The real estate market in Istanbul is the best choice for investors
Last Updated: 2023-12-06
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The real estate market in Istanbul is the best choice for investors
Istanbul has special specifications, as it combines multiculturalism, the beauty of nature, a distinctive geographical location, and economic strength, thus being a destination for millions of tourists and investors wishing to buy a property in Turkey.
Istanbul is one of the most populated European cities with an estimated population of more than 15 million people, and due to the rapid population growth in it and the increase in demand for real estate in Istanbul, it has become one of the most important real estate investment destinations in the world.
Istanbul receives a lot of attention in terms of infrastructure development, as the length of its metro tunnels is 1.023 km, and it also includes many major projects.
Villas for sale in Istanbul
Villas in Istanbul are available in several types, villas are available in modern residential complexes, which are often located on the outskirts of the city such as Beylikduzu and Büyükçekmece, where there are villas within high-end and modern complexes, and there are villas for sale in Istanbul designed in the old Ottoman style, which are characterized by tradition and originality, and finally let's talk about the most luxurious types of villas , those overlooking the Bosphorus in the center of the city, which are high in price due to their location and unparalleled magnificent view, which attracts the rich and famous from different countries of the world.
Apartments for sale in Istanbul
When deciding to buy an apartment in Istanbul, you will have many options, as there are more than 450 new residential projects in Istanbul in various areas of Istanbul, for example: Basaksehir, Bahcesehir, Fatih, Zeytinburnu, Beylikdüzü, Esenyurt and many other areas
Some of these projects are ready, others are under construction, and this is what helps you search and choose the best suitable property
Residential projects vary in several ways according to the region, according to the services provided, and the means of transportation available near the residence, and the main factor to determine the price is the location, the price of a small apartment in the center of Istanbul may be equal to the price of 4 apartments, but in the western part of Istanbul, 30 km from the city center.
Offices for sale in Istanbul
Offices for sale in Istanbul are available in the most prestigious residential complexes and in the most important vital centers such as Sisli, Maslak, Basin Express Street, Wini Bosna, Fatih, and other commercial places that are the main artery in the city.
The investor can buy his office within the finest commercial complexes to open his own company, and these complexes provide protection around the clock and additional services that provide comfort for businessmen.
The investor can buy his office within the finest commercial complexes to open his own company, and these complexes provide protection around the clock and additional services that provide comfort for businessmen.
Shops in Istanbul
Istanbul is the economic capital of Turkey, and when talking about shops for sale in Istanbul, we are talking about very wide bounties for trade and investment, and Istanbul receives more than 12 million visitors annually in addition to 15 million who live in it, and this is what drives investors to choose to invest in Istanbul real estate.
There are several types of shops shops
for sale within large shopping centers, such as malls, and the investor can buy a property in these centers and then invest it himself within his commercial field, which provides an ideal location for work and high income according to the nature of the crowded shopping centers in Istanbul, and the investor can buy a property in Istanbul and then rent it to one of the famous brands such as restaurants such as Burger King or Pizza Hot or clothing stores such as Zara, Adidas, Polo and many others within Decades spanning years.
Shops within residential complexes or small markets, which provide the advantage of living near work, most residential complexes provide shops and shops for sale, the investor can operate the shop himself or rent it to one of the small and medium commercial companies that are abundant in Istanbul.
Real estate prices in Istanbul
Real estate prices in Istanbul in general, including Istanbul, are competitive prices when compared to their counterparts in the rest of the European countries, and real estate prices vary individually according to the specifications of each property, its quality and its special location
Due to the fact that investors are taking advantage of real estate opportunities in Istanbul, we find a noticeable escalation in real estate prices due to the proximity to public transportation and main roads.
Due to the importance of Istanbul at all levels of life, and the influx of residents and tourism and investment movements to it increasingly, most of the properties in it are close to the main roads, and public transportation reaches them
Quality and efficiency in Istanbul real estate Istanbul
real estateis built with the finest types of building materials, and using the latest technologies in construction methods, and this raises customer confidence, and increases the sustainability and strength of real estate.
