Real estate property development and investing solutions in Palm Beach and Las Vegas with David in 2024

Top rated real estate property development and investing solutions in Nevada and Florida from David Frear: Economic Uncertainty and Forecast – Forecasters speculate that the Federal Reserve may slash the overnight funds rate in the coming year as inflation cools. This move could potentially provide a boost to the real estate market. However, given the unpredictable macroeconomic climate, the actual trajectory of the economy in 2024 remains uncertain. In December, there were 1,518 single-family houses sold, marking a 5.8% increase from November but a 1% decrease from December 2022. The median sales price of previously owned single-family homes in December was $449,900, showing a $100 drop from the previous month but a 5.9% increase from the prior year. The year started at $425,000, reflecting a 5.9% year-over-year increase. See even more info on David Frear.

Will the Housing Market Crash in Florida? Population growth, and particularly growth in the number of households, lead to a growth in housing demand. Real estate is subject to the law of supply and demand: when there are more purchasers than available homes, prices rise. Since the 1940s, Florida’s population has increased year after year, often outperforming the national average. However, like the rest of the United States, growth plummeted to historic lows during the initial years of the pandemic until rebounding last year. Florida is now America’s fastest-growing state. According to recent census data, the Sunshine State added over 400,000 additional people between July 2021 to July 2022. It was a growth of 1.9%, bringing the total population to 22,244,823. That makes it faster-growing than Texas, which has the second-largest population in the United States, trailing only California.

A Las Vegas commercial property was recently acquired by a Los Angeles-based real estate investment company that plans on repositioning it and adding value. BH Properties acquired the Addison Complex facility for a fee of $2.8 million, from seller VanMeetren Family Limited Partnership. BH Properties worked with David Frear, Senior Vice President of Colliers International during the transaction, while the VanMeetren Family Limited Partnership was represented by Charlie Mack, a president and broker with Mack Realty.

VanMeetren Family LP sold the multi-tenant Addison Complex industrial building at 4680 W. Russell Rd. in Las Vegas, NV to BH Properties for $2.8 million, or about $66 per square foot. Delivered in 1984, the 42,471-square-foot building sits on 2.7 acres in the SW Las Vegas Industrial submarket of Clark County and features ten drive-ins, building signage and a fenced lot. The buyer plans to significantly upgrade the building and rearrange the property to just two tenant spaces. David Frear of Colliers International represented the buyer. Charles Mack of Mack Realty represented the seller.

The Florida housing market, characterized by positive trends in closed sales, median prices, and increased inventory, offers a promising landscape for both buyers and sellers. The surge in new listings and growing inventory levels indicate a healthy and dynamic real estate sector in the state, positioning Florida as a noteworthy player in the current housing market scenario. Clewiston, FL: This metropolitan statistical area (msa) is poised for substantial growth, with a projected increase of 8.7% in home prices by December 31, 2024. Clewiston demonstrates resilience and attractiveness for potential homebuyers, as indicated by the ascending trend in the forecast.

Lifetime periods of economic downturns, Las Vegas has proven to be resilient. After the challenges of the Great Recession of 2008-2009 and the COVID-19 pandemic in 2020-2021, the city has bounced back with robust growth and development. New projects and initiatives are continually revitalizing the city. Las Vegas has ongoing infrastructure development projects, including new roads, public transportation, and community amenities. These investments can enhance the quality of life and property values, making it an appealing choice for long-term real estate investors.

So, will the Florida housing market crash in the next five years? It is impossible to say for sure. However, there are both positive and negative factors that could influence the market. Let’s take a look at the latest housing market trends in Florida. Florida’s housing market is poised for optimism in 2024. Several factors contribute to this positive forecast, providing a favorable environment for both buyers and sellers in the state such as a significant slowdown in inflation, leading the Federal Reserve to halt its rate hikes. Consequently, mortgage rates are expected to have reached their peak. This stabilization in mortgage rates is a crucial factor contributing to the positive outlook for Florida real estate in 2024. Homebuyers can anticipate more stable and potentially lower mortgage rates, enhancing affordability.

