The real estate sector in Istanbul is wide. There are many important types of real estate that deserve to be considered as a distinct investment opportunity. What you do not know is that this city has many important ingredients and opportunities that are worth studying.
A lot of information about the real estate aspect in Istanbul that you can see through our next article, which will be talking about all its aspects.
Table of Contents
- The importance of buying real estate in Istanbul:
- Buying Istanbul real estate in installments or in cash?
- Apartments for sale in installments in Istanbul:
- Apartments for sale in cash in Istanbul:
- Ready or under construction real estate in Istanbul?
- Buying old real estate in Istanbul:
- Buying new real estate in Istanbul:
- Buying real estate in Istanbul, Asian or European?
- Finding real estate for sale in Istanbul:
- What is the future of real estate in Istanbul?
- Notes when buying a property in Istanbul:
The importance of buying real estate in Istanbul:
Istanbul is one of the most important cities in Turkey, and it is not only the largest city in the country, but it is also the financial and cultural center. Istanbul is located in two different continents, Europe and Asia. This makes it a very unique city that offers a lot to its residents. There are many reasons why you should consider buying property in Istanbul. Here are some of the most important ones:
-The city has a very strong economy and is constantly growing and this means that your investment will be safe and will grow over time.
-Istanbul is a very cosmopolitan city, which means that you will be able to find people from all over the world living there and this makes it a great place to meet new people and make new friends.
-The city has a lot to offer in terms of culture and entertainment and there are many museums, galleries, theaters, and other cultural institutions in Istanbul and you will never get bored of living in this city.
-Istanbul is a great place for family living as it has excellent schools and medical facilities and in addition, there are many parks and other recreational areas where you can take your children.
Buying Istanbul real estate in installments or in cash?
One of the possible options in front of you when buying real estate in Istanbul is to buy in installments or buy in cash. In fact, it is not possible to determine a clear or explicit answer to this issue, and the reason for this is that it is primarily due to the personal circumstances of the buyer and his financial balance. Below we briefly review the details of each of the two options:
Apartments for sale in installments in Istanbul:
There are many advantages to buying this type of property in installments and one advantage is that you will not have to pay the full price of the property in one go and this means that you will have more money available to use for other purposes, such as investing or saving.
Another advantage of buying real estate in installments is that it will help you spread the cost of the property over time. This can ease your purchasing budget and can help you avoid getting into debt. Finally, when you buy real estate in installments, you will be able to take advantage of any appreciation that occurs in the property value over time and this can help you to make a profit when you finally sell the property.
Apartments for sale in cash in Istanbul:
Many investors resort to buying real estate in Istanbul by paying in cash. Here are the most important advantages of this choice:
-You will be the sole owner of the property.
-There will be no mortgages or debts attached to the property.
-You will have complete control over what you do with the drug.
-You can sell the property at any time without having to worry about bank approval.
-If you ever decide to move in, you can easily rent out the property to generate income.
Ready or under construction real estate in Istanbul?
Also, one of the distinguished options that you will find in Istanbul when buying real estate is the possibility of buying a ready-to-move-in property or choosing a property that is still under construction.
Ready-to-move-in real estate in Istanbul:
The importance of buying a ready-to-move-in apartment in Istanbul is that you can live in your own home right away and you do not need to wait for the construction process to be completed and this is a great advantage, especially if you are moving from another city or country.
Moreover, these apartments are usually located in more central areas compared to the buildings under construction. So, if you want to live close to the city center or other amenities, this is the right choice for you.
Istanbul under construction real estate:
Many people are looking to buy real estate in Istanbul that is still under construction and there are many advantages to doing so, the most important of which are:
-You can choose the exact location you want to live in.
-You can choose the type of property you want to buy.
-You can get a lower price for the property because it is not completed yet.
-The buyer may be able to obtain financing from the developer to assist with the purchase.
-The developer may offer incentives to buy early, such as a discount on the price.
In the context of talking about the types of real estate that exist in Istanbul, there are many options that you will also find, such as real estate overlooking the sea and others overlooking the city. Buying in rural areas and taking advantage of the features that you will find there, and each of those options mentioned we will talk in detail about them through the following paragraphs:
Istanbul real estate with sea view:
The first advantage is that you will have the opportunity to live in a luxurious environment with all the features you are looking for.
In addition, these buildings which are away from the noise and chaos of the city provide you with a healthy living environment.
Another advantage is that you will have a chance to make a good investment because when you buy a property on the sea in Istanbul, you will not waste your money and it will give you high returns in a short time and you can also use this property as collateral to get loans from banks at low interest rates.
