How to buy a property in Istanbul 2022 - 2023
Last Updated: 2023-07-27How to buy a property in Istanbul 2022 - 2023
The city of the two continents, the capital of beauty, who among us does not know Istanbul, as each of us has a wish to visit it and wander its streets, standing on the Bosphorus Bridge and visiting Yildiz Palace have become life goals for many.
Istanbul is a city that attracts many to buy and reside in it for several reasons, such as its privileged location, its calm and diverse climate with the diversity of its areas and terrain between the sea and the mountain and the picturesque nature, as well as its huge commercial and investment projects.
If we think about living in this city, we have to realize that it is not that easy, so we must ask ourselves the most important question. Where?
In the beginning, you have to decide the area in which you want to reside, as Istanbul is very diverse in its areas, including areas of commercial activities and crowded markets, where the hustle and bustle of life and the rich labor market, and even doing several recreational activities and it is known that it is the commercial and economic capital of Turkey, and the cost of buying a property in it is more than others, but on the other hand, it is a profitable investment through the facilities provided by the state, as well as thanks to globalization and openness to the world, as Istanbul's commercial line is linked to many countries, and this This opens the door for you to find more job opportunities, and you can also choose a suitable place to live close to your workplace so that you do not take much time in car traffic, especially at peak time, but we must mention here the diversity of transportation in Istanbul and its openness to the world's airports, making it easier for you to move inside or outside the city.
If you are looking for comfort and relaxation, the countryside of Istanbul is very suitable for this!! Start your free space and unleash yourself by visiting Shilla Willowa, to enjoy its picturesque nature and the mix of the sea and mountain, in addition to the many activities that you can do such as swimming, camping safari and diving in the depths of the Black Sea. Complexes and other countryside of Istanbul allow you to search for a property that suits you in terms of location and income.
The most important areas in Istanbul
Fatih:
Fatih Istanbul is a historical incubator for many civilizations and cultures that have passed through it in the ages of history, as it has historical and cultural backgrounds that are unparalleled among other regions, in addition to that, it is considered the tourist and commercial center in Istanbul
Basaksehir:
One of the quietest and most prestigious areas in Istanbul, in which there are several high-end residential projects and includes the largest hospital in Turkey
Beylikduzu:
It is the fastest growing area in Istanbul, where house sales are accelerating, especially by the so-called collective housing, expectations
indicate that this region will achieve many developments in the future in terms of building and selling real estate from houses and lands
Arnavutkoy:
The residents of Arnavutkoy benefit from the advantages of the third bridge in Istanbul and also benefit from the new airport in Istanbul by raising their real estate sales shares day by day.
Uskudar:
It is a dense area of Istanbul with about half a million people It is one of the oldest residential areas in Istanbul with busy shopping areas and restaurants that serve very traditional dishes that are unique in the region
Kuzgunjuk:
It is a colorful neighborhood in the Asian-influenced Uskudar district It is separated from the rest of the city, making it a quiet neighborhood full of ancient houses and nature reserves. It is very different from the rest of Istanbul, making it a must-have place for tourists and a unique place to stay.
Urbaniya:
The largest neighborhood in the Asian part of Istanbul with a population of 650,000 people, it includes 7 municipalities and is characterized by beautiful landscapes and modern design.
As for the next question to buy a property, how to reach the right property?
Here you should look between projects and investments that provide you with many services if you intend to buy or rent in proportion to your monthly income and financial condition, as well as with your choice of the situation you request, whether it is developing your commercial and practical activities, or getting some rest.
The next step to buying a property is to choose your real estate agent or a reliable and guaranteed real estate company, as we hear a lot about people falling victim to unreliable people
Important Tips Appropriate cost: A universal rule that helps determine affordability is that monthly housing expenses should not exceed 30% of the value of total income.
Rental Yields: If you want to turn your home into an investment property in the future, it is important to assess whether the expected rental income is right for you.
High Quality The age of the property is one of the important points that must be taken into account when buying If you choose to buy a secondary property, we advise you to pay attention to the technical condition of the property and the maintenance or renovations that it may need. If you want to buy an off-plan property, you should pay attention to the reputation of the developer of this property.
Property Size: The number of family members plays an important role in determining the area of the property as well, especially if you plan to increase the number of family members in the near future, or you want to provide a spacious backyard for your children
Plan formatting: Room sizes vary in properties, which makes it important to evaluate property plans. The property must meet your preferences for open or spacious living spaces or larger bedrooms.
Now think about choosing the design you like, do you want it classic? or modern?
Here you will receive support from real estate companies responsible for finding the most suitable for you in this city, searching by area, buildings and streets, and do not forget that Istanbul is very diverse with its different buildings and designs.
As for the costs, in the beginning you have to pay the so-called "Depozet", which is considered a deposit for reservation, moving to the initial payment and then the transfer of ownership fees, which are often our responsibility as a procedure that we facilitate its steps for our customers, then the rest of the expenses such as insurance, disaster protection, and the costs of the property itself, knowing that if you own a property worth $ 400,000, you will directly obtain Turkish citizenship, provided that the property is not sold before three years.
Start your search, and hurry up to reside in the city that gives you a worthy new life!
Editorial Mersat Real Estate Team©
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