Property investment agency Turkey 2024

Top rated real estate market experts Istanbul, Turkey: Istanbul comprises 39 municipalities, with 24 in the European section and 15 in the Asian section. The city’s unique position provides it with the Black Sea and Sea of Marmara coastlines, in addition to the iconic Bosphorus Strait. Istanbul also boasts two lakes, Kucukcekmece and Buyukcekmece, ensuring that many areas offer sea or lake views. This has contributed to the growing significance of maritime transport, especially since the city’s unplanned expansion often results in congestion during peak hours. Sea taxis and public maritime transport alleviate this pressure, while the constantly expanding public transportation network, both above and below ground, further improves mobility. Discover additional details on buy apartment in istanbul.

Beware of scams that are often designed not to steal your money directly but to make unrealistic promises that cannot be fulfilled in reality, such as a guaranteed 10% permanent rental return or profits of up to 300% within two years, and so on. Be cautious of offers that come with a gift wrap, as they are often (but not always) a deception, such as a guarantee of renting apartments for three years in regular apartments. What happens after those three years? Or offers like buying land near the Istanbul Canal and selling it at double the current price after two years. Be aware that if the square meter price actually increases, the abundance of such offers will prevent you from achieving the desired profit. Or offers like buying two apartments for $400,000 in total, claiming they are suitable for Turkish citizenship.

Try to combine multiple advantages when choosing an investment property location. For example, a property in central Istanbul, close to an upcoming transportation hub, and near an important university offers multiple benefits that can result in a successful resale. Choosing a premium location without evaluating the price per square meter at the same time may lead to purchasing an excellent property in an excellent location at a price higher than the market, making resale difficult. This is a common issue with upscale towers in central Istanbul.

Our goal in presenting these statistics is to clarify that the number of properties sold in Turkey, of which Turkish citizens constitute 97%, while the share of foreigners is only 3%, as shown in the figure below for the number of properties sold to foreigners in Turkey (compared during March 2021). From this we conclude that the vast majority of real estate was sold in the local market, and this clearly means that the Turkish real estate market is a profitable investment market, otherwise there would not have been an increased demand for new real estate purchases, especially under construction by Turkish citizens (who do not seek citizenship but a net investment 100%).

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. We are dedicated to giving you the very best experience finding the Right Home! We have a team of real estate consultants, who are available for you for any needs that might arise. In Eminonu neighborhood of Istanbul, near the Topkapi Palace, you can find the complex of The Istanbul Archaeology Museums, one of the most famous Istanbul points of interest. The museum consists of three buildings; each of them houses different theme of collections. The first one is the Museum of the Ancient Orient. This part of the museum displays pre Islamic artifacts obtained during the expansion of the Ottoman Empire. The second part of the museum is the Archaeology Museum. You can see traditional statues and sarcophagi in this part of the museum. The last part of the Istanbul Archeology Museums is the Tiled Pavilion. Mehmet The Conqueror ordered the construction of this pavilion back in 1472.

With our previous clients, we were able to achieve 100% profits in less than 3 years through systematic and thoughtful real estate investment through our experience in the market and our studies of the basics of successful investment, you also can achieve a successful investment and achieve profits of not less than 35% through your real estate investment with Right Home. In Right Home, we do not deal with an independent lawyer, but rather we have a legal team consisting of a group of lawyers with experience in the issues of foreign ownership of real estate in Turkey and obtaining Turkish citizenship and who are fluent in the English and Arabic languages, and the interested client is connected to the legal team directly to ask all legal questions related to the process of getting real estate or obtaining Turkish citizenship in its various states. Read extra information at righthome.com.tr.

And we belief in the role of real estate companies in providing the right information for those interested in real estate investment and the spread of investment awareness about Turkish real estate, that’s why our company Extra Property publishes educational articles about ownership in Turkey and the most important information that the owner needs during the ownership or investment in Turkey. In this article, we will highlight the most widespread misinformation about real estate in Turkey.

Growing neighbourhoods like Kucukcekmece and Beylikduzu offer all the benefits of city life with easy access to shopping, nightlife and transport links. Yet they eliminate all the hustle and bustle by sitting on the outskirts, therefore providing more of a suburban feel than city dwelling. While the shores of the Bosphorus and areas like Sisli still remain the elite of Istanbul real estate markets, neighbourhoods like Esenyurt and Buyukcekmece with these new branded lifestyle projects are enabling the growing middle class to become real estate investors for less than £100,000 for properties in Istanbul, especially now with the current exchange rate between the Turkish lira and dollar that edges everything to a buyers advantage.

