The real estate market in Istanbul is one of the most distinguished real estate markets in the world and contains unique opportunities, and this is the result of all its many components.
If you want to see the contents of the real estate market in Istanbul, do not hesitate to follow with us this article prepared by the editorial team at ZOOM Real Estate to answer your inquiries.
How to buy real estate in Istanbul?
It is a natural question to be issued by people or investors. This is their first experience in the Turkish real estate sector. In a city the size of Istanbul, diversity is an essential feature in it, and through the following paragraphs, here are the most important ones:
Buying under construction property in Istanbul:
Istanbul is a city with a booming real estate market, and there are many new construction projects underway. If you are thinking of buying a property in Istanbul, here are some things to keep in mind.
- Location is Key as with any real estate purchase, location is important when buying an under construction property in Istanbul. You'll want to think about the neighborhood carefully and make sure it's a neighborhood that works for you.
- Research the construction company before signing anything, and make sure you do your homework by asking and researching about the company, looking at their past projects and seeing if they have a good reputation.
- Getting pre-approved for a loan If you plan to finance your purchase, it's a good idea to get pre-approved for a loan before making an offer on a property.
Buying ready-to-move-in real estate in Istanbul:
There are many reasons why you might want to buy a ready-to-move-in home rather than a property that still needs some work.
It could be much less of a hassle. You don't have to deal with builders or contractors, and you can start enjoying your new home right away.
- Moving-ready homes are often easier to finance, as banks are more likely to provide loans for properties that have already been completed. And if you are looking for an investment property, a move-in ready home can start generating rental income much sooner.
Buying real estate in installments in Istanbul:
The option to purchase in installments has spread in recent years, as it allows the buyer to spread the property payments over a period of time, and therefore does not need to pay the entire amount in one go.
The buyer can spread the total price of the property over a period of time that may extend to several years. This makes it easier for him to pay without putting pressure on his monthly budget.
- In installment purchase, the buyer does not need to pay a large down payment as required for cash purchases. This is an important advantage for buyers who do not have a large amount of savings.
- In general, real estate prices in Istanbul are increasing, so when you buy in installments, you are almost sure that the value of your property will rise during the period between signing the contract and acquiring your property. This means that you will make a profit on your investment even before you move into your new home.
The right sites to buy a property in Istanbul:
Surely you know that Istanbul spans two continents at the same time, which means that you will be confused, which places are the best for achieving your goal?
Buying real estate in the center of Istanbul:
There are many reasons to buy real estate in the center of Istanbul. It is one of the most populous cities in the world and is growing rapidly. The economy is booming and there is a lot of construction. This makes Istanbul a great place to invest in real estate.
The city center is also home to many historical sites, making it a popular tourist destination. This means that there is always a demand for rental properties in the city center.
Among the advantages of buying real estate in the center of Istanbul are:
- There is a lot of construction work going on, which makes Istanbul a great place to invest in real estate.
- The city center is home to many historical sites, making it a popular tourist destination.
- There is always a demand for rental properties in the city center.
Advantages of buying a property by the sea in Istanbul:
- One of the main advantages is that you will have access to some of the best beaches in the world. The city of Istanbul is located on the Bosphorus Strait that separates Europe and Asia. This gives Istanbul a unique location that allows for stunning views of the two continents.
- Another advantage of buying property in Istanbul by the sea is that you will be able to enjoy a more relaxed lifestyle. The city is full of culture and history, but it also has a more relaxed pace than many other cities in Europe. This makes it an ideal place to live if you want to enjoy the finer things in life without having to deal with the hustle and bustle of the big city.
- If you are looking for an investment property, buying property in Istanbul by the sea can also be a great option. The city has experienced rapid economic growth in recent years, and this is likely to continue. Thus, this means that property values are likely to continue to rise, giving you the potential to make a good return on your investment.
