Commercial real estate investment in Istanbul

Istanbul is one of the cities that provide great opportunities for investing in commercial real estate. We will present to you the advantages and disadvantages of investing in commercial real estate.

Istanbul is one of the most attractive cities for real estate investors in the world, as it has an important strategic location on the geographical map of the world, and it has a large number of residents and visitors annually as Istanbul is famous for its lively and dynamic commercial markets, which makes it an ideal place to invest in commercial real estate.

Advantages of investing in commercial real estate in Istanbul

If you are thinking of investing in commercial real estate in Istanbul, this city offers great opportunities to get a good return on investment as the commercial markets in Istanbul witness great activity throughout the year, as millions of visitors visit them annually as Istanbul includes the most famous shopping malls in Turkey, such as Mall of Istanbul and Grand Bazaar Mall, in addition to many other commercial centers.

Commercial real estate in Istanbul is characterized by providing a higher return on investment than residential real estate, as investors can rent these properties to companies and individuals at high prices as Istanbul is also witnessing a large population growth, which increases the need for commercial and service spaces.

Istanbul also includes a large number of modern and luxurious commercial projects, such as offices, hotels and hotel apartments, which increases the attraction of investors to this city as Istanbul also provides investment opportunities in other sectors such as industry, export and services.

Methods of investing in commercial real estate in Istanbul

Here are some of the methods that can be used to invest in commercial real estate.

1- Real estate rental: A commercial property can be bought in Istanbul and rented to commercial companies or establishments, such as shops or offices, thus, you will get a stable monthly rental income.

2- Reselling the property: It is possible to buy a commercial property in Istanbul and resell it after a period of time has passed, as you will benefit from the price differences between the buying and selling stage.

3- Real estate development: It is possible to buy a commercial property in Istanbul and make some improvements and developments on it, such as adding new facilities or renewing the decoration, thus, the value of the property will increase and you will get the benefit of increasing its value.

4- Investing in real estate projects: where several commercial units are purchased in a new real estate project and resold at higher prices after the completion of the project.

5- Commercial leasing: A commercial property in Istanbul can be bought and rented for commercial purposes, such as restaurants or shops, thus, you will get a stable monthly rental income.

The best areas for investing in commercial real estate in Istanbul

1- Taksim: The Taksim area in the center of Istanbul is one of the most vibrant and active areas, as it includes a large number of shops, hotels and companies

2- Maslak: This area is considered one of the most important commercial areas in Istanbul, as it includes a large number of shops and companies.

3- Atakoy: This area is one of the most developed areas in Istanbul, as it includes many new real estate projects and shops.

4- Beylikduzu: This area is one of the fastest growing areas in Istanbul, as it includes many new real estate projects and shops.

Steps to buy commercial real estate in Istanbul

1. Determine the budget: You must determine your budget before embarking on the search for commercial real estate in Istanbul.

2. Choose the area: You must choose the area in which you want to buy commercial real estate, and make sure that it matches your business plan.

3. Searching for real estate: You can search for commercial real estate in Istanbul through the Internet, through social media, or through real estate brokerage companies.

4. Visiting the sites: You must visit the sites of interest to you to see the condition of the property and its suitability for your business purposes.

5. Negotiation: After selecting the appropriate property, the buyer must negotiate with the property owner about its price and conditions.

6. Signing the contract: After reaching an agreement between the two parties, the buyer and seller must sign the contract and set a date to complete the transaction.

7. Payment of the deposit: The buyer must pay a deposit to preserve his right to purchase, before completing the property purchase transaction.

8. Completing the purchase procedures: The buyer must complete all the procedures required to complete the property purchase transaction, such as registering it with the Land and Land Registry Department.

Pros and cons of buying commercial real estate in Istanbul

1- The cost of buying and investing: The commercial real estate market in Istanbul is one of the most expensive markets in the world, which makes it difficult for new investors.

2- Intense competition: In Istanbul, there is intense competition between investors and companies, which makes it more difficult to obtain good commercial real estate at reasonable prices.

3- Changes in real estate laws: Real estate laws in Turkey are constantly changing, which leads to instability of the commercial real estate market and increased risks.

4- The difficulty of managing the property: If you have a commercial property in Istanbul, it will need good management to ensure that it is used effectively and achieves the best financial return.

5- Security risks: Istanbul periodically witnesses security incidents, which increases the security risks of commercial real estate in the city.

6- Taxes and fees: The Turkish government imposes taxes and fees on commercial real estate, which leads to an increase in the cost of investment.