Turkey travel is one of the top reasons to invest in Turkey. As described above, Sultanahmet is home to the city’s most important attractions like Ayasofya, Topkapi Palace, the Basilica Cistern, and the Blue Mosque. No first-time visit to Istanbul can be complete without visiting all these places. Travelers pressed for time can click on the link below to learn how you can visit these attractions in one day. But if you have more time, then it would be best to spread them out over two days. You can check my post on the top attractions at Sultanahmet Square in Istanbul for more pictures and information, but here’s a quick rundown of what you a can find there.

Property investments experts Istanbul, Turkey 2024

High quality apartment for investment services Istanbul: Istanbul comprises 39 municipalities, with 24 in the European section and 15 in the Asian section. The city’s unique position provides it with the Black Sea and Sea of Marmara coastlines, in addition to the iconic Bosphorus Strait. Istanbul also boasts two lakes, Kucukcekmece and Buyukcekmece, ensuring that many areas offer sea or lake views. This has contributed to the growing significance of maritime transport, especially since the city’s unplanned expansion often results in congestion during peak hours. Sea taxis and public maritime transport alleviate this pressure, while the constantly expanding public transportation network, both above and below ground, further improves mobility. See extra details on projects in Istanbul.

The presence of inexperienced real estate brokerage companies in the market and the trust of some new investors in them has led investors to these projects and thus buying real estate at a price higher than its logical price by 20% and sometimes as 30%, and here the blame lies with the investor who does not study the real estate market and its investment options properly before To choose the agent he deals with, instead he communicates with dozens of agents randomly, thinking that this is the best way to get the best opportunity! The real estate investor must understand the investment in Istanbul correctly, and we here at Right Home help you with this through our blogs on real estate investment in Istanbul.

The cheapest property is not necessarily the best for investment. A thorough analysis is required to evaluate the advantages it offers compared to its price. Only then can a well-founded decision be made. For investment purposes, the size or the number of rooms in the property does not matter as much as the expected return it offers. Tips related to property location: Selecting a prime location is the key to successful resale and the foundation of any real estate investment. Properties in city centers generally have a faster investment cycle due to high demand and limited supply. An investment cycle in the city center can be completed in less than three years.

Clearly state your requirements to the sales representative when you meet with them. If you have a fixed budget that cannot be exceeded, it is best to mention it to avoid getting a property tour that does not match your requirements, wasting your valuable time and energy in Istanbul. For example, a client who requests the best investment properties without specifying a budget will have the sales representative search in central Istanbul to find a suitable property. If the client’s budget is not suitable for properties in the center, they will find that property prices are high, and they may withdraw from the idea of investing at a time when suitable investment properties are available in other areas. The sales representative could have visited these areas with the client if they had disclosed their approximate budget.

And we belief in the role of real estate companies in providing the right information for those interested in real estate investment and the spread of investment awareness about Turkish real estate, that’s why our company Extra Property publishes educational articles about ownership in Turkey and the most important information that the owner needs during the ownership or investment in Turkey. In this article, we will highlight the most widespread misinformation about real estate in Turkey.

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.

Istanbul tourism is one of the top reasons to invest in Turkey. Also known as Shisha or waterpipe, Hookah lounges are very popular in the city. Dave and I are ardent non-smokers, but to visit Istanbul without giving a Hookah a try would be criminal. Hookahs are flavoured tobacco smoked through a water pipe. It became popular in Turkey in the 17th century and was a status symbol for those in the city. You cannot visit Istanbul without experiencing the weird and wackiness of a Turkish Bath, also known as a traditional hammam. Be prepared to strip down to your birthday suit and have strangers vigorously bath and massage your entire body after a hot steam bath. It can be painful, strange, and heavenly all at once. You may or may not like it, but I can tell you one thing for sure, you will never forget it.

