The best real estate market advice in Istanbul today? 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 travel 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.
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. See extra info at is buying real estate in Turkey a good investment?. One of the most popular rumors in the Arab market is that Turkish real estate is expensive, and many people interested in real estate investment think that the cost of entering the market is very high and this is not true, the most important is the awareness and understanding of the market well. You can start investing in the Turkish real estate market for up to $ 50,000 by investing in housing projects or university dorms as an example, which provides a good return on investment. Many of the major real estate investors fail to invest due to lack of market awareness and understanding of the future trends of the Turkish real estate market and because of the focus only on the quantity invested and not the type of investment.
Returning to the title of the article: Is buying a property in Turkey a profitable investment? But the investor, regardless of his field of work, will want, in addition to obtaining Turkish citizenship, to obtain a profitable real estate investment, especially since one of the conditions of Turkish citizenship is to pay the full amount without installments and pledge not to sell real estate for 3 years from the date of its purchase, and therefore this amount is frozen for a period of time and time is with the investor It means money and therefore if this period of time will pass without making profits, this means that this investment is a loser. Many investors in the Turkish real estate market (the percentage of Turkish investors in the Turkish real estate market compared to foreign investors from all over the world is between 98% and 99% of the entire real estate market) want to have a successful investment regardless of the law of obtaining Turkish citizenship in exchange for buy real estate worth 250 thousand dollars, Therefore, this market is definitely vital and investment, but can we consider each property as an investment property in Turkey in general and in Istanbul in particular?
If your investment plan is long, you must exclusively obtain a high rental return, otherwise your real estate investment will not be ideal. The question here is how do I know that the rental return for a property is considered high? We always advise dealing with a professional real estate broker because calculating the long-term rental return depends on many intertwined matters, including: Preference for real estate with rapidly growing rental income based on real data from infrastructure development and general improvement in the region. The high rental yield should not negatively affect the price of the property when reselling in the future. That the property is easy to rent and that the investor does not have to keep his property without a tenant for several months to find a tenant who is able to pay the promised rental return. A geographical analysis of the area chosen by the investor and what is the future expectation for it, according to the studies. Is the neighborhood in which the property was chosen is promising for growth with time, or will it become obsolete? What are the bases that will make your property in demand in the future when you finish the investment and want to sell it? See extra info on https://mehmethekimoglu.com/.