The real estate market in Istanbul has boomed in recent years. Investors from all over the world flock to the country in search of high returns and low risks.
Turkey offers a variety of options for those looking to invest in real estate. Whether you are looking for an apartment, villa or even a commercial property, you will be able to find it.
In this article, the editorial team at Hana Real Estate will provide you with a comprehensive report on the most important information that interests you about the real estate sector in Istanbul.
Real estate in Istanbul ready to move in:
It will be easier and less expensive to buy a ready-made house than to own a house built from scratch and you can move in right away. Whereas with new construction, you often have to wait months or even years for construction to be completed before you can move in.
You can also check the website. Whereas if you’re buying off-plan, there’s always a risk that the building company won’t build in the location you promised, or that the area won’t develop as quickly as you hoped.
Also, you can see exactly what you are buying. While purchasing on the scheme, you are dependent on the developer’s plans and drawings, which may not be accurate.
Real estate in Istanbul under construction
Istanbul is currently experiencing a construction boom, with many new real estate developments emerging across the city. This has created a great opportunity for investors looking to buy property in the city, as there are many new developments to choose from.
One of the main advantages of investing in off-plan properties is that you can often get a discount on the purchase price. This is because construction companies are often keen to sell units in their development projects before they are completed, in order to raise funds for the completion of the project.
Another advantage of investing in off-plan property is that you can often choose the specific unit you wish to purchase, and even have a say in the finishes and fixtures that will be used. This is not always possible with completed projects, as you may have to take what is available without objection.
Buying a property in Istanbul in installments
Istanbul is one of the most expensive cities in Turkey, but there are several ways to make the purchase of real estate affordable for everyone. One option is to purchase in installments, which allows you to divide the cost of the property over a number of years. There are a number of benefits to this:
You can take advantage of your possessions while you pay for them, rather than having to wait until you have enough to pay for them in full.
You can take advantage of the booming real estate market in Istanbul by selling the property to make a profit once you pay for it in full.
Owning real estate in Istanbul by the sea
Istanbul is a great choice for those looking for a beachfront property. There are a number of different types of Istanbul real estate overlooking the sea, from luxury apartments to affordable options. Whether you are looking for a summer home or an investment property, you will find what you are looking for. One of the information that you do not realize about this real estate option in Istanbul is that its value is constantly rising because the demand for it is great and it is not affected by any disturbances if they occur.
Advantages of buying a property in European Istanbul
There are many advantages to buying a property in European Istanbul. One of the main advantages is that the city has a very low crime rate. This is due to the fact that the city is very well monitored and there are many security cameras distributed throughout. Another advantage of buying a property in European Istanbul is that the city has a very good infrastructure. The roads are in good condition and there is an excellent public transport system connecting the different parts of the city with each other. In addition, there are many parks and green spaces in European Istanbul which makes it a very interesting and lively place to live.
Istanbul Real Estate, Asian Side:
There are many advantages to investing in real estate on the Asian side of Istanbul:
-Real estate prices on the Asian side of Istanbul are significantly cheaper than those on the European side. This makes it a great place to invest in real estate if you are on a tight budget.
-The Asian side of Istanbul is growing very fast. This means that there is potential for capital growth when you invest in its properties
Buying an apartment in the center of Istanbul
The center of Istanbul is located on the European side and this is where most of the tourists stay. It is a very busy area with lots of shops, restaurants and attractions. The prices of apartments in the center of Istanbul are higher than in other parts of the city, but there are some advantages to living in this area.
When you buy an apartment in the center of Istanbul, you will be close to all the tourist attractions. If you want to see the Blue Mosque, Hagia Sophia, or other popular destinations, you don’t have to travel far. You will also be close to many restaurants, cafes and shops.
Is it a good idea to invest in Istanbul real estate?
Real estate investment in Istanbul has been on the rise in recent years, as the city has become increasingly popular among foreign buyers. However, there are some things to consider before investing in Istanbul real estate.
-Prices may drop suddenly, so it is important that you do your research and invest only if you are comfortable with the risks involved.
-Another thing to consider is that the process of buying and selling real estate in Turkey can sometimes be very complicated and time-consuming, so it is important to be patient.
-In general, Istanbul real estate can be a good investment if you are comfortable with risks and willing to put in the required time and effort. However, it is important to do research and consult with experts before conducting any research.
The most important areas for buying real estate in Istanbul:
When you look at some areas of this city, the choice will be very easy for you and you will not make the wrong choice.
-Buying real estate in Basaksehir
Basaksehir is a rapidly developing region in the European side of Istanbul. In recent years, it has become one of the most popular areas for buyers looking for new developments, especially families with young children. There are a number of reasons why this region is distinguished, the most important of which are:
– Basaksehir is located near Ataturk Airport and Istanbul New Airport.
-The area has a number of excellent schools and hospitals.
– Basaksehir is home to a number of large parks and green spaces, which are ideal for relaxing or exercising.
-If you are thinking of buying property in Basaksehir, you should be aware that prices have risen rapidly in recent years. However, it remains one of the most affordable areas in Istanbul, and there are plenty of installment offers to make purchasing a property easier for those who do not have the full property value to pay at once.
