BUY APARTMENT IN ISTANBUL
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 choose the right property 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 real estate projects of Istanbul in terms of location, quality, brand reliability and investment potential. Also, in our Buyer’s Guide page and blog page you can find important information and other steps regarding to buy apartment in Istanbul.
Istanbul Real Estate Projects
Out of 250 + real estate projects in Istanbul we narrowed down the most popular and reliable projects for you. In many different locations you can select your property depending on your budget and expectations. You may ask what to consider when you buy apartment in Istanbul? And which area is the best to buy apartment in Istanbul?
Bahcesehir's greatest real estate project is welcoming you. Strada Akzirve Garden Homes Istanbul invites you a unique life with high quality apartments and its prestigious street with restaurants, cafes, banks and shops.
Experience a spacious life in Avrupark Hayat's modern designed and open vision apartments. In Avrupark Hayat each block is located with a open horizon.
A new town is rising in Bahcekent, Bahcesehir. Tual Istanbul is becoming the new landmark of Istanbul with 1610 units, 122 penthouses, commercial units, social areas...
Asmali Bahcesehir open gates to a garden life in Bahcesehir. On 91,000m2 land with 443 units with gardens, your dream of having a garden house becomes true.
Eston Sehir is a town within the city on a 215,000m2 land, 90,000m2 green areas. If you live in Eston Sehir you will be rushing to go back to home everyday.
When you buy apartment in Istanbul, first thing you need to consider is location. Always, 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 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, 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 unit that you buy is worth for the money that you buy. Best way to do this is to compare the m2 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 (studio and 1 bedroom), return of investment as in rental income shouldn’t exceed 240 months. When the apartment gets larger rental income ROIs decrease. Let’s say you decide to buy 1-bedroom apartment for 480.000 Lira, then you must be sure that the apartment’s rental capability is minimum 2,000 Lira.
If you buy an apartment 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 you may want to use a legal assistance in order to follow the steps correctly.
Which area is the best to buy apartment in Istanbul?
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 Central areas such as Sisli, Besiktas, Beyoglu and Sariyer are the most popular locations to buy apartment in Istanbul. Since the m2 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 investment with less 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 bigger apartments, you need to go little bit out of 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.