Table of Contents
Introduction:
Istanbul, the vibrant city that connects Europe and Asia with a rich history and culture and a developed and diversified investment climate, offers a plethora of real estate investment opportunities for those looking to invest in the region. The real estate market in Istanbul is considered one of the most developed real estate markets in the world. It attracts many investors, both local and foreign, and offers many opportunities for investment, including luxury homes, apartments, commercial buildings, and hotels. Prices vary from region to region, and prices are also affected by location, size, condition, design, and available facilities. In this article, we will talk about the advantages of this market and what are the investment opportunities in it now.
An overview of the real estate market in Istanbul:
The real estate market in Istanbul is witnessing a great development recently, as Istanbul ranked first in sales for the year 2022 with 265 thousand 419 sales. The number of sales to foreigners in Turkey reached 3,350 properties, and in February 2023, 1,183 homes were sold to citizens of the Russian Federation in particular. New real estate projects are being launched on an ongoing basis, and interest is growing in developing new areas surrounding business centers and residential neighborhoods.
It is also characterized by the wide variety of available real estate options, where one can find residential apartments, luxury villas, commercial offices, shops, and industrial real estate, in addition to large residential and commercial projects. The market is considered stable in general and has witnessed a rise in prices in the recent period, especially in the high-end and central areas of the city, and it is expected that this increase in prices will continue soon.
It can be said that the real estate market in Istanbul provides excellent investment opportunities for investors, especially considering the political and economic stability that Turkey is witnessing at the present time. With many real estate options available in Istanbul, both local and foreign investors can find properties that suit their needs and budgets. Here the investor wonders why he invests in Istanbul and not others.
Why invest in real estate in Istanbul?
Real estate investment in Istanbul provides many advantages and excellent investment opportunities, which include:
* Strategic location: Istanbul is in a strategic location between the continents of Europe and Asia, which makes it a center for trade and investment in the region.
* Strong economy: Turkey's economy has witnessed continuous growth and prosperity in recent years, and Istanbul is the main engine of the Turkish economy.
* Infrastructure: Istanbul is currently witnessing a significant improvement in infrastructure, including public transport projects, roads, bridges, and airports, which enhances real estate value in the region.
* Increased demand for real estate: Istanbul is witnessing a significant increase in demand for real estate by local and foreign investors, which increases the chances of return on real estate investment in the city.
* Diversity of real estate at reasonable prices: The real estate market in Istanbul is characterized by the wide variety of available real estate options, which allows investors to find real estate that suits their goals and budgets, especially despite the high investment value achieved by this city, but the real estate prices in it compared to the global market are reasonable and Suitable for investment.
* Foreign investment: The Turkish government encourages foreign investment in real estate, allowing foreign investors to obtain easy and fast investment permits in the city.
*Availability of public services: Istanbul has many public services and facilities such as international schools, hospitals, commercial and entertainment centers, which increases the attractiveness of real estate in the city.
It can be said that real estate investment in Istanbul provides excellent investment opportunities for investors, and it has several advantages that make it a good choice for any investor who believes that real estate investment is the path to wealth today.
Real estate investment opportunities available in Istanbul
Istanbul offers many opportunities for real estate investment in its various neighborhoods, as it has many advantages that make it an ideal destination for real estate investment. Among the popular neighborhoods of Istanbul for real estate investment can be mentioned:
1-Maslak area:
An upscale and lively area, located on the European side of the city.
It is considered a good investment destination for real estate, as it includes many new buildings, luxury residential projects, and important vital facilities such as restaurants, cafes, commercial centers, hospitals, schools, and universities, which makes it a desirable destination for living and investment.
For example, there is the RH 345 project - Maslak Towers, ready to move in, with Bosporus views:
A residential and investment project developed by a well-known construction company in Türkiye. The project contains 442 residences, 16 penthouses, 91 multiple offices on an area of 48,000 square meters, 42 shops on an area of 25,000 square meters, and a 5-star hotel. It really meets everything you need for a perfect life, and this is what makes it a golden investment opportunity.
2- Sisli:
It is a good investment area for real estate, given that it is a lively area crowded with commercial, entertainment and cultural activities.
Sisli is famous for the availability of many new and modern real estate projects, which include residential complexes, commercial centers, hotels, offices, and other facilities. In addition, the Sisli area enjoys a distinctive strategic location, as it is located near the city center and has developed and varied transportation, which makes it easily accessible and facilitates movement around the city.
We can refer to a very special project in this region:
RH 430 - Luxury homes close to the city center in the upscale Nişantaşı neighborhood.
