Apartment prices for sale in Istanbul...are they high?

Istanbul, the beautiful and prosperous city of Turkey, is one of the most attractive cities for investors and immigrants from different parts of the world and with its strategic location that combines the European and Asian continents, Istanbul offers a broad economic, social and cultural horizon and among the investments that are popular with many are real estate investments.

But the question that always arises is: Are the prices of real estate apartments in Istanbul high? We will take a look at the factors affecting apartment prices in the city and provide you with a comprehensive assessment of the state of the real estate market in Istanbul..

Factors affecting the prices of apartments for sale in Istanbul

1. Location is one of the most important factors in determining the price of a property and upscale neighborhoods and areas close to public transportation and amenities such as schools and hospitals attract higher prices.
2. The size and design of the apartment greatly affect its price and apartments with larger sizes and luxury design are usually more expensive.
3. New apartments are often more modernized and equipped, leading to higher prices compared to older properties or those in need of maintenance.
4. Economic factors and market trends play a big role and fluctuations in the economy, supply and demand can affect prices
5. Launching large real estate projects can lead to intense competition between developers and thus to setting competitive prices.
6. Changes in real estate laws and legislation can affect prices and terms of sale.
7. Fluctuations in currency value and inflation rates enable real estate to rise in price.
8. Having facilities such as swimming pools, gyms and infrastructure surrounding the property can increase its value.
9. Social factors such as vibrant urban areas and proximity to tourist attractions influence a property's attractiveness.
10. Costs associated with taxes and legal proceedings can increase the cost of the property.

Advantages of owning apartments for sale in Istanbul

1. Istanbul is located on the Aegean Sea front and is considered a meeting point between the European and Asian continents, making it a strategic location for business and investment.
2. Istanbul offers a variety of apartments of different sizes, designs and prices, allowing you to find the right option for your needs.
3. The city is equipped with modern infrastructure, including transportation, schools, hospitals, and recreational facilities.
4. Turkey is considered an area of ​​relative political and economic stability in the region, which enhances investment attractiveness.
5. Real estate in Istanbul offers good return on investment opportunities, whether through renting or selling properties at high prices in the future.
6. Istanbul is a vibrant city with many shops, restaurants, cafes and cultural activities.
7. The city hosts a trained and educated workforce which makes it easy to find suitable employment if you plan to live or invest here.
8. Istanbul embraces magnificent landscapes including sea, forests, parks and urban farms.
9. The city embraces many cultural and historical landmarks, such as Hagia Sophia and the Two Bridges Bosphorus.
10. Istanbul brings together a variety of cultures and nationalities, making it a diverse and multilingual place.
11. By purchasing a property in Istanbul worth 400,000 US dollars, you can obtain Turkish citizenship and a Turkish passport.
12. You can obtain real estate residency in Turkey by purchasing an apartment in Istanbul worth 75 thousand US dollars

Features of apartments for sale in Istanbul in residential complexes

1. Residential complexes are often highly secure with advanced security systems and 24/7 guarding, providing residents with a sense of security and privacy.
2. Residential complexes include a variety of facilities such as swimming pools, gyms, gardens and playgrounds, in addition to additional services such as maintenance and cleaning.
3. Residential complexes are usually located in lively and desirable areas of Istanbul, making it easy to access schools, hospitals, transportation, and commercial facilities.
4. These complexes are carefully designed to provide green spaces and open areas for relaxation and entertainment for residents.
5. Modern Istanbul residential complexes incorporate advanced engineering designs and high-quality construction techniques.
6. The complexes are usually managed by a professional management concerned with maintaining and operating the facilities and meeting the needs of the residents.
7. Turkey facilitates real estate purchases for foreigners, making these apartments a good choice for investors from different countries of the world.
8. If you are looking for a real estate investment, apartment complexes can be a good option as they can be easily rented due to the facilities and services available.
9. The presence of apartment complexes provides opportunities to socialize and interact with your neighbors and participate in social and community activities.
10. Sometimes, apartment complexes can offer special offers, price reductions and flexible payment plans.

Which is better, owning apartments for sale in Istanbul, ready or under construction?

Choosing to own apartments for sale in Istanbul in installments or buy under construction depends on your personal and financial goals, and each comes with different features and benefits and here's an overview of both options:

Purchase under construction (Off-Plan):

1. Under construction apartments are often cheaper than ready made apartments.
2. In some cases, you can customize the interior design and choose colors and materials according to your personal taste.
3. If you are looking for an investment opportunity, off-plan properties can be a good area for return on investment as the value of the property can increase over time.
4. You can often spread payments over a long period, making the purchase more financially affordable.

Ready for Occupancy:

1. You can move into the property and live there or rent it immediately once you buy it.
2. You can see and inspect the property in detail before purchasing, allowing you to accurately estimate what you are getting.
3. If you want to monetize the property by renting it out, you can start earning rental income immediately.
4. Avoid potential delays you may experience on a project under construction.

In conclusion, the relative political and economic stability in Turkey and the city of Istanbul, coupled with the increasing demand for real estate, shows that the prices of apartments for sale in Istanbul are considered high compared to many other cities and however, it must be kept in mind that this rise comes with investment opportunities and potential returns on investment.