Istanbul is the region where homes are the most sold in Turkey, and it makes up nearly 22 percent of the total annual home sales in the whole country.
Buying real estate in Istanbul
Istanbul is the first choice for local and foreign investors, and it is the center of major real estate projects and the real estate market here in
Investors should not only rely on square meter prices to purchase real estate, but they should also consider developing and growing the area for investment in the short term.
Investment housing sales continue quickly in Istanbul and the Marmara region.
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Where should you buy a home for investment in Istanbul?
In real estate investments, the areas that attract investors a lot in terms of apartments for sale in Istanbul are Eyup and Goktürk.
Because of the Istanbul Canal project, which construction will start soon; prices for housing, land and commercial real estate in Basaksehir, Kucukcekmece, Esenyurt, Beylikduzu, Avcilar and Arnavutkoy are expected to increase significantly soon.
The increase in the population rate in the area, and the possibility of receiving immigration in recent years is another feature that must be taken into account when purchasing homes for sale from the owner.
In particular, the investments to be planned on the Istanbul Canal and European coastal routes are the types of investments that are expected to increase in price by more than 25 percent per square meter.
As is the case around the world, “stay-at-home” calls continue in Turkey as well, and in normal life there are drastic changes due to the virus.
Since the beginning of the pandemic, many people and organizations have switched to the home office work style.
Changes in working life are also reflected in private life, and we now prefer lower density residences, porches and gardens rather than central locations close to transportation.v
Areas of purchase in Istanbul
Buying real estate in Istanbul with the intention of investing it is better to go to places such as:
- and Kartal.
These areas are very popular among families looking for a separate or low rise lifestyle with gardens and open spaces.
In order to achieve the correct real estate investment, many different dynamics must be taken into account, in addition to mega projects, when projects such as shopping centers, schools and hotels are carefully analyzed, they will provide opportunities for profit in residential investment.
What are the things that home buyers need to know to invest in Istanbul?
Real estate investment is one of the best types of investment and it is guaranteed compared to all other types of investments, especially in Turkey, thanks to the facilities and incentives provided by the Turkish government to those who wish to invest in real estate from citizens and foreigners, making the real estate market a first destination for those wishing to invest in a guaranteed and effective real estate.
Istanbul has always been the first destination and the first choice for investment in Turkey, because it is a destination for tourists and a city full of movement and life.
It is necessary to check the deed of the house and find out whether it is a property with a single floor or more, and it is important that the land planned for purchase is located in an earthquake-safe area or where the water basin is available.
As well as focusing on knowing the difference between gross and net square meters, paying attention to social facilities, and infrastructure and knowing these differences.
It is good for you to turn to an investment specialist or one of the real estate investment companies, who have full experience that will save you from falling into any unexpected future problems.
The most important tips when buying an apartment in Istanbul
- Building Characteristics: The age and location of the building play an important role in choosing the right property or apartment, and it is one of the main things you should pay attention to.
- Selection of a place under development: Real estate in an area under development gain value in a short period of time, and are increasingly priced as time progresses and demand increases.
- Avoid crowded areas: Since busy central areas are very expensive, if you want a property with better features and a lower price, then move away a little.