Buying a property in Istanbul in the suburbs:
There are many different areas to choose from when it comes to buying real estate. While the city center may be the most popular option for those looking to buy an apartment or house, there are also many advantages to choosing a suburb or remote area instead. For example, suburban and outlying areas tend to be much cheaper than downtown locations. This is due to a number of factors, including lower demand and reduced competition among buyers. In addition, these areas often have more land available, which means that builders can build larger properties such as detached homes and villas.
Another advantage of buying in a remote area is that you may have more privacy and peace of mind. If you choose an apartment in the city center, you will likely live close to your neighbors and have a little privacy. However, if you buy property in a suburb or a remote area, you will likely have more space between you and your neighbors and will generally have more privacy.
Types of real estate in Istanbul:
When we talk about the types of real estate in Istanbul, we refer to two main sections of real estate, which are commercial and residential, and in turn, each of them has many types that you can see through the following paragraphs:
Residential real estate:
If you take a look at the reality of the real estate market in Istanbul, you will find many types of residential real estate, which is a great opportunity for investment and to obtain a large profit based on the high population density in the city, but before you choose the right real estate category for you, you should look at it at a glance and some of its features and the details that related to it.
1 - Apartment in a residential complex:
Buying an apartment in a residential complex can have many advantages, the most important of which are:
- First, you will live in a safe environment. Complexes are often closed and have security guards on duty 24/7.
- Another advantage is that you will have access to amenities that you might not have otherwise, such as gym, swimming pool, sauna, etc. And if you have children, they will be able to make friends and play in a safe environment. Of course, there are also some drawbacks to consider like the monthly fee can be quite high. Second, you may not have the privacy you would if you lived in your apartment or house.
2 - Standard independent apartment:
There are many advantages to buying an ordinary apartment in Istanbul. One such advantage is that you will be close to all the amenities that the city has to offer. Another advantage is that you will be able to find an apartment in Istanbul that fits your budget.
3 - Penthouses:
Penthouses in Istanbul are a great investment opportunity because they offer stunning views of the city skyline and the Bosphorus. Most of them are located in central areas such as Beyoglu, Sisli and Ortakoy, which are popular with tourists and offer a wide range of amenities.
Penthouses also offer a higher standard of living, with many featuring private pools, saunas and gyms.
4 - Duplex apartments:
The main advantage of buying a duplex in Istanbul is that you can make rental income from the property. This can help offset mortgage payments, property taxes, and other property costs. Another advantage of owning a duplex is that you can live in one unit and rent out the other. It can also be a great way to reduce your living expenses while still enjoying the benefits of home ownership. Finally, duplexes tend to be more valuable (price) than single family homes. This means that your investment will grow over time, providing you with a strong return on your investment.
5 - Triplex apartments:
Triple apartments are a great option for those looking for more space and privacy. It offers many advantages over other types of apartments, including:
- More privacy and security: triplex apartments are often located in gated communities or secure buildings. This can give you peace of mind knowing that your family will stay safe at home at all times.
- More space: With three floors, the three floors offer more living space than other types of apartments. This is perfect for families or anyone who needs extra space to distribute.
- Better Views: Many triplexes have balconies or terraces with stunning views. If you choose wisely, you may wake up to a view of the city skyline or the Bosphorus every morning.
6 - studio apartments:
Studio apartments are usually smaller and more affordable than other types of apartments. It can be a great choice for people who want to live in this city but don't need a lot of space. It has many different neighborhoods, so there are plenty of studio apartments to choose from.
Benefits of living in a studio include:
- Prices are more reasonable than the larger apartments.
- They are usually located in the central areas.
- Great for people who don't need a lot of space.
7 - townhouse apartments:
They offer more space than apartments and are often better built and located in nicer neighbourhoods. They also offer more privacy and security than apartments, making them ideal for families. Because they are usually part of a gated community, townhouses often have great amenities such as swimming pools, gyms, and playgrounds.
8 - Twin House Apartments:
There are many reasons why buying twin homes in Istanbul is a great choice. Here are some of the most important ones:
- You get more space for your money. Since you are buying two homes, you will get more space than if you were to buy a single family home.