Real Estate Diversity
Istanbul is a state full of various human activities, in which various types of real estate are scattered, from residential and hotel apartments, houses, hotels, lands, shops, and villas.
Due to all of the above combined factors, Istanbul is a fertile ground for various forms of real estate investments,
investors of different nationalities are racing to invest in Istanbul, which is full of profitable activities, taking advantage of the Turkish government support for Turkey's real estate, and one of the most important things mentioned in this regard is the Turkish naturalization law in exchange for real estate investment, and tax reduction.
There are many ways to invest in Istanbul, you can buy a property and resell it, after a period of time, or you can buy a property, and invest it by renting it or making it a center or institute, and there are several projects such as restaurants, cafes, resorts, and shops.
Real estate companies in Turkey carry out the task of organizing various investment movements and operations by organizing real estate offers and organizing investment steps.
investors of different nationalities are racing to invest in Istanbul, which is full of profitable activities, taking advantage of the Turkish government support for Turkey's real estate, and one of the most important things mentioned in this regard is the Turkish naturalization law in exchange for real estate investment, and tax reduction.
There are many ways to invest in Istanbul, you can buy a property and resell it, after a period of time, or you can buy a property, and invest it by renting it or making it a center or institute, and there are several projects such as restaurants, cafes, resorts, and shops.
Real estate companies in Turkey carry out the task of organizing various investment movements and operations by organizing real estate offers and organizing investment steps.
Areas where the prices of Istanbul real estate have increased
- The areas near Istanbul's new airport are the most fortunate, as their prices have reached more than 116% of those areas surrounding the airport.
- Areas near the two highways, Basin Express and North Marmara.
- In Basin Express, prices increased by 300% in two years.
- The Chalca area, where real estate prices have increased in just two years, about 16%.
- In an urban area on the Asian side, real estate prices increased by about 4%.
- Among the areas that are candidates for an increase in real estate prices are: the new Esenyurt area and the Silivri area on the European side of Istanbul.
Major projects in Istanbul contribute to raising the value of real estate
Istanbul's Third Airport
Istanbul's new (third) airport, whose foundation stone was laid by Turkish President Recep Tayyip Erdogan in June 2014, is one of Turkey's mega infrastructure projects and will be the largest airport in the world when all stages of its construction are completed in 2023.
The total cost of the project is 23 billion and 399 million euros, of which 10 billion and 247 million euros are the cost of construction without operation, and it is located near the Black Sea on an area of 7659 hectares, and contains 165 bridges to receive passengers, and a railway to connect all sides of the airport.
The new airport includes six runways for landing and take-off of aircraft, three electronic and technical control towers, eight control towers, and a parking lot that accommodates 70,000 cars, and will provide a preview garage for 500 aircraft at once.
The new airport is expected to contribute 4.9% of Turkey's gross domestic income by 2025, along with $ 79 billion additional profits, as well as that it will provide more than 100,000 jobs after its operation, and the airport contains a radar to monitor bird movement, which is the first in the world to contain such a radar, and employs six ornithologists in order to reduce the potential impact of birds on air traffic to the lowest possible degree, and manage air traffic with the highest degree of effectiveness.
According to the airport's operational plans, it is expected that Istanbul's third airport will take over air traffic and passengers at regional and international airports, including: Dubai Airport in the Middle East, Frankfurt in Germany, and Heathrow Airport in Britain, by virtue of its strategic location linking the east of the globe with its west, north and south, and is scheduled to control air traffic in the three continents of the world; Asia, Africa and Europe.
The Turkish government says that the new airport will change the course of economic and development events around the world, with its greatness, magnitude and service capabilities, and this contributes to transferring global money balances to Istanbul, thus achieving its vision of making Istanbul the largest financial, economic and commercial center in the region.
The Istanbul Canal
"Istanbul Canal" project is one of the most prominent major projects in Turkey, scheduled to open in 2023, and has been described as a "crazy project".
