Buying property in Istanbul 2020… get to know the areas and prices
Finding the most affordable city in Turkey to purchase property is today one of the most important questions, and if you intend to purchase an investment property in Turkey then you should know enough about the neighbourhoods, cities and areas in Turkey or the most affordable cities in Turkey for buying an apartment or a house.
The Turkish government has set up special measures to maintain affordable rates for real estate as well as houses in Turkey and other cities to draw new immigrants to the country.
Statistics show that about 48% of foreign investors who come monthly to Turkey go towards this city in search of promising places for buying property in Istanbul, Turkey, for the purpose of housing or for investment.
About buying a property in Turkey?
The Turkish real estate market is competing with counterparts in some of the largest nations of the world. This competition is due to the vitality and the legislation of the Turkish real estate market that has facilitated the purchasing and selling of property.
Another important reason is about new laws in Turkey. These laws have played an important impact on the development of this market. Furthermore, Turkey has a stable economy and the value for real estate within the country is a result of the economy. Also, the cost of real estate has not risen or fallen dramatically.
Benefits of buying a property in Turkey
In exchange for real estate, you can obtain Turkish citizenship.
Obtaining a Turkish Residency Permit
Real estate is less expensive than in Europe.
Excellent return on investment
Social environment that is conservative
Lower living expenses
Turkey's natural beauty and mild climate
Advantages of buying a property in Istanbul
Istanbul has maintained over the past years its position at the top of the rest of the regions in terms of sales and buying a property in Turkey.
Buying a property in Istanbul is one of the best real estate investment opportunities compared to others due to several factors we mention among them:
The diversity of apartments for sale in Istanbul and its acquisition of great investment importance.
The geographical locations of the most promising real estate areas in Istanbul are what make buying a property in Istanbul.
Many real estate projects in Istanbul take advantage of the government guarantees feature, which makes the process of buying a property in Istanbul guaranteed and quality and delivery date.
The diversity of real estate projects in Istanbul includes many modern residential complexes that provide its residents with opportunities for luxury and well-being.
The prices of apartments in Istanbul are among the highly competitive prices in the real estate market, which are increasing day by day, thus ensuring the investor great profitability returns.
Therefore, we can claim that Turkey is among the most desirable real estate destinations across the globe for purchasing properties, shopping, and living.
The cost of buying a property in Turkey
The cost of a house in Turkey is dependent on the neighbourhood, city and location, as well depending on the amenities and area.
If you are looking to buy a home in Turkey, you must be aware of the prices for homes as the price of housing in Turkey varies widely.
Additionally, The Turkish government has managed to manage land prices in a way that is balanced through the division of land, the cost of apartments is lower than in other countries and within the most costly cities, because of the residency rights that Turkey is granted to citizens of other nations.
The minimal cost of purchasing property in Turkey is among the most crucial questions we plan to tackle in this article.
In Turkey, a new two-bedroom apartment with an area of 110 meters may be purchased for one million three hundred thousand liras and rented for 3500 thousand liras per month.
Buying a home in another city in Turkey
When it comes to buying a property in Turkey, the situation is nearly the same throughout the nation. Ankara, Istanbul, and Izmir are three places where you may rely on a bank loan to acquire affordable real estate in Turkey.
Buying a property in Ankara
Ankara, with its educational facilities and inexpensive cost of living, is one of the greatest places to live in. Because Ankara is not a tourist or commercial city, it has a distinct calm and luxury of life.
Buying a house in Izmir
When it comes to buying a house in Izmir due to the fact that it is a city along the coast that has a stunning natural beauty and a rich past It is extremely popular for tourists.
The Mediterranean climate attracts many people from other nations to purchase houses in the area.
The average cost in Izmir 3036 is $336. The median price per square meter of Antalya is 2,101 lire and the average cost of Konyaalti, which is considered to be the priciest region in the city, is 3,214 liras.
What is the average cost of buying a home in Turkey?
The cost per square meter of the Beylikduzu district of Istanbul is 2,646 Liras. It is considered to be one of the top locations for investing in real estate in Turkey, even with its low cost. Beylikduzu district stands out due to its modern urban amenities and stunning aesthetics.
A Map of the best areas for buying property in Istanbul Turkey
There are many areas that are given priority by construction companies in building real estate projects. Istanbul has shifted its four directions in recent years as poles for housing and investment.
We have chosen for you some of the most popular areas by investors and the actual best for investment In terms of luxury and profitability:
Buying a property in Kucukcekmece
One of the most competitive real estate in the Istanbul real estate market is the real estate of Kucukcekmece.
This region is located in the western side of the European side of Istanbul, close to the Sea of Marmara, which makes it one of the most tourist attractions.
It approaches the vital roads E5 and TEM in addition to Ataturk Airport which will turn into the largest Garden in the world, as it includes many shopping centers, luxury stores, industrial and cultural centers, hotels and infrastructure facilities.
Buying a house in Beyoglu
Beyoglu real estate is suitable for those looking for sophistication when buying property in Istanbul, especially as the area is close to the historic Fatih area, and it includes many famous attractions and places in Istanbul such as Taksim Square and Galata Tower and its richness in various types of transportation, such as the tramway.
Living in the Eyup region is matched by all standards of comfort and luxury due to the availability of transportation such as the metrobus line.
Eyup real estate is famous for its proximity to distinctive tourist attractions such as the Eyup Sultan Mosque. In addition,there are many luxury restaurants and popular markets that sell various types of artifacts and fabric of an Islamic character.
Properties in Atasehir
The properties of the Asian side of Istanbul, in turn, are of great importance, such as the archaeological Atasehir, close to the Bosphorus Bridge, where buying property in Istanbul, means the proximity to luxury villas, gardens and many entertainment centers.
Ataşehir is distinguished for becoming a new center of finance and business in Istanbul, as it includes the Turkish Central Bank and many high-rise towers.
Buying a property in Esenyurt
Esenyurt real estate is almost present in all offers for buying property in Istanbul as the region has turned into the most promising places adjacent to other regions that attract many investors such as Avcilar, Beylikduzu and Bahcesehir.
The investor in Esenyurt will ensure that the property is close to the TEM and E5 highways
In addition to the famous Torium Mall, the fairground of Tuyap and many parks and green spaces that form spaces suitable for children playing and holidaying for families.
Esenyurt has gained the attention of the urban transformation zone in Istanbul the interest of many foreign investors and so they became a majority in it.
Purchasing a home in Zeytinburnu
Buying property in Zeytinburnu is one of the most successful options for several reasons, including the fact that the region is considered a museum open to the open air due to the diversity of its historical monuments and its charming view of the Marmara Sea.
Zeytinburnu is known as Istanbul transportation node, as it is one of the few regions that collect all types of transportation.
And the successive civilizations of the region of Zeytinburnu led by Byzantine and Ottoman, and this is evident in the number of mosques and churches that contain it.
Among the most popular real estate located in the heart of the green areas, valleys, streams, and singing nature are Bahcesehir properties that Turkish VIPs head to, as it contains many vital areas and major facilities such as hospitals and also occur on the road leading to Istanbul Airport.
Property ownership in Başakşehir means investing in one of the largest areas and most serviced in view of the volume of advanced transportation in it , hospitals and universities, culture houses, shopping centers, Ataturk Stadium and many other facilities.
In general, these areas and others are witnessing a steady increase in the prices for buying property in Istanbul in general, which is a result of the huge interest that the Turkish government gives to it by building more infrastructure, transportation and shopping centers.