The real estate market in Turkey is growing market and the interest in it is greater than ever. The good news is the chances of obtaining apartments for sale in Istanbul at prices that suit everyone are high. Real estate prices are very attractive to foreigners as the economic crisis that happened to Turkey in the past and led to decline in the price of the Turkish Lira. Buying an apartment in Istanbul, Turkey, is one of the most profitable investments that has attracted the attention of international customers due to recent amendments to the Turkish Real Estate Investment Law. This world city has a fascinating mix of old and new apartments for sale. New apartments for sale in Istanbul by big-name brands are the ultimate in modern style and no holds barred luxury, with 5 stars hotel facilities and very extra imaginable. If the purchase of an apartment in Istanbul is done with sufficient research and in a suitable neighborhood, not only will it become a reliable asset in the near future, but it can also bring you the possibility of obtaining a passport or even Turkish citizenship. So below we check the purchase of apartments in Asian Istanbul.
apartment for sale in Asian Istanbul
Istanbul is Turkey’s largest, most prestigious financial and cultural center. It has always been the focus of many foreign investors in the world due to its significant economic growth and high investment opportunities. The growth of property prices in Asian Istanbul, while growing the economy and competitiveness of large developer companies, has encouraged more foreign buyers to buy apartments in the Asian side of Istanbul. Now, you can buy an apartment for sale in Istanbul Asia in great areas and views with good prices. Compared to other countries the prices are the lowest. Investing in real estate in Turkey especially in apartments for sale in Asian Istanbul is a very profitable business due to the strength of tourism in most Turkish cities as the housing in Turkey is a wonderful thing.
Istanbul is one of the most famous and much-loved cities in Turkey, where many people buy houses every year. If you have ever traveled to Istanbul, you have definitely realized the beauty of this city. Istanbul is one of the most advanced cities in Turkey, which also has very high facilities. Buying an apartment in Asian Istanbul comes with many advantages.
Reasons to buy Asian Istanbul apartments
Buying an apartment in Istanbul can be a good option for you, whether you are looking for a reliable investment or looking to live in the right neighborhood of this beautiful city. Istanbul receive great attention from the Turkish government and people as it is a tourist city. Istanbul is one of the most developed and safest Turkish cities. Below we will examine the benefits of buying an apartment in Asian Istanbul. So stay with us.
- Istanbul’s geographical location makes it a great place for stability and investment because it connects the continents of Asia and Europe.
- The higher growth rate of property value in Istanbul compared to the annual growth of property value in other Turkish cities.
- High variety of properties and the possibility to buy apartments in the center of Istanbul at a reasonable price.
- There are More choices to buy cheap apartments or houses for sale in Istanbul Asia.
- Variety of cheap second-hand apartment purchase prices in Istanbul on the property buying site in Istanbul.
- Higher rents in Istanbul and the possibility of renting a house purchased after a few years.
- The possibility of low-cost travel without the need for a visa to determine the price of buying a cheap property in Istanbul
Istanbul has an extraordinary climate. The people who want to spend an enjoyable summer vacation Istanbul is a perfect choice. As the climate is cold in winter and warm in summer with continuously raining in most part of the year it receives many tourists all round year. One of the most important factors which pushes foreigners to search for apartments for sale in Istanbul Asia is climate.
The ideal place for real estate investment is Istanbul city for several reasons. The most important one is the large population of the city. In 2018, the population of Istanbul reached 15 million people. The number of apartments for sale in Istanbul Asia is constantly increasing for this reason. Getting a job in Istanbul city is easy and less complicated. In Istanbul, the real estate field is very strong so getting an apartment for sale in Istanbul Asia is easy.
The Turkish economy ranks 17th in the world and ranks 6th in the list of economies of European countries. The real estate sector contributes about 20 percent of the total output which forms a strong foundation in the body of the Turkish economy. The real estate sector has contributed in recent years to inject foreign capital through the real estate investment portals. The proportion of foreign-owned properties at the end of 2018 rose to 78.4% so this growing interest by investors in the real estate market may prove to be a promising investment environment.
