Investing in real estate is one of the best risk-free investments all around the world. Turkey and specifically Istanbul have proved to be a perfect alternative for such investment. Istanbul’s powerful infrastructure, advanced transportation networks and the rapid development of the city are the main factors boosting real estate investment sharply. We will provide you with a few tips that will help you when you decide to buy an apartment in Istanbul. The property’s location and age are the first to be checked, location is the most important factor that has to be kept in mind when buying an apartment. Istanbul is a huge city with many different alternatives available for sale, it is recommended to buy smaller units in the developing areas to gain the maximum value appreciation during the investment’s duration additionally, small units are easier to be rented and resold in the future. Alongside the location there are two more important issues, the age and the quality of the construction, try to avoid investing in old properties, as the demand and the value appreciation for old properties are way lower than a brand new apartment in a new compound. Buy an off-plan property, buying properties under construction will give investors the chance to gain an appreciation value within a short period. It is important though to choose a powerful developer with a good reputation to avoid the risk of being behind the deadline. Check several alternatives, prices, and spaces for properties changes a lot from one area to another. Try to check different areas and projects to find the most suitable alternative for your preferences.
The location would be the first and most important factor determining the price of an apartment in Istanbul. Properties located in the city center have relatively lower spaces and higher prices. Moving slightly away from the central areas would offer you lower prices and larger units. Quality of the construction, views of the apartment, and the available facilities are also important to determine the price of a certain property. The modern stylish residential compounds have proved to be the most demanded properties among local and foreign investors.
Apartments located in the city center are considered to be the most valuable apartments in the city. Istanbul is an ancient city, and a lot of its properties in the city center are old, however many beautiful high-quality stylish compounds are being constructed in the city center as well. These compounds are located in different areas such as Sisli, Bomonti, Taksim, Maslak, and Atakoy. All of the previously mentioned areas are unique in a different way. Compounds overlooking the Bosphorus can be found in Sisli and Bomonti, these complexes are suitable for investors who would like to enjoy the unique Bosphorus view. Taksim’s compounds are located in the center of the touristic areas, such as Galata Tower and Istiklal Street. Maslak’s complexes are overlooking Belgrade forest, providing its inhibitors with a beautiful forest view and spacious green landscape, yet still located in the center of the city. Atakoy’s complexes are overlooking Marmara Sea, these complexes are suitable for investors who would like to enjoy the sea view without having to move far away from the city center.
Apartments with sea view in Istanbul can be divided into two different types, apartments overlooking Marmara Sea, and apartments overlooking the Bosphorus. Apartments overlooking Marmara Sea located in Atakoy area which is closer to the city center, are considered to be the finest projects overlooking Marmara Sea in Istanbul. More affordable apartments overlooking Marmara Sea can be found in Beylikduzu area, newly built complexes with large spaces and direct sea view. Beylikduzu is a developing area that has a high potential for remarkable value appreciation shortly. Apartments overlooking the Bosphorus are located in the central areas such as Sisli and Bomonti. These apartments are considered to be the most expensive among other properties in the area.
It might seem that old property has lower prices in comparison with those brand new residential complexes. The residential compound has higher demand among local and foreign investors at the same time. Brand new residential projects have a special modern life atmosphere. They have social facilities such as swimming pools, gyms, shopping malls, and restaurants, etc. all of these facilities are available for compound occupiers. Furthermore the security, privacy and the international atmosphere provided by such compounds can’t be found in an ordinary property. Pricewise it can be said that compound prices are relatively similar to ordinary property prices. Overall the value gained in complexes is well worth a slightly higher price. As a result of all of the previously mentioned factors, compounds are considered to be preferred among local and foreign investors.
There are several types and sizes for apartments in Istanbul starting from studio to huge units with 5 or 6 bedrooms. The available units are suitable for all types of preferences. For the same type of unit two bedrooms apartment for example several sizes can be found small units with American kitchen or, large two bedrooms apartments with two different bathrooms and a large balcony. Overall it can be said that most of the apartments located in the city center are relatively smaller than those located in the suburbs.
We have more than 6 years’ experience in the real estate sector. We priorities the investor’s interests, and offer them the most suitable options for their preferences. We have a very rich portfolio with many alternatives all around Istanbul. Our clients are well aware of our high level of professionalism and transparency when it comes to the property consulting.