Buying second hand apartments for sale in Istanbul is the perfect way to dive into the real estate market of Istanbul, Turkey. Whether you are buying it to put it on rent or for your personal use-Istanbul has a lot in its store to offer the investors.
Keep on reading to know more…
Why should you buy second hand apartments for sale in Istanbul?
- Istanbul, Turkey’s economy is one of the fastest-growing economy in the world.
- Property owners get a high return on investment.
- Prices of second-hand apartments in Istanbul is low compared to other European countries.
- The cost of apartments in Istanbul is low compared to other European countries.
- Low taxes.
- The cost of living in Istanbul, Turkey is low.
- Turkish citizenship
- Conservative social environment
- The nature and climate of Istanbul, Turkey.
Where to buy the best second hand apartments for sale in Istanbul
If you are preparing to buy second-hand apartments in established investment areas, then look for places like
- Besiktas
- Beyoglu
- Caddebostan
- Bomonti
- Bahcesehlr
If you are preparing to buy apartments in up-and-coming areas, then look for places like
- Fikirtepe
- Beylikduzu
- Kaglthane
What is the price of best second hand apartments for sale near Istanbul?
It depends on your budget and the type of second-hand apartment you are looking for. To make things more clear we have subdivided the property types into four parts:
- High-end luxury apartments
For looking at high-end options, you should have a minimum budget of $1 million. But it’s worth every penny. It will also help you earn high returns on your property.
- Mediocre luxury apartments
If you have a good-but-not-great budget, then look for second-hand apartments with mid-range luxuries. The minimum investment starts from $40000 and goes as high as $ 1million. These properties also provide good returns.
- City suburbs commuter apartments
If you are looking for second hand apartments for sale in Istanbul for safe investment but favorable returns, then go for City suburbs commuter properties. For this, you should have a minimum budget of $100000 to $400000.
- Outer city commuter apartments
If you have a low budget, worry not! Look for properties on the city’s outskirts. These places are growing too fast; though you need to have an open mind towards returns which are not that great. For buying second-hand property on the outskirts, your budget should be between $ 50,000 to $100000.
How to buy the second hand apartments for sale in Istanbul?
- Through an Emlak: These are the real estate agents of Istanbul that keep the market going.
- Owners: You can buy your second hand apartments for sale in Istanbul directly from the owners with no third person involvement. This will save your commission charges.
- Agents: You can also take help from agents to help you find your dream second-hand apartment in Istanbul.
Tips for buying second hand apartment
- Checking the original documents and license.
- Security of the apartment, you will invest in.
- The location is of utmost importance.
- Current Ownership of the apartment.
- Apartment Should be Free from Encumbrances
- The physical condition of the second-hand apartment.
- Amenities and facilities of the apartment.
You made the right decision
Buying second hand apartments for sale in Istanbul is one of the best decisions you have made. It’s not only an investment, but it’s also like securing a passive income source (if you put your property on rent). Even if you are buying it for personal use, Istanbul will give you the best of luxury and facilities.
