How do you find a distinctive property in Istanbul
How do you find a distinctive property in Istanbul? We will learn about that through this article. For more details, keep reading....
Are you looking for a unique property in Istanbul, but don't know where to start? Then this article is the right place for you, the real estate market in Istanbul is wide and constantly renewed, which makes it difficult for you to find the perfect property easily, but do not worry, as we offer you important steps to follow to find a unique property in Istanbul, whether you want to buy a house, apartment, or real estate, so continue reading to find out more.
Advantages of buying a property in Istanbul
1. Istanbul is one of the most important cities in Turkey and is considered an intersection point between the European and Asian continents, enjoying a strategic location that provides excellent investment opportunities and high real estate value.
2. It is witnessing strong and continuous economic growth, and is a destination for many national and international companies and this boosts the demand for real estate and increases your chances of benefiting from the vibrant real estate sector.
3. It offers a wide variety of available real estate types, ranging from residential apartments and villas to commercial buildings and hotels, so you can choose the property that suits your needs and budget.
4. Buying a property in Istanbul is a good investment opportunity and you can rent the property to tenants or use it as investment property to generate a financial return and the high demand for rents makes Istanbul an attractive market for real estate investment.
5. It has a developed infrastructure that includes advanced public transportation, schools, hospitals, and modern commercial centers and this enhances the quality of life and makes it a suitable place to live and invest.
6. It includes many huge projects, such as: the new Istanbul Airport, Istanbul Water Canal, and highways.
7. You can obtain Turkish citizenship by buying a property in Istanbul worth 400,000 US dollars and enjoying the rights of a Turkish citizen.
8. The possibility of obtaining a real estate residency by purchasing a property worth $75,000 and granting it to your wife and children under 18 years old.
9. Through real estate investment in Istanbul, you can obtain a Turkish passport after being granted citizenship.
10. Benefit from the tax incentives offered by the Turkish government to investors wishing to invest in real estate in the real estate sector in Turkey.
11. Istanbul has many tourist areas and monuments, such as: Hagia Sophia Mosque, Galata Castle.
12. It includes many commercial centers and huge malls, such as: Cevahir Mall, Mall of Istanbul, and Venice Mall Istanbul.
13. It contains a vast network of various types of transportation, such as: dolmus, metrobus, tramways, and sea ferries.
14. Possibility to buy an apartment on the Bosphorus and enjoy the tranquility away from the noise of the city.
15. You can buy an apartment in Istanbul in installments and distribute your payments over agreed periods of time.
16. The customs and traditions in Istanbul are similar to Arab customs, which makes you feel as if you are in your country of origin.
How to find a property in Istanbul?
The following are the most important steps needed to find a suitable property in Istanbul:
Determine the budget
If you have a specific budget, this will help you determine the types and locations of real estate that you can focus on, and avoid investing in properties that are beyond your ability to afford the costs and in addition, you can negotiate better with sellers and sellers know that you have certain financial limits, which allows you to haggle over the price and get a better deal.
Setting a budget allows you to properly conduct personal financial planning and you can specify the amount that you can pay as a down payment and the sustainable monthly payment capacity, in addition to the ability to select neighborhoods and areas that suit your budget and meet your housing or investment needs.
Hiring a real estate company
Real estate companies are characterized by having a specialized and professional team that has extensive experience and knowledge of the real estate market in Istanbul and they can provide appropriate advice and guidance about desirable residential areas and active real estate markets, in addition to providing customers with various options and saving time and effort in the search process.
They also have professional negotiators who can negotiate on your behalf with the sellers and get a profitable deal and they have the skills to negotiate price and contract terms to meet your needs and budget and they can also help you deal with the legal and documentation aspects of the purchase process, and they can check the correctness of documents and purchase procedures and advise on the required legal procedures.
Taking field trips
By making field tours, you can see the size, area, design, and maintenance status of the property, and this helps you make an informed decision and you can also evaluate the location and the area in which the property is located, and discover the surrounding benefits and services, such as schools, hospitals, commercial centers, public transportation, etc…., and this helps you determine if the area meets your personal needs and requirements.
In addition to the possibility of interacting with the local environment and local people, you can ask your direct questions and inquiries and get valuable information about life in that area and the experience of living in it and there is no doubt that field tours give you an opportunity to compare the different properties that you visit and you can compare the specifications, features, condition and price of different properties, and this helps you make an informed and appropriate decision.
Tips when buying a property in Istanbul
1. Before you start looking for a property, clearly define your personal needs and requirements and determine the type of property you want (apartment, villa, land, etc.), the required area, the preferred location, and the available budget.
2. Try to visit the nominated properties in person and take field trips to evaluate them yourself, and take a look at aspects such as the location, general condition of the property, surrounding amenities, distance to public transportation, and nearby commercial and leisure facilities.
3. Feel free to negotiate the price and contract terms and there may be room for negotiation with the seller, and it is important that you get a deal that fits your budget and requirements.
The best areas to buy a property in Istanbul
Let's get to know the best areas to buy a property in Istanbul
Basaksehir
Basaksehir is located in the center of Istanbul, on the European side of the city, surrounded by important areas such as Avcilar, Bagcilar, and the famous Kucukcekmece area and it also contains a Taksim area of great importance and the distinguished geographical location of Başakşehir has great strategic importance and attracts investors to the region.
The process of buying real estate has become of great importance, as it contributes to the development of real estate movement and the development of other conditions in the region and the Turkish government offers various facilities to investors wishing to buy real estate in this region by implementing some laws and conditions applicable to them.
Beylikduzu
The area is witnessing an increase in the demand for buying apartments, which leads to an increase in its value and an increase in prices and in addition, Beylikduzu enjoys a strategic location close to important projects such as the new Istanbul Airport and the new Istanbul Water Canal, which enhances its value and attractiveness to investors and the area is witnessing a luxurious and unprecedented urban development, which makes it an interesting destination and contributes to an increase in real estate value.
Common questions
What are the distinctive areas in Istanbul to buy real estate?
Districts such as Beylikduzu, Basaksehir, and Besiktas are popular and desirable places to buy real estate.
What features should I look for in a featured property?
Depending on your personal needs and goals, premium features can include a great view, central location, amenities such as a swimming pool or health club, modern interior design and other facilities.
Is it possible to obtain citizenship by buying a property in Istanbul?
Certainly, you can obtain Turkish citizenship and a Turkish passport by buying a property in Istanbul worth $400,000 and making a pledge not to sell for 3 years.
Related Article:
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Istanbul's earthquake resistant real estate.
Features of residential complexes in Istanbul.
Apartments for sale in Turkey in installments.
A comprehensive guide about real estate residence in Turkey.
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