Is it a good time to invest and buy real estate in Istanbul?
Last Updated: 2023-07-27
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Is it a good time to invest and buy real estate in Istanbul?
The right time to buy and invest in real estate in Istanbul is now? This question is always repeated on the tongues of money owners and investors, as they are looking for the best time to buy, and everyone who thinks about buying a property in Turkey, regardless of its goal, is interested in knowing the answer.
In this article, we will be with you to discuss this topic and study all its dimensions. After you finish reading to the end, you will be able to determine if the time is appropriate or not?
In this article, we will be with you to discuss this topic and study all its dimensions. After you finish reading to the end, you will be able to determine if the time is appropriate or not?
How to determine the right time to buy real estate in Istanbul?
We can tell you that the answer to this question is primarily related to the nature of the intended purpose of the property. If the buyer wants to live and settle with his family, the best time for that is his circumstances that are determined by him until he moves his place of residence.
If the goal of buying a property is to obtain Turkish citizenship, then real estate projects that have been designed in accordance with the conditions for obtaining it should be searched and when the buyer has the required amount, that is, two hundred and fifty thousand US dollars as a minimum.
The buyer’s goal may be real estate investment, and here the time must be chosen in a thoughtful way, that is, you must choose the active time of the real estate market, you can know this by taking a look at the monthly real estate sales movement. If you find that the demand for it is increasing, know that it is your chance to get abundant profits.
We can tell you that the answer to this question is primarily related to the nature of the intended purpose of the property. If the buyer wants to live and settle with his family, the best time for that is his circumstances that are determined by him until he moves his place of residence.
If the goal of buying a property is to obtain Turkish citizenship, then real estate projects that have been designed in accordance with the conditions for obtaining it should be searched and when the buyer has the required amount, that is, two hundred and fifty thousand US dollars as a minimum.
The buyer’s goal may be real estate investment, and here the time must be chosen in a thoughtful way, that is, you must choose the active time of the real estate market, you can know this by taking a look at the monthly real estate sales movement. If you find that the demand for it is increasing, know that it is your chance to get abundant profits.
Is owning real estate in Istanbul suitable at the moment?
Many reasons confirm the importance and validity of choosing the current time to buy real estate in Istanbul, the most important of which are:
1 - In the latter part of the last year 2021 AD, and at the beginning of this year, real estate prices in Turkey recorded a significant increase, and it is expected to rise more than that in the coming days, for many reasons, most notably the great demand for real estate purchases, the high population density, and the rise in the prices of raw building materials.
2 - According to many real estate specialists, the current year and the following year are a unique opportunity to enter the world of real estate investment in Turkey.
3 - Among the reasons that will lead to a rise in real estate prices in Turkey is that the coming period will witness the opening of many important vital projects, most notably the new Istanbul Water Canal.
4 - Turkey is just around the corner from entering the club of the top ten economically, and add to your information that Turkey has been able during the past period to achieve great leaps in economic growth, and this will have a significant impact on the real estate side.
Did you know that the lowest profit that you can get from real estate investment in Turkey is up to 35% at the very least, and profits may sometimes reach 100% and may be more. You have to know that real estate investment is guaranteed returns and a safe idea in order to preserve the capital and outperform all other types of investments.
The effect of the seasons on the decision to purchase real estate:
You may be wondering about the role of the seasons in making the decision to buy real estate in Turkey, so where are the connections specifically? The climate has a great impact on human decisions, and winter is one of the most suitable seasons to search for real estate for sale, where you can get the best specifications at the best prices, and adding that will not consume a lot of time in searching.
In the spring and summer, prices rise and offers decrease, as these two seasons are among the times when people prefer to change their place of residence.
Advantages of buying a property in Istanbul:
Stressing that your decision to buy a property in Istanbul will be based on the advantages that will come back to you, and these are the most prominent of them:
1 - Despite all the manifestations of development and modernity witnessed by the Istanbul region in terms of real estate, this did not affect real estate prices and made them maintain their balance in contrast to real estate prices in European countries.
2 - Buying real estate offers you the opportunity to obtain real estate residency and Turkish citizenship.
3 - The real estate market in Istanbul offers multiple options, most notably luxury residential complexes with their modern engineering designs and compliance with safety and security standards.
4 - This city includes many tourist, recreational and historical places that always attract tourists.
5 - Buying a property in Istanbul is no longer a dream. If you cannot pay for the property in cash, you can buy a property in installments and pay for it in parts at the agreed upon time.
6 - The development of public transport and transportation lines, and the presence of the largest air transport station in the world (Istanbul New Airport), in addition to tunnels, highways and bridges.
Real estate prices in Istanbul:
Are real estate prices in Istanbul high and not suitable for everyone, or do they fit all budgets? Real estate prices in this city vary based on a large number of criteria, the most important of which are:
- The location where the property is located, is it on the outskirts of the cities?
- The view that the property enjoys freely, on green spaces, or on the city?
- Services surrounding the property such as shopping malls, medical centers, educational institutions and recreational facilities.
- Is the property located in a modern and luxurious residential complex or in a separate building?
- Is the age of the building in which the property is located, is it old design or is it in the style of modern designs?
- Is this property close to public transport links or is it far from it?
- What about this property, is it ready for housing or is it still under construction?
- Services surrounding the property such as shopping malls, medical centers, educational institutions and recreational facilities.
- Is the property located in a modern and luxurious residential complex or in a separate building?
- Is the age of the building in which the property is located, is it old design or is it in the style of modern designs?
- Is this property close to public transport links or is it far from it?
- What about this property, is it ready for housing or is it still under construction?
Now you can decide if this is the right time to buy real estate in Istanbul or not. Just contact us so that we can provide you with the latest details related to the real estate market in Turkey and in order to answer all your inquiries and help you choose.
Edited by Mersat real estate team ©
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