The route of the Istanbul Canal will start from Lake "Kucukcekmece" in Istanbul to the Sea of Marmara, and continue north through the "Sazli Dere" dam, and then reach the Black Sea east of the "Tertus" Dam in the village of "Doroso" in the "Çatalca" area of Istanbul, and the length of the canal will be 45 kilometers, a width of 400 meters and a depth of 20 to 25 meters, and 6 bridges will be built over it and a new city will be built on both sides of it.
It is expected that the cost of building this canal will reach ($ 16 billion), and it is estimated that it will generate about $ 8 billion annually when it is opened, and these expected revenues will contribute to compensating Turkey for $ 10 billion deprived of it due to the reduced traffic prices for ships crossing the Bosphorus, according to the Montreux Convention signed in the Swiss city in 1936 to regulate navigation in the Turkish straits and waterways.
According to Turkish statistics, an average of 137 cargo ships and 27 tankers are scheduled to pass daily with commercial cargo weighing up to 150 million tons that will cross the canal, as well as the construction of three islands from the excavation of the new Istanbul Canal, which is estimated to have a volume of 2.7 billion cubic meters.
The Turkish government says that the project will produce new areas capable of attracting residents and relieving pressure on the Bosphorus, which divides the city into a European part and an Asian part, and is one of the most active shipping routes, and seeks to reduce the damage caused by ships carrying hazardous materials, as well as removing random buildings located on the track, and establishing new cities, which means new investment opportunities, which enhances Istanbul's progress to become a global economic center.
Artificial offshore islands
Turkey plans to use the excavation soil of the "Istanbul Canal" to establish artificial islands in the Sea of Marmara (at least at the entrance and exit), as well as to build recreation areas.
The Turkish Ministry of Transport, Communications and Maritime Navigation is directly supervising the progress of the project, in cooperation with the Turkish Department of Reconstruction.
It is planned that recreation centers and entertainment venues will be built on top of the islands, and other projects such as luxury apartments and restaurants on the banks of the canal, and the islands will be highly serviced in terms of cruises and boats so that these islands are easily accessible and back to the city center.
Bridges and tunnels in Istanbul
Yavuz Selim Bridge is the third bridge in Istanbul to cross the Bosphorus with a length of 1.4 kilometers, and is the longest railway suspension bridge in the world.
Istanbul includes the Marmaray Tunnel, which is 13.6 km long, it was built at a depth of 60 meters under the sea, and shortens the journey time between the two parts of Istanbul in the Asian and European continents to only 4 minutes
In addition to the Eurasia Tunnel, which is the first car tunnel to pass under the Bosphorus, which shortened a huge time of car journey between the Asian and European sides of Istanbul.
Istanbul is considered an exceptional investment option in the real estate market, as it combines history and modernity and is distinguished by its cultural and natural diversity. Whether you are looking for a luxury apartment in the heart of the city or a quiet home overlooking the sea, Istanbul offers multiple options to suit the needs of different investors.
To make the best use of Istanbul's booming real estate market, you must work with a professional and reliable team. We, in the Marsaat Real Estate team, offer you the best real estate offers and guarantee the provision of the best services specifically designed to meet your needs, whether it is real estate residency or Turkish citizenship.
Contact us now to benefit from our experience and professional guidance in the real estate market in Istanbul. Let us be your partner in achieving a successful and safe real estate investment in one of the most attractive cities for investors in the world.
To make the best use of Istanbul's booming real estate market, you must work with a professional and reliable team. We, in the Marsaat Real Estate team, offer you the best real estate offers and guarantee the provision of the best services specifically designed to meet your needs, whether it is real estate residency or Turkish citizenship.
Contact us now to benefit from our experience and professional guidance in the real estate market in Istanbul. Let us be your partner in achieving a successful and safe real estate investment in one of the most attractive cities for investors in the world.
Editorial Mersat Real Estate Team©
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