-Real estate in Sariyer, Istanbul
Sariyer is a municipality located in Istanbul, located on the European side of the city north of the Golden Horn. It is considered one of the richest and most expensive areas of the city, due to the large number of expatriates and its proximity to the city center. The area includes a number of historical monuments, including the Rumeli Siege Castle, built by the Ottoman Sultan Mehmet II in 1452. There is also the Belgrade Forest.
It is worth noting that it contains a number of prestigious schools and universities.
-Buying real estate in Uskudar
Uskudar is one of the oldest and most traditional neighborhoods in Istanbul. It is located on the Asian side of the city, across the Bosphorus from the European side.
Although it is not as touristy as some other parts of Istanbul, but it has a lot to offer to visitors and residents alike. The neighborhood is home to many mosques, parks and historical sites. It is also well connected to other parts of Istanbul via ferries and public transportation.
If you are interested in buying property in Uskudar, you can expect to find a wide range of options. There are many traditional Turkish style houses as well as modern apartments.
Prices vary depending on the size and location of the property, but you can generally find something to fit your budget.
-Buying real estate in Esenyurt
Esenyurt is a fast growing region in the European side of Istanbul. In recent years, it has gained increasing popularity with buyers from all over the world, attracted by its affordable prices, excellent transport links and a wide range of property types.
Foreign buyers are attracted to the area by the possibility of having a privileged opportunity while prices in central areas of Istanbul, such as Beyoglu, rise; they are still relatively low in Esenyurt.
There is a wide range of property types available for sale, from small apartments to large villas, making it a good choice for both investors and families.
Esenyurt is well connected to the rest of Istanbul via a network of highways and public transportation. Ataturk International Airport is only a 20-minute drive away, while New Istanbul Airport is only 45 minutes away.
-Real estate in Beylikduzu, Istanbul
Beylikduzu is a coastal district of Istanbul, located on the European side of the city, west of Ataturk International Airport
The real estate market in Beylikduzu is growing rapidly, due to the area’s proximity to the city center of Istanbul and many amenities.
There are many construction projects under construction in Beylikduzu, which attract investment from both domestic and foreign buyers. The area is also growing in popularity with expats who are drawn to its good schools and hospitals, as well as its relaxed atmosphere.
-Real estate in Beykoz, Istanbul
If you are considering buying property in Beykoz, Istanbul, you will find a wide range of options to choose from. There are apartments and villas of all sizes and prices, in addition to a number of fenced residential complexes with private security.
The best way to find the right property for you is to work with a local real estate agent who knows the area well. It can help you narrow your search to properties that fit your budget and requirements.
Don’t forget that buying property in Beykoz, Istanbul can be a great investment, as the city is growing rapidly and prices are still relatively reasonable compared to other major metropolitan areas.
See the types of real estate in Istanbul:
The real estate market in Istanbul is one of the richest real estate markets in the world, as it contains a lot of options, and through the following paragraphs, here are the most important ones:
First: Residential complexes:
Residential complexes in Istanbul usually have a number of advantages compared to living in an ordinary house or apartment. They often have better security, more amenities, and a more central location. They also tend to be more expensive, but this is usually offset by the many other benefits and services that are offered.
An important information that must be noted is that apartments in residential complexes are the most in demand in Istanbul.
Second: Penthouse apartments:
Istanbul is home to penthouses that are among the newest and most luxurious types of real estate ever, as well as some of the oldest and most historic buildings. This juxtaposition cannot be seen anywhere but Istanbul, where mosques and minarets in the old city are located alongside the skyscrapers of the new city.
Penthouses in Istanbul offer unparalleled views, as well as a level of luxury and privacy unmatched in other cities. It is also a great investment, as the real estate market in Istanbul is booming and prices are rising rapidly.
Third: Studio apartments:
Studio apartments are small self-contained units that usually have a kitchenette, bathroom and sleeping space. It is very popular in major cities such as Istanbul.
Studio apartments can be found in both private and public buildings, and many students choose to live in them while studying at university. Although it may be small, it is very convenient and offers everything you need in one small space.
Fourth: Hotel apartments:
Hotel apartments in Istanbul are a great investment opportunity. Many people come to Istanbul for business or leisure and they need a place to stay. In turn, Istanbul contains many hotel apartments available for rent. These hotel apartments are usually located in the city center and within walking distance of many attractions. And do not forget that Istanbul is a very popular tourist destination, so investing in hotel apartments is a great way to earn income from tourism.
Fifth: Commercial real estate:
Istanbul is one of the most populous cities in Turkey, and the prices of commercial real estate have been on the rise in recent years. Despite this, Istanbul remains an attractive option for buyers and investors looking for commercial properties and this has not affected their decision to buy in it, given its large population and growing economy.
The city is home to a number of key businesses and industries, as well as a growing number of start-ups and small businesses. This means that there is a high demand for office space and other commercial property.
The city is also well connected to a number of international airports and a good transportation infrastructure. This makes it easy to get around the city and reach other parts of Turkey and beyond to do business without any obstacles.
The real estate market in Istanbul is full of unique opportunities that can be seized, contact us so that we can tell you what suits you and provide you with advice that will help you choose. The team of Hana Real Estate is always waiting for you to reach the success you are looking for.
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