Turkey has witnessed a development revolution planned by the Turkish government and started implementing them through infrastructure and transportation. These projects ensure the advancement of the real estate sector and increase the pace of its growth. It has established huge projects with modern features and it has built many bridges, and highways, and provided land and sea transportation. The most important of these projects is Istanbul airport. Owning the property in Istanbul is an ideal choice due to the good and advanced infrastructure in transportation, communication, and energy.
Where to invest in Asian Istanbul real estate?
By introducing Asian Istanbul neighborhoods, we intend to give you a more open view before deciding and buying a property or villas for sale in Istanbul Asia. Stay with us.
Beykoz is located near the beach of Baghaz and in the north of the Asian part of Istanbul with attractions such as Beykoz Forest, Beykoz Park, Anadolu Castle and Kucuksu Palace.
Kadikoy can be considered as the most luxurious area of Istanbul with an old history on the Asian side of Istanbul. Baghdad and Bahariyeh streets are famous streets of Kadikoy district, where Baghdad Street is 12 km away, with many famous brands, luxury and stylish restaurants and cafes.
With a population of more than half a million, Skudar is located in the Asian part of the Bassfar Strait.
Umraniye is located on the Asian side of Istanbul with a population of 700,000 people and many historical centers.
Atashehir is located in the Asian part of Istanbul with a growing population, adjacent to Kadikoy and Eskudar.
Price range of apartments in Asian Istanbul
The price is known to be a critical element in any buying process and one of the most important reasons why the buyer accept the ownership of property in Istanbul is the price of real estate. Property prices in Istanbul vary to meet all budgets ranging from luxury, medium, and simple. Some companies also offer offers to sell apartments in Istanbul with convenient installments to stimulate the buyer to complete the deal. If owning a property means a sense of security for an individual and his family the choice of cheap apartment and installment options opens the door to many families’ stability.
The Turkish lira has been facing a devaluation of about 40% in the past years. On the other hand, property construction in Turkey has grown increasingly and these two together have reduced the price of property. But you have to notice that the price of buying an apartment in the Asian part of Istanbul varies from the purchase price of buying apartments for sale in European Istanbul. The budget required to buy a house or apartment in Istanbul Asia depends on a variety of factors. In the following, we will introduce the most important factors affecting the price of apartments in Asian Istanbul:
- Size of house or apartment
- Neighborhood & District
- Year of construction
- Building Facilities
- Local Amenities
- Types of access
Why Al Khail?
Thank you for accompanying us to the end of this text. In this article, we talked about apartments for sale in Istanbul Asian, reasons to invest in it, great areas for investment and property price suffering in Asian Istanbul.
For many reasons as mentioned above, living in Istanbul is great. Getting apartment for sale in Istanbul Asia is easy, the way you search make a big difference.
Al Khail is ready to serve you with years of experience in buying and selling apartments in Asian Istanbul Turkey. Just share your expectations of your dream home and your budget with our experts so that they can give you the best offers. You can also visit our website to see all houses and apartments for sale in Turkey. Find the home you want. In any case, our experts are always ready to help you create a home buying experience for you.
FAQ
If you are looking for some property with a more traditional feels renovated apartments in Istanbul are good options. These started at around 150000 Euros. If you are looking for a cheaper apartment but with a good return which is a good investment for someone who would like to dip their toe into cities growing rental market, start at around 45000 Euros.
The price is known to be a critical element in any buying process and one of the most important reasons why the buyer accept the ownership of property in Istanbul is the price of real estate. Property prices in Istanbul vary to meet all budgets ranging from luxury, medium, and simple.
Turkey has witnessed a development revolution planned by the Turkish government and started implementing them through infrastructure and transportation. These projects ensure the advancement of the real estate sector and increase the pace of its growth. It has established huge projects with modern features and it has built many bridges, and highways, and provided land and sea transportation. The most important of these projects is Istanbul airport. Owning the property in Istanbul is an ideal choice due to the good and advanced infrastructure in transportation, communication, and energy.
