There is no doubt that the idea of real estate ownership in Istanbul occupies the minds of everyone of foreign investors, including Arabs, hoping for the advantages that its properties enjoy such as a strategic location and attractive prices in addition to its diversity, and we will talk in this article about these items with plenty of talk.We wish you an enjoyable reading.
Why own real estate in Istanbul?
There is no doubt that there are many reasons that have made Istanbul a center for attracting many investors, including foreigners and local Turks, and among these reasons is the diversity of real estate that Istanbul enjoys, which we will learn about the content of its types in the coming lines:
First: Residential complexes:
They are apartments within a residential complex that are always distinguished by their high prices when compared to regular apartments, as they provide many services and needs that residents need, to mention but not limited to the presence of swimming pools, as well as cleaning, care and maintenance services for buildings, in addition to gardens, playgrounds and Turkish baths as well.
Second: Old apartments:
They are apartments within very old buildings that may reach dozens of years old, as they can determine their price by estimating the age of the building in which the apartment is located, and the price is often somewhat low, which encourages investors to own real estate in Istanbul through maintaining, selling or renting it.
Third: Villas:
It is one of the most beautiful types of real estate that all the high classes in Istanbul are attracted to, as its external structure consists of independent units that may consist of two, three or more floors.
It also includes a private garden and may contain a swimming pool in addition to being surrounded in all directions by fences.
Due to its large size, it is ideally suited for families, and you will find it often located in high-end neighborhoods.
Fourth: Lands:
It is one of the guaranteed investments in Istanbul and you can rent it and earn a fixed and profitable monthly return, in addition, you can buy it and then wait for a period of time and then sell it and here you will definitely make significant profits, and it is worth noting that it also contains types, the first of which is (residential land) as it is owned by the state, or it may be owned by certain individuals that is used to construct buildings.
The other type is called (agricultural land) and the third type is (commercial land) whose purpose is to establish a project such as opening a restaurant or a mall and the like.
Fifth: Regular apartments:
It is one of the most popular and demanded types when compared to other types of real estate, as it is used for residence and housing or for investment in order to obtain a regular monthly or annual return.
Owning real estate in Istanbul... How much money do I need?
Rumors abound that it is impossible to find cheap real estate in Istanbul. In the imagination of some, it is a city whose real estate is expensive according to its shape, but in fact, and based on statistics, the city contains cheap and expensive real estate.
Real estate in Istanbul is more expensive than those located in any other Turkish city and is still in the process of increasing due to Istanbul's position and great importance.
Things that caused the rise in Istanbul prices:
The noticeable rise in real estate prices in Istanbul must have hidden reasons that we will strive to mention through this paragraph:
First - having a solid infrastructure:
The high-quality infrastructure is one of the reasons for the rise in real estate prices in the city, and it has played a prominent role in raising the statistics of real estate ownership in Istanbul as a result of the efforts of the Turkish state and its effort to develop and provide it with all kinds of service and recreational facilities such as schools and universities competing with European universities as the educational sector in the city is prosperous, in addition to hospitals and medical centers, the most famous of which is Basaksehir, the largest medical city in Europe, not to mention the luxury shopping centers that give you an opportunity to buy goods and products from your home using mobile applications. All this, and we have not yet talked about the high-end restaurants and cafes scattered all over Istanbul.
Second - The depreciation of the Turkish lira:
Real estate prices in Istanbul are significantly affected by the value of the Turkish lira on the contrary, the lower its price, the higher real estate prices, which will benefit you as an investor, and in this context, we must note that this decline does not mean the weakness of the economy in the city. The economy is not directly linked with it, but rather it depends on three points, the first of which is industry, the second is trade, and the last is real estate investment. As a result of what has been mentioned, real estate experts are urging the necessity of monitoring and studying the real estate market and waiting until prices drop, then you buy and when they rise you sell it, and thus real estate ownership in Istanbul has been successfully completed.
Third - Prices of raw materials are recording an increase:
The noticeable rise in the prices of primary building materials such as cement and the like has been offset by the rise in real estate prices in Istanbul and in Turkey in general, as the Turkish state depends somewhat on importing them from abroad, and thus the expenses it pays to bring these materials will increase.
Fourth - the importance of the location of Istanbul:
The location of Istanbul has succeeded in making a qualitative leap in the field of real estate investment in it. It has played an important role in attracting many local and foreign investors and urging them to own real estate in Istanbul, as it constitutes a link between Asia and Europe, bringing together the civilization of the two continents, which increases the demand for it, therefore it has a high price.
Fifth, it is thriving in terms of tourism:
Istanbul's touristic position has had a major role in attracting tourists of various nationalities from the east of the world to west, which is followed by a significant increase in demand for its properties, whether from visitors or local residents, taking into account the multiplicity of their desires and investment methods. All together, you will find that the percentage of profits increases as a result of the increase in real estate prices in Istanbul, which includes a huge number of monuments such as museums, monuments, churches and ancient palaces, in addition to containing many natural landscapes and terrains that have attracted a huge number of tourists who want to relax and have a good time.
Sixth - Infrastructure projects:
The Turkish state has striven to develop and advance Istanbul to the desired status through urban transformation plans and infrastructure projects, especially the new Istanbul Airport, which once completed, the properties of the nearby areas will witness a significant rise in terms of prices, and even the rest of Istanbul, statistics indicate that it will not survive from this increase as well as the water canal, it is expected to enhance navigation and relieve pressure on the Bosphorus Strait, as the last of these projects and the most important of which is Istanbul's Third Bridge, which enjoys great prestige.
Many advantages of buying an apartment in Istanbul with Zoom Real Estate:
-Extensive knowledge and close relationships within the Istanbul real estate market.
–Cheap apartments for sale in Istanbul that satisfy all tastes.
–Buying an apartment in Istanbul in convenient installments.
-Choose an apartment suitable for obtaining Turkish citizenship and enjoying its advantages.
– Taking care of all the necessary procedures and papers for you.
Talking about real estate ownership in Istanbul is fun and filled with valuable information that helps you know the secret of real estate ownership and also helps you to become a strong investor within its real estate in addition to seeing the beauty of Turkey in real.
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