Basaksehir Real Estate
Kucukcekmece is Istanbul’s lakeside location which is at the southwest part of European Istanbul. The area is named after the Kucukcekmece Lake. It is a lively location with crowded streets and lakeside facilities. Kucukcekmece real estate investments became one of the most profitable investments for the last 5 years because it has been chosen as the area with the highest price appreciation. Kucukcekmece real estate projects are mostly the newly built ones with social facilities and high-quality interior designs. Mostly, Kucukcekmece real estate projects are located around Basin Ekspres road and Kucukcekmece Lake. ...
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.
Kucukcekmece is one of the medium size areas in Istanbul with 118,45km2 land area. With a population of 674,795, it is a location with high population density. Kucukcekmece has 21 neighborhoods. Kucukcekmece is located between Avcilar, Basaksehir, Bakirkoy, Bahcelievler and Bagcilar areas. Basin Ekspress Road, Arena Park Mall and Kucukcekmece Lake are the important parts in the area.nect the Marmara Sea to the Black Sea is planned to cross nearby to Basaksehir.
Buy Property in Basaksehir RBasaksehir
Istanbul is growing towards the west. After the new residential and financial areas have arisen in the west side of Istanbul such as Bahcesehir, Esenyurt and Hadimkoy, Kucukcekmece became more central. Thus, buying apartments in Kucukcekmece became one of the most affordable investments in central Istanbul and prices started to go up and up. Basin Ekspres road is one of the most popular locations to buy an apartment in Kucukcekmece. In recent years, countless new real estate projects in Kucukcekmece area have been developed around this road. In addition to the residential properties, many business centers and shopping malls opened in Basin Ekspres road. Besides the Basin Ekspres, the lakeside area also hosted new real estate projects and became another preferred location to buy an apartment in Kucukcekmece.
Apartments in Basaksehir
Apartments in Kucukcekmece usually are in the new compounds as in towers or projects with green areas and with certain interior quality. It is possible to find apartments in Kucukcekmece from 1-bedroom to 5-bedroom. Smaller apartments are usually around Basin Ekspress road and larger square meter apartments are in a lake by areas. As well as ready to move in projects, there are also on-going real estate projects in Kucukcekmece that offer investment opportunities.
Basaksehir Property Prices
Kucukcekmece property prices do not show major differences since the real estate projects have similar qualities. On the other hand, the apartments with lake views may be asked for higher prices from the other apartments in the same projects. In general property prices in Kucukcekmece are around,
1 bedroom – 600.000 TL – 900,000 TL
2 bedrooms – 800,000 TL – 1,350,000 TL
3 bedrooms – 1,200,000 TL – 2,000,000 TL
4 bedrooms – 1,500,000 TL – 2,500,000 TL
5+ bedrooms – 2,000,000 TL – 3,500,000 TL
Apartments for Sale in Basaksehir If you want to know more about the apartments for sale in Kucukcekmece and to get the latest offers 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.