What is the benefit of investing in commercial real estate in Istanbul, in your opinion? Will you make profitable profits worth entering it? In fact, commercial real estate is one of the most important types of real estate that exists in that city. In this article, some details related to it will be highlighted.
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Advantages of investing in commercial real estate in Istanbul
In fact, there are many important reasons that encourage capital owners to invest in commercial real estate in Istanbul, including:
- Istanbul is a city on the rise with a fast growing economy.
- Commercial real estate in Istanbul is still relatively affordable compared to other major cities.
- The city offers a great quality of life, with plenty of amenities and things to do.
- The city has an excellent transportation infrastructure, which makes it easy to get around.
- The city is closely connected to an international airport and seaport.
- Istanbul has a large population and a growing tourism industry.
- Istanbul is home to many large companies and organizations, which creates a huge demand for office space and other types of commercial real estate.
These are the most important motives that encourage foreigners to invest in commercial real estate in Istanbul, but at the same time this does not negate the possibility that there are many negative aspects that must be taken into account, for example, commercial real estate is more expensive than residential, and this may not be suitable for everyone, as well as It remains free of tenants for long periods, and this is in light of economic or other crises, and as a result of its high price, it may be difficult to sell it when you want to.
Tips when buying a commercial property in Istanbul
You cannot reach the right choice without having complete and distinguished access to the most prominent advice that was provided by specialists and experts, including:
- Make sure you understand the local market and know what type of property is right for your business.
- They will have access to the best properties and can help negotiate the best rates.
- Remember that commercial real estate is an important investment, so don't expect to find the perfect property at an unbeatable price.
- Good real estate in Istanbul tends to move quickly, so be ready to make an offer as soon as you find something you like.
- The process of buying commercial real estate can take some time, so be prepared for a long journey before you find the perfect property.
Is buying commercial real estate a good idea?
It is important to see the future of real estate in Istanbul, whether it is commercial or otherwise, so that in return you have knowledge of what you will get:
1 - Istanbul, the commercial capital, is a major hub for business from all over the world. The city has seen an enormous amount of growth in recent years, and this trend is expected to continue in the future.
2 - The real estate market is booming, prices are rising rapidly and demand for commercial real estate is increasing. There are a number of reasons why Istanbul is an attractive destination for business.
3 - It has a large and growing population and the city is home to more than 15 million people, and this number is expected to increase in the coming years. This provides a large potential customer base for companies.
4 - It is a major transportation hub. The city is served by two international airports, and it has a well-developed railway, road, and sea transportation infrastructure that makes it easy to transport goods and services to and from the city.
5 - The city is home to many multinational companies, and its economy is growing rapidly and this makes it an attractive destination for companies looking to expand their operations into new markets.
All of these reasons are sufficient to make it an ideal place for investing in real estate, as it is no less important than the world's most developed cities in Europe, America, and others.
At first glance, you may think that their prices are very high, and this is a hindrance, but in reality they are cheaper than others in several stages. It should be noted that if you do not have enough money to pay in full in cash, you can look for one of the many installment offers that construction companies usually offer to attract the largest possible number. from buyers.
Shops for sale in Taksim..their advantages
Taksim is the most central location in Istanbul as all public transportation routes (metro, buses, taxis and funiculars) pass through Taksim Square making it easy to reach from anywhere in the city and this is especially important for companies as it makes it easier for clients and employees to reach the office.
Taksim is also one of the most popular tourist areas in it and this means that there will always be people around and your store will be highly visible.
Taksim is currently undergoing a major redevelopment project that will make it more central and modern. This means that now is a good time to buy property in Taksim as prices are still reasonable and will only go up as the area develops.
The importance of searching for shops for sale in Fatih
The advantages of buying shops in Fatih are many. Firstly, the prices of these properties are relatively low compared to other areas in Istanbul. Secondly, the location is excellent. Fatih is centrally located and has good access to public transportation. Thirdly, there are many new developments happening in the Fatih area, so there are Possibility of high prices. Finally, it is a traditional Turkish neighborhood that has its own character that distinguishes it from others, which makes it an important tourist destination.
In the end, we must tell you that this time is the best option to search for commercial real estate in Istanbul to buy for investment or for housing, as prices are still stable, but they are on a date with a noticeable rise in the coming period.
You can contact our consultants at Level Real Estate Company to provide you with the most important offers and options available that are suitable for you and your goals, as we are pleased to be with you in the investment in that city and we are pleased to offer you a lot of our experience in the real estate market in Turkey.