Basaksehir Real Estate
Basaksehir is located on the north west side of European Istanbul, right up to Tem Highway. Basaksehir is between Arnavutkoy, Esenyurt, Avcilar, Kucukcekmece, Bagcilar and Esenler areas. It is one of the most vibrant parts of West Istanbul. Basaksehir real estate market is going up for the last 20 years. Since It is a new urbanized area, most of the neighborhoods are well planned and properties are newer. Basaksehir real estate projects mostly are in Bahcesehir, Basaksehir center, Kayasehir and Ikitelli areas. ...
From the residential areas of Bahcesehir, there are bus and metro facilities to reach the city center. However, Basaksehir has its own central points that meet all the social requirements such as shopping malls, restaurant&café streets, hospitals, universities and sporting facilities. In addition to that, Basaksehir real estate prices are more affordable in comparison with central Istanbul real estate investments. That’s why, the area has become very popular for the real estate investment and living.
Facts About Basaksehir
Basaksehir is one of the medium size areas of Istanbul with 104,33 km2 land area. The population of Basaksehir is 193,000 and it is not considered amongst one of the most populated areas in Istanbul. Bahcesehir, Mall of Istanbul, Ataturk Olympic Stadium, Akbati and Basaksehir center are the pinpoints in Basaksehir. Also, the new Channel Istanbul project which will connect the Marmara Sea to the Black Sea is planned to cross nearby to Basaksehir.
Buy Property in Basaksehir
Basaksehir is a popular location to buy property in West European Istanbul. Properties in Basaksehir, mostly in a large compound with social facilities and greener areas. Bahcesehir, Basaksehir center and Kayasehir are the most preferred locations to buy property in Basaksehir. Affordable square meter prices and high-quality properties in these locations attract investors’ attention. On the other hand, luxury properties nearby the Mall of Istanbul and Akbati Shopping Malls are being more preferred day by day. Buying property in Basaksehir looks like will be one of the best options for those whom wishing a high-quality family living nearby central Istanbul.
Apartments in Basaksehir
Most selling apartments in Basaksehir usually a similar type as in minimum 3 bedrooms in a nice compound. Since Basaksehir is a family living area and square meter prices are affordable, investors usually prefer large type apartments in Basaksehir.
Basaksehir Property Prices
In Basaksehir, there is not a large gap between the same type of properties since most of the projects have similar qualities and facilities. Basaksehir property prices around,
1 bedrooms– 500.000 TL – 700.000 TL
2 bedrooms– 750,000 TL – 1,100,000 TL
3 bedrooms– 900,000 TL – 1,400,000 TL
4 bedrooms– 1,000,000 TL – 1,600,000 TL
5+ bedrooms – 1,450,000 TL – 2,500,000 TL
Apartments for Sale in Basaksehir To find out the best apartments for sale in Basaksehir area or to have a piece of further information you can reach us by clicking here.
Istanbul is one of the biggest cities in the world in terms of population. More than 20 million people live in Istanbul and there are 5,4 million properties in Istanbul. Although Istanbul’s real estate market is one of the most popular and profitable ones, it is also important to buy the right property in Istanbul to have a solid investment. In this website, we prepared different articles and listed the best projects for you in order you to be more accurate when you buy apartment in Istanbul.
In this page, you can find the most selective properties for sale in Istanbul in terms of location, quality, developer reliability and investment potential. Also, in our Buyer’s Guide page and blog page you can find important information and other steps regarding to buying property in Istanbul.
When you buy apartment in Istanbul, first thing you need to consider is location. Always, real estate projects with better locations have more potential for price appreciation. It doesn’t mean that the real estate project that you choose must be in the central Istanbul. Even if you choose a property to buy from somewhere out of central Istanbul, you should evaluate the location as in the distance to the public transportation, main highways or reference points to your own district.
If you are looking to buy property for sale in Istanbul, you probably have a budget limit on your mind. Let’s say you find a property that fits with your budget. However, you should be sure that the apartment that you buy is worth for the money that you pay. Best way to do this is to compare the sqm price with other projects in the same area. Considering the projects’ facilities and location advantages, if the price difference is around +/- %10 - %15 with other projects in the same area, you can be sure that the price you have given is worthy.
Other technique you can use is the return of investment in terms of rental income. For small apartments for sale in Istanbul (studio and 1 bedroom), return of investment as in rental income shouldn’t exceed 240 months. When the apartment gets larger rental income ROIs decreases. Let’s say you decide to buy 1-bedroom apartment in Istanbul for 480.000 Lira, then you must be sure that the apartment’s rental capability is minimum 2,000 Lira.
If you buy real estate in Istanbul from a branded developer or project the risk of encountering the legal problems is very less but it still might be useful to keep it in your mind. What you need to consider is to declaration of the right price to tittle deed office and being sure that the unit allocation is approved (Kat mulkiyeti).
If you will apply to Turkish Citizenship by investment programme, you may want to use a legal assistance in order to follow the steps correctly.
There isn’t one answer for this question. It is all about your expectations. You can find detailed information about the areas in Istanbul in blog article: Where To buy Apartment in Istanbul
Central areas such as Sisli, Besiktas, Beyoglu and Sariyer are the most popular locations to buy apartment in Istanbul. Since the sqm prices are higher in this areas, small apartments are more preferable as in 1 bedroom or small 2 bedrooms. In addition to this, in terms of price appreciation and rental capability small apartments works better in these areas.
If you think of making real estate investment with smaller budget in central Istanbul, Kagithane and Eyup areas can be a good alternative. These areas are recently developing areas and has one of the highest return of investments.
For family living and larger apartments, you need to go little bit out of the central Istanbul. In this case, Basaksehir, Kucukcekmece, Zeytinburnu and Buyukcekmece could be preferred. These areas also have their own centers with shopping malls, markets, restaurants etc. However, if you still want to go to central Istanbul in daily bases, it wouldn’t take you more than 40 – 45 minutes since the distance is around 20-30 kms.
Lastly, if your decision is to live or invest in Asian Side, Kadikoy, Uskudar, Atasehir and Kartal are the most popular areas to buy apartment in Asian side of Istanbul.