In the wake of a recession in the real estate industry and construction of new homes in Turkey Both the cost for business as well as the costs of real estate have decreased in recent times. This provides a wonderful opportunity for investors to invest in properties in Istanbul as well as in Turkey. This is also the ideal opportunity to invest in property in Istanbul.
If you’re in search of an ideal main residence, fantastic houses, secondary ones apartment and flats, holiday properties or just renting out your property, Istanbul is one of the most desirable cities around the globe that you can invest your capital in.
Istanbul is a city that welcomes visitors
Looking to buy a property, apartment or holiday home, or living here, Istanbul is an enticing energetic and vibrant city where you will never be bored. The charming and elegant areas of Istanbul offer a an amazing lifestyle here.
The city is a great blend of two continents, connecting Asia to Europe. This city has the distinction of being the biggest one in Turkey and is also the most important cultural and financial centre. This sprawling city has 15 million people and is an amongst the best 20 of most frequented cities around the world.
The closeness of Istanbul and the areas around it via the Marmara zone to New Istanbul Airport (IST) and Sabiha Gokcen Airport (SAW) is a positive impact on buying a home in Istanbul. New Istanbul Airport (IST) is among the most important airports in Istanbul and around the world.
Where to purchase?
Central city district, and the areas in Bosporus European as well as Asian coasts are home to the most expensive houses, luxurious residences, and residences.
There are many new projects , most of which are built in towers that are high-rise and have restaurants, shopping malls, and numerous other amenities all in one location that attracts potential investors from Turkey.
* Besiktas, Bakirkoy, Kadikoy, Beykoz, Sariyer, Adalar, Uskudar, Sisli, Zeytinburnu and Beyoglu (in order) are among the most expensive districts of Istanbul.
* Bebek, Etiler, Ulus, Fenerbahce, Caddebostan, Suadiye and Atasehir neighborhoods are among the most famous areas in Istanbul and they provide luxury new homes, residents and apartments for sale at affordable rates compared to what found in Europe or in other countries.
* The areas on the outer reaches of Istanbul like Beylikduzu, Avcilar, Sancaktepe, Silivri, Catalca, Sultangazi and Basaksehir (in order) are the most affordable.
The best areas for living in Istanbul
European side
Beyoglu, Sisli, Cihangir, Besiktas, Ortakoy, Sariyer, Bakirkoy, Yesilkoy, Fatih
Asian side
Uskudar, Kadikoy, Moda, Acibadem, Bostanci, Atasehir, Suadiye, Maltepe
The best places to invest in Istanbul
European side
Besiktas, Taksim, Sisli, Bakirkoy, Basaksehir, Beylikduzu, Arnavutkoy (near IST airport), Bahcelievler, Kucukcekmece
Asian side
Uskudar, Kadikoy, Sancaktepe, Cekmekoy, Umraniye, Atasehir, Bostanci, Maltepe, Kartal, Pendik
Cost of accommodation
* Although the median price for a typical 3+1 apartment in Istanbul is approximately 4.500 TTL. It could be reduced to 4.250 TL for 1+1 studios and houses. The prices have increased by 29.02 percent in the past year, and by 400.48 percent over the last 10 years. Also, the typical rental return has been set at 20 years.
* The price for 100 square meters of home bought from Istanbul is between 750,000 to 1,250,000 TTL. The cost per square meter for houses for sale is approximately 11,000 TL for Istanbul 5150TL for Ankara and 9,900 tonnes in Izmir.
* The typical home rental cost for the whole of Istanbul is around 35 TL for each square meter This means that the cost of renting a 100m2 apartment is in the range of 3500 TL to 4500 TL.
* Home rental costs for the cheapest neighborhoods and districts are between 20 TL for each square meter that is, a 100m2 rental price for a flat is between 2000 to 2,000 TL.
* Then it increases to 10,000-15,000TL on the Istanbul city center districts as well as on districts which are home to universities.
Furnished flats cost similar to a cost of %25-30. It is also important to note that price of a home’s rental increases by 30% per calendar year within Istanbul.
* Besiktas and Sariyer districts are the most costly in terms of rental homes with an average rental cost of 7,500 to 9,500 TL. Then comes Bakirkoy with the average price for home rentals of at 6,000 TL and around 5 000 to TL to Kadikoy as well as Beykoz.
Why should you buy?
* Istanbul and the surrounding areas offer a variety of excellent projects that are newly built homes, apartments, residences holiday homes, luxury estates with a mountain views or sea views available for sale at very affordable prices that give investors to make a profit on their investment. The market for property in Istanbul is extremely attractive to investors from across the world.
* The property located in Istanbul ranks among the most desirable in Turkey and buyers will surely be happy living in and investors will be able to take advantage of a wide range of income and rental opportunities.
* Istanbul and the surrounding areas offer the sun, the sea, stunning landscapes and breathtaking views and friendly people. They also offer high value Freehold properties and low costs of living, the possibility of EU accession, and excellent investment opportunities.
* Buying a home in Istanbul is a good investment since the city has affordable prices, particularly to foreign purchasers. The average cost of houses, villas, homes and apartments within the region have increased 100 percent in the past 10 years.
Foreign buyers can profit from the extremely cheap prices for property in Istanbul and the living expenses. Istanbul is also an excellent investment opportunity in the form of rental income, as the majority of the homes in Istanbul have 12 month rent potential.
A further great benefit is the fact that the Turkish Lira has been falling from 1 year ago that means that the main foreign currencies are a little bit higher than the TRY. While the costs of Istanbul real estate have sunk simultaneously particularly foreign investors will gain both times from this point from a perspective.
How do I buy a an apartment in Istanbul?
In the beginning, you must make a decision to purchase a home in Istanbul. If you decide to buy the property for your own use or as an investment. You’ll then need to determine the place that is best suited to your needs in the context of buying a house in Istanbul. Once you have decided on the location it’s your decision whether to locate a reliable estate agent or do the search on your own. The process of buying a property is simple enough to complete all paperwork as well as transactions, payments and get your title deed within a single day at the Land Registry offices.
Potential traps
There are so many new apartments, residences as well as villas Istanbul over the past five years, that there were almost more homes to rent than the residents of the city. Certain of these newly constructed buildings are quite far from the city’s center they don’t have accessibility to public transportation. offers flats at very affordable prices, but may not be considered to be an excellent deal.
You’ll have to pay close focus when you are obtaining details about these locations along with their places of operation and potential from the real estate agents. There are plenty of great bargains in Istanbul which you should not overlook as Istanbul is an excellent city to visit as well as a place to live and provides all the required services and opportunities available to its residents.
