High quality real estate advices in Turkey 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.
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. Find more info on https://mehmethekimoglu.com/sheraton-tower-in-istanbul/real-estate-investment-in-turkey/. 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.
Now the important question comes to our mind, which is how much does it cost to buy an apartment for two bedrooms in the above project? Prices for real estate with a partial Bosphorus view will start at least from 450 thousand dollars for a bedroom and a hall and from 650 thousand dollars for two bedrooms and a hall. We know that this budget exceeds the expectations of many foreign investors, but these are the logical prices for these properties, as they overlook the Bosphorus and in the Sisli district in central Istanbul, in a modern, full-service tower building. Do I need 450 thousand dollars to start a successful investment in Istanbul? Of course, not necessarily. The strategic location does not mean only real estate near the Bosphorus. Let us explain the matter simply through the following rule: “Any real estate in a strategic location (city center / near an important transportation station / near a highway / with a high rental return / distinguished from the surrounding real estate to make it easier to sell later with profits) is a valid investment property if most of the other investment bases are available”.
To ensure that your investment is made feasible to the fullest extent after fulfilling the above conditions, it is necessary to choose a property that includes an opportunity in terms of price as well, not just specifications, because the property you get at a price lower than the market price with a valid investment expectation, this means that you will earn twice as much. We do not deny that many real estate consultants are able to offer you opportunities for real estate with a price per square meter lower than its neighbors with the same specifications, but the question is how many real estate consultants are able to choose a property that applies the above conditions combined? Find extra info at https://mehmethekimoglu.com/.