In addition, if you want to sell this property in the future, it will be very easy for you to find a buyer who is willing to pay a good price for it.
Real estate in the center of Istanbul:
There is a great demand for this type of housing in Istanbul, so the value of your investment is likely to rise.
-Usually this type of apartment is rented at a higher price than suburban apartments, so you can make a good return on your investment.
-You will have more opportunities to mingle and meet new people if you live in the center of Istanbul.
-There are generally more amenities and things to do downtown, so you'll never get bored!
-If you have a family, your children will have better educational opportunities if you live in the city center.
Real estate in the countryside of Istanbul:
There are many reasons why you should buy real estate in the countryside of Istanbul, the most important of which are:
One of the reasons is that the prices of these properties are much lower than in the city center and this makes them a great investment for people who want to live in Istanbul but do not want to spend a lot of money on their homes and another reason to buy property in the countryside is that there is more space and this means that you will not worry about living in a cramped apartment or being too close to your neighbors.
You will also have access to plenty of greenery and fresh air and if you enjoy spending time outdoors, this is the perfect place for you.
The countryside of Istanbul also has a slower pace of life than the city center so this can be a great way to escape the hustle and bustle of city life and relax. If you want to live in a more relaxed environment, this is definitely the place for you.
Buying old real estate in Istanbul:
The first advantage of buying an old property is that you can find the property you want to buy at a lower price because the prices of these buildings are usually lower than the prices of new ones, so buying an old building will be more beneficial to you in terms of money.
One of the biggest advantages of old properties is that they are mostly located in central locations. If you want to live or work in an easily accessible location and close to public transportation, you should definitely consider buying an old building.
Another advantage of older buildings is that they offer more flexibility in terms of making changes. If you want to make changes to the interior or exterior of the building according to your own taste, you can do it without any problems. However, if you want to make changes in a new building, it may not be possible because the developer has already made all the decisions regarding the design and layout of the building.
Buying new real estate in Istanbul:
There are many reasons to buy new property in Istanbul as the city offers a great quality of life and rich culture. Istanbul is also one of the most affordable European cities, making it a great place to invest in real estate. Here are some of the advantages of buying new property in Istanbul:
-You can get more for your money:
Istanbul real estate prices are very reasonable, especially when compared to other major cities in Europe where you can get great advantages for your money here much more than you can get in London, Paris or Rome.
The city is constantly growing and developing because Istanbul is still relatively new as a European city, it is constantly growing and changing and this makes it an exciting place to live, and an excellent place to invest in real estate.
The value of your property is likely to increase as the city continues to grow and develop.
Buying real estate in Istanbul, Asian or European?
If you are looking to invest in Istanbul real estate, you may be wondering if it is better to buy on the European or Asian side of the city and here is a quick guide to help you decide; as the two sides of Istanbul are completely different, each with its own unique charm, the European side is more modern and cosmopolitan, while the Asian is more traditional and quiet and in general, the prices on the European side are higher than on the Asian side. However, there are some exceptions, so it is always worth doing your research before making a purchase as there is no right or wrong answer when it comes to deciding which side of Istanbul to buy and it really depends on your personal preference and what you are looking for in a property.
Finding real estate for sale in Istanbul:
There is no doubt about the importance of searching for apartments and real estate for sale in Istanbul. This is what you can see through the previous paragraphs that we mentioned above, as it is a city of diversity and modernity, but the question here is what are the best areas to buy and own? In the following paragraphs, we will make sure to talk about the most important areas in both the European and Asian sides of the city.
1 - Basaksehir:
Basaksehir is a developing area in Istanbul that has experienced significant growth in recent years and the municipality continues to invest in infrastructure and there are many new under construction residential projects. If you are thinking of buying real estate in Basaksehir, there are some things that you should keep in mind:
Basaksehir is located on the European side of Istanbul and is well connected to the city center by public transportation. It is also close to Ataturk Airport.
The municipality has invested heavily in infrastructure, including new roads, hospitals and schools.
There are many new residential projects being built in Basaksehir, which provide amenities and modern apartments with city views.
2 - Beylikduzu:
Beylikduzu is also one of the most popular places to buy real estate in Istanbul. If you are thinking of buying a property in Beylikduzu, there are some things you should know. The average price of an apartment in Beylikduzu is about 120 thousand dollars. This price can change depending on the size and location of the apartment. For example, a one-bedroom apartment near the beach will cost more than an apartment that is not close to the beach and the prices also vary depending on whether the apartment is furnished or not.
