Real Estate Investment in Istanbul

The Turkish economy is the 16th in the world and the sixth biggest economy in Europe. This is an important incentive for investment and property purchases in Turkey in general and Istanbul in particular, such as land, farms, apartments, villas, hotels, buildings, shops, offices, stores and various types of residential, commercial and investment properties.

On the other hand, The Turkish economy is booming, with prospects for a faster growth rate than most of the world’s economies, attracting nearly $ 15 billion a year in foreign investment, not to mention local investment.

Investment properties in Istanbul

Property prices in Istanbul have increased recently, so real estate has become an important investment tool in 2017 and 2018. Over the last ten years, property prices in Istanbul have risen by nearly 100 percent.

When thinking to look for investment properties in Istanbul, it is not recommended to focus on the high-priced areas of major cities, but it is advisable to go to developing regions and under real estate development within the cheapest areas to buy an investment property in Istanbul.

It is also necessary to research and investigate the reliability of the real estate company or the real estate broker before buying the property, and to check the price offered and specifications of the property, and to ascertain the technical issues related to the property in all respects, in addition to the legal situation and the form of registration in the register of real estate records.

What are the most important tips for choosing a property to invest in Turkey?

First: Properties under construction: This is because real estate prices in Turkey are very different if they are ready or under construction.

Second: Residential and commercial properties in Istanbul investment areas, which are booming and growing up with a strong urban movement, can be grown and rising constantly and a large difference, contrary to the stable and full areas.

Third: the real estate agent must be a consultant. You must choose a real estate broker with experience and reliability in Turkish real estate. It helps you choose the investment property that suits you best in Turkey so that the investor does not mistake the choice.

Investment apartments in Istanbul

Apartments prices in Istanbul has increased significantly in recent years, so apartments have become an important investment, but the option of searching for investment apartments in Istanbul is one of the most profitable options, and the rate of increase in apartment prices during the last ten years in Istanbul reached 100 percent.

What should you pay attention to while buying investment apartments?

– The purchase budget allocated for the desired investment apartment must be determined.

– Don’t think of residential bank loans with added benefits when purchasing apartments of this type, the high-interest rates, which are often equal to or more than the expected investment profit, may also cause difficulties in paying regular installments, which may be resulting additional sanctions.

– It is also important to note that the amount allocated for the purchase of the investment apartment, is supposed to be a surplus of the basic needs of the owner, out of caution, there may be a loss if the investor suddenly had to sell, and the same sales are difficult to implement quickly.

– It is also important to investigate the reliability of the Real Estate Company or real estate broker before buying, check the price offered and specifications of the apartment, and also check the technical matters relating to the apartment in all respects, in addition to the legal status and the form of registration of real estate records.