- Renting out one of the two homes can help you cover the mortgage and other expenses associated with owning two homes.
- You can live in one house and use the other as an investment property. It can also give you the opportunity to generate income from rent payments or sell the property for a profit in the future.
9 - The old apartments:
There are many reasons why you should consider buying an old apartment in Istanbul. The city has a rich history and culture, and its architecture is considered one of the most beautiful in the world. Old apartments in Istanbul also tend to be more affordable than new apartments, and often have a more premium feel. There are some things to keep in mind when buying an old apartment in Istanbul.
- First, make sure you do a thorough check before making an offer.
- Second, be prepared to make some repairs and updates; Old apartments often need work. But if you are willing to put in the effort, buying an old apartment in Istanbul can be a great decision.
10 - Buying villas in Istanbul:
There are many advantages to buying villas in Istanbul. One of the biggest advantages is that you will be able to get a high value for your money compared to other major cities around the world. Istanbul is still relatively undiscovered by foreigners, which means that prices are still relatively low.
Another advantage of buying villas in Istanbul is that you will be able to find a property that suits your needs and budget. There are many different types of villas, ranging from small to large mansions. You will also be able to find properties in different parts of the city according to your desires.
If you are looking for an investment property, buying villas in Istanbul is a great option. Because the city is constantly growing and developing, which means that there is always a huge demand for real estate. This high demand leads to higher prices over time, so you can expect to see a good return on your investment if you buy a villa in Istanbul.
Commercial real estate:
It cannot be overlooked that Istanbul is one of the most important cities in the world for investment in the field of trade. What helps the success of this project is that it is characterized by its touristic character on the one hand and on the other hand being the economic capital of the Turkish state.
As one of the most populous cities in Europe, Istanbul is an important commercial center. The city is home to a large number of small and large businesses. Despite the current economic situation, there is still a lot of interest in investing in commercial real estate in Istanbul.
The city offers a lot of potential for local and foreign investors. There are many reasons to invest in commercial real estate in Istanbul. It has a growing population and a young workforce. In addition, the city is becoming increasingly cosmopolitan and is attractive to businesses. Istanbul also has a lot to offer investors in terms of infrastructure. The city has two major airports, a modern metro system, and a growing network of highways and roads. In addition, the government is investing heavily in improving the city's infrastructure.
Tourist real estate:
No wonder it is now one of the most popular tourist destinations in the world. Whereas, investing in tourist property in Istanbul can be a great way to earn money. The city has a lot to offer to tourists, and there is a growing demand for accommodation. There are many different types of tourist properties in Istanbul, from apartments and villas to hotels. You can find properties to suit any budget, and there are plenty of opportunities for investment.
Industrial real estate:
Investing in industrial real estate in Istanbul can be a great way to earn money and grow your financial portfolio. The city is home to many large companies that need storage space for their products. These companies are always on the lookout for new and better industrial spaces, which provide investors with an opportunity to earn money by buying and selling industrial properties.
The most important areas of Istanbul to buy real estate:
After the previous information that we provided about the real estate market in Istanbul, it has become necessary to look at some of the areas in the two sections of the city and their most prominent advantages to choose the best for you and suitable for your goals, and this is what we will talk about through the following paragraphs:
Bahcesehir area:
Bahcesehir district is one of the most beautiful and modern districts of Istanbul. It is a constantly growing and developing region, with new construction and projects being built all the time. This makes it a great place to buy real estate, as there is always something new and exciting going on.
Among the advantages of buying real estate in Bahcesehir are:
- The area is constantly growing and developing, so there is always something new to see and do.
- It is a very modern area with all modern amenities and facilities.
- There is a wide range of property types available, from apartments to villas.
- Real estate prices in Bahcesehir are very reasonable, especially when compared to other parts of Istanbul.
