Why Should You Buy Land in Istanbul?

Gokce Nacar

Jun 18 915 read

Why Should You Buy Land in Istanbul?

The cost of both business and property prices has dropped in recent years as a consequence of an economic downturn in Turkey's immobilization and new housing sectors. This scenario, on the other hand, provides investors with excellent land-buying possibilities in Istanbul and across Turkey. This is also an excellent moment to buy real estate in Istanbul. If you're searching for a primary house, beautiful buildings, a secondary property, a condo, hotels, holiday houses, or simply a rental buy, Istanbul is one of the best cities in the world.

Whether you purchase a resident house, an apartment, a vacation property, or come to live in Istanbul, you will be captivated by its beauty, excitement, and vibrancy. This is a fantastic option to live in the capital's beautiful and renowned neighborhoods. The town has a fantastic mix of Asian and European influences. The city is Turkey's oldest and most important financial and cultural center. The sprawling metropolis boasts a population of 15 million people and is one of the top 20 most visited cities on the planet.

Why Should You Invest in Istanbul Land?

There are many reasons to purchase land. But here are a few of the most compelling reasons to invest in Istanbul real estate:

To begin with, Istanbul and its environs have a plethora of excellent projects for sale at very reasonable prices that provide investors with a very high return on investment, including newly constructed condos, houses, apartments, and vacation homes, as well as luxurious villas and land with sea or mountain views. Istanbul's real estate market is very profitable for purchasers from all over the world. Second, Istanbul property is one of Turkey's best, and owners will undoubtedly appreciate it, while investors will benefit from a plethora of rental opportunities and revenue possibilities.

Then there's the sun and sea, beautiful vistas and beautiful historical landscapes, friendly people, good value for money, freehold properties, cheap living expenses, prospective EU membership, and great prospective investments in Istanbul and its environs. Finally, purchasing real estate in Istanbul is a wise investment since the city offers extremely competitive prices to foreign purchasers. Over the last ten years, the average price of houses, villas, and flats in the city has increased by about 100%. The Turkish lira is still a currency to keep an eye on. Turkey's Lira has depreciated during the last year, making most foreign currencies more costly than the TRY as a proportion of 40. While real estate prices in Istanbul have fallen at the same time, international investors will profit twice.

Where Can I Purchase Land in Istanbul?

The most costly homes and families are in the city's heart, in the European and Asian Bosporus districts. A wide range of new structures, mostly high-rise tower complexes with retail malls, restaurants, and other amenities all under one roof, are attracting Turkish investors.

Besiktas, Bakirkoy, Kadikoy, Beykoz, Sariyer, Adalar, Uskudar, Sisli, Zeytinburnu, and Beyoglu, on the other side, are the most expensive districts in Istanbul. The districts of Bebek, Etiler, Ulus, Fenerbahce, Caddebostan, and Suadiye, which Atasehir and sell for extremely low rates compared to the comfort of luxury new renters, houses, and apartments found in Europe or abroad, are the most well-known neighborhoods of Istanbul. The cheapest districts in Istanbul's suburbs are Beylikduzu, Avcilar, Sancaktepe, Silivri, and Catalca (in that order).

These were some of the factors to consider while purchasing land in Istanbul. There are many reasons to purchase real estate for investment in this cultural and historical city, but it is up to you to decide where you will purchase the property and what you will do with it. Check out our post on the property purchasing process for additional information on the process!