Buy a property in Istanbul
Turkey had become one of the most countries that attract foreign investments. Because of its strategic geographic location and it has many investment opportunities especially buy a property in Istanbul
Some investors are interested in working in the trade sector
Others turned to the industrial sector; The Arab investor prefers to invest their money in real estate market. Especially, in buy property in Istanbul.
This is because Istanbul is considered the capital of tourism and economic in Turkey. tourists who used to visit Istanbul, preferred to buy property in Istanbul to spend holidays in apartments or villas they had own.
Buy a property in Istanbul:
When you decide to buy a property in Istanbul You have to take several steps to facilitate the purchase process.
We are in Homes and Beyond show you the most important tips that will help you choose the right property.
Important Tips to buy a property in Istanbul:
A successful buying process begins with the perfect real estate advise, through which the purchase objective (housing, investment) is determined.
The consultant provides you with the available options according to your request and budget that was monitored for buying a property. The real estate consultancy provides you an overview of the vital and strategic locations in the city and about the best areas for living and others suitable for investment. The choice of good location is one of the most important reasons for making your choice successful.
if your goal of buying a property in Istanbul is to investment, you must choose the property in a new area in process of growing and development. the prices of properties in new district are cheap compared to other areas, so you pay less than you would pay in property in other area. It also provides you a high profit return after several years, when the area has qualified completely. As for you are looking for apartments for sale in Istanbul for an investment that will return you a monthly profit through rent. You have to focus on the vital areas, which are closest to universities and shopping mall and where there is rapid transportation like “metro, metro bus”. These factors make your apartment rental opportunities faster and provide a high profit return.
If you want to make a guaranteed investment, we advise you to buy home office and shops. whereas These properties are distinguished by their strategic locations in commercial areas. Which make it more wanted from the apartments. Beside It provides a high profitable return on a long-term rental contract.
in other hand, we advise you to buy a property in Istanbul hotel apartment type, as the hotel apartments system is quick to rent, and most of the construction companies for hotel system, give a rental guarantee for several years with a high profit return.
Buy a property in Istanbul for Residence:
if the goal is to buy apartments in Istanbul for living, we recommend you to choose the location which is away from crowding, central and tourist areas.
We recommend Başakşehir district, which is characterized by its modern urban style and the vastness of its green spaces.
The compounds in it overlook the green valley of Başakşehir, and this area is one of the most vital areas for housing, where universities, hospitals and shopping malls are spread, and it is served by transportation lines that connect it to all areas of Istanbul
if you prefer to buy property in Istanbul by sea view, you have to buy a property in Beylikdüzü, the “Bride of the Sea” which overlooks the Marmara Sea from every direction, and is one of the best residential areas for foreigners and locals in Istanbul. Also, the prices of properties in this area are well thought out and reasonable.
if you want to buy a property in istanbul to obtain Turkish citizenship
We advise you to buy a property in istanbul under construction, this is because one of the conditions for granting Turkish citizenship is that the property is not resold until after three years have passed. In this case, the investor can take advantage of this condition until the construction work is completed, and he resells the property and achieves high profits, ranging between 35-45% of the property value.
Steps you have to do before buy a property in Istanbul:
- Focusing on the area of the apartment. The apartments in the 2 + 1 and 3 + 1 type are the fastest selling and renting. The apartments in the 1 + 1 type are renting opportunities.
- Avoid buying an apartment on the first or last floor, focus your choice on the middle floors, as they are more profitable in selling and renting.
- the annual profitability returns in Istanbul, for example, ranges between 6-10% and rises in the case of tourist rental.
- The focus should be on the property area and the services available in it from the transportation network and infrastructure, as these are the most influential factors in increasing the annual profit rate.
If you are interested in buy a property in istanbul, we are in Homes and Beyond group present to you more than 200 projects in Istanbul. To start your first step all you have to do is contact us.