The property’s location and age are the first to be checked when buying a property in Istanbul. Location is the most important factor that has to be kept in mind when buying an apartment in the city. 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.
Bomonti is considered one of the most fast-developing and centric areas of Istanbul. Its strategic location is significantly important as it is located only 10 minutes away from Taksim area and has easy access to Beşiktaş through the newly constructed tunnel (5 minutes). It has also easy access to Sisli, Eyup, and Kagithane through highly developed autobahns. Osmanbey subway station is only 8 minutes of walking distance from Bomonti area. Additionally, Bomonti area has many hotels, universities, and hospitals, it also has touristic areas such as Bomontiada which is an old beer factory that was renovated to become a beautifully unique place to gather the historical atmosphere with modern cafes and restaurants inside it.
High-raised residential projects in Bomonti area have unique Bosphorus and city views offered for the investors by the most affordable prices in Istanbul. These projects are considered the best alternatives for investors who prefer to have a central location with reasonable prices.
Prices in Bomonti are quite attractive considering the central area, the stylish advance construction, and the best views in the city. All of the indicators are showing a remarkable value appreciation for real estate in Bomonti area. Researchers are predicting that within a few years’ real estate prices in Bomonti will reach the level of the finest and fanciest areas of Istanbul such as Nisantasi and Osmanbey.
Properties available in Bomonti area are divided into two main types. Old properties which were built more than 25 years ago, and newly developed high-raised stylish compounds. It is recommended to buy in these new compounds as they provide a modern lifestyle with many social facilities, large green landscape, and 24/7 security.
Many of these compounds are still under construction this will give the chance for investors to buy with the initial prices and also allow them to go for long installment payment plans. 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.
It is important to take into account that Bomonti is located in the heart of the city center and apartments located in the city center are more valuable and relatively smaller than those located in the suburbs. So if you have a limited budget you need to choose between a small apartment in the center and a larger one in the suburbs.
The range of price per square meter in Bomonti is around 3.300 USD to 4.000 USD/m2 these numbers are quite reasonable for properties located in the city center as prices for properties in Sisli overlooking the Bosphorus are ranging between 5.000 to 6.000 USD/m2.
Investing in Bomonti means having the chance to buy with a 35% lower price than the offered prices for properties in the surrounding areas. Additionally the properties offered for sale in Bomonti area are modern and brand new properties.
Buying properties in Bomonti area means buying a property with very reasonable prices and a very promising future for the whole area. As for the surrounding many hotels commercial facilities are being developed in Bomonti area which is a clear sign for its bright future and rapid development.
Bomonti is a developing area located in the city center which means property prices in Bomonti are quite reasonable and affordable. Most of the developing areas in Istanbul are located in the suburbs meanwhile Bomonti is one of the very limited developing areas located in the heart of the city center. This area is the ideal alternative for investors who would like to buy properties in the developing areas without being forced to go for the suburbs.
Bomonti is a rapidly developing area, countless residential properties, hotels, and hospitals are being constructed in the area, not to mention the tunnels and advanced autobahns linking Bomonti with the rest of Istanbul. It is well known that properties in the city centers are the most important and valuable properties in the city, Bomonti as a central developing area provides investors with a unique chance of buying modern and unique properties with reasonable prices, especially when buying in the residential complexes which are still under construction in the area.
Investing in Bomonti area is ideal for investors who would like to gain a high return on their investments due to its massive value appreciation as it is located in the heart of the city. Investing in Bomonti will also ensure a high demand for rent and resell in the future.
It can be argued that Bomonti is an ideal alternative for all types of preferences unless you are looking for a large property with a limited budget, in this case going for the suburbs would make more sense.
It is always useful to get support from an experienced local property adviser, CCT Investments is well known in the Turkish real estate market for years. Client satisfaction is our main goal in CCT Investments, transparent advisement and professionalism are the most important values for us. Contact us now with your preferences and we will help you finding the most suitable alternatives for you.