10 Advantages of buying property in Istanbul

Today, we see thousands of foreign investors who want to buy real estate in Istanbul due to its prestigious position in the real estate sector and considering it as a preferred destination for students of science and culture and the best option for lovers of residence and tourism and safe haven and bright future for entrepreneurs and money, and torrents of arrivals from countries of the world do not stop towards them and floods of visitors from other countries do not run out, we will clarify through this article some details related to Istanbul and real estate investment in it.

The advantages of buying real estate in Istanbul:

Istanbul is a destination for many Arabs and foreigners to come and invest in because of its sophisticated infrastructure, distinctive tourist character, and many giant real estate projects, but our question is what are the advantages of investing in it? We will show it to you through the following:

First: Obtaining Turkish citizenship through real estate investment:

The foreigner can invest and obtain Turkish citizenship, but under conditions that he must follow, for example, the value of the property exceeds 400 thousand US dollars, and you also get the Turkish passport as soon as you obtain Turkish citizenship.

Second: Service Facilities:

The city of Istanbul includes many sophisticated service facilities, including but not limited to schools, universities and places of worship such as mosques, churches and others.

Third: Ease of conducting transactions:

The government departments and the municipality of Istanbul are characterized by the fact that they complete procedures and transactions more quickly than the rest of the municipalities in other cities.

Fourth: The diversity of the methods of investing the property:

While you own a property in Istanbul, you can benefit from it by renting it in the tourist seasons or changing furniture, making it better and then selling it at a higher price, or you can benefit from it as a center for practicing your work, office and commercial activity.

Fifth: Modern transportation network:

The city has land, sea and air transport means linking its areas and neighborhoods, and it also contains three international airports (Atatürk International Airport, Sabiha Gökçen International Airport, and the new Istanbul Airport) where international flights are available 24 hours without interruption, and the fact that this network of organized and well-prepared transportation makes movement in Istanbul very easy.

Sixth: International Real Estate Specifications:

There is no doubt that the specifications and modern technologies enjoyed by the real estate in Istanbul have had a noticeable impact in attracting investors. Many of them are designed as soundproof, heat-proof, earthquake-resistant, and their exterior and interior design are wonderful, not to mention the decorations, lighting and the like, which differ from one property to another according to its type.

Seventh- The charming view:

In Istanbul, you find many apartments with a sea view due to their proximity to the famous Bosphorus, including those that supervise the forests, green spaces and the city center, and we have arranged the prices of these views from expensive to cheap.

Eieghth- Successful and safe investment:

Investing in the real estate located in Istanbul is one of the most profitable areas for you. In this context, it is worth mentioning a lot of information that is overlooked that to achieve the expected profit from real estate investment, you have to wait and wait for a long time.

Ninth- Reasonable Prices:

The prices of real estate in the city are fairly reasonable if we want to compare them with those in European countries.

Tenth- Tourism status:

Istanbul has attained a prestigious tourist status that has made it the first destination for many tourists from around the world.

The elements of the success of real estate investment in Istanbul:

Today, Istanbul is witnessing great success in the real estate sector because of the elements that contributed to this matter, namely:

First- Luxury Real Estate Projects:

The attention of most construction companies in Turkey is directed to Istanbul, they will not find a better city for the success of the huge real estate projects they plan to build, whatever the types, they will generate incalculable profits.

Second- Infrastructure projects:

It has played a prominent role in raising the prices of real estate in close proximity to it, and since the Turkish state announced it, local and foreign investors and construction companies have begun to build their edifices there to benefit from the profit returns they will receive in just a few years, and while we talk about it, we must mention some examples:

• Basaksehir Medical City:

The largest health project in the history of the Republic of Turkey due to its large area amounting to 21 million square meters divided into green areas and gardens 171 thousand square meters and 145 thousand restrooms and seats to wait and sit, as for the actual survey on which the city's medical buildings were built, it amounts to about 789 thousand square meters.

• Istanbul Water Canal :

It is apparent that this project will change a lot as the prices of the land surrounding the project have increased until the price of one square meter in some areas near it has doubled. It will also change the face of transport in Turkey in general and in Istanbul in particular, through which the pressure on the Bosphorus Canal, which is one of the busiest water crossings and has the highest density globally, is reduced. The population of Istanbul is expected to increase by about 1.2 million people as a result of investments around the Canal.

