Buy House From Istanbul For The Most Valuable Investment

Editor Istanbul

Jan 21 898 read

Buy House From Istanbul For The Most Valuable Investment

In this section, you can find useful tips about how to conduct an investigation and find an ideal Istanbul-built property like price reductions, contacts for English speaking utilities, mortgages, legal checks, etc. Though we're insiders in Istanbul, the following details also helps us and those residing outside Istanbul to purchase property for rent. Istanbul provides a large number of modern, highly-equipped real estate developments for any budget. Besides the latest schemes for many of the city's common districts and quarters, urban transformation projects still offer the sector great opportunities.The renovated buildings for sale guarantee very low rates for houses and apartments.

Moreover, after nearly four years Turkish Lira has been devaluing the big foreign currencies for about 40 percent, giving investors a tremendous chance to profit from this situation. And if we apply to the immobilization crisis by the millions of new apartments, houses and flats, with lower costs, your prospective buyers have been expecting since 2 years, you will twice profit from this viewpoint. The same applies to the second owners of properties, where prices were lowered and buyers waited. There are also several real estate firms and locals that do not sell in the period, and both companies and local residents in Istanbul are interested in a financial mortgage chain. And then a decent deal can be made. With best historical spots such as Basilica Cistern and Galata Tower, Istanbul province holds its value for years.

Best places to live in Istanbul

We will refer you to the districts and the neighbourhoods below if you are a true metropolitan, enjoy the lively nights and vibrancy of the area, being in the city centre, preferably located within walking distance to the various requisite services and the transport hub. You should be very close to your job in order to escape the world-renowned jam in Istanbul. Some of the best places to live in Istanbul are Taksim, Besiktas, Cihangir, Atasehir, Beyoglu and many more. You can check our article about the safest locations to live in Istanbul!

Process of Buying House in Istanbul

We suggest that you find a reputable property agent to help you find your perfect Istanbul property and discuss your language in Istanbul whether it's your first time in Istanbul, or whether you would like to purchase your property abroad or elsewhere.

There are a host of foreigners' and other conditions for purchasing property in Turkey. First of all, it is obligatory to get a certificate of energy conservation (in the Turkish version of Enerji Kimlik Belgesi). This is a statutory standard for home sales and leases that came into effect at the start of the year. In order to collect necessities, such as power and water, you must also apply for compulsory earthquake protection.

Why You Should Buy Real Estate in Istanbul

For the most part, costs are the main reason. Most people who want to invest in property outside their countries limit their opportunities to some of their major countries, such as Turkey, Spain and France, which have tourist attributes. Most of these people end up investing in Turkey because, compared with Western Europe, England and America, it provides some investment opportunities in property at low prices. Turkey is also reasonably inexpensive to live in, which makes it very common with many foreign buyers to purchase a property with a view to saving and spending their holidays on it.

When you compare Turkish livelihoods to some of Western Europe's most significant nations, England and America, it is also possible to find that Turkey is certainly the best choice because, with its very affordable price, it provides the best quality service. When you buy a building in Istanbul you will be shocked at the rates of cheap home utilities such as water, power and gas and will find that the property tax rate in Istanbul in comparison with investments, is very poor and reasonable whether you wish to rent or even sell the building in the future. The prices are not acceptable.