Is it possible to find cheap apartments on the Bosphorus?
Last Updated: 2023-07-27
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Is it possible to find cheap apartments on the Bosphorus?
The first goal or factor that the investor or who is about to buy real estate in Turkey usually sets is to take into account the price factor, as he always wants the property or apartment to be at a cheap price, either because he does not have enough money or in order to save some money for other purposes. Many people would like to buy a property overlooking the sea, especially on the Bosphorus, but is this possible and at an appropriate price, and what is the nature of real estate that overlooks this place in Turkey? All of this will be in its right form, but through the following article.
Cheap apartment with Bosphorus view
A lot of people wonder about this issue and really want it, which is to buy an apartment overlooking the Bosphorus in Turkey. Will this be possible for them? As we know that the apartment that overlooks the water; the sea or the straits will have a rather high price, so is it reasonable that the apartments overlooking the Bosphorus would be an exception to that? But you will actually have a chance to achieve this, especially in the area that is relatively far from the strait, as its prices will be significantly lower than the apartments adjacent to the Bosphorus, because the latter is lively, active and popular with tourists in general.
The most important factors that, if any, would be relatively cheap Bosphorus apartments
Age of the apartment: This factor is not limited to the Bosphorus apartments only, but also to the apartments of the Turkish state as a whole. The age of the building has a major role in determining the price of the apartment. If the apartment is new, this means that it is not used and is still long-lived and will not wear out in the short term. But if the apartment is old, it means that it is used and you may discover major errors and malfunctions that require a lot of money to be repaired. Therefore, you must take this factor into account. If you find an apartment on the Bosphorus that is old, it means that it will be cheap.
The presence of services near the apartment: The presence of services in the vicinity of the apartment also has a big hand in determining whether the apartment is cheap or expensive. For example, if the apartment is surrounded by solid infrastructure, this means that the price of this apartment will be very high. This structure is represented by hospitals, schools, communication towers, the transportation network, the presence of shops and recreational places such as restaurants and cafes. Turkey has a developed technical infrastructure in the sectors of transportation, communications, energy, and so on.
Internal specifications of the property: You should not lose sight of this aspect of the process of buying apartments near the Bosphorus, because it determines the correct price very accurately. For example, if the interior specifications are equipped with the latest model and very high quality, this means that the apartment will be of a high price in a remarkable way. But if the interior specifications of the apartment and the decorations in it are modest, this means that you will buy it at an affordable and acceptable price. And you must not forget about the internal services of the property, such as cleaning services and continuous maintenance in the event of a failure. In addition to the issue of the total area of the apartment, the larger the apartment, the higher its price. If you want to buy an apartment overlooking the Bosphorus, you should look for an apartment with a small area to suit the money you have.
Floor number and the view occupied by the apartment: The issue of the floor in which the apartment is located is a matter of effective results in terms of price, because most people prefer that the apartment is on the first floor of the property for many reasons, perhaps a sick condition that does not allow them to go up to higher floors, so they do not like high floors, and this is a good opportunity for those who wish to buy a cheap apartment on the Bosphorus; the higher floors will have a low price. The view factor also plays a major role in making the apartment cheap or high-priced. The more attractive and impressive the apartment will be, the higher the price will be, and the farther and introverted it is from the beautiful places, the lower its price will be. You have to look for somewhat isolated apartments. Thus, you will achieve more than one goal together. On the one hand, you have owned an apartment on the Bosphorus, and on the other hand, you have acquired it at a cheap price.
If the apartment has any problems: You may have an apartment in your hands that has legal problems or the like. For example, this apartment may be for heirs, or it has to be seized or offered for auction, and from these matters, you should seize such an opportunity because this apartment will have a low price due to the seller’s urgency to sell the apartment Whatever the price may be, it will not be an obstacle to your plan to buy the apartment.
When the apartment does not legally match your purpose of buying it: In this case also, you have to realize that the apartment will be cheap, but you should know at the same time that it may cause you problems in the coming days, but these problems can be solved, but it takes some time. One of those problems is that the apartment is registered as commercial in the real estate registry and you bought it to be residential.
Having cheap apartments with a view of the Bosphorus is not an impossible thing to realize, but you should put some points in front of your eyes so that you know where to start your search.
Edited by Mersat Real Estate ©
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