Given the low prices, the city of Istanbul offers amazing prospects to acquire the best real estate in the world right now. On the Internet, a large number of homes can be found through real estate consultants. People from all over the world would want to live in a neighborhood with several amenities such as shopping arcades, public and private schools, health centers, and safety for going outside at night. Many areas in Istanbul, Turkey’s Capital, are able to offer the above amenities.
What Makes Real Estate Such a Good Investment in Istanbul
An excellent investment option is to buy apartment in Istanbul Turkey. One of the reasons for this is that the city’s prices are quite affordable, particularly for foreign purchasers. Istanbul also provides a high return on investment in the form of rental income, as the majority of the city’s homes may be rented for a year.
Prices in Turkey have dropped dramatically as a result of the new home construction sector and an economic downturn in the real estate market. As a result, investors can anticipate a significant return on investment. As a result, Istanbul is a very appealing place for investment in a permanent dwelling, a secondary residence, vacation homes, flats, apartments, or just as rentals.
Top Places to Buy Real Estate in Istanbul
In terms of geography, the district of Beylikdüzü stands out because of its proximity to the Sea of Marmara and the affordable nature of prices here. The proximity of Istanbul and its environs to both New Istanbul Airport (IST) and Sabiha Gokcen Airport (SAW) via the Marmara has a significant impact on Istanbul property purchases. The following districts can be considered as luxurious neighborhoods in Istanbul to reside:
Buyers will find these as upscale districts that offer a large number of luxury residences. Even the most luxurious neighborhoods here will be quite affordable when compared to similar areas in Europe. New houses have come up in places such as:
For buyers looking at very cheap neighborhoods, here are some examples:
Istanbul as a Bustling Metropolis
Istanbul is an attractive, dynamic, and fascinating city where no one will be bored, regardless of the sort of residence under consideration. The city’s gorgeous and well-known areas offer an excellent quality of life. By purchasing property in Istanbul, you will be able to enjoy a wonderful blend of two continents, as Istanbul connects Asia and Europe.
It is not just Turkey’s most populous city, but also its financial and cultural hub. This metropolis, which is among the top 20 most visited cities in the world, has a population of about 15 million people.
Here are the kinds of amenities that can be expected in homes present in some of Istanbul’s best neighborhoods:
- Steam Rooms
- Basketball Court
- Internal Gardens
- Swimming Pools
- Fitness Facility
- Turkish Bath
- Outdoor Car Park
- Cutting Edge Surveillance Cameras
- 24/7 Security
- Earthquake-resistant Buildings
- Restaurants and Café
Getting in Touch with the Best Real Estate Experts
To ensure that luxurious homes with the best neighborhoods as per desired budget can be purchased, it is important to get in touch with a reliable real estate consultant from Istanbul. There might be plenty of consultants available online, but personal reviews and testimonials go a long way in choosing the best advisors.
At the end of the day, customers will expect to get fair deals from them. Most of the consultants have their own websites, making it easier for users to decipher the quality of their services. Several years of experience and a large portfolio together enable buyers to look at good apartment deals.
While buying the home, it is important for there to be a title deed and all bills such as gas, electricity, natural gas, and water must be paid by the previous owner.
Buying as a Foreign Citizen
Citizens of most countries are allowed to purchase real estate in Istanbul. For the residents of some countries such as Iran, Iraq, and Palestine, it is necessary to get permission from Turkey’s Interior Ministry before buying property. Most of the buyers will see how streamlined the entire real estate buying process in Turkey really is. The exercise here is much more efficient and swifter than citizens in other parts of the world.
The majority of buyers are permitted to have 30 hectares of real estate, with the clause that it shouldn’t be present in a military zone. New buyers are eligible to get Turkish citizenship via investment when they purchase a home of a certain minimum value here.