• New Istanbul Airport:

It is one of the largest airports in the world, covering an area of 76.5million square meters and accommodating nearly 90 million passengers annually. All stages of construction are scheduled to be completed in 2028, so that it will be able to accommodate 2 million passengers annually. This airport also provides passengers with large duty-free shopping areas and a wide range of food and beverage stores. Its exterior design is multilayered and allows for large and practical halls.

Third - Its distinguished location:

Istanbul is the only city in the world that is located on two continents, the first is Asia and the second is Europe, which has mixed its civilizations, customs and traditions, yet it carries within it some of the Arab traditions and customs that greedy Arabs to invest in real estate, especially countries that suffer from wars and turmoil.

Fourth- Conditions of the real estate market in the city:

The great prosperity and urban growth that Istanbul is witnessing has greatly contributed to encouraging foreign investors to make it a home for their real estate investments.

Fifth- The ancient civilization:

Civilization in this ancient city is not the result of recent decades, but dates back hundreds and thousands of years, as it has been alternated with different civilizations from Roman, Ottoman and others, and this has given it a great cultural diversity that has reflected positively on the structure of Turkish society.

Types of residential properties in Istanbul:

The real estate market in this ancient city is familiar with all types of real estate that we will mention to you through this paragraph:

First- Villas:

Villas in the city are available in several varieties, starting with old Ottoman-style villas, which have their own desire for ancient and authenticity, and enjoy and reflect on historical inscriptions that date back hundreds of years, including tourist villas designed with a high level of experience and efficiency and named for this because of the large number of tourists who buy them.

Second- Residential complexes:

The amount of stability and security within the Istanbul residential complexes reaches record levels due to the presence of a place dedicated to the people responsible for protecting the residential complex and its residents, which in turn provides a great deal of protection for them and enables the guards to control the entry of strangers to the complex and to keep the nuisance at night and many things that have a positive impact on the lives of the residents.

Third- Smart apartments:

Smart Home System is a term used in apartments where web-connected devices are used to provide remote monitoring and manage devices and systems such as lighting and heating. Everything is controlled by smart devices or tablets at the push of a button from curtains, kitchen utensils, air conditioners, TV screens and other devices and equipment.

Fourth- Duplex apartments:

They are two-storey apartments that are widely spread in Istanbul, often preferred by large families, as this type of apartment gives more privacy to the bedrooms and separates them completely from the living room. Duplex apartments are also designed on the ground or the last floors of the buildings, and often the ceiling of the rooms is tilted on the second floor of the apartment.

Fifth- Regular apartments:

This type of real estate in Istanbul is known to be less luxurious and distinctive than those found in residential complexes, but they do not lack the benefits or services attached to them, and each of them has a specific budget and varies among them in this regard, but they do not lack safety features or cleaning services, and their prices vary according to their features and according to their location and view that they enjoy, but generally their prices are suitable for most groups of society.

All the apartments we mentioned to you above are an ideal option for real estate investment, especially if they are chosen according to correct foundations and studied rules..

How to determine the right price for real estate in Istanbul:

Of course, the price of the property is not determined randomly, but according to criteria and basic factors, the most important of which are:

First: Location:

The geographical area in which the property you have purchased is located plays an important role in determining its price as well as the areas overlooking it because most people aspire to an environment suitable for their lifestyles, and they are interested in that part in choosing neighborhoods. In addition, this factor determines the rate of increase in the price of the property. There is also the proximity of the property to health and education areas, workplaces and major shopping centers.

Second: The legal status of the property:

The procedures for registering a title deed and determining the price are different if you buy a property during the construction period, or do so after the completion of the project, as well as the restrictions imposed on the property, for example mortgage or sales explanations. Here you need to know if the property meets the necessary legal requirements from the institutions related to the project of building that property.

Third: The condition of the property:

A very important factor in assessing the price of the property, where the age of the residence is considered in addition to its engineering, its area, the number of rooms and their suitability to the needs of the residents, in addition to the destinations receiving sunlight necessary to renew life in each house, and we do not forget the parking places as well.

Fourth : Investments in the region:

You should follow the movement of the planned infrastructure, transport and social areas projects in the property area in the medium and long term if your purchase of the property is for the purpose of investment, as this is the determinant of the rates of increase in the price of the property during the following years, including but not limited to metro projects, hospitals, airports and other such projects.

Areas suitable for real estate investment in Istanbul:

We also know that Istanbul has all the attention of investors, especially in the recent period. The Turkish economy has achieved qualitative leaps and remarkable growth, as this growth and development included most fields and sectors. So the areas suitable for investment are as follows:

First: Zeytinburnu area:

It is one of the best attractions for investors in the real estate sector because of its strategic location, as it is surrounded from the east by the Fatih area, the Bayram Pasha area from the north, and the Bakırköyarea from the west, and also from the northwest bordered by the aster area. As for the Marmara Sea, it is located to the south, and this has increased its real estate value.

