Few tips will help you once you decide to buy property in Turkey Istanbul. Try to specify the reasons for your purchase. Are you planning to use the property yourself or rent it out? Are you investing, looking for a summer house or, planning to relocate to Istanbul? Which location might be suitable for you? What is the available budget for your purchase? Are you planning to buy an installment plan or cash payment? Answering the previously mentioned questions will help you find the most suitable option for you. Istanbul is a huge city and, every property is suitable for a different purpose so, you need to try to specify the reason for your purchase.
You might have visited the city a few times earlier however when buying a property things are different. You need to take into account the location, quality and age of the property as they are so important when choosing suitable options for you.
Other important things have to be considered when buying a property also such as title deed, management fees and, negotiating a suitable payment plan for you. A trustable local property adviser would assist you the most within the whole process.
We can provide you with a range of different property types, we have options all around Istanbul. Ready to move, off-plan, and sea view properties.
Central locations such as Bebek, Sisli, Taksim, and Levent, have luxury residential apartments with a beautiful Bosphorus view. Maslak area provides Belgrad forest view with a prime location in the center of the city.
Meanwhile, more affordable properties can be found in Beylikduzu, Bahcesehir, Basin Ekspres, and Esenyurt. With a variety of options ready to move and off-plan. These areas are being developed rapidly thanks to the massive construction power and the subway lines which are being constructed to reach those areas. These areas provide a reasonable price with a promising future for investors.
Even though apartments dominate the real estate market in Istanbul, there are also remarkable luxury villa and house offers for sale in Istanbul as well located in both central and outskirts areas. There are several types of luxury villas and houses available for sale, relatively small with 4 to 6 rooms and, larger options with swimming pool and private gardens not to mention the other luxury facilities inside the property such as sauna, Turkish hammam, and walking-traces. We have selected the most remarkable luxury villas and houses to be added to our portfolio, brand new or semi-new alternatives in prime locations with high-quality materials used creating a high quality of life for its owners.
Istanbul is considered to be the best city in Turkey to invest in property, Istanbul’s Luxury properties have taken a big feature on the real estate sector, similar to many other big cities around the globe, prices for luxury properties in Istanbul can be featured with remarkably high price tags, especially those which are located in or close to the city center or, those located in the prestigious areas of the city.
Istanbul’s apartment prices changes in each area, some of the apartments located on the coast of the Bosphorus especially, those which are close to the city center represent the highest prices in the city. These properties are the most luxurious ones in the whole city with a beautiful Bosphorus view and central location.
Apartments and Flats for sale in Istanbul with a more affordable price range are more likely to be found in the western side areas of the city such as Beylikduzu, Bahcesehir, Basin express, and, Esenyurt, these areas have been developing remarkably in the past few years. The residential properties in these urban areas were built in a modern way. These residential projects are built like complexes that usually contain social facilities such as swimming pools, gyms, Turkish Hamam, Basketball and football courts. Providing a heather lifestyle for its occupiers. Plus shopping malls are also being built inside these residential projects creating a small city with everything needed inside the project.
The European Side of Istanbul is suitable for relatively low budget investors, who are looking for apartments for sale in the European side of the city. The European side has many advantages such as being closer to the new airport, plus it has larger transportation networks in comparison with the Asian side of the city. Beylikduzu and Esenyurt offer the lowest prices in the city in modern residential projects with a beautiful design complex and all of the needed facilities inside the projects.
Many unique apartments are available for sale on the Asian side of Istanbul. Especially in Kadikoy and Uskudar areas which are considered as the center of the Asian side. The two areas are surrounded by many facilities such as shopping malls, subways, Bosphorus and sea views. They have easy access to the European side through bridges subways and sea transportation between the two sides of Istanbul.
Price-wise Asian side of Istanbul is quite similar to the European side of the city. Apartment prices in the Asian side are higher in the Bosphorus and prestigious areas. Moving to the eastern areas of the Asian side will allow us to have lower prices in areas such as Maltepe and Kartal. These areas are located closer to Sabiha Gokcen airport. The apartments for sale on the Asian side of Istanbul among the previously mentioned areas represent a good investment opportunity with more affordable prices and located in a newly developing part of the city and easy access to the airport.
Penthouses in Istanbul Turkey are one of the most unique and luxury properties in the city. Penthouses are available in different parts of the city. However, those which are overlooking the Marmara Sea and the Bosphorus are the most expensive due to their location in the heart of Istanbul. These are considered to be one of the modern city center penthouses for sale in Istanbul located in Sisli and Levent areas.
If you are looking for a traditional penthouse for sale in Istanbul, they can be found in Bebek and Emirgan areas. Penthouse in Istanbul usually has panoramic views over the Bosphorus or the sea.
More affordable prices for a penthouse in Istanbul, are more likely to be found in the outer city suburbs such as Beylikduzu, Esenyurt, Bahcesehir areas They have a great city view and some of them offer sea view or lake view located in areas such as Kucukcekmece and Buyukcekmece. These are considered the best properties available for sale in Istanbul in developing areas.
Mansions for sale in Istanbul are considered to be the most expensive in the city. Most of them are located in Sarıyer, Yenikoy. These historical properties were built a long time ago and, considered to be one of the biggest mansions on the Bosporus. They are quite big in comparison with the ordinary properties. Their private usable spaces are estimated at around 3000 to 4000 m2. They were owned by the most important figures of Ottoman History, many of them are being renovated constantly keeping them in perfect condition to provide the unique atmosphere to live in such a beautiful property.