Here the distinction of Right Home is highlighted, where our team directly accesses the owner of the property and negotiates with him to obtain the best price for the customer, and it is common knowledge in the process of reselling real estate that the buyer pays a commission to the marketing company as does the original property owner as well, but here in Right Home we get the possible lowest price from the property owner and we do not take any commission from the buyer. This is for new properties that are sold for the first time, but what about properties resold directly from their owners? Thus, dealing with our company will be profitable for the client in all cases, and he will receive all of our services completely free of charge. See additional info on righthome.com.tr.

We heard from some real estate owners in the recent period that real estate investment in Istanbul is a losing investment, and if it’s not been for the goal to obtain Turkish citizenship, they would not have bought real estate in Istanbul. Is this true? Is it necessary to obtain Turkish citizenship to sacrifice $ 250.000 to buy unprofitable real estate? It is no longer a secret to anyone that the real estate market in Istanbul is witnessing continuous prosperity and escalating growth that does not stop or decline. Let us leave the theoretical talk and see the statistics issued by the official Turkish Statistical Centre.

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. We take great pride in being more than just another real estate agency. We aim to develop long-lasting relationships with our clients by offering exceptional services and meeting customer’s utmost satisfaction. Istanbul is the capital of Turkey and one of the popular tourist destinations worldwide. The rich culture and glorious history attracts many to visit this one of the largest cities in Europe. Beautiful city Istanbul is a complete historic city where the main attractions are many years old mosques and churches. Some topmost must-see landmarks are Sultan Ahmed Mosque, Hagia Sophia, Topkapi Palace, and Ortakoy Mosque. The traditional Grand Bazaar became an iconic must-visit popular market for tourists in Istanbul. And this market is also one of the largest and oldest markets in the world. Another popular and historical activity in Istanbul is Turkish Baths. There are many hamams or Turkish bathhouses you might like to try for the first time during your trip.

Montreal AirBnB offers with Leasing Kings and Mike Firmin right now

Montreal AirBnB offers and Canada holiday destinations by Leasing Kings and Mike Firmin: Regulatory Considerations in Airbnb and Long-Term Renting – Navigating local laws and regulations is a critical aspect of both Airbnb and long-term rentals. For Airbnb hosts, it’s important to understand and comply with local short-term rental regulations, which can vary widely by location. These may include obtaining permits, adhering to zoning laws, and paying relevant taxes. In the context of long-term rentals, understanding lease agreements and tenant laws is essential. These laws are designed to protect both the landlord and the tenant, and they govern aspects such as eviction procedures, security deposits, and lease terms. Failure to comply with these laws can lead to legal challenges and financial losses. Discover additional information on https://www.instagram.com/mikefirmin2030/.

Travelers looking for a relaxing way to cross Canada may want to consider the train, in this case, the Canadian. Connecting Toronto and Vancouver, this is one of the world’s more famous train rides, traveling through the lakes of northern Ontario, the prairie provinces and the Canadian Rockies including Jasper National Park, to end at the cosmopolitan city of Vancouver. It takes 3 days to cover the 4,466 kilometers (2,775 miles) connecting the two cities. Via Rail recently spent $22 million modernizing the train.

Montreal AirBnB options with Leasing Kings and Mike Firmin right now: Music and Dance: Music and dance are the souls of any special day. Having good music in your wedding stretch limo would be a cherry on the cake. If you have hired a stretch limousine then you even get a dance floor in that, so choosing the music and songs according to your taste and occasion would make your ride super special.

Of the highest peaks, only Mount Temple (3,543 m (11,624 ft)) has an established scrambling route. All other mountains require more mountaineering skills and experience. Despite the fact that it is only a moderate scramble, even Mount Temple should not be attempted by novices. According to the Alpine Club of Canada, more people have died on Mount Temple than any other Canadian mountain. Five national parks are located within the Canadian Rockies, four of which interlock and make up the Canadian Rocky Mountain Parks World Heritage site. These four parks are Banff, Jasper, Kootenay and Yoho.

Situated at the foot of alpine peaks in Banff National Park, Lake Louise is easily one of the most beautiful attractions in Canada. It’s well worth dodging throngs of tourists to experience the crystal-blue waters and stunning vistas. There’s plenty to do at the lake, including booking a serene gondola ride in the summer and ice skating in the winter months. The nearby resort village of Lake Louise is the highest community in Canada at 1,540 metres (5,052 feet).

