Pros of buying real estate under construction in Istanbul 2023 AD

Buying real estate under construction in Istanbul is a wonderful and distinctive idea for everyone who does not have the full price for immediate payment, or for anyone looking for a real estate opportunity to coordinate it himself and what suits him. In this article, we will highlight this real estate option, highlighting its positive and negative aspects.

The importance of buying real estate under construction in Istanbul

If you are looking for a city that is constantly growing and changing, then Istanbul is the right place for you as the real estate market is booming, there are plenty of opportunities for those looking to invest and one of the often overlooked options is to buy a property that is still under construction.

 Here are some reasons why this is a great investment:

- You'll choose the best modules, and you'll be able to see the final look before it hits the market.

- You can usually get a discount on the purchase price because construction companies are often eager to sell units while they are being built, in order to generate cash flow for the project.

- You can fit out your apartment to some extent as it suits you and this is especially true if you are buying an apartment in a larger project and you may be able to choose your own finishes, or even make changes to its layout and layout.

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Cons of buying real estate under construction in Istanbul

Despite the many positive aspects that can be obtained by purchasing real estate under construction in Istanbul, the matter is not without some negative details that must be paid attention to:

1 - If you are planning to buy a property in Istanbul that is already under construction, be prepared to spend more and in many cases, developers will charge a premium for properties that are not yet built.

2 - One of the potential drawbacks to buying a real estate in Istanbul under construction is that you may have to wait longer to move in, depending on the project schedule, it may take months or even years before the construction is completed and you can get your new home or investment property. .

3 - Another potential downside to buying off-plan property in Istanbul is the potential for risks, for example, the developer may encounter financial difficulties and be unable to complete the project or there may be construction delays or quality problems.

Notes when buying a property under construction

Here, through the following paragraphs, are several notes that you should take into account when searching for this option of real estate:

- Make sure you have a lawyer review the sales contract before you sign anything.

- Pay close attention to the payment schedule specified in the contract.

- Understand what is and is not included in the purchase price.

- Be aware of the potential risks involved in purchasing off-plan properties.

The importance of buying ready-to-move-in apartments in Turkey

There is no difference that apartments that are under construction are a unique opportunity for many people, but on the other hand, there are many people who choose ready-made apartments, as it is the shortest way for those who do not have enough time to wait for a long time.

1 - Moving into a new home is always a quick move – and it's even more so when you're dealing with unfamiliar surroundings. By choosing a ready-to-move-in apartment, you can avoid the hassle and expense of having to set everything up yourself.

2 - When you buy an apartment that is already set up and furnished, you can be sure that everything will be in perfect order - you don't have to worry about hidden damages or repairs that need to be made.

3 - You will have access to all the amenities you need. Most ready-to-move-in apartments are located in complexes that offer a range of amenities such as swimming pools, gyms, and security systems - all of which can make your life easier and more luxurious.

Cons of buying ready-to-move-in apartments in Turkey

One of the major cons of buying a ready-to-move-in apartment is that you will not be able to customize the property as per your own needs and taste because the developer has already designed and built the apartment according to his own preferences.

Another disadvantage of buying a ready-to-move-in apartment is that it usually comes at a higher price than off-plan properties and this is because you are paying for the convenience of not having to wait for construction to be completed and being able to move in right away.

The demand for ready-made apartments is usually high, which makes them difficult to find and this is especially true if you are looking for a specific type of property in a sought-after location.

The future of the real estate sector in Istanbul

The real estate sector in Istanbul has seen a lot of growth in recent years and according to experts, this growth is set to continue in the coming years.

Istanbul is a city that is constantly developing, as new infrastructure projects are completed, new projects are being built and this attracts more people to the city, which leads to an increase in the demand for real estate.

As a result of this increasing demand, real estate prices in Istanbul are on the rise and with more and more people looking to buy property in the city, this trend is set to continue.

You can view the best and most important offers available in the real estate market in Turkey by contacting our real estate consultant, who will put in your hands many special offers that you should consider, as well as provide you with an integrated package of advice and advice that will help you make the right choice.

We are keen to monitor through our website many topics of interest to you about the real estate sector in Turkey, we answer inquiries, and we provide you with developments that occur in it or the laws related to it.

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