3- Pendik :
The Pendik area is available for real estate development and provides good investment opportunities due to its strategic location on the sea, as it is located near Sabiha International Airport and has developed transportation, which makes it an attractive destination for many investors, in addition to enjoying a stable economic and investment climate, as it witnesses The region has been growing rapidly in the recent period, which increases its attractiveness as an investment destination.
4- Al-Omraniye:
Al-Omraniye is considered an area crowded with population, commercial activities, and economic vitality. It has many public services and facilities such as schools, hospitals, markets, and commercial centers, which makes it a suitable area for living and investing in real estate.
It is characterized by the presence of a subway station, which facilitates the residents' access to other parts of the city. The Turkish government is also working on modernizing and developing the region's infrastructure, including building roads and bridges, and providing other services, which indicates that the urban area will witness improvement in the coming years.
One of the most important investment opportunities today in Al-Omraniye is the project:
Rh 524 - green living next to the financial center
Sinpaş attracts attention with its house options specially designed for large families. According to the needs of the day, the project, in which the spacious spaces in the house as well as the balcony or garden are carefully planned, comes to the fore with its design suitable for those who prefer a large house and a large family life. It is distinguished from other projects by its large terraces, balconies, and gardens.
5- Kagithane:
It is strategically located near main roads, shopping, and business centers. The area also offers great views of the Bosporus and neighboring cities. Various public transportation is available in the area, including metro stations, buses, and minibuses.
This area is currently witnessing a major development of infrastructure and public facilities, including modern real estate development projects, and this has boosted the high demand for real estate in the Kagithane area, which in turn indicates an increase in prices soon, thus the opportunity to achieve high benefits.
The investment opportunities in this region are many and varied. The most important projects can be mentioned:
RH 478 Apartments for sale in Istanbul within a completely new project in the heart of Kagithane:
The project is designed to meet all the expectations and demands of those who want to live or work in the city center and are ready to bring a whole new breath to the area with its unique architecture.
RH 477 - Apartments for sale in Istanbul within an investment and residential project in a prime central location:
A project that adds a new definition to luxury life in one of the fastest growing areas in Istanbul
Guaranteed profit investment deal.
6- Kartal:
Kartal is located on the European side of Istanbul and is distinguished by its strategic location on the West Bank overlooking the Bosporus Strait and the Princes' Islands, which increases its attractiveness for real estate investment. The area also features stunning landscapes and a rich historical and cultural heritage and is close to several major commercial and tourist centers in the city at the same time.
In addition, the Kartal region is currently witnessing great interest from investors in real estate, due to the development of infrastructure in the region and the availability of public services, and the demand for real estate in the region is increasing significantly, especially luxury apartments and villas.
7- Büyükçekmece:
It is a quiet residential area characterized by its strategic location overlooking the Black Sea, near the new international airport in Istanbul, the highway, and the metro station, which makes it an interesting area for real estate investment.
Moreover, the prices in this area compared to other areas in Istanbul are reasonable and suitable for investment. It is also witnessing a large concentration of investors in real estate, due to the significantly high demand for real estate in the region, especially luxury apartments and villas, as well as the development of infrastructure in the region and the availability of public services.
A live investment example today: RH 457 - apartments for sale in Istanbul within the Flamingo Büyükçekmece project, under construction, suitable for investment
The project land area is 36,000 square meters, and there are 28,000 square meters of green space, a unique downtown view intertwined with nature.
The doors of prestigious, refined, and high-quality life have been opened in this project.
8- Kadikoy:
It is a busy commercial area with diverse cultures and nationalities. The area is characterized by the presence of many shops and large commercial centers, as well as the presence of many government institutions and medical and educational centers. It is also an important investment area for real estate due to its vital and distinguished location, as well as the high demand for real estate in the region.
In Kadikoy, a variety of real estate options can be found, including apartments, commercial offices, shops, warehouses, factories, and more. The area is well served by public transport, including the metro, buses, and ferries.
“Don't wait to buy real estate, buy real estate and wait.” Will Rogers
This quotation reflects the importance of real estate investment at the present time, and considers it a great wealth, if it is achieved correctly and professionally, then the site must be studied, the prospects of the project should be predicted, the prices are appropriate to achieve profit...
Real estate is one of the most stable and valuable assets in the long term, providing opportunities for stable and reliable financial returns.
Also, real estate investment can provide a source of additional income by renting real estate, and provides opportunities to hedge against inflation, as real estate assets can increase in value over time.
As for the real estate markets at the present time, they provide good investment opportunities for investors, especially in emerging real estate markets such as Turkey, as it is characterized by the presence of a wide range of real estate options and reasonable prices compared to the global real estate markets.
But there is no magic wand that achieves profits in Turkey, so investment must be done with caution and careful analysis of the market and potential risks, and the search for reliable real estate projects and experienced companies for advice and guidance in all important stations.
