Important tips when buying a property in Istanbul

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Important tips when buying a property in Istanbul

Tips you need to buy a property smoothly and easily

Important tips when buying a property in Istanbul
14th October 2022
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Buying a property in Istanbul is a very easy process, but this does not mean that there are not many aspects that you should look into and be fully aware of, where to start your search, how and what notes you should pay attention to and potential problems that you may encounter?

Your questions will be answered in this article.

 

What are the most important tips when buying Istanbul real estate?

Taking into account some of the tips and observations provided by real estate experts and specialists in Istanbul will help you reach the right and appropriate option with little effort and quick time:

- The first step in any property buying process is to do your homework and learn as much as possible about the neighborhood, the properties and the real estate market in Istanbul in general and the internet is a great place to start as you will find dozens of offers in front of you.

- Keep in mind that Istanbul real estate is not like other markets around the world. Prices can be volatile, so it is important to have realistic expectations about what you can expect to achieve from your investment.

- The real estate market in Istanbul has witnessed rapid growth in recent years, so it is important to do your research before making a purchase as prices can vary greatly depending on the neighborhood and the type of property and therefore it is advised to consult with a local real estate agent who can help you navigate the market.

- You decide whether you want to be in the European or Asian side of the city.

- The European side is more expensive, but it offers a more cosmopolitan lifestyle and the Asian side is more affordable.

 

Concerns when buying Istanbul real estate

Is buying real estate in Istanbul safe? It is certainly like this, but it is not without some negative aspects that may stand in your way and that must be taken into account, the most important of which are:

- The first concern is the possibility of an economic downturn in the future. Turkey has experienced several periods of economic turmoil in recent years, and a downturn could once again lead to a decline in property values.

- Buyers should be aware of earthquake hazards as Istanbul is located in a seismically active region, earthquakes are relatively common. While most buildings in Istanbul are designed to withstand seismic activity, there is always the possibility of damage or even collapse during a major earthquake.

- You may have to wait for a long time to find a suitable property due to the high population density, high demand for property ownership and decreased supply.

- The traffic in Istanbul is notorious for being poor, which makes commuting a nightmare for many residents.

- Real estate in Istanbul is very expensive, especially when compared to other Turkish cities.

 

The most important areas of Istanbul to buy real estate

Do you have a look at some areas of Istanbul suitable for buying real estate? Are the European side regions better or the Asian side regions?

1 - Basaksehir is a relatively new district in Istanbul that is growing in popularity among tourists and locals. The area is home to many different restaurants, cafes, bars and clubs and there are also a number of parks and green spaces in Basaksehir, making it a great place to live if you enjoy spending time outdoors.

2 - Sisli is another famous area in Istanbul that is famous for shopping. There are many different malls and commercial centers in Sisli, in addition to a number of restaurants and cafes.

3 - Beylikduzu is a rapidly developing region on the European side of Istanbul. It is well connected to the city center by public transportation, and has many shopping centers, parks and schools.

4 - Taksim is one of the most popular tourist areas in Istanbul and is also a major business district with many corporate offices and luxury hotels. Taksim has excellent public transportation and a variety of restaurants and shops.

5 - Esenyurt is a large neighborhood on the European side of Istanbul and is well connected to the city center by public transportation, and has many shopping centers and parks.

 

 

Some details about Istanbul real estate

Here are important information and details about the real estate sector in Istanbul:

- The size of the property is another important factor in its price and it is clear that a larger house will cost more than a smaller one but you should also bear in mind that Istanbul homes tend to be smaller than those in other western cities such as London or New York.

- Istanbul has a large variety of real estate available, from private apartments to villas and palaces. The type of property you buy will have a huge impact on its price.

- The city is currently experiencing a construction boom, which means that there are a lot of new buildings and apartments under construction and this can be both good and bad news for buyers and on the other hand, it means that there are a lot of new construction to choose from on the other hand, this means that real estate prices In Istanbul it is rising rapidly and may continue to rise for the foreseeable future.

- If you do not have the full price of the property, this does not mean that you should retreat from achieving your goal of owning real estate in that city. You can choose one of the installment offers suitable for you, or head towards projects that are still under construction or to rural areas.

 

Advantages of buying a property in Istanbul through Binaa Real Estate Company

Binaa Real Estate- is a company based in Istanbul and we have a lot of experience in the real estate market.

- We offer our clients a wide range of services, including property management, investment advisory and legal assistance.

- We offer our customers the opportunity to buy real estate in Istanbul through the Internet only without having to put in a lot of effort and fatigue.

- We have a team of experts who can advise you on the best way to invest your money in Istanbul real estate.

 

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The guide of real estate investment in Turkey 2022
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The journey of looking for apartments for sale in Istanbul
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How to obtain Turkish citizenship by real estate investment?
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#Binaa_investment    #real_estate   #Turkish_citizenship
#Istanbul_apartments    #real_estate_investment

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