The search for homes for sale in Istanbul is the goal of many people and real estate investors, as this city has simply been able to be the owner of many privileges and surpass many cities and countries around the world in terms of real estate and investment.
In this article, find out with us some information about the real estate sector in Istanbul.
Table of Contents
- Advantages of searching for homes for sale in Istanbul:
- First: moderate prices:
- Second: The strategic location:
- Third: Real estate diversification is important:
- Fourth: A suitable investment environment:
- Fifthly: the development of public transportation:
- Sixth: The abundance of schools and universities:
- Seventh: The possibility of buying a property in installments:
- Eighth: The possibility of buying a property under construction:
- Types of houses in Istanbul:
Advantages of searching for homes for sale in Istanbul:
There are a wide range of reasons why the Istanbul real estate market is the most famous among other real estate markets around the world, and through the following paragraphs we will talk about it in detail:
First: moderate prices:
One of the most important reasons why many foreign investors are interested in buying a house in Istanbul is the moderate and appropriate prices compared to European countries, as the city is one of the cheapest capitals in Europe. This is normal due to the large population density in Istanbul.
In addition, these prices are very suitable for those who want to buy a second home, as an investment or for vacation purposes.
Second: The strategic location:
Istanbul is also strategically located at the crossroads of Europe and Asia and this makes it an ideal base for companies that want to operate in both markets. In addition, Istanbul has a large and growing population with a relatively small demographic and this provides a large potential client base for companies.
Third: Real estate diversification is important:
Another reason that contributes to the increase in demand for Istanbul real estate is the diversity of options available, as there are many types of housing units such as apartments, villas, penthouses, and even land suitable for construction. This diversity gives buyers more options to choose from according to their needs and budget.
Fourth: A suitable investment environment:
Istanbul has a very high potential for capital gains and in the past five years, prices have doubled and are expected to continue rising rapidly.
There is a great demand for rents, especially from foreign nationals working in Istanbul and the rental returns may be around 5-6% and may be more than that.
Istanbul has a stable political environment, a strong economy and it is also a center for tourism in Turkey.
Fifthly: the development of public transportation:
Istanbul has rapidly developed its public transportation network in recent years, with new metro lines, trams, buses, and even a ferry system, making it easier to move around the city, whether you live here or just visit.
One of the advantages of buying homes in Istanbul is the development of public transportation and this means that you will have an easier time getting around the city, whether you live here or just visiting.
Sixth: The abundance of schools and universities:
One of the advantages of buying homes in Istanbul is that there are many important schools and universities. This is especially important for those who have children who want to get a good education and there are also many hospitals and clinics in Istanbul, which is another advantage for those who want to live in this city.
Seventh: The possibility of buying a property in installments:
One of the advantages of buying homes in Istanbul is the possibility of buying real estate in installments where installment plans are available from most developers and banks, which makes it easier for buyers to buy a property in that city if they do not have the full price to pay once. In addition, many properties in Istanbul are eligible for Turkish Citizenship by Investment Programs, which provide investors with a fast track to obtaining it.
Eighth: The possibility of buying a property under construction:
One of the advantages of buying homes in Istanbul is that you can buy off-plan properties as this can be a great way to get a good deal on a property, as developers are often willing to negotiate the price.
Types of houses in Istanbul:
If you intend to search for homes for sale in Istanbul, you should look at the most important types and options offered by the real estate market in that city so that your choice is correct:
1 - Apartments of residential complexes:
You should know that there are many advantages to living in an apartment complex instead of a regular house or city apartment and some of these advantages include:
- Most apartment complexes have 24/7 security personnel, preventing thieves and other criminals from targeting residents.
- If something breaks in your apartment, you can simply call the community maintenance team and they will come and fix it for you.
- Living in a complex gives you the opportunity to meet new people and make friends, which can be great if you are new to the city or if you are looking to expand your social circle.
- Many of the complexes have amenities like swimming pools, gymnasiums, saunas, etc. that residents can use in their spare time.
2 - Penthouse apartments:
There are many reasons why people choose to buy a penthouse in Istanbul and here are some of the main advantages:
- Penthouses are often located in the most secure and private part of a building, away from the hustle and bustle of city life and this makes them ideal for families or individuals who value their privacy.
- They usually have large windows and balconies that provide stunning views of the cityscape below.
- They are often finished to a very high standard, with fixtures and fittings of the highest standard. This makes it ideal for those who value luxury and want to live in style.
- They tend to be much larger than other types of properties, so they provide plenty of space for families or those who want to entertain guests.
- It usually increases in value at a faster rate than other types of real estate, making it a wise investment for the future.
3 - studio apartments:
There are many advantages to buying studio apartments in Istanbul are that they are usually more affordable than other types of apartments and another advantage is that studio apartments tend to be smaller and more manageable than larger apartments, which makes them ideal for individuals who want to live on their own and in addition In addition, studio apartments often come with fewer furnishings and appliances than larger apartments, saving you money on moving.
For more details about the real estate market in Istanbul, contact our real estate consultant directly to provide you with all the information you need to know and to provide you with a list of the most important offers and options available within its most important residential areas.