Sariyer District:
Sariyer is one of the most popular areas of Istanbul for real estate investors. It is strategically located on the European side of Istanbul, north of the city center. It offers a great mix of city and suburban living, with plenty of green spaces, yet still close to all the amenities that Istanbul has to offer.
Here are some of the advantages of investing in real estate in Sariyer:
- Location: As mentioned, Sariyer is located on the European side of Istanbul, just north of the city center. This makes it a great choice for those who want to be close to all the vital centers.
- Green spaces: One of the best things about Sariyer is the abundance of green spaces. There are plenty of parks and gardens to enjoy, making it a great place for families or just an escape from the hustle and bustle of city life.
- Real estate prices: Another advantage of investing in Sariyer is that real estate prices are relatively reasonable compared to other parts of Istanbul.
Basaksehir area:
- Basaksehir district of Istanbul is one of the most desirable places to live in the city. It is a modern, safe and clean area with excellent transport links and many green spaces. There are also many good schools in the area.
- Basaksehir district is a great place to buy real estate in Istanbul. Prices are relatively low compared to other parts of the city, and there is a wide range of properties available, from apartments to villas. There are also many new projects being built in the area, so you should be able to find something that meets your needs and budget.
Uskudar District:
Uskudar is one of the most important districts of Istanbul. It has a very central location with many important transportation options. It is one of the oldest inhabited areas of Istanbul, has a long history and owns many beautiful old buildings. The Bosphorus also passes through Uskudar, giving it some of the most beautiful views of the city. There are also many green spaces and parks in Uskudar, which makes it a very pleasant place to live.
Kucukcekmece District:
The Kucukcekmece district of Istanbul is a great place to buy real estate for a number of reasons:
- Firstly, the area is located on the European side of Istanbul, which makes it convenient for those who need to commute to the city center for business or leisure.
- Secondly, the area offers a variety of real estate options, from apartments and condominiums to villas and townhouses and this means that there is something for everyone in Kucukcekmece.
- Third, the area is well connected by public transportation, with many bus lines and metro stations serving the area. This makes it easy to get around without a car.
- Fourth, Küçükçekmece is home to many parks and green spaces, which are ideal for picnics, picnics and other outdoor activities.
- Finally, the area has a number of shopping centers, restaurants, cafes, and other businesses.
Kartal District:
Kartal is one of the most important centers of Istanbul in terms of real estate investment. It is located on the Asian side of Istanbul and is one of the most central districts. Its coast is about 12 kilometers long, and it also has a very large area of land.
Declared a metropolitan municipality in 2008, it continues to grow rapidly and today has a population of about one million. Kartal real estate prices have risen significantly in recent years due to its central location and infrastructure development. For these reasons, many investors are interested in the real estate market in that region.
If you are considering investing in Kartal, here are some advantages that may help you make your decision:
- Excellent location: Kartal is only 20 minutes away from Ataturk Airport and 30 minutes from Sabiha Gokcen Airport. In addition, it takes only 10 minutes to reach the Bosphorus Bridge from Kartal by car.
- Infrastructure development: The municipality continues to invest in transportation, education and health infrastructure in Kartal.
Esenyurt District:
Esenyurt is one of the most famous places to buy real estate in Istanbul. It is a modern and rapidly developing area on the European side of the city. The area has excellent transport links to the city center and the two airports of Istanbul.
It is also close to major highways. The area has a large number of shopping centers, hospitals, schools and universities. It is an attractive place to live for families and young professionals. And apartment prices are relatively low compared to other areas of Istanbul.
Beylikduzu area:
Beylikduzu is one of the most important investment centers in Istanbul. It is a rapidly developing region on the European side of Istanbul. The area has become one of the most preferred places to live in recent years with its social and physical infrastructure.
There are many reasons why you should buy real estate in Beylikduzu:
- Location: Beylikduzu is close to the Marmara Sea and it only takes 30 minutes to reach the city center by public transportation. The region has good transport links to other parts of Istanbul.
