Istanbul is one of the best cities to invest in, whether you are interested in holiday homes, citizenship, or rental investment. If you are interested in investing in or buying a property in Istanbul and wondering where to invest or the best areas to invest, you can find the answers to your questions, in this article.
Introduction of the AreasWith Turkey, especially Istanbul, continually growing and changing with new developments, the best real estate areas to invest is increasing. It is common to ask questions about the best areas to invest in a property. Every investment area has different strengths and profit opportunities. To understand the areas better, you can find the most popular areas in Istanbul below.
- Başakşehir – Bahçeşehir
- Zeytinburnu – Coastal Line
- Taksim – Mecidiyeköy
- Maslak – Levent – Kağıthane
- Asian Side
The Best Areas to Purchase a Property in IstanbulFirstly, you should decide why you want to buy a property? Is it for living purposes or investment purposes? Then you can decide where are the best areas to purchase a property in Istanbul. All investment areas have different opportunities, and the prices can vary by district. Since Istanbul is the economic, cultural, and commercial center of Turkey, there is an increased interest in Turkey’s real estate investment, either obtaining Turkish Citizenship through property investment or profitable investment purposes. If you want to buy property for living purposes, you can search for districts on the European side, such as Beyoğlu, Şişli, Bakırköy, Beylikdüzü, Sarıyer, and Fatih. As for the Asian side, the best areas to live are Üsküdar, Suadiye, Maltepe, and Ataşehir. However, if you are interested in buying property for investment purposes, the best areas to invest in the European side is Taksim, Beşiktaş, Başakşehir, Beylikdüzü, Basınekspress, and Maslak. As for the Asian side, Kartal, Pendik, Çekmeköy, Ataşehir, and Üsküdar can be the best areas to invest.
The Benefits of Property Investment in TurkeyTurkey has grown significantly with its mega-projects and development investments over the last decade. Turkey has captured the attention of many international investors with these developments. Furthermore, the real estate sector is one of the most profitable investment sectors in Turkey. There are many reasons to invest in real estate, and investing in the real estate sector is always a profitable option in Turkey. To sum up the benefits of property investment in Turkey;
- Because of the investment incentives that the government offers, it provides great advantages to foreign investors.
- The investors can obtain Turkish Citizenship if they make a minimum of 250K USD of property investment.
- The investors have the option to re-sell the property after three years with high return profit opportunities.
- Affordable, high-quality lifestyle
- The real estate market benefits from the fast-growing economy
How to Buy a Property in Turkey?If this is your first time thinking of investing in a property, you need to know the basics of property investment. Searching specific steps and having an idea of the process of property investing is a good start. Buying a property in another country is a profitable investment. If you choose a local consulting company, they will help and guide you in the process of purchasing a property. If you want to learn more about the advantages of an investment consultant, go to our “Working with a Professional Real Estate Consultant – Advantages and Roles of a Consultant” article. The next step would be to discuss with your consultant to understand your expectations and the suitable projects for you. Visiting the project in person is important too. After you’ve chosen your property, let your investment consultant know so that they can guide you through the purchasing process.
If you are interested in investing in real estate or any questions, you can contact us.
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