Commercial property for sale in Istanbul can be found in many different parts of the city. Purchasing a commercial property in Istanbul will provide the investors with relatively high profit in comparison with the residential ones.
Many different types of commercial properties for sale in Istanbul are available such as shops, hotel apartments, offices, and supermarkets. One of their remarkable advantages that they are suitable for a long term and stable investment plus, these commercial units are affordable and can be suitable for even relatively small investors.
A large amount of these units are being offered to the investors with a managing party who would be responsible for renting the property and doing the follow-ups with their tenants. These kinds of offers are quite suitable for overseas investors as no managing efforts will be required in this case.
Offices and shops for sale in Istanbul have witnessed huge demand due to the stable increase in their value and the ability to rent them out easily. Their prices are relatively similar to the residential property; location and space are the most important factors in determining their prices.
If you are looking for a commercial building for sale in Istanbul you need to put into account that their prices are relatively higher than the residential ones. But, their return on investment is relatively higher as well. Various options are available for sale starting from a full office block to small or large retail.
The demand for hotel apartments for sale in Istanbul has increased sharply in the last few years as more tourists are visiting the city and families would prefer to stay in a hotel apartment rather than an ordinary hotel.
There are many types of hotel apartments for sale in Istanbul available starting with the smallest 1+1 units till a large 3+1 hotel apartment. Investing in such a property would grant the investor high and stable returns. Plus, most probably there will be a managing partner who would be responsible for renting out the property whereas following up with their tenants. This is a great opportunity for foreign investors as everything is being managed on their behalf in their absence.
Lands and farms for sale in Istanbul can provide the investors with the ability to construct buildings on these lands. It is important though to check the building permission before buying a certain land.
Relatively, limited alternatives can be found in the central areas of Istanbul. Prices have increased sharply after a high demand from developers to buy land and do construction in the city.
Moving to the suburbs of Istanbul more lands for sale can be found, usually in rural areas. Prices are cheaper compared to the central locations as expected.
When deciding to buy a property in Istanbul, several important matters needed to be taken into account before determining which property can be the most profitable real estate investment. We will provide you with some tips to keep in mind when you are about to buy a property in Istanbul;
The first and most important factor is the location of the property. Istanbul is a huge city and there are limitless property alternatives to buy from. There is no ideal location to buy property in the city but, every location is suitable for different purposes. For example, properties located in the city center can be ideal for investors who would like to relocate to Istanbul or use the property as a summer house for themselves. Additionally, the property can be easily rented with an income higher than those located in the suburbs. However, it can be said that the possibilities for value appreciation are limited as properties in the city center nearly reach the peak for their values. Meanwhile buying in the suburbs in the developing areas will grant you higher possibilities for higher value appreciation especially in those developing projects located close to the subway lines which are being constructed by the government. Thus, it is recommended for the investors to set up their preferences and choose the location wisely.
The second important factor is the developer. It is so critical to choose the right developer when buying a property in Istanbul. There are plenty of developers constructing properties in the city. So make sure that you are dealing with a well-reputed developer to avoid any risk of delays in the delivery date, illegal properties without title deeds and low-quality construction without guarantees. Be sure that you check other properties made by the same developer to know whether the developer is trustworthy or not.
Istanbul is considered to be the most important city in Turkey for several reasons;
It is the biggest business and trading center in the country as most of the companies are located in Istanbul.
It is the most important touristic city with its beautiful nature and limitless historical and tourist areas.
Istanbul is the most advanced city in Turkey due to the large and developed transportation networks, its powerful infrastructure and, the advance residential and commercial projects in the city.
Studies have shown an increasing demand for apartments in Istanbul especially, from foreign investors.
Istanbul is expanding massively and many new projects are being built all around the city. The most famous areas in the city center are Sisli, Bomonti, Taksim, Maslak, and Atakoy. And the most famous areas outside the city center are Basin Ekspres, Bahçeşehir, Basaksehir Beylikduzu, and Esenyurt.
Maslak is considered one of the most luxurious districts with high finishing standards. Located in the city center just beside Belgrad forest, many stylish projects are being built in this area providing an elite lifestyle for its occupiers.
The location is very centric and has direct access to the E8 highway. Additionally, the subway line is already up and running in this area.
Bomonti is an area related to Sisli, which is one of the central districts of Istanbul. This area provides a comfortable life for both dwellers of the neighborhood and residents. Projects in the area have a Bosphorus view. Located near to all kinds of public transportation. Mecidiyekoy, Sisli, and Nisantasi are within walking distance. It is also easy to reach TEM highway through Dolmabahce – Bomonti Tunnel.
Basin Ekspres highway is the most important investment area in Istanbul reaching the new airport which is considered as the biggest airport in the world.
As a consequence of opening the third airport in Istanbul, most of the business meetings, and exhibitions will be held in Istanbul. Therefore, there will be a high return on investments within the mentioned area.
Basin Ekspres location is very close to the international exhibition area in Istanbul; the biggest exhibition center namely CNR, is 5 km away.
Basin Ekspres is the only highway that connects four highways in Istanbul which are E5, E6 (Tem), Seaside highway, the new north Marmara highway.
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