Important information when investing in real estate in Istanbul 2022

The real estate market in Istanbul is witnessing a great foreign demand, and according to a global classification, it ranked ninth in the world in terms of the importance of buying and owning real estate in it.

This city gained its importance from its geographical location - its economic boom - its urban modernity, and many other reasons.

Through this article, the editorial department of Tur property presents to you everything that interests you about the issue of investing in that city.

The importance of real estate investment in Istanbul:

1 - It is characterized by an exceptional geographical location as it extends over the continent of Europe and Asia together, and is close to the Arab world.

2 - It is witnessing a large movement and overcrowding, as its population has reached 16 million.

3 - It witnessed a great urban acceleration that encouraged investors to turn to it, and construction companies are keen to build luxury, modern and integrated projects.

4 - According to the reports, residential complexes are the most in demand, because they provide those who live in them with an integrated lifestyle.

5 - Its economic sector is recording a remarkable growth in contrast to many countries of the world such as Europe and many Arab countries.

6 - It is not hidden from anyone about its tourist importance, as it annually receives millions of tourists from different countries of the world thanks to its possession of many historical - archaeological sites - parks, gardens and other distinctive places.

7 - In Istanbul, you can fulfill your desire to live facing the sea or facing forests and green spaces.

8 - That city has one of the biggest and largest air transport stations in the world (Istanbul New Airport), which connects east to west.

9 - It receives annually thousands of foreigners, expatriates, businessmen, students and investors.

10 - The urban transformation projects that the Turkish government aims to achieve and develop in old real estate.

You may think that life in Istanbul is followed by some difficulties such as the high cost of living or in securing life necessities. But the reality is otherwise, as real estate prices are low compared to other cities - the cost of living is reasonable - there is an abundance of transportation, which was an ideal solution to address the problem of congestion.

Types of real estate investment in Istanbul:

The real estate market in Istanbul is one of the most diverse real estate markets in the world, where you can find all forms and types of real estate that meet all tastes and budgets.

First, you will find all types of residential real estate, such as apartment complexes, independent apartments, villas, penthouses, duplexes, and triplexes.

Secondly, commercial real estate such as offices - shops - restaurants - cafes - hotel apartments.

If you are in a hurry and need to receive the property quickly, you can choose ready-made properties, but if you can wait and have plenty of time, choose properties under construction.

What should be noted here is that ready-made properties are more expensive than others, so many people with low budgets prefer the second option, as among its advantages is that you will not have to pay for it in cash, and also that its value increases after the completion of the construction stages to thirty percent.

Specifications of the right property for real estate investment in Istanbul:

When you invest your money in real estate, the first goal that you seek to achieve through it is to obtain abundant profits and rewarding families, and for this there are specific specifications that must be met in the property, and this is what we will talk about in the next paragraph.

1 - The location must be distinctive (close to vital projects - public transportation - highways - schools - hospitals - tourist attractions - malls - recreational places) and other details.

2 - The design of the property should be eye-catching and modern (decorations - finishes - quality of cladding).

3 - Make sure that its view is distinctive, that is, on the sea or the forest, because it greatly affects the value of the property and its investment importance.

4 - Beware that there are restrictions imposed on it such as seizure or mortgage because it prevents you from disposing of the property easily, such as if you want to sell it in the future.

5 - We advise you to choose a small or medium area because the demand for it is large and selling the property will be easy in the future.

6 - Look for a property for sale in Istanbul within the areas that you intend to quickly and in which new real estate projects are being built.

The most prominent areas for investing in real estate in Istanbul:

Before you buy a property in this city, you should take a look at its most prominent areas in order to choose what suits you.

Sariyer: It is one of the most luxurious areas in the city, characterized by being the rich and wealthy, containing luxury residential complexes and intended for tourists to visit its attractions.

Beylikduzu: As for this area, it is suitable for owners of low budgets, with real estate prices being moderate compared to others, and it is expected that it will register a significant increase during the coming period.

Esenyurt: One of the most important European areas of Istanbul is characterized by the fact that it contains popular and modern real estate (residential

Uskudar: This area is located on the Asian side of the city and is characterized by its sea view of the Bosphorus and the Sea of ​​Marmara. It is suitable for real estate investment because real estate prices are constantly increasing.

Basaksehir: One of the most important European regions of Istanbul, it has gained its investment importance due to its presence near the new Istanbul Airport and the new Istanbul Water Canal, and real estate prices in it have increased over the past three years by 45%.

We provide our clients with the best studied real estate investment opportunities and guarantee them to obtain high and abundant profits and provide them with a full range of distinguished services and important consultations.