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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.