The real estate market in Istanbul means many privileges and unlimited options suitable for everyone, and Istanbul real estate has recently gained a lot of fame and distinction, especially after the urban revolution in which it was known.
In this article, we put in your hands a lot of information that interests you about the real estate market in that city, where we will make sure to answer your various questions.
How to buy real estate in Istanbul?
Certainly, this is one of the first questions that will come to your mind. What is the ideal way for me to buy a property in Istanbul, do I pay the price of the property in cash and once? Or do I look for properties that are still under construction and wait for a long time to be completed? Or buy a ready-to-move-in property? It may seem confusing, but through the following paragraphs, we will give you the details of each one separately.
Real estate for sale in Istanbul in installments:
Real estate for sale in Istanbul in installments has many advantages for buyers. Because installment sales make it easier for buyers to buy their dream home. The advantages of this choice are:
-You can own your dream home by paying installments without having to pay in one go. This way, you can live in the home that is right for you without any financial burden.
-Banks usually grant loans more easily to those who buy real estate on an installment basis than to those who want to buy with cash. You can buy sooner rather than waiting for you to save the full purchase price.
Real estate for sale in Istanbul under construction:
If you are looking for a property in Istanbul, you may want to consider buying a property that is still under construction. Here are some of the benefits of doing so:
-You can often get a better price on a property that is under construction than one that has already been completed. This is because builders are often more willing to negotiate a price when the property is not yet finished.
-You can choose the exact apartment or location you want and this may not be possible with completed buildings.
-You can often get financing from the originator to help with the purchase price. This can be especially useful if you cannot get a mortgage from a bank.
-You may be able to get additional discounts if you are willing to wait for the project to be completed. This is an attractive option if you are not in a hurry to move into your new home.
Ready-made properties for sale in Istanbul:
Many people are looking for a new home and do not want to wait for construction to be completed. In this case, they can choose from many properties for sale in Istanbul that are ready to move in. However, what are the advantages of this choice?
The most important advantage is that you will save a lot of time. When you buy a new home, you need to wait for construction to be completed and this can take months or even years. But, if you choose a property that has already been built, you can move in right away.
Another advantage is that you will know exactly what you are getting. With a new home, there is always the possibility that something goes wrong during construction or that the end product will not be what you expected.
Where to look for apartments for sale in Istanbul?
Did you know that Istanbul spans two continents at the same time (the European continent and the Asian continent) and this makes the options available to you many, but first of all, you must learn about the most important areas and some of their features and details related to them and to you through the following paragraphs:
Apartments in European Istanbul for sale:
If you are looking for a place to buy an apartment in Istanbul, you will want to consider the advantages of every aspect of the city. The European side is more developed, better infrastructure and more facilities.
When you buy an apartment in Bahcesehir, you are investing in one of the most beautiful and modern cities in the world. The area has a lot to offer its residents, including some of the best shopping, dining and entertainment options around.
In addition, the city is home to some of the most prestigious universities in Turkey, making it a great place to live for those who wish to pursue their studies.
Finally, the cost of living in Bahcesehir is relatively low compared to other major metropolitan areas in Istanbul and elsewhere.
Esenyurt enjoys a central location within Istanbul. It is bordered on the west by Kucukcekmece, on the east by Beylikduzu, on the north by Buyukcekmece and on the south by Avcilar. The region has good transportation links with other parts of Istanbul thanks to its proximity to highways such as TEM and E-5 as well as public transportation services such as buses.
Beylikduzu has become one of the most important investment centers in Istanbul in recent years. Due to its proximity to the Marmara Sea, its beaches, advanced infrastructure and social facilities, Beylikduzu has been able to attract the attention of local and foreign investors.
Basaksehir was established as a district in 2008 from parts of Eyup and Kucukcekmece. The name "Basaksehir" means "city center" or "the capital", and refers to its location as the new center of Istanbul. The district is home to many public institutions such as Basaksehir Municipality, Basaksehir Police Department, and Basaksehir Court.
Buyukcekmece is a coastal area and one of the most important tourist centers in Istanbul. It has many features that make it attractive to buyers.
The first is its location. Buyukcekmece is located on the European side of Istanbul and is very close to the city center. It only takes about 30 minutes to get to the city center by car. And another advantage of Buyukcekmece is that it has a lot of greenery.