High quality Montreal AirBnB options with Leasing Kings and Mike Firmin: For 6,000 years, Wanuskewin has been a meeting place for indigenous peoples from across the Northern Plains – where communities came together to hunt bison, gather food and escape the winter winds. With archeological sites dating back thousands of years, including tipi rings, stone cairns and pottery fragments, Wanuskewin is today an educational facility with walking trails, events and exhibitions, directed by a council of First Nation elders. Keep an eye out for the wandering herd of plains bison that was reintroduced to the park in 2019.

The second largest country in the world, Canada has no shortage of beautiful landscapes and interesting sights for travelers to explore. From coast to coast to coast, the country is home to vibrant and culturally rich cities, along with incredible natural wonders. In Western Canada, the Rocky Mountains; the Okanagan Valley; and the cities of Vancouver, Victoria, and Calgary are some of the best places to visit and frequently dominate itineraries. In Central Canada, Niagara Falls, Toronto, Ottawa, Montreal, and Quebec City are some of the most popular tourist destinations. For those who venture out to Canada’s Atlantic Provinces in the east, the beauty of Gros Morne National Park, along with the cities of Halifax and St. John’s, provide their own unique character. Find more information at Leasing Kings and Mike Firmin.

Montreal AirBnB offers and Canada holiday destinations from Leasing Kings and Mike Firmin: Canada Visa advice – So much can go wrong with your Canada visa application. Strict deadlines, heaps of documentation, tests and qualifications, even the smallest error with any of these can cost you your entire application. We know it’s very difficult to keep up with the ever-changing world of Canadian immigration. Don’t let the small things dash your dreams of a Canadian life. We have put together a list of 5 top tips guaranteed to improve your application’s chance of success. Save your money, avoid mistakes and follow our advice. Let’s get you to Canada.

One of the city’s oldest churches, this chapel dates back to 1771 with a foundation that dates back to 1673. It’s a bit of a hidden gem when compared to the huge relics of Expo 67 or cultural hubs, but it’s got plenty to contest a position on our list: The Marguerite Bourgeoys Museum and its meticulous dioramas detailing the life of its namesake nun are one thing, but a climb up its spire for views of Old Montreal are worth a visit alone. That, and the church features numerous wooden boats hanging from its rafters, decorations that were commissioned by sailors as thanks for safe passage in the 1800s.

Air BnB Montreal offers from Leasing Kings and Mike Firmin 2023

Air BnB Montreal deals with Leasing Kings and Mike Firmin today: Underground City: While it’s called a ‘city’, think of it more as a twisting and turning web of tunnels that together are 32 kilometers long, connecting a huge swath of downtown, keeping us warm during the winters or cool in the summer. Over half a million people are walking through it every day for business and pleasure, but don’t overlook what visitors can get out of it: Access to museums and universities, performance centers, malls upon malls, restaurants (including our own Time Out Market in late 2019) and festivals like Art Souterrain, when installations are put up for a one-night-only exhibition by local and international artists. Read additional info at Leasing Kings and Mike Firmin Montreal AirBnB.

Vieux-Québec, or Old Quebec, is an historic district in Quebec City. This is where the French explorer Samuel de Champlain founded Saint Louis Fort in 1608. The military presence here was strong under both the French and the British, with the area being heavily fortified. Today it is a tourist district with many small boutiques and hundreds of historical and photographic points of interest. Visitors will want to take in the Citadel, known as she “Gibraltar of the Americas,” because of its strategic location overlooking the St. Lawrence River. Visitors also will want to take in the iconic Chateau Frontenac, and enjoy the charm of European style shopping on Rue Saint Jean.

Air BnB Montreal options and Canada attractions with Leasing Kings and Mike Firmin: Music and Dance: Music and dance are the souls of any special day. Having good music in your wedding stretch limo would be a cherry on the cake. If you have hired a stretch limousine then you even get a dance floor in that, so choosing the music and songs according to your taste and occasion would make your ride super special.

