest in Turkey. If you just want easy access to Istanbul’s top attractions without a guide, then another option would be to go on a Big Bus Tour. For me, there’s no better way to become acquainted with a new city than these Hop On Hop Off Tours. Double decker buses ply set routes that take you to many of the top attractions in Istanbul, and you can hop on and off as many times as you want for the duration of your pass. Very convenient indeed. The Grand and Egyptian Spice Bazaars are Istanbul’s most popular bazaars. One of the largest and oldest covered markets in the world with over 3,000 shops, you can buy all sorts of things at the Grand Bazaar like leather goods, jewelry, carpets, clothing, furniture, ceramics, and souvenirs.
The Istanbul real estate market is undoubtedly Turkey’s star performer when it comes to attracting investors from all corners of the globe. Historically, it has always been the number one destination in the country for domestic property sales, and in 2015, it overtook the Mediterranean region of Antalya as the most popular destination for foreign property buyers in Turkey. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities and 238,383 domestic sales. But what exactly is luring domestic and foreign buyers to invest in Istanbul real estate and more importantly, will this trend last? We think so. Discover more info at is buying real estate in Turkey a good investment?. 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.
A location that has unique characteristics that make it distinct from the neighboring properties, and this is the cornerstone that will make this investment a successful investment, whether when renting the property or when reselling it later. The banks of the Bosphorus are strategically located in every inch of it, but the real estate near the Bosphorus, as we talked about in a previous article: What type of property should I buy in Istanbul? They are rare first-row properties suitable for high budgets above a million dollars for the rows after the first row, but what about a property in Sisli, Maslak or Kadikoy with a view of the Bosphorus? If we talk about a high and modern residential tower in these central areas with a view, even if far from the Bosphorus, then we are talking about a rare painting and therefore it is desirable, whether for rent with a high return or for resale later to an investor who loves to collect rare art paintings, contemplate this view: Even if the view was not so close, but was in the Sisli area, for example, it would also be distinctive and desirable.
But if your investment plan is only short to obtain Turkish citizenship (3 years), you must buy a property that has the following specifications: It is much better if it is under construction because the ready property provides a rental return at best that does not exceed 6%, while the property under construction if it is chosen correctly, achieves annual returns when sold not less than 25% and therefore it is at least 4 times better as an investment than the ready property. To achieve the law of high demand when wanting to resell it after the end of the investment period: The more the property achieves investment advantages, the higher the chances of reselling it and the possibility of achieving greater profits is more likely. At the same time, a property must be chosen so that the investment advantages do not conflict with it, for example if a property is chosen in a strategic location, which is a very important feature of the advantages of a successful investment, but After 3 years, when it was resold, the same area became full of similar new projects, and thus the second rule was violated, which is to maintain a small supply so that the demand is high. Find extra details at mehmethekimoglu.com.