Why is it a good idea to buy a property in Istanbul ?
Whether you want to settle or invest in Turkey real estate, and whatever type of property you are looking for from large houses, secondary housing, apartment or just a property for investment, Istanbul is an attractive, exciting and lively city in which you will not feel bored. It is one of the ideal cities in the world to invest in.
Istanbul is an excellent mixture of the continents of Asia and Europe, and it is the largest city in Turkey, as well as the largest economic and cultural center.
This mega urban city is home to 15 million people and is also one of the 20 most visited cities in the world.
What distinguishes Istanbul real estate and what makes it a successful investment?
The proximity of Istanbul and its surroundings across the Marmara region to both Istanbul New Airport (IST) and Sabiha Gokcen Airport (SAW) has a very positive impact on buying a property in Istanbul. Istanbul New Airport (IST) is one of the major airports in Istanbul and also in the world.
We can’t also forget the Istanbul Canal Century Project, which will make a qualitative leap in the Turkish real estate market in general, and real estate prices are expected to rise in the areas surrounding it.
On the other hand, Istanbul has a wide range of wonderful new real estate projects that suit every budget. In addition to new projects, modernization projects also provide great opportunities for the sector as they renovate old residential buildings and offer them for sale so as to guarantee homes and apartments at very affordable prices.
In addition, the Turkish lira's nearly 40% devaluation against major foreign currencies a year ago, makes it a great opportunity for investors to take advantage of this situation. And if we add the pickle of the real estate sector with millions of new built homes, and apartments that have been waiting for potential buyers for two years with lower prices,
There is also a lot of properties that has not been sold during the last period due to the Corona pandemic and the lockdown
Therefore both companies and locals are involved in the mortgage financial chain, which means that they are in a hurry to sell their property. This means that you can get a good deal when buying a property in Istanbul.
Important points before you buy a property in Istanbul
When you want to buy a property in Istanbul, we advise you to give yourself several months to make the right decision about the ideal property that will be the best investment for you.
Most foreign nationals are allowed to buy property in Istanbul, however, it is wise to check with your consulate first before making your decision.
Make sure to use a well-known and licensed real estate agent in Turkey to help you find your request and complete the purchase without problems
When inspecting a potential property, make sure the home has a title deed and that the water, natural gas, telephone, and electric bills have been paid by the previous owner. You should also ask if the structure is earthquake resistant,
It is also important to note that everything relates to the property, as well as the area around it
Istanbul neighborhoods are different from each other and the price range also varies greatly according to the region, so it is better to take a city tour in order to decide where you want to buy a property in Istanbul that matches your goal, whether it is living or investing
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