Are you looking to explore Real estate Istanbul? You have stumbled upon the right place. Turkey has a wide variety of apartments for sale in istanbul for international property investors like you. Straddling Europe and Asia across the Bosphorus Strait, Istanbul is the economic hub in Turkey and is the melting pot of history and culture. Formerly known as Constantinople, Istanbul is a city that welcomes visitors from all across the globe. Not only for tourism, but Istanbul is also a favorite among real estate enthusiasts..
Real estate Istanbul Areas To Invest In
Turkey’s largest city, Istanbul, is home to 39 governing districts and hundreds of smaller neighborhoods. The most striking part about Istanbul is that each neighborhood boasts unique features – from vibrant nightlife scenes to a family-friendly environment. Being a city where cultures collide, it is fair to say that Istanbul is not an ordinary city – rather, it is a city that holds multiple cities within. With this diversity, Real estate Istanbul is booming. But, deciding where to invest or buy properties can be a conundrum. Here are the top locations to buy or rent properties in Istanbul:
Başakşehir: This is located in a commercial area and is one of the fastest-growing regions in Istanbul. Even though Başakşehir is located far from the central business area, the Otogar-Bağcılar-Başakşehir-Olimpiyatköy metro line has increased the real estate value in this area. That is why foreign investors eye Başakşehir for long-term investment plans. Başakşehir is an hour’s drive from Taksim and Sultanahmet, connecting you to both the new and old parts of Istanbul. The area includes Atatürk Olympic Stadium and shopping malls like Metro, Terasium, Olimpia, and Arterium. Children’s attractions like Babalou and Jurassic Land make Başakşehir an excellent
Esenyurt: Several off-plan developments with on-site facilities have made Esenyurt a popular choice for buying or renting real estate. The area has always been a valuable location and continues to remain so due to its excellent transport links and an affordable price per square meter. The new quality real estate projects in the Sultangazi and Bağcılar provinces enable budget home buyers to find their dream homes. Housing shopping malls like Akbati, Torium, and Eskule, Esenyurt is an attractive location. Being close to all transport lines, Esenyurt attracts working professionals to buy Apartments for sale in Istanbul.
Beylikdüzü: It is one of the regions with the highest value increase, thanks to its top- quality transport projects and investment projects. Careful urban planning, the Bakırköy-Avcılar-Esenyurt-Beylikdüzü-Büyükçekmece metro line, a 12-kilometer coastline, and masses of green areas are attracting Real estate Istanbul buyers to
Beylikduzu in European Istanbul. With transportation being greatly simplified and its university education establishments, Beylikduzu also offers leisure and pleasure pursuits like the Perla Vista Shopping mall with dining and entertainment centers. The real estate istanbul for rent and buying here ranges from five-bedroom luxury villas to one- bedroom apartments.
Sultanbeyli: Located on the main transportation means, Sultanbeyli is preferred by investors and homebuyers for its cultural centers, green areas, and excellent Real estate Istanbul
Çekmeköy: Close to the city center, Çekmeköy boasts fast urban transportation projects and new real estate developments. The area also has the Üsküdar-Çekmeköy metro line,
3 bridge connection roads, and Northern Marmara Motorway projects. However, Çekmeköy has gained importance among international investors for its green areas, forest, and peaceful environments.
This is not the end of the list. The Real estate Istanbul market has a lot more to offer
Real Estate Istanbul
Why Should You Buy Apartments for Sale in Istanbul?
Istanbul has been a prosperous city for local and foreign Real estate Istanbul investors. Istanbul is constantly growing with new urban transformation, constructions, and development projects coming up almost every day. The new developments, along with the phenomenal transportation infrastructure, attract real estate enthusiasts from every corner of the world to invest in properties for sale in istanbul. The new transformation projects have nudged the properties’ price and overall price value while providing the investors with long-term profit potential due to capital gains and rental yields.
Several investors have had the opportunity to invest in properties in Istanbul and double their investment in a short period of time. But, the question is, why is Istanbul the most chosen destination? Here are a few reasons why you should also follow the trend:
Affordability of Property Prices: A significant reason for attracting investors to Istanbul, or Turkey in general, is the affordable real estate prices. Not only does it have low per square meter prices, but Turkey offers lucrative exchange rates between the lira and other world currencies, thus providing investors with great value for their money. This makes Istanbul a cheaper alternative for international real estate enthusiasts than England, Western Europe, and
Easy Buying Options: Buying, selling, or investing in real estate is a lengthy, complicated legal process. But, that is not the case when it comes to real estate istanbul for rent and buying. Turkey offers the easiest real estate ownership The country’s easy and simple real estate ownership processes do not require a lawyer’s presence. However, it will not be a bad idea to hire a lawyer. Besides, with only 3% title deed tax, ancillary costs for lawyers, translators, agent’s fees, etc., are also very affordable.