3 - Bahcesehir:
Bahcesehir is one of the most desirable places to live in Istanbul, thanks to its convenient location, modern infrastructure, and abundance of green spaces. The real estate market in Bahcesehir is thriving, with new developments emerging all the time. If you are thinking of buying a property in that area, this is it. The time to do so is as the prices are still relatively reasonable, and there are many different types of properties available in it. Whether you are looking for a luxury apartment or a more modest home, you will be able to find what suits your needs and budget in Bahcesehir.
4 - Uskudar:
Uskudar is one of the most popular areas for buying property in Istanbul as it is located on the Asian side of the city and offers a great view of the Bosphorus and is also famous for its many parks and green spaces. If you are thinking of buying property in Uskudar, there are some things you should know:
The first is that prices have been rising significantly in recent years, so you'll need to allocate your budget accordingly.
The second is that there are many new developments being built in Uskudar, so you will have a lot of options to choose from. If you are looking for an affordable place to live in Istanbul, Uskudar is a great choice.
There are many new developments being built that offer modern amenities at an affordable price.
5 - Esenyurt:
Esenyurt is a district on the European side of Istanbul, bordered on the west by Avcilar districts, on the south by Beylikduzu, on the east by Basaksehir, and the Marmara Sea as its northern border. The area is popular with Turkish and foreign investors and there are many new construction projects in Esenyurt, ranging from luxury apartments to more affordable options. If you are thinking of buying a property in Istanbul, Esenyurt is definitely worth considering.
6 - Sariyer:
Sariyer is a district on the European side of Istanbul, bordered to the north by the Bosphorus and Sariyer district is one of the most popular districts in Istanbul for real estate investors and home buyers. The area has seen a significant increase in prices in recent years, making it one of the most expensive areas in Istanbul.
7 - Kadikoy:
Kadikoy is one of the most popular areas in Istanbul for real estate, especially for those looking to live close to the city center. Kadikoy has a lot to offer to residents, from vibrant nightlife and dining venues to many parks and green spaces. If you are thinking of buying a property in Kadikoy, here are some things you should know about it:
-The real estate market in Kadikoy is very competitive.
-Apartment prices in Kadikoy can be high, but you can find good deals if you are patient and willing to negotiate.
-There are different types of property available in Kadikoy, from traditional Turkish apartments to modern world-class apartments.
-Kadikoy is a great place to live if you want to be close to the city center but still have access to green spaces and parks.
8 - Taksim:
If you are thinking of buying real estate in Taksim, Istanbul, there are some things you should know:
-The first is that the city is constantly growing and changing, so it is important to keep abreast of the latest news and developments.
-Second, the market can be quite competitive, which is why it is important to have a good real estate agent at your side.
-Finally, due to the city's popularity, prices can be high but there are still deals to be struck if you know where to look.
9 - Sisli:
Sisli is one of the central districts of Istanbul and is the preferred choice for many domestic and foreign buyers. The reasons for this are many: from its central location and excellent transport links to a wide range of property types, Sisli has something to offer for all tastes.
10 - Levent:
If you are looking for a place to buy property in Levent Istanbul, there are some things you should know:
- The first is that the prices here are among the highest in town, so you'll need to be prepared to pay a little more than you would elsewhere.
- The second is that there is a lot of new construction in progress, so you may be able to find a better deal for a newly built home.
- Finally, Levent is home to a number of luxury projects, so if you are looking for something upscale, this is definitely the place to look.
What is the future of real estate in Istanbul?
Istanbul is a city that is constantly evolving. The real estate market in Istanbul has been booming in recent years, and this trend is expected to continue. There are many reasons why investors are interested in the future of real estate in Istanbul. The city has a lot to offer, including a thriving economy, a diverse culture, and a beautiful environment. Istanbul is also growing in popularity among tourists, which helps raise the value of real estate.
The future of real estate in Istanbul looks very bright. As the city attracts more investments, prices are expected to continue to rise. If you are thinking of investing in the Istanbul real estate market, it is time to do so.
Notes when buying a property in Istanbul:
-The first thing you need to do is to contact a good real estate agent who knows the Istanbul market well as you will save a lot of time and effort by doing this.
-Make sure you get pre-approved for a loan from the bank before looking at real estate as this will give you a good idea of your budget.
-Istanbul is a huge city and every neighborhood has its own character. Do your research to find the right area for you.
-Be prepared to negotiate the price of the property. It is common to haggle in Turkey, so don't be afraid to do so.
-Get everything in writing and make sure you understand all the paperwork before you sign anything.
These are the most important details that interest you about the real estate market in Istanbul, and if you want to get the perfect opportunity for you, do not hesitate to contact our real estate consultant to provide you with all the available and appropriate options.