Search for earthquake-resistant apartments for sale in Istanbul and take advantage of its investment advantages, location, and moderate prices, and guarantee that your capital will be constantly increasing because it is the best option, especially in light of the recent earthquake that hit Turkey, it has become very desirable.
In this article, the editorial team at Zoom Real Estate Company will highlight some of the most important details and information related to it, we wish you an enjoyable reading.
What is meant by earthquake-resistant apartments for sale in Istanbul?
The concept of earthquake-resistant apartments in Istanbul is one of the most important factors that must be considered when buying real estate as these apartments are designed to withstand the risks resulting from earthquakes and earthquakes in order to protect the lives and property of the apartment residents as these apartments are characterized by a high level of resistance to earthquakes, thanks to effective engineering designs that ensure that they withstand dangerous natural factors and in addition, it applies specially designed structural systems to improve building durability and withstand earthquakes and therefore, buying it in Istanbul is an excellent choice to live in safety and peace of mind.
Standards for earthquake-resistant buildings in Istanbul:
It is considered one of the very important matters that the Turkish government attaches great importance to, and this is due to the fact that the region is one of the most vulnerable to earthquakes as during the past years, the city witnessed a large number of earthquakes that struck different areas of it.
In terms of its design and operating requirements, it conforms to international standards suitable for the manufacture of earthquake-resistant buildings where special emphasis is placed on taking into account the research and studies conducted on the soil used in construction, and the use of building materials with high standards and the ability to help buildings withstand and endure, and this makes owning real estate in Turkey a very attractive matter, especially after the recent earthquake disaster that the country faced and work on developing earthquake-resistant buildings.
Where are you looking for earthquake-resistant apartments for sale in Istanbul?
Istanbul, as one of the best cities in Turkey for real estate investment, ranks high in the apartment sector as the best areas where apartments and real estate can be purchased include: Basaksehir as one of the luxurious European areas, and Kadikoy, which enjoys a calm and peaceful nature, in addition to Büyükçekmece and Beylikduzu, which provide many different real estate projects, and Istanbul also includes many high-end places that deserve attention and therefore, investing in apartments and real estate in these areas is a good opportunity to obtain high returns and the possibility of increasing the value of real estate in the long term.
What is the earthquake insurance policy?
An earthquake insurance policy in Turkey is defined as an agreement between the owner and the insurance company to protect the property against potential risks as this insurance is mandatory to protect homes and buildings from being partially or completely damaged by earthquakes, and this comes after the obligation imposed by the Turkish state on real estate owners to insure earthquakes as the value of the earthquake insurance policy varies according to the area, age and location of the building, but its value is simple, as it does not exceed 50 US dollars.
Some papers must be provided to obtain earthquake insurance in Turkey, including a copy of the title deed, the identity or passport copy of the property owner, and his bank account number as the insurance covers the owner's reasonable and obligatory expenses to reduce losses and to obtain appropriate compensation for the owner in the event of natural accidents
What compensation does earthquake insurance provide?
The total insurance sets the maximum coverage and includes the buildings insured as the insurance pool bears the costs and settles the damages with the property owner, and may be compensated for whatever he lost and in general, the insurance policy against natural disasters in general and earthquakes in particular helps to compensate and reduce the costs of repair and restoration.
What is not compensated by earthquake insurance?
There are some damages that are not covered by earthquake insurance on real estate in Turkey, as the insured is not compensated in the event of damages that have already occurred before the document is issued and in addition, the damages that result from illegal construction works or that are related to construction companies that did not fully move to avoid the exposure of real estate to earthquakes, will not be compensated by the insurance companies and besides, damages that result from war, strikes or revolutions will not be compensated and individuals should pay attention to these matters and make sure to know the terms and conditions of earthquake insurance before concluding the contract.
Will Istanbul real estate be affected by the recent earthquake?
The real estate market in Istanbul is facing a major challenge after the recent earthquake that struck Turkey, as real estate in the region is expected to be greatly affected and it is important for real estate investors and owners to ensure that they check the durability of the foundations and columns before purchasing the property as the real estate sector in Istanbul and across Turkey should consider making updates to buildings and building code, ensuring they meet stringent earthquake-related standards, to minimize damage and loss of human and financial life in similar events in the future.
Is the time right for real estate investment in Istanbul?
Real estate investment in Istanbul is one of the best options currently, according to real estate investment experts and Turkish real estate market data, and the spring season is a good time to buy real estate in Turkey however, this does not mean that the winter season should be ignored, as the right time to buy depends on several factors, such as demand and supply, real estate prices, and others.
Moreover, investors should take care of the appropriate place to invest and look for ready made apartments in specific strategic locations, such as the most vibrant cities that witness an increase in demand for real estate and in general, the current period is considered one of the best times for real estate investment in Istanbul, and it can be used to achieve profitable returns.
You can ask the team of consultants in our company for all offers of apartments for sale that are resistant to earthquakes in Istanbul and take advantage of the investment advantages that that city is known for, taking advantage of the low prices before achieving a significant increase in the coming period due to the high demand for them from inside and outside Turkey.
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