The comprehensive guide about the real estate market in Istanbul 2022 AD
All the information you need to know about the real estate market in Istanbul
Have you thought about buying a property in Turkey? Did you know that Istanbul is one of the first choices that usually come to the mind of any investor?
Through the following article, the editorial team at TUR PROPERTY Real Estate will provide you with a complete and detailed guide on everything related to the real estate market in Istanbul.
We wish you an enjoyable and useful reading.
table contents:
The most important types of real estate in Istanbul:
Istanbul is full of many and varied options that suit everyone and fit most budgets, and through the following paragraphs, we will work on pointing out the most prominent ones.
1- Residential apartments:
According to many statistics issued by the Turkish Statistics Authority, apartments are the most popular option at all, especially apartments in residential complexes, for many reasons, the most important of which are:
1 - The demand for this type of real estate is very large, so if you want to sell in the future, it will not be difficult.
2 - There are many options for apartments in Turkey, meaning that the buyer will not have limited options.
3 - The prices of apartments in Turkey and Istanbul are constantly rising due to the increase in demand with the high population density in the city. What you do not know is that Istanbul is one of the most crowded cities in the world.
If you want to invest in real estate in Istanbul and achieve abundant profits, you should choose to buy an apartment, preferably in one of the areas experiencing urban growth and population activity, such as those close to the tourist attractions that tourists visit throughout the year.
2 - Villas - Istanbul:
The second and most important option, which is one of the basic types of real estate in Istanbul, is (villas), which are distinguished by their modern urban designs and also with their large areas that give the buyer wide privacy and great comfort.
Add to your information that there are many excellent offers that construction companies provide for those wishing to get a high-end villa in the most luxurious areas of the city.
3- Commercial real estate:
But if you are hoping to get unlimited and abundant profit, we advise you to choose commercial real estate, as Istanbul is an ideal environment for this type of investment as:
- High population density.
- Tourist influx throughout the year.
- Having a variety of options.
- An important commercial market.
The importance of buying real estate in Istanbul:
Below you can see the most important advantages of the real estate sector in Istanbul:
1 - The possibility of obtaining real estate residency through the property price being a minimum of 75,000 US dollars.
2 - An opportunity to obtain Turkish citizenship if the property value is 400 thousand US dollars or more.
3 - An opportunity to obtain a Turkish passport, which is considered one of the most powerful passports in the world.
4 - It contains many public and private schools and international universities.
5 - It includes the most important strategic projects in the world such as:
- Istanbul New Airport, one of the largest air transport terminals in the world.
- The new Istanbul Canal.
- Many airports - highways - tunnels - bridges.
6 - Istanbul has many important, historical and archaeological attractions.
In this context, let us tell you that Arabs are the most likely to choose to buy real estate in Istanbul for many reasons, the most important of which are:
- Similarities to many customs and traditions.
- Common Islamic religion.
- Real estate prices are rather moderate.
- Ease of learning Arabic.
- Take advantage of the many facilities offered by the Turkish government.
- tax cuts.
- Its geographical location spanning two continents at the same time.
- Istanbul is geographically close to the Arab world.
Real estate prices in Istanbul:
It is no secret to anyone that the real estate market in Istanbul is distinguished by its development, luxury, unlimited modernity, modern designs, infrastructure and many facilities provided by the Turkish government.
But the most important point that occupies everyone who is about to own property in that city is if real estate prices are high and only suit those with high budgets, and what can be noted in this regard is that prices in Istanbul are very appropriate and acceptable compared to real estate prices that you will find in similar cities. In terms of importance and high standing.
Where to find real estate for sale in Istanbul?
As we mentioned above, the city of Istanbul spans two continents at the same time, which makes the choice difficult for the buyer, and this prompted him to ask a question (which areas of Istanbul are better to buy real estate)?
If you want to buy a property on the European side of Istanbul for real estate investment, we advise you to go to areas with great urban growth, such as Basaksehir, which is known for its great modernity, or Buyukcekmece or Beylikdüzü, which is characterized by its many modern and luxurious residential complexes.
If you are looking for luxury and the life of the wealthy, you can choose the Sariyer area, which has a view of the Bosphorus, Zekeriyaköy or Maslak.
If you are looking for cheap apartments for sale in Istanbul, you can choose remote areas or far from the city center, such as rural areas (Silivri), for example, which are characterized by calmness or Çatlıca.
If you want to buy an apartment in Istanbul on the Asian side, you can choose Uskudar, which is the pearl of the Asian continent, with its double sea view over the Bosphorus and the Marmara Sea, and you can also choose Umraniye, which records a huge urban growth.
In the real estate market in Istanbul, you can quickly find the right option for you, especially in light of the construction companies' tendency to build the finest, most important and most luxurious residential complexes.
You can now contact us to help you find the right option for you according to your budget and goals..Our consulting team is waiting for you.
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