Article Image
Feb 5, 2023

Ingredients of the Success of Real Estate Investment in Istanbul 2024

Real estate investment in Istanbul is one of the most prominent economic activities in this city, which ranks first in terms of population compared to the rest of the Turkish states. How can this sector not succeed when it has enough capabilities to advance it to the highest international levels!

Today Istanbul real estate and activities of real estate investment in Istanbul are in competition with the real estate of the most important European countries in terms of advantages and prices.

Here are more details about this special economic activity. Learn in these words about the elements of success of real estate investment in Istanbul 2024.

About real estate investment in Istanbul

Istanbul is the economic capital of the Turkish Republic and the most populous, most advanced, developed and modern state. Istanbul outperforms all Turkish states in various economic activities in the country: industry, trade, agriculture, education, tourism and finally real estate investment in Istanbul.

Movements of real estate investment in Istanbul are witnessing excitement, activity, and ever-increasing demand, according to many factors that we summarize in the following:

Related articles:

Istanbul's strategic location:

Istanbul has an important and distinctive strategic location, as it extends over the continents of Asia and Europe. Its Asian and European parts are separated by the famous Bosphorus Strait, which is classified as one of the most important global trade routes in addition to being a unique tourist phenomenon in the world. Not only that, but this has played a major role in real estate investment. In Istanbul, where everyone wants to own an apartment overlooking one of the three bridges of the Bosphorus Strait, which enchants with its beauty, especially at night with the sparkling lights on the waters of the Marmara Sea.

All this wide extension gives Istanbul real estate and various activities of real estate investment in Istanbul a lot of richness and diversity in specifications and offers. This makes it a huge economic gateway for Turkey, and it is difficult to bet on its weakness or failure at all.

Charming views:

You must have seen one of the famous pictures of Istanbul, which represents views of the Bosphorus Strait and its Bridges, on its banks, with villas, real estate, and successive cultural landmarks on its banks. Istanbul overlooks several bodies of water, including the Black Sea, the Sea of Marmara, and the Bosphorus Strait, with its beauty and splendor. Therefore, Istanbul real estate enjoys charming, exclusive, and stunning sea views, as we mentioned in the previous paragraph.

But these are not the only stunning views it enjoys. There are many forests and parks in Istanbul that apartments enjoy, such as the famous Belgrade Forest. The city also contains many natural lakes, such as Kucukcekmece Lake, and artificial lakes that are equally beautiful, such as the artificial lake in the Bahçeşehir region. It is worth noting that all these views make real estate investment in Istanbul a very profitable investment, along with other factors.

Advanced infrastructure:

Istanbul is characterized by natural resources, great moral treasures, and a very developed infrastructure, which gives various properties high value, quality, and distinction, which makes real estate investment in Istanbul the most feasible among other Turkish cities. The infrastructure of Istanbul is very strong and very developed, including highways, public transportation, entertainment facilities, services, and educational and health institutions. The closer the property is to these services and facilities, the higher its price.

Solid Turkish economy:

The solid and vibrant Turkish economy, which has proven its ability to withstand all local and global economic changes and crises, plays an optimal and greatest role in the advancement and continuation of various real estate renaissance projects in Istanbul and other states and cities. This durability has led to strong confidence among foreign investors in real estate investment in Istanbul without any fears of failure or loss.

Services:

The services sector in Turkey, including transportation, social, health, educational, cultural, and public service facilities, constitutes one of the main components and an important cornerstone in real estate development and the success of real estate investment  in Istanbul. This is exactly what we talked about in the infrastructure section.

Strategic projects:

Istanbul is witnessing the construction of many vital and huge projects, such as the New Istanbul Water Canal, the new Istanbul Airport, the third Istanbul Bridge, the new Istanbul Financial Center and many others, all of which are huge projects that will push the process of economic progress towards bright new horizons.

The importance of real estate investment in Istanbul near these projects is increasing day by day. Real estate in the areas near the aforementioned projects is witnessing increasing investment importance and increasing prices.

Tourism:

Due to the tourist nature of Istanbul and its world-famous resorts and tourist spots, it attracts tourists from all over the world to explore nature, civilization and heritage and enjoy their trips and holidays in the embrace of the beautiful Istanbul environment.

Tourism is one of the most important components of the success of real estate investment in Istanbul 2024 because it supports continuity and increases the markets’ need for new and constantly updated projects, especially investment projects in commercial and tourist units such as hotel apartments, motels, restaurants, stores, and others.

Government support for the real estate sector in Turkey: 

The Turkish government provides its loyalty and support to the real estate sector in Turkey to a large extent aiming to attract investment movements and huge capitals and pushing them towards investment and development in Turkey.

Government support for the real estate sector in Turkey is evident through many supportive decisions, such as reducing taxes and real estate fees for foreign investors and granting Turkish citizenship through real estate investment in Istanbul or any other Turkish city.

Real estate diversity in Istanbul:

Istanbul is witnessing an exciting real estate diversity, as it contains an abundance of offers and options with various specifications, including apartments, houses, villas, residential projects, shops, hotel apartments, and others. This makes real estate investment in Istanbul meet the desires of various investors.

Real estate prices in Istanbul:

Real estate prices in Istanbul are considered competitive and cheap when compared with their counterpart properties in various European countries, and this is what attracts Western and Arab investors and invites them to invest in real estate in Istanbul with competitive budgets.

Of course, real estate prices in Istanbul vary depending on many different factors and determinants, and this diversity provides many opportunities that suit all desires and tastes.

Real estate companies in Istanbul:

Real estate companies in Istanbul are the link between the investor and the investment treasures in Istanbul, Turkey. It is the ideal place to obtain consultations and advice and to buy and sell real estate in a guaranteed manner that guarantees all your rights.

These are the most important and prominent elements of the success of real estate investment in Istanbul 2024, despite the spread of the Corona pandemic across the entire world and the economic setbacks and wars that followed and affected all economic levels in various countries of the world. However, real estate investments in Istanbul and buying and selling movements did not stop. Istanbul real estate investments continued to succeed despite various difficult circumstances and accumulated obstacles.

Today and every day! We advise you to seize the elements of real estate investment success in Istanbul, start your investment project, and receive brilliant successes in your life.

If you would like to know more about real estate investment in Istanbul, do not hesitate to contact us via WhatsApp, here. The real estate consultant will contact you as soon as possible.

 

 

 

 

#akarkom_real_estate  #real_estate_investment  

#property #turkey_real_estate #turkish_citizenship

 

image

Be the first to recieve the latest news in our blog.

I’m okay with getting emails