Luxury apartments real estate investments agency Istanbul, Turkey in 2024: Located just 15 km away from the city centre, Floria is situated within the district of Bakirkoy, offering coastal views of the Sea Marmara. Floria itself is a highly well-off area known for its low-rise buildings and tranquil, elegant charm. The colour coordination, finest types of natural wood in the living room and bedrooms, along with glossy floors decorated with simple patterns,expose a magnificent royal touch to the place. In the kitchen, there is also a wide and comfortable space, featuring a high level of indulgence and scratch-resistant, plus to the high-quality materials. Prices for these independent villas start from around $2 million, while one-bedroom apartments in the same project start from $150,000. See extra details at Istanbul real estate.

This Title is been awaited by thousands of investors who are interested in owning a property in a promising market like Istanbul and at the same time want to double their profits by buying real estate at a lower price than usual. Today we will talk about the types of real estate whose prices have decreased and explain the reasons behind this with some live examples, and we will also mention our expectations regarding the direction of prices in the future. First of all, in any large market that is not governed by limited sellers and buyers, it is subject to the theory of supply and demand, which states that when the demand for any commodity increases and the supply decreases, its price increases due to its scarcity, and vice versa. and diversify competitors.

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.

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. Lying under the city of Istanbul is the world’s most extensive ancient cistern system, named Basilica Cistern. The Basilica Cistern consists of hundreds of old cisterns built in the 6th century under the order from Emperor Justinian I, the Byzantine ruler at that time. Basilica Cistern is located about 150 meters southwest of Hagia Sophia. The cistern is standing on an area of 9,800 square meters, and it was able to hold up water up to 80,000 cubic meters, enabling it to provide clean water to Great Palace of Constantinople and other buildings on the First Hill. The Basilica Cistern was mistreated during the Ottoman Empire. In 1985, the Istanbul authority decided to clean the site and turned it into one of the most famous Istanbul tourist attractions. The impressive construction and the history of the building have attracted many tourists in Istanbul.

Do not underestimate the advice of the company’s legal team, especially if you intend to apply for Turkish citizenship. We have heard of cases where clients did not follow their lawyer’s recommendations, resulting in delays in obtaining Turkish citizenship. Sometimes, Turkish citizenship can be revoked for children who have crossed the age of 18 due to negligence, either on the part of the brokerage company or, more often, the investor themselves.

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.

Let’s start immediately with the advantages of Right Home and talk about them in detail: The principle of work of real estate marketing companies in Istanbul is the well-known principle of mediation in any field of trade or services, where the broker is given a specific commission from the seller in the case that the deal is completed on the condition that the customer receives the same price without any increasing. Thus, if the customer decides to buy the property himself or with a real estate marketing company, the price will be the same, only the customer will lose the services of the marketing company before, during and after the sale, which is very important, especially if the customer is interested in obtaining Turkish citizenship.

Turkey travel is one of the top reasons to invest in Turkey. Hagia Sophia is considered one of the most beautiful buildings in the world. It was once a church and a mosque but is now one of the most visited museums in the world. For 916 years it was a church and then following the conquest of the Sultan Mehmed, it was converted into a mosque and remained so for 482 years. In 1935 it was converted into a museum and visitors can enter daily to see the mosaics, calligraphy, tiles and Sultan’s lodge.

Smaller apartments tend to have quicker investment cycles compared to larger ones, whether for rental purposes or resale. Small apartments with areas around 65 square meters are in high demand, particularly in central Istanbul, as they cater to employees with small families who want to be close to their workplaces without paying exorbitant rents for larger apartments. Larger apartments with lower price per square meter, even within the same project as smaller ones, may have lower demand in central Istanbul. If you choose a non-central location, larger apartments can still be attractive to renters looking for spacious accommodations.

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).

The Eurasia Tunnel represents a remarkable engineering feat that connects the European and Asian segments of Istanbul, Turkey. Opened in December 2016, this undersea tunnel serves as a pivotal infrastructure project that enhances the city’s transportation and communication networks. The Eurasia Tunnel extends beneath the Bosphorus Strait, spanning approximately 5.4 kilometers in length. It comprises two traffic lanes in each direction, each equipped with advanced traffic control systems. The tunnel provides a direct conduit connecting the Kazlıçeşme district on the European side with Kadıköy on the Asian side of the city. The Eurasia Tunnel significantly alleviates the longstanding issue of traffic congestion in Istanbul, effectively reducing travel times between the European and Asian sectors. The tunnel emerges as a crucial choice for travelers seeking expedient transit between the city’s two diverse sections, thereby enhancing traffic flow and mitigating congestion on other bridges across the city. The tunnel is accessible to various types of vehicles, including cars, buses, and motorcycles, with a toll fee applied for usage. It operates around the clock to accommodate the transportation needs of travelers. Ultimately, the Eurasia Tunnel serves as a vital addition to Istanbul’s infrastructure, enhancing the city’s capacity for managing traffic and boosting connectivity between the European and Asian parts of the city. It also represents an extraordinary engineering achievement, reflecting the technological advancements in the field of transportation and communication within the region.