What are the types of real estate in Istanbul according to the age of the building?
Last Updated: 2023-07-27Types of real estate in Istanbul
Istanbul real estate is a source of attraction and attention for many Turkish and foreign investors of different nationalities, and Istanbul is full of various real estate activities and investments, and there are several principles for classifying Istanbul real estate, in terms of the location of the property in Istanbul, the beauty of the view, the area, and finally, the classification of real estate in Istanbul according to the age of the construction
What is meant by a repairman (building age)? And how to classify real estate in Istanbul according to this principle?
By the term building age, we mean the period of time that has elapsed since the construction of the property, and determining the age of the building helps to estimate its readiness for housing, the potential risks, and the extent of the property's resistance to disasters that may occur.
As for real estate in Istanbul, real estate and apartments differ in their age, due to the fact that Istanbul real estate is witnessing an old urban renaissance until the moment, so we find a disparity in the characteristic of the age of the building in Istanbul
How to classify real estate in Istanbul, depending on the age of the building? And who are the pioneers of these properties?
There are three classifications of the type of property in Turkey
- The property is under construction or under construction, which are the various properties that have not yet been completed and equipped, and often want to buy such real estate, the category of real estate investors, where they get them at somewhat cheap prices, and establish various real estate investment projects.
- Property (0), which is the ready and modern property, which has not yet been inhabited, and these properties constitute an excellent residential environment, and those looking to acquire a residential property in Istanbul want to buy them. - Used property, and by that, we mean real estate that has been established for a few long periods of time, and many residents and investors are reluctant to buy this type of real estate for several reasons related to fears of non-conformity with specifications, and unsuitability for housing in the property, or investing it as it is, and the property is habitable in this case, when it has not been built for more than ten years.
- Uninhabitable property, a group of uninhabitable properties, as it has been built and used, for long periods, and at the present time needs restoration and rehabilitation, so investors want to obtain it, as this type of real estate constitutes a fertile ground for real estate development projects in Istanbul.
Some factors that determine the age of a property in Istanbul
- The quality of the building materials used in the construction of the property.
- Various techniques and modern technology, in disaster protection.
- Application of modern construction methods.
- The quality of the land on which the property is located in Istanbul.
- Natural disasters.
How to increase the life of the property?
Each property in Istanbul or other states, a certain period in which the period allocated to it expires and then it will need to be restored, or rebuilt, and we can increase the life of the properties, by raising the quality of the raw materials used, and applying the latest technologies to protect against natural disasters, and personal use has a crucial role, as we should improve the use of real estate in Istanbul and others.
The age of the building is one of the basic topics and classifications, which are taken into account, when any citizen or investor buys a property in Istanbul, to be keen to see all these details provided by real estate companies in Turkey, because this is directly related to the success of your next investments, and determining the price of the property as well.
Editorial Mersat Real Estate Team©
Real estate Articles
Real estate News