In fact, nearly half of the area is covered with parks and gardens. This makes it a great place to live for people who want to be close to nature. Buyukcekmece also has a lot of history.
The area was once an important trading center for the Byzantine Empire. As a result, there are many historical sites in the area, including the remains of an ancient aqueduct.
Finally, Buyukcekmece is a very safe place to live.
Apartments for sale in Asian Istanbul:
There are many reasons why you should consider buying an apartment in Asian Istanbul. The city is home to a large number of companies, so there is a good chance that you will be able to find work. Also, the cost of living is relatively low, and the city has a wide range of apartments available for purchase. Here are the most important and popular areas in which they are located:
One of the advantages of buying an apartment in Beykoz Istanbul is that you will be able to get a good return on investment, as the apartments are close to the city center and many amenities you need are close by. With an abundance of transportation which is also very good.
Uskudar is located on the Asian side of Istanbul, only a 20-minute ferry ride from the European side. It is also well connected by public transportation. The prices of apartments in Uskudar are relatively lower than in other areas of Istanbul, which makes it an affordable option for buyers.
The construction quality in Uskudar is generally good, with many new developments being built to a high standard. The area has a more relaxed and calm atmosphere than other areas of Istanbul, which makes it a great place to live for those who want to escape the hustle and bustle of the city center.
Kartal district is located on the Asian side of Istanbul and is one of the most popular places to live in the city. It is a modern area with many new projects and its population is growing significantly as a result.
There are many advantages to buying an apartment in Kartal. The first is that the area has excellent connections to the city center and the airport, and there are plenty of shops, restaurants and cafes in the area. There are also many good schools in Kartal, which makes it a great place to raise a family.
Apartment prices in Maltepe are relatively low compared to other areas of Istanbul. There is a wide range of properties available in Maltepe, from studios to large family apartments. Maltepe is well connected to the rest of Istanbul by public transportation, with its own metro station and bus lines. The area has a number of parks and green spaces, as well as a beach, which makes it a great place to live for families.
The most famous types of real estate in Istanbul:
It cannot be overlooked that in Istanbul, you will find many different types of real estate that suit most tastes and budgets, the most important of which are apartments, as Istanbul apartments are becoming increasingly popular and people are looking for alternatives to traditional hotel accommodation.
The apartments offer all the comforts of home with the added benefits of housekeeping and 24-hour security. Istanbul apartments such as apartment complexes, penthouses, triplexes, duplexes and studios are available for long or short term rental. Prices start at 500$ per month for a studio apartment.
For those looking for something a little more luxurious, there are also a number of penthouses in Istanbul that are complete with their own swimming pools, saunas, and gym.
Istanbul is one of the most important tourist and investment cities not only in Turkey but also in the world, as it is a vital link between Europe and Asia, which made it one of the most important commercial centers and this showed its impact on the real estate market there, as the prices of apartments and real estate units rose as a result of the increasing demand for them.
Real estate prices in Istanbul:
The real estate market in Istanbul has witnessed a boom in recent years, and prices have risen dramatically. However, there are concerns that the market may be booming and that prices may drop in the future. The most important factor to consider when considering future property prices in Istanbul is the city's population growth.
The city's population is expected to grow significantly in the coming years, which will increase the demand for real estate and put upward pressure on prices. Another important factor is the economy. If the Turkish economy continues to grow at a strong pace, this will also be supported by higher prices.
What affects real estate prices in Istanbul?
The real estate market in Istanbul is one of the most complex in the world. There are many factors that affect prices, from local and national economic conditions to global trends. Here are some of the most important factors affecting real estate prices in Istanbul:
- Turkish Lira:
One of the most important factors affecting prices is the value of the Turkish Lira against other major currencies. When the lira is strong, property prices tend to rise as overseas buyers are able to get more for their money.
However, when the lira weakens, prices usually fall as buyers become less willing to invest in Turkish real estate.
Another major factor affecting prices is the general economic health of Turkey. When the economy is good, there is usually more demand for real estate which leads to higher prices.
However, during periods of economic uncertainty or recession, the demand for real estate decreases and prices fall as a result.
As Istanbul is a global city, trends in other major markets can have an impact on its real estate market. The real estate market in Istanbul opens its doors to different nationalities, desires, budgets, and the opportunity is available to you now in order to seize it in obtaining the right real estate opportunity for you and to achieve your goals.