Fast Buying Process: The straightforward Real estate Istanbul buying and renting process in Istanbul typically takes three to six weeks to
Liquidity and Capital Growth: With new construction projects, Istanbul is reinventing its housing market with an abundance of apartments and villas open for sale and rent. The European side of Istanbul will give you an opportunity for long-term capital gain possibilities. Being a popular destination for both local and international buyers, Istanbul ensures high liquidity. Additionally, a large global audience base reassures you that you can do it without hassle if you need to
Capital Protection: Investing in Real estate Istanbul is one of the safest and secure ways of safeguarding capital from devaluation against currencies and key precious metals such as the dollar and gold. You should invest in properties in Istanbul to protect your capital as property prices in Istanbul keep on changing with the value of the Turkish lira. This means that the property prices will rise with the local currency’s fall to compensate for any decrease in your property’s price. Additionally, the Turkish Central Bank and Ministry of Economy ensures that Real estate Istanbul and products are stable and balanced against the Turkish
Low Cost of Living: Istanbul offers a low cost of living and yet a high standard of living. That is why investors flock to Istanbul, intending to invest in properties and spend some time in the beautiful city that is the home to some of the finest world-renowned historical sites like the Galata Tower. Istanbul is a low-cost choice even with several high-end restaurants and the beautiful
Citizenship: It is easy to get Turkish citizenship through real estate investments because of the new regulations. When in 2018, Turkey lowered the minimum amount for the citizenship investment scheme from 1 million USD to just 250.000 USD, the Real estate Istanbul market boomed among the international investors. Do you want Turkish citizenship? All you have to do is keep the property for three years. Do this, and you will get residency along with working
Real Estate Istanbul
To add to the value of Istanbul, the education, medical service, transport systems, and nightlife in the city also pose attractive elements to draw investors from almost every corner of the world. So, What are you waiting for? Come and explore the amazing properties for sale or rent in Istanbul.
Important Tips for Buying Properties For Sale in Istanbul
Investing in properties for sale in istanbul needs a very calm and wise approach. Even though Istanbul’s real estate market is a very promising option, keeping a few pointers in mind will make your decision-making process a lot easier. Here are a few tips to make your investment process easy and smooth:
Budget: Your budget and lifestyle play a crucial part in choosing an area that suits your interests best. Some localities in Istanbul are known for offering cheap and affordable Apartments for sale in Istanbul, while others are known for their luxury villas that sell for millions. So, before you jump in to invest, set your budget
Purpose of Investing: The purpose of investing in a property is also very important to ensure that you make a wise choice. Several investors buy properties for sale in istanbul to rent them out, and some buy properties in Istanbul for commercial reasons or to sell them off. So, have a clear idea of the intention behind your investment, as this will dominate your choice of
Choice of Location: You simply cannot invest in a property without balancing your purpose of buying and the location you choose. If you want a rental income from your property, choose business districts or touristy neighborhoods. If you are investing for commercial purposes, look for spaces in high-traffic areas. On the other hand, if you are looking for a family environment, look for properties in Istanbul closer to amenities like banks, shops, and transport
Long-term Payment Plans and Interest-Free Credit: Istanbul is undeniably a buyer’s market, offering low per-square-meter rates. Developers in Istanbul also offer long-term payment options with no interest. These payment options range from 12 to 60 months and are available on off-plan and key-ready apartments. This will allow you to purchase a new property and customize the interiors on off-plan properties according to your wish. This is an amazing alternative to international and Turkish mortgages, the latter of which can carry interest rates as high as 20%. They also have a higher chance of capital appreciation if owners keep their homes for at least ten years. So, when you invest in Real estate Istanbul, look for long-term payment plans and interest-free credit
Future of Real Estate Istanbul
Real estate Istanbul has been doing good even during the crisis period of the COVID-19 pandemic. The pandemic has given investors an opportunity to strengthen their investment game. Compared to the real estate prices in the Euro or US dollar, investors made huge profits by entering into new deals at impressive price points in Istanbul. Istanbul’s commercial activities in shopping malls are more active than in other European cities. This makes Istanbul a wise choice for anyone looking for a professional office environment. Besides, Real estate Istanbul witnesses qualitative leaps, and the market is growing at a fast pace. Istanbul’s real
estate market doubles as a profit-generating investment tool. Powered by modern architectural projects, cultural and historic richness, Turkish citizenship provisions, and capital protection, the future of Istanbuls’ real estate market seems promisingly safe.
Buy Apartments For Sale In Istanbul With Professional Real Estate Agents
Are you interested in investing in Real estate Istanbul? Find your way to professional real estate agents. Real Estate agents in Istanbul are property connoisseurs dedicated to helping international investors access impressive apartments and villas all across Istanbul at affordable rates. Being local to Istanbul, They have in-depth knowledge about every neighborhood that makes Istanbul a rich market for real estate investments. They have been serving the real estate enthusiast locally and internationally as well. Such property experts prioritize your goals and will whip out property options according to your needs and even property choices based on seasons. Serving a dynamic range of clientele like real estate owners, investors, etc., their offer services like:
Capital markets and M&A advisory
Tax and strategic communications
Strategic advisory and transaction due diligence.
Real Estate Istanbul
Contact Expert Real Estate Agents Only Before Investing In Real Estate Istanbul
Contact experienced real estate agents like Propertytr.com because only experts can bring impressive resources, years of experience in the Real estate Istanbul market, excellent customer support, longevity, and a suite of excellent properties. The professional real estate agents at Propertytr.com have an outstanding team who are waiting to help you navigate through a myriad of options.
What Are The Best Areas To Invest In Istanbul?
Some of the best areas to invest in real estate Istanbul are Beylikduzu, Zeytinburnu, Kağıthane, Başakşehir, Çekmeköy, etc.
Are There Any Cheap Apartments Available In Istanbul For Investing?
Yes, there are many apartments for sale available in Istanbul. It is considered a major city in Turkey to offer quality and cheap apartments.
Are People In Istanbul Friendly?
Yes, people in Istanbul are very friendly and encouraging towards overseas investors.