Shops for Sale in Istanbul

How are the Average Prices for Shops in Istanbul?

Prices for Shops can differ between 5000 to 10000 USD/M2. The reason for this wide range is mainly the location of the shops in the first place. Shops located in the city center are more expensive in comparison with those located in the suburbs. The age of the shop and the quality of the construction also play their role in defining the prices, but the location is considered to be the most important factor among others. Prices for compound shops in the newly developing areas such as Bassin express are quite reasonable and have a very bright future in terms of value appreciation shortly. Prices for shops located in the central areas are higher than those located in the developing areas of Istanbul. Shops located in the suburbs have an additional advantage for gaining value appreciation within a short period in comparison with those shops located in the city center. Central shops have lower chances for value appreciation as they already reached their peak of value appreciation.

What are the Advantages of Buying a Shop in Istanbul for Investment?

Long term rental contracts, shops are being rented on a long term basis. The minimum shop rental contract is 5 years, and the contracts are extended every 5 years. Strong tenants, shops located in the compounds and strategic locations are being rented to the biggest commercial brands in Turkey, this will minimize all the risks involved with the investment process. Punctual payments, since these shops are being rented by powerful commercial brands, there is no risk for these tenants to be behind their payments. High ROI, even though the initial investment cost is a bit higher than the residential apartments, the return on investments when buying shops is far out way renting an apartment with a shorter maturity date for the investment. Stabile investment, when renting a shop you will be dealing with companies and business owners, this will grant more stability for your investment in comparison with dealing with individuals when renting a residential apartment. Easy to resale in the future, the demand for shops from the local and international investors is so high. You can sell your shop at any time in the future and make a remarkable profit.

Where Can You Find Shops for Sale in Istanbul?

It is hard to find a shop for sale in Istanbul’s famous streets like Bagdat, Nisantasi, Taksim, the same can be applied for the already operating malls. These shops are too expensive and rarely offered for sale. Even when you rent a shop in a fully operating area, you have to pay some amount for the current tenant to leave the shop. Shops for sale with reasonable prices can be found in the new projects which are under construction. Especially when buying the shops at the early stages, the best alternatives are still available for sale additionally, the asked prices in the early stages for shops are so reasonable and competitive in comparison with an already operating shop. One of the most important developing areas in Istanbul is Basin Express area, it is located in a strategic location between the city center and Istanbul’s new airport. It is being developed rapidly dude to the subway lines which will reach the new airport passing through this rapidly developing area.

How Can You Buy the Most Profitable Shops in Istanbul?

Try to specify the reason for buying the shop. If this purchase is for personal business, specify the suitable size for the required shop. If it is pure investment try to specify the available budget. This will help you avoiding limitless alternatives all around the city, and focusing on suitable options. Even if you can buy a shop in the city center, try to go for the shops located in the brand new project of the developing areas, as they will grant you higher value appreciation within a shorter period compared to city center shops. Additionally the prices for these shops are affordable and installment plans are also available. Prioritize shops located in compounds, due to their competitive advantages and they are easier to be rented out. Compound shops in the developing areas provide good returns, high potential for value appreciation, and they are offered at reasonable prices. Try to go for shops with local managing partners or, shops that are already rented. This will save you the time and effort related to managing and renting these shops. Always research the developers, their construction history, reputation and the quality of their constructions. Always check the attached fees, such as management fees, maintenance fees, and title deed fees. You need to put these fees into account to avoid any surprises in the future.