As a matter of real estate diversification in Istanbul, many people choose the old houses in it for real estate investment. What are the reasons for this choice, even though this city is witnessing a lot of progress and a great urban renaissance?
Advantages of Istanbul's old houses for real estate investment:
- Istanbul is one of the oldest continuously inhabited cities in the world. The city was the capital of three empires and has a rich history and culture. It is also a major tourist destination that attracts visitors from all over the world.
- Old houses in Istanbul are an important part of the city's history and culture and are a major source of income for the city, as they are often rented out to tourists.
- There are many advantages to investing in old Istanbul homes. It is a stable investment, as it is not subject to market fluctuations and also provides a high return on investment, as it often appreciates in value over time. In addition, they offer a unique experience to the tenants, offering a taste of traditional Turkish life.
Features of old houses in Istanbul:
A striking feature of Istanbul's old houses are their lavish exteriors, which often have ornate balconies, and spacious and airy interiors. Other common features include high ceilings, large windows, and tiled floors. Many of these homes also have beautiful gardens.
The difference between old houses in Istanbul and modern houses:
The main difference between old and modern homes in Istanbul is that older homes are generally made of wood, while modern homes are built of concrete and old homes tend to be more ornate and have more intricate details, while modern homes are more simple and streamlined as well as However, older homes often have smaller rooms and windows, while modern homes usually have larger rooms and windows.
Advantages of living in old houses in Istanbul:
Living in an old house in Istanbul has many advantages. First of all, you have to live in a part of history. It is also interesting to see how the different cultures that inhabited the city have left their mark on the architecture and another advantage is that these houses are usually well built and sturdy, so you don't have to worry about them falling apart Finally, living in an old house in Istanbul can be much cheaper than Living in a new home, where it is not requested by buyers.
Disadvantages of buying old houses in Istanbul:
Some of the disadvantages of buying an old house in Istanbul include:
- The homes may not be well maintained and may need major repairs.
- Older homes may not have modern amenities such as central heating and air conditioning, or they may have outdated electrical and plumbing systems.
- They may also be located in undesirable neighborhoods.
Tips when buying old houses in Istanbul:
Buying old houses in Istanbul may have many advantages and advantages, but despite that there are some negative aspects that we talked about above, and for that there are some tips that you should take into consideration, including:
1. Check for structural damage As any old home will experience some problems over time, but you need to make sure the damage is not extensive and ask a professional inspector to take a look before placing an order.
2. Be Prepared for Repairs and Renovations An old house will likely need some work, so factor that into your budget.
3. Get to know the neighborhood Before you buy an old house in Istanbul, do your research on the neighborhood in which it is located. Is it a safe area? What does quality of life look like?
4. Get help from a real estate agent who specializes in old homes who will be able to guide you through the process and help you avoid any pitfalls.
Where do you find the old houses of Istanbul?
Certainly, when you want to buy this type of real estate, you will not choose to search in the modern and modern areas established a short time ago and will choose to resort to more ancient and historical areas, the most important of which are:
1 - Sultanahmet District:
There are many reasons to buy an old house in Sultanahmet and the first and most obvious reason is the price. Old houses in Sultanahmet are much cheaper than new ones, even after taking into account the necessary repairs and renovations.
Another advantage of buying an old home is the personality and the charm that comes with it. Old homes have a unique atmosphere that can't be replicated in a new home. If you are looking for a home with personality, an old home is the way to go.
Older homes also tend to be more robust than new homes and were built with materials that are no longer available or expensive to use today. This makes them more durable and likely to last longer than a new home built with modern materials.
2 - Sultan Eyup area:
Sultan Eyup is one of the most famous tourist destinations in Turkey and is famous for its stunning scenery, rich history and many old buildings. If you are thinking of buying an old house in Sultan Eyup, there are many advantages that you should consider:
The first advantage of buying an old house in Sultan Eyup is that it is a nice place to live and there are many old buildings that are well preserved. If you are looking for a place to retire or just want to live in a beautiful place, Eyup Sultan is a great choice.
Another advantage of buying an old home in Sultan Eyup is that it is often more affordable than new homes due to the high cost of construction over the years, but the prices of older homes have not kept pace with inflation and as a result, you can often find great deals on older homes in them.
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.
For the profitable investment opportunity that you dream of obtaining, do not hesitate and contact our real estate advisor now to get a list of the most important offers and options available to choose from what suits you.
Related articles
Cheap apartments for sale in Turkey 2022.
Real estate options abound in the real estate market in Turkey.
Real estate investment in Turkey is a golden opportunity.
Conditions for obtaining Turkish citizenship.
Real estate in Turkey has an authentic history and a prosperous future.
The latest developments in order to obtain real estate residence in Turkey.
Prices of apartments in Turkey and the latest developments on them.
How is the strength of the Turkish passport measured?
#Turkey_apartments #real estate_investment #Zoom_prorperty
#Turkish_citizenship #buy_real estate #Istanbul_real estate
