Factors of successful real estate investment in Istanbul

Factors of successful real estate investment in Istanbul

There are various tools and elements for the diverse successful investment, such as the stock market, industrial or agricultural, commercial, or real estate.

Istanbul real estate investment is at the forefront of these investments as it is one of the safest, therefore, the value of the property usually increases, which in return increase profits over time.

Investments vary according to their location and the elements of success that support them. Each site has its advantages, and each investment has the vital element for its success. Yet, choosing the right location is an essential element of real estate investment success.

 

Real estate investment is an ideal choice for a successful investment in Istanbul

Generally, the real estate market in Turkey, particularly in Istanbul, is witnessing a boom and growth that is shown in figures and statistics issued by the competent institutions. It has been proved in previous statistics that the number of properties sold in Istanbul only in March 2019 is 7,852 property.

Turkey has been ranked among the best countries to own a property, according to the article published by the American website specialized in real estate and real estate consultancy “ live and invest overseas”. Moreover, an article titled: " Top 10 Places to Buy Property Abroad in 2019" Istanbul was ranked ninth among the most visited countries in the world in 2018, ahead of Berlin, Barcelona, Rome, Los Angeles and other important tourist cities.

Istanbul city is one of the biggest selling points and there are the best types of real estate investment in Turkey, and the Turkish real estate market is within the budget of most investors.

In addition to the growth of tourism in Turkey, Istanbul and cities of Turkey in general are featuring strong economic growth, with attractive tourist and investment options.

According to a survey by the english research and statistics company Euromonitor International, Istanbul ranked third in Europe among the most visited cities.

The total number of tourists who visited Turkey reached about 46 million in 2018, while in the cities of Turkey, Istanbul tops the list of Turkish cities in this area.

Reports, statistics and figures are key elements that makes the investment in the promising urban areas of Istanbul an important and profitable investment.

 

Fields of real estate investment in Istanbul

Real estate investments are generally structured into two types:

1- Commercial Real Estate Investment:

Such as investment in types of property that are not designed for residential purposes. Also, several type of such investment falls under this category such as: commercial offices, shops, industrial real estate, agricultural land.

2- Residential Real Estate Investment:

It is the investment in real estate for residential purposes only, for example villas and apartments.

Real estate investment in Istanbul regardless of the type are successful investment that is well known of its remarkable revenues and profits. However, to succeed, some necessary measures and steps should be followed.

 

Elements of successful real estate investment

Real estate experts agree that most of real estate investment types are successful and profitable, and their evidence is based on the fact that the need for residential houses, office and other real estate commodities is constantly increasing. In addition to the fact that this demand for such real estate is not current nor temporary or seasonal. However, the demand for real estate varies from time to time according to various factors.

 

It should be noted that successful real estate investment should involve some elements to guarantee the best results; here are the most important rules:

  • Carefully choosing the most active and profitable site for real estate, as this is vital rule to your investment. Purchasing a property in a promising urban areas can easily double the value of real estate prices rapidly and over time.

You can read more about the best locations for real estate investment in Istanbul in our previous articles.

  • Investing in existing projects: it is preferable to invest in a ready to deliver property, as it is better for evaluating the property and detecting the defects more than the property under construction. Also, it ensure the delivery of the property with no delays that may lead to freezing the capital for a long period of time.
  • Investing within the investor's financial capacity: Because real estate investment is a long-term investment, the investor must thoroughly study the financial ability and determine the investment and financial capability.
  • Diversification of real estate investment, it is always preferable to diversify the real estate portfolio as much as possible, in terms of the type of property, such as investing in an apartment and a shop in addition to the diversification of the location. The diversity of the real estate portfolio raises the possibility of generating profit, and is more secure when the markets fluctuate.
  • Choose the right real estate consultant or consultant company, who have the experience to help with obtaining reliable information and advice for the investment. The real estate consultant or adviser is supposed to be updated with the real estate market status in which it helps the investor to choose the best investment.

 

Real estate investment in Istanbul is an exceptional opportunity for citizenship

Talking about investment opportunities in Turkey is coupled with the exceptional opportunity to acquire citizenship, as approved by Turkish laws.

Amendments to the Citizenship Law of October 15, 2018, allowed foreign investors the opportunity to acquire Turkish citizenship in exchange for the purchase and investment of real estate worth $ 250,000, provided that the property is not sold for 3 years. In this period, the investor can benefit by either residing the property or renting it whether it is a commercial or residential property.

 

Right Way group services for those wishing to own a property in Turkey

In this context, Right Way Group and its professional team offers the clients with the best real estate investments opportunities and consultancy services in the Turkish real estate market. In addition to a bundle of services required by foreign investors to facilitate the selecting and purchasing process of the property.

The process in Right Way Group starts with welcoming the interested clients from the airport, taking the client in a real estate tours, issuing the real estate residency or the citizenship for those who buy a property from one of our real estate projects. In addition to the interior design services and furnishing the apartment for the residence. Also, opening a bank account in a Turkish bank, and help in secure the international money transfer and exchange of currency. Another service is to manage businesses and leasing the property with the best investment return, paying bills, returns, and other after-sales services to facilitate the investment process to the foreign investor.

 

related articles :
Real estate prices in Turkey 2021-2022
Turkish citizenship and its advantages
Apartments for sale in Istanbul 2021-2022
Turkish passport advantages
Turkish citizenship online
Ideas that make real estate investment in Turkey special
Villas for sale in Istanbul
Real estate residence in Turkey by buying a property 2021- 2022
How to buy an apartment in Turkey
Which is better apartment complexes or independent apartments

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