Real estate investment is one of the best ways you can secure a decent life for you and your family, because it’s an effective way to raise capital and make money. But, as with all projects, real estate investment has factors and secrets that drive it to success. What are those factors? How can I achieve it?
- Strategic Location: The first and most important factor in buying a property or land is strategic location because it is a constant factor that does not change. What I mean by strategic location is being near the city and public facilities, and service centers such as schools, hospitals, parks and universities. We do not recommend buying in places that are isolated due to the scarcity of demand for such places.
If the property has no advantage other than strategic location, it can raise its price and make it distinctive, from which you can benefit by renting it, living in it, selling it in the future, or even establishing a business on it if the property is land.
- Choosing The Right Time: To make the most of your investment, you have to choose the right timing for both sale and purchase, and you can find out the right time by studying the movement of the real estate market and looking at the latest projects in your area and how they will affect the future of buying and selling in your area
- Real Estate Appraisal Report: Also known as Real Estate Valuation. On February 15, 2019, the Department of Real Estate and Title deed Records of the Ministry of Environment and Urban Planning in Turkey issued a Circular (Circular No. 1/2019) stating that foreigners wishing to buy a property in Turkey should receive the real estate appraisal report, it covers the following points:
_Title deed information and real estate registry for the property
_Information about the location of the property and nearby transportation.
_All legal notes related to the property.
_Problems and drawbacks facing the property.
_Technical property specifications (like construction, decoration, and design).
_Information about the market price of similar properties.
_Price and real estate valuation of the property.
_Extensions and other notes related to property.
How do I get a Real Estate Appraisal Report?
You can apply for a real estate appraisal report through the website of the General Directorate of deeds and Real Estate Survey of Turkey. The real estate appraisal report is prepared by specialized companies licensed by the Turkish State Institution for Regulating and Monitoring the Business of Banks. The appraisal document is issued between three days and one week and has a validity period of three months from the date of issuance.
- Availability Of Services: Ensure that the property you are planning to purchase is surrounded by a complete set of services, such as strong infrastructure, transportation, metro stations and the availability of social services centers. The availability of services is considered one of the most important features that increase the value of the property.
- The View: Is one of the factors that play a major role in making the decision to buy property, such as the fact that the property overlooks the street directly or on water or green areas.
- A clear goal: Are you buying the property to start a business? Or leasing? Or Turkish citizenship? or holding the property until the price rises to sell it again
When your investment goal is clear, you can easily prioritize and find out what works best for you. In this regard, we advise you to make sure before purchasing the property in terms of whether it is agricultural, commercial or residential because it will determine how you will benefit from the property in the future
- Choosing The Right Real Estate Consultant: Real Estate Consultant plays an important role in selecting the right real estate, selling, and buying. We advise you to choose a real estate company with good reputation and experience where the real estate consultant provides very useful services to investors, such as taking care of legal matters, conducting a comprehensive study of the property, taking you on a site inspection field tour, and protecting you from fraud and deception..
A Successful Investment Means Canal Istanbul
The New Canal Istanbul project is located in the European part of Istanbul and directly alongside of it is the lands of Yenişehir or The New City, and is strategically located near the New Istanbul Airport, and the Sazlıdere Bridge (the first bridge of the Canal bridges), in addition to Kuzey Marmara Highway passing through its lands.
As for the regulation, 2023 carried a series of important decisions on the organization of a number of the First, Second, and Third Etap lands , as well as the arrival of the Second Etap lands to the sixth and Penultimate stage of regulation, after the Ministry of Environment, Urbanization and Climate Change published on its official website a plan to modify the division of the Second Etap lands to 1/1000 instead of 1/5000
This makes the current days the best time to purchase and take advantage of the high profit return that the coming days promise.
You can get a free consultation from Elhaj Real Estate Group, which specializes in selling lands in and around Canal Istanbul, by contacting us.
“also To learn more about the new city “Yenişehir”“
Sources
Announcing the amendment of the second Etap land division plan
nAnnouncing the entry of part of the First, Second and Third Etap into regulation
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