Future Expectations of Istanbul Real Estate Market

Future Expectations of Istanbul Real Estate Market

It is the dream of many people to own real estate in Istanbul, one of the most beautiful cities in the world. Tourists who come to Istanbul for business or travel purposes have started to be interested in apartments for sale here. With the increasing demand, Istanbul real estate market started to develop. Besides giant projects such as Istanbul Airport and Eurasia Tunnel in Istanbul, Istanbul Canal Project, which will be built in a few years, is increasing the interest in the city day by day. Districts such as Başakşehir, Avcılar, Küçükçekmece, and Arnavutköy, whose value will increase rapidly with the Istanbul Canal Project, attract the attention of investors who want to make real estate investments in Istanbul.

You may also read this article: Canal Istanbul Project

Istanbul real estate market is getting ready for a new era with the Istanbul Canal Project. A new residential area is planned in the districts on the route of the Istanbul Canal Project. The population in the residential area, which will consist of smart houses based on horizontal architecture, has been determined as 500 thousand people. This project, which will bring a new understanding to the Istanbul real estate sector, attracts the attention of investors. In Avcılar, Küçükçekmece, Başakşehir, and Arnavutköy districts, which offer quite suitable investment opportunities today, a great increase in value is expected with the completion of the Istanbul Canal Project. In addition to the Istanbul Canal Project, Arnavutköy is also home to Istanbul Airport, which is a giant investment. Istanbul Airport, one of the largest airports in the world, will reach a capacity of 200 million passengers per year when it becomes fully operational.

You may also read this article: Istanbul Airport

Among the giant projects that have been and are planned to be made in Istanbul, the real estate sector has also taken its share and has shown great development. In addition to all these, the climate and location of Turkey, low living costs, and stable economy also attract investors.

The Factors Affecting Istanbul Real Estate Prices

Real Estate investment is not a very frequent type of investment. Maybe it is an investment made only once in a lifetime, or maybe it is an investment made many times for investment purposes. But no matter what, the biggest investment in a lifetime for most investors is real estate investment. There are various factors affecting the prices of real estate, although they have similar characteristics. Let's take a look at the factors that affect Istanbul real estate prices;

Physical conditions of the real estate

Many factors such as the age, size, facade, features, and materials used in the construction of the real estate to be purchased affect the price.

Location of the real estate

Location is the most important factor affecting the price of real estate. Especially in a big metropolis like Istanbul, there are big price differences between the districts. The proximity of the real estate to the sea, social facilities, and transportation facilities are one of the main factors affecting the price.

Social opportunities for the real estate

The social facilities such as a car park, pool, and gym owned by the real estate to be purchased are among the factors affecting the price of the house.

Investments in the region where the real estate is located

The development level of the region where the real estate is located, the investments and projects made and to be made in that region are among the factors affecting the real estate.

Points to Consider While Investing in Istanbul Real Estate

Istanbul real estate sector has many options in terms of property diversity. There are some important points to consider when choosing among these options. These are:

- The budget range should be determined well, and the property search process should be shaped accordingly (Making a viewing tour on over-budget real estate causes wasted time and energy).

- Attention should be paid to the location and transportation possibilities of the real estate to be purchased (real estate with limited transportation and lack of social facilities may adversely affect your investment).

- Attention should be paid to the technical features of the real estate (moisture, sound and heat insulation, etc.)

- Information should be getting about earthquake resistance

- The price of the property should be compared with its counterparts in the environment (You can get information about the average prices of the surrounding properties by getting help from a real estate appraiser)

- It should be checked whether there is annotation, lien, or mortgage on the real estate

- If possible, get information about neighborhood relations and site life

• The net usage area of the real estate to be purchased should be learned (Common areas are also added to the gross square meter areas of the flats located in large sites in Istanbul. For this reason, the "net usage area of the flat" must be learned when purchasing a property).

- A professional support should be get

In Istanbul, which has numerous possibilities in terms of real estate diversity, it is very easy to find budget housing with desired properties. However, the most important point to be considered here is to find the most suitable real estate for your needs and budget by getting help from a professional real estate consultant. You may have a hard time as a foreigner in Istanbul, where there are endless options. It is not easy to invest in a country where you cannot speak your own language and do not have any knowledge about the region. For this reason, a real estate consultant who knows Istanbul well and will offer the most suitable options for your needs will make your job much easier. A good real estate consultant will offer you properties in the regions with the highest investment value if you want to invest. If you want to buy for living, will offer options from a region surrounded by social facilities and with advanced transportation facilities.

You may also read this article: The benefits of buying through Real Estate Agency

When you start looking for real estate, many new questions will arise in your mind about many situations you encounter. A professional real estate consultant will answer any questions you may have clearly.

Diyar Turk Real Estate is always ready to provide the best service with its sales consultants who know the Istanbul real estate market closely and who have a command of the region. Diyar Turk Real Estate cooperates with the reliable construction companies of Istanbul and makes real estate delivery smoothly. There is no annotation, lien, or mortgage on any real estate it offers for sale. All properties are earthquake resistant and produced with the latest technology materials.

Professional and experienced real estate consultants of Diyar Turk Real Estate pick you up from the hotel you stay in and organize a real estate promotion tour to offer you the most suitable real estate properties. When you decide between these options, they help you at all stages until you move to the apartment you want to buy. Diyar Turk Real Estate helps you to sell your apartment if you are buying an investment property and rent your property if you want to earn monthly income.

You may also read this article for detailed information about before-sales and after-sales services of Diyar Turk Real Estate: Services 

Please do not hesitate to ask any questions you may have. You can contact us via our website or info@diyarturk.com email address.