- Infrastructure: Beylikduzu has all the social and physical infrastructure that you need for a comfortable life like hospitals, schools, parks, shopping malls, etc.
- Real Estate Prices: Real estate prices in Beylikduzu are much lower than in other areas of Istanbul such as Sisli or Besiktas. You can easily find apartments for sale in Beylikduzu within your budget.
- Potential rental income: the demand for rental properties.
Bagcilar District:
Bagcilar is a famous and well-known district of Istanbul. It is one of the most densely populated areas of the city with a population of over 1.3 million. The area has many social and cultural amenities, including parks, shopping malls, restaurants and cafes.
Bagcilar is a great place to live for families and young people. The advantages of buying property in Bagcilar are:
- Proximity to the city center: Bagcilar is only 4 kilometers from Taksim Square, the center of Istanbul. It is also well connected to other parts of the city by public transportation.
- Affordable Housing: Real estate prices in Bagcilar are relatively lower than in other areas of Istanbul. This makes it a great option for buyers on a budget.
- A growing region: Bagcilar is one of the fastest growing regions.
Taksim area:
The Taksim district of Istanbul is one of the most popular areas of the city for both locals and tourists alike. The area is popular for its nightlife, shopping and restaurants. It is also one of the most expensive areas in Istanbul. However, there are some advantages to buying real estate in the Taksim area.
One advantage is that real estate prices in Taksim have not yet reached the levels seen in other parts of Istanbul, such as Sisli or Beyoglu. This means that there is still potential for capital appreciation. And don't forget that Taksim is very centrally located, making it easy to move around the city.
The future of the real estate sector in Istanbul:
The future of the real estate sector in Istanbul is shrouded in uncertainty due to various factors such as the COVID-19 pandemic, economic recession and recent political tensions. The Turkish economy has been slowing down over the past few years and the pandemic has worsened. As a result, many people have lost their jobs or seen their income drop. This has led to a decrease in the demand for real estate, both for purchase and for rent. Another factor affecting the real estate sector in Istanbul is the recent political tensions between Turkey and several Western countries. This led to a decrease in tourism, which also affected the demand for apartments.
These factors have created an uncertain future for the real estate sector in Istanbul. But, there are also some positive factors that could lead to a recovery in the sector. These include population growth, continued urbanization, and young people who are increasingly interested in buying real estate.
On the other hand, Istanbul ranks first among European cities in terms of investment potential. The report notes that Istanbul is expected to attract more interest from international investors in 2020 due to its strong economic growth, youth and increasing purchasing power.
The next five years will also be the most important years for the real estate sector in Istanbul. The construction of new airports, metro lines, and highways will also increase the value of real estate in Istanbul, in addition to the government's urban transformation policies that will have a positive impact on the real estate sector.
Notes when buying a property in Istanbul:
Make sure you have a clear idea of your budget and what you can afford before you start your search.
- Be aware that there may be hidden costs when purchasing a property, such as taxes, fees, and renewals.
- Working with a reputable real estate agent who knows the Istanbul market well and can help you find the right property.
- Pay close attention to location when choosing a property, as this can have a huge impact on the value and quality of life.
- You must have realistic expectations about what you can find in Istanbul because the properties may not meet the standards in your plans.
Why to choose zoom real estate company for a real estate investment trip in Turkey ?
– helping you finding suitable properties for real estate investment and obtaining Turkish citizenship.
– We offer extensive real estate services in Antalya, where we have
Villas for sale in Antalya with the most beautiful views in addition to all types of residential, commercial and hotel properties .
– Our services extend to various areas of Istanbul where you can find luxury properties for sale that meet your wishes.
– We have properties for sale in Turkey in installments .
– Investing in earthquake-resistant buildings in Turkey and ensuring the best service standards
These were the most important details that you need to know about the real estate market in Istanbul. If you have more inquiries, do not hesitate before contacting our real estate consultant to provide you with all the appropriate offers.
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