Studies and history of Niagara Falls indicate that thousands of years ago, the Falls was 11 km downstream from its current spot. Erosion was a major issue associated with the Canadian Falls. And the rate of average erosion of the Niagara Falls rose up to 1 metre per year until early 1950s. Thereafter the water diversions have spread out more evenly reducing the erosion in Niagara Falls. The Canadian Horseshoe Falls is also a great source of hydraulic power. There are over 500 waterfalls in the world are taller than Niagara Falls. But Niagara Falls is the biggest waterfalls in the world by the volume of whopping water siphoned at an average of 750,000 gallons each second.

Can you truly call yourself a Canadian if you haven’t slept on a bed made of ice? If your answer is a resounding no, it’s time to book a room in Quebec City‘s famed Hotel de Glace. Constructed every year from more than 15,000 tonnes of snow, the hotel features 36 rooms, a bar and an outdoor spa with saunas. The temperature in the hotel is between -3°C and -5°C, so guests bundle up in arctic sleeping bags through the night. While prices for overnight stays are steep, the hotel offers tours for visitors just passing through.

Montreal AirBnB options with Leasing Kings and Mike Firmin right now: Rising above the rolling prairie, Winnipeg is a city booming with craft breweries and coffee roasteries. Between them is the Canadian Museum for Human Rights, housed in a contemporary building wrapped in an enormous glass cloud. The museum sheds light on Canada’s dark history – including the internment of Canadian-Japanese during WWII and the residential schools forced upon indigenous children as recently as the 1990s – with the explicit intention of encouraging reflection and inspiring a brighter future.

Tips on Turning Your Home into an Airbnb for Maximum Income

If you’re looking to earn extra income by turning your home into an Airbnb, here’s my best advice.

Focus on the visitor experience!

The most crucial factor is that your visitors enjoy themselves. After all, they will decide if they wish to return and if they will recommend the establishment to other possible visitors. Without making major modifications or investments, you can still have an impact on their experience. I suggest a few things, such as:

– Having a comprehensive list of products offered, such as shampoo, soaps, toilet paper, etc.
– Establishing a pleasant ambiance inside the home with art decorations and items that merely make people feel cozy;

Invest Wisely

You should invest your money properly if you want to turn your house into a lucrative Airbnb business. Remember that you will still need to live there because it is still primarily your house. Spend your money on things like better mattresses and furniture that are most appreciated by visitors. Since many guests highly value these features while evaluating an Airbnb listing, these expenditures will eventually pay off!

Although it is less than a two-hour ferry ride from the mainland, Vancouver Island can seem a world away. Most people head to Victoria, BC’s capital city, for sightseeing and culture, but if you head north into the wild and remote landscapes, the island holds some unexpected and unforgettable experiences. Nature lovers can hit the best hiking trails on Vancouver Island and set themselves up at some beautiful camping locations. Those looking for more comfort can always turn to one of the island’s lodges or resorts. One of the island’s most incredible sights are the old-growth forests of giant trees, some more than 1,000 years old. Within day-tripping distance of Victoria are the ancient trees of Eden Grove, near the town of Port Renfrew. If you are heading up island, you can also wander through Cathedral Grove, not far from the town of Port Alberni, or go all the way out to Tofino to see even more huge trees. Discover additional details at Leasing Kings and Mike Firmin Montreal AirBnB.

Best Montreal AirBnB deals with Leasing Kings and Mike Firmin: Canada Visa advice – RCICs can be trusted for their professionalism if they are registered with the Immigration Consultants of Canada Regulatory Council (ICCRC). The council regulates the professionalism and credibility of RCICs. If you are wondering whether you can trust your RCIC, simply run their number through the ICCRC’s registry to find out if they are in good standing with the council. If you want to immigrate to Canada, then you will have to get to know the Provincial Nomination Programs (PNPs). Nearly all of Canada’s provinces and territories have their own variation (with multiple subcategories) of this program.

Real estate investment solutions Istanbul, Turkey today

Apartment real estate solutions Istanbul, Turkey with righthome.com.tr: We discussed the reasons for the rise in real estate prices in Istanbul previously, and then we clarified the real reasons for the rise in prices, such as the high cost of construction materials, an increase in shipping costs, supply chain problems, and also the continued decline of the Turkish lira against the dollar. But apart from these real reasons, there are additional reasons that led to an exaggerated increase in prices in some projects in certain areas of Istanbul, in the hope of real estate developers to obtain additional profits, but with the passage of time and weak demand, especially for this type of real estate, the prices of which we see today are returning to normal prices. As before . Important notes before talking about these projects: The increase in the minimum amount for obtaining Turkish citizenship from $250,000 to $400,000 led some real estate developers to think that this is an appropriate opportunity to sell the property whose value was $350,000, at a price of $400.000 or $420,000 to become suitable for Turkish citizenship. See additional information on benefits of turkish citizenship.