It is also located within a central node between Atatürk Airport and the center of Istanbul, making it a center for the distribution of all transportation and metro lines that reach all parts of Istanbul, the most important of which are: (Metrobus Line, Tramway, Mari Sea Metro Line, Kirasli Metro Line, public transport buses), the importance of this pioneering area does not stop there, but extends to include basic service facilities such as schools, universities and hospitals, as well as recreational facilities such as malls and shopping centers.

Second: Maslak area:

It is an ideal area for foreign ambassadors and businessmen to live in, where it is called the city of the wealthy because of the uplifting of the region and its selection by the finest classes of Turkish society such as ministers, merchants and artists to live and invest in.

Maslak area is located within the area of Sariyer, there is no doubt that this area is one of the most luxurious areas in Istanbul

Moreover, Maslak area includes many areas dedicated to tourism, for example (Maslak Palace, Belgrade Forests, Istanbul Valley Mall Shopping Center) and many others.

Third: Basaksehir area:

Basaksehir has become one of the most attractive areas for local and foreign investors, not because of modern buildings equipped with the highest amenities and well-being, but because of the strong infrastructure and social, cultural, health and educational facilities that distinguished the region from all other areas in Turkey.

The area also contains the second largest showground in Istanbul, which is used for many diverse events throughout the year, and there is no doubt that Basaksehir includes a wide network of transportation means, such as public and private bus lines.

There is no doubt that the Basaksehir area is characterized by an important location, as it is considered the closest area to Istanbul's new third airport, and also near the Istanbul water Canal.

Fourth: Sarıyer Region:

One of the most important features of the Sariyer area in Istanbul is that it is one of the magical areas overlooking the famous Bosphorus, which made it a major tourist center in Istanbul, and it is common that it includes 9 areas with 38 neighborhoods.

Furthermore, it houses many different places and monuments for example (Amergan Park, Belgrade Forest, Kirchorno Coast, Ataturk Park) and many others.

Tourism and its impact on the real estate sector in Istanbul:

Tourism has a prominent impact on the real estate sector in Istanbul, as it is one of the main pillars on which the Turkish economy is based, as it is the largest supporter of it and one of the main reasons for attracting foreign investors to it to acquire the best apartments and tourist villas close to the monuments, the most important of which are:

First: Galata Tower in Istanbul:

This tower is one of the most famous tourist attractions in the city of Istanbul, where it is located in the heart of the city, as many tourists come to it from various parts of the earth, thanks to its distinctive geographical location and its wonderful geometric shape, especially from the inside, as it consists of 9 floors, as it was built in 1348 AD, and the height of the tower from the ground to the top of its head is 69.90 meters, and also the thickness of its wall reaches 3.75 mm, and its inner door reaches 8.95, as for the length of its outer door 16.45 meters, as for its spiral staircase and a small museum displaying photographs, and information about the history of the tower and its origin, and its construction was completed in 1348 AD.

Second: Princess Islands:

It is one of the most popular tourist areas in Istanbul, where visitors from all over the world go to enjoy the stunning landscape, as it is a group of islands located on the Marmara Sea and also characterized by its small size. It is named after the era of the Byzantine Empire. In addition, it consists of nine main islands that differ from each other by its size. There is no doubt that going to it is one of the most wonderful tourist trips in Istanbul, whether in summer or winter, to which tourists from around the world .

Third: Topkapi Museum:

It is considered one of the most famous places of tourism in Istanbul, as this museum is rich in archaeological and historical collections, gifts and jewelry that were provided to its princesses, as this museum specialized in the administration of government during the days of the Ottoman Sultanate, and it is designed in the form of Ottoman tents, and also includes from the inside spacious halls overlooking the dining halls. It also includes balconies with ornaments and inscriptions in Ottoman letters. Moreover, it has an area of seven hundred thousand square meters and is surrounded by fences five kilometers long. The truth of the saying is that this museum surprises everyone who sees the antiquities and artifacts in it, which are hundreds and thousands of years old. This matter is evident in the turnout of foreign and Arab tourists. It increases day by day, even by the tourist himself, as many of them are not satisfied with a single visit.

There are a lot of other tourist and historical attractions that we cannot talk about and the importance of buying real estate in Istanbul, but we hope that we have provided you with all the information you want to know about this topic.