Keith’s Weekly Property News May 30-2021

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Keith’s Weekly Property News May 30-2021

A fairly zippy week this past week, with lots of boots on the ground and transactions, offers, negotiations, and new projects started. Creaking under the burden of this, we are leaving no stone unturned in the search for new opportunities that meet our criteria. Expansion into new neighbourhoods is inevitable.

We are still very excited to undertake refurb projects with places offering sublime sea views in Uskudar on the Asian Side. We feel Kadikoy is hot to the touch and offers little appeal for investors looking for appreciation, mainly with Bosphorus view properties.. Sea view properties there have jumped ahead of market reality.

For new-build projects, we have identified 2-3 in the Kagithane area that we feel comfortable with. There is a construction boom there and it looks set to become yet another one of those alternative ‘downtowns’. The things I like about this area are: proximity to core downtown, lower sqm entry level price than core downtown equivalents, very popular with Turkish market, and the Metro line about to open.

We also still hope to ‘piggyback’ on some of these developments and find some really good deals on the secondary market that benefit from proximity to some of the mega-projects. We think investors should give this area a hard look. Yields are a bit on the low side, but I anticipate they will surge ahead in the coming years, making for an attractive retro-active yield from original purchase price.

This week, we will focus a bit on what has sold or what is under offer/being negotiated, as well as some of our picks. By showing you some of the ones under offer, it should give a good idea also of what we like in terms of pricing, location and general characteristics of a property.

In this week’s meeting then, we will focus on sold + for sale properties, as well as a basic review of our property management services. David will speak for 5 minutes about his assessment of Airbnb potential.

Property links distributed during weekly zoom session

Tagged: Istanbul propertybuying property in Istanbulcentral IstanbulIstanbul apartmentsIstanbul buildingsIstanbul investmentIstanbul propertyIstanbul property sale, Istanbul real estateIstanbul renovationsProperty in Istanbul.

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keith-boyle

About Us: My Bricks is a unique real estate company in Istanbul. With over a dozen years of experience in downtown Istanbul, Keith has been involved in countless transactions. He tirelessly researches for the best opportunities for his valued clients. In addition, Keith has project managed over 50 renovation/restoration projects (see Keith in action on YouTube: https://www.youtube.com/watch?v=yLaLIjo9X-A&pbjreload=101). We source all kinds of properties, from budget properties up to luxury villas on the Bosporus. We give personal service to our clients; often doing zoom and WhatsApp sessions 1-1 and also webinars where clients can benefit from the wisdom of Keith’s other clients. In these webinars issues such as taxes, legal issues, design and renovation and identification of property opportunities are addressed. These sessions are typically run on Saturdays and Sundays. Come and join us; just contact Keith for details on: WhatsApp/telegram at +90 531 582 3876). Our living and breathing passion is real estate in the downtown area. We look forward to virtual sessions where you walk side by side with us along the streets or in real life when you arrive in Istanbul. We are fully equipped to help you with any logistic matters you may require, from obtaining citizenship through investment to managing your assets professionally here in Istanbul. At this point in time, the agency is transforming and we have investment coming in. It is an exciting time to purchase in Istanbul. I look forward to doing the ground-work for you and launching you on your way to a profitable and enjoyable investment. Kind regards, Keith Boyle

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