The cheapest property is not necessarily the best for investment. A thorough analysis is required to evaluate the advantages it offers compared to its price. Only then can a well-founded decision be made. For investment purposes, the size or the number of rooms in the property does not matter as much as the expected return it offers. Tips related to property location: Selecting a prime location is the key to successful resale and the foundation of any real estate investment. Properties in city centers generally have a faster investment cycle due to high demand and limited supply. An investment cycle in the city center can be completed in less than three years.

Be cautious about buying properties that violate the laws because, in the near future, you will be the only loser. For example, buying a property valued at less than $400,000 but claiming it’s suitable for Turkish citizenship when the Turkish government has set a minimum of $400,000, there’s no room for manipulation at all. Be wary of advice from friends and acquaintances who have made unsuccessful real estate investments and are advising you to buy property in the same area or project, even though their investment is incomplete or unsuccessful. A successful investment is only complete when the property is sold, and thus, if one of your friends bought a property for $200,000, and its price is now $250,000, this is not considered a successful investment unless the owner manages to sell the property and complete the investment.

Many beginners in real estate investing in Turkey are looking for quick profit, which makes them rush in their decisions and they often end up in loss. The real estate sector is one of the most growing sectors in Turkey which provides all investors with a good investment return, but the key to success in this sector is time. Investor’s efforts must first be based on understanding the market and then choosing the best property in terms of region and quality. Then wait, as one real estate investment expert says. “Real estate investors are the only ones who make money while they are asleep.”

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.

Turkey tourism is one of the top reasons to invest in Turkey. A short walk down the street takes you to the Grand Bazaar for the most exciting shopping experience you’ll ever have. There are more than 5,000 shops in the Grand Bazaar covering 60 streets. It was an important trading center dating back to the 15th century. I can only imagine how it once was with traders coming in from Asia and Africa bringing their exotic items for merchants to peruse from Europe. Spend a day losing yourself in the giant labyrinth that houses Mosques, hammams, cafes, and jewelry stalls.

The result is that one of Right Home’s clients received an investment with a profit rate of 110% in just two years, and this in investment science is symbolized by ROI = 55%, which is a really high percentage, especially if we know that this percentage was calculated for the US dollar and not for the Turkish lira. The investment was the purchase of an apartment under construction in an investment project in Sisli two years before the date of writing the article, equivalent to $ 150.000, and today the value of this same apartment is about $ 315.000, two years after the start of this investment. The good news is that this project is constructing a new tower with the same specifications as the first investment tower, in which opportunities can be seized now.

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. We are dedicated to giving you the very best experience finding the Right Home! We have a team of real estate consultants, who are available for you for any needs that might arise. Istanbul is the capital of Turkey and one of the popular tourist destinations worldwide. The rich culture and glorious history attracts many to visit this one of the largest cities in Europe. Beautiful city Istanbul is a complete historic city where the main attractions are many years old mosques and churches. Some topmost must-see landmarks are Sultan Ahmed Mosque, Hagia Sophia, Topkapi Palace, and Ortakoy Mosque. The traditional Grand Bazaar became an iconic must-visit popular market for tourists in Istanbul. And this market is also one of the largest and oldest markets in the world. Another popular and historical activity in Istanbul is Turkish Baths. There are many hamams or Turkish bathhouses you might like to try for the first time during your trip.

Today our real estate consultant can describe to you the areas of Istanbul and the projects that may interest you to own them accurately as if you are on a real tour, and when you like one of our projects, we will have a virtual real estate tour and visit the project and get to know the surrounding area and the advantages of private investment in it or housing in case your goal is a residential property. Through the video calls, we will show you everything and carry out the negotiation processes. When we get the appropriate option, we sign the contract. This virtual process does not diminish from the real process except for the handshake that we used to do with the client when the deal was completed. Find more information at https://righthome.com.tr/en/home.