The idea of real estate investment and the purchase of real estate in Turkey today has become popular and widely spread among real estate investors because of the success and distinction this investment offers them, and what is striking is that almost everyone or what they think of the Turkish city of Istanbul without all other cities, why this bias? What are the features that Istanbul possesses that other cities do not possess? The likely reason for this is that it has a large real estate diversity and many options, so what is it? It can be found in the following article.
-Why do so many people buy real estate in Istanbul?
In other words, what is the purpose of buying real estate in Istanbul? The answer is straightforward. The real estate of this city can meet more than one purpose. Its apartments and real estate can be for housing and stability, and it can be for investment and earning enormous profits, and this is most likely, and some buy real estate in this city to spend the summer holidays.
What are the most critical real estate options that can be found in Istanbul?
1- Residential apartments:
This type of real estate may be of most interest to real estate buyers, usually in Istanbul or elsewhere, and of course, Istanbul is full of these apartments. They are also available with many options. There are apartments located within residential complexes, which most people prefer. It includes different types of apartments; there are penthouses and townhouses, but they are known for their high prices. Some apartments outside residential complexes are modest in price, some are luxurious, and some are average.
2- Tourist real estate:
Istanbul, the city of beauty, is known as the first haven for tourists when they choose Turkey for their tourism activity. The first thing they choose is Istanbul for their knowledge of its incredible history and the many civilizations it has gone through, in addition to the diversity of its natural manifestations. As a result of all these details, real estate investment in tourist real estate will have a bright and secure future. The most important of these properties are hotels, cafes, and restaurants, especially if their location is correct, as if it is near the tourist places, then their profits will be guaranteed and large.
3- Commercial real estate:
Indeed, in a city intended by everyone, commercial real estate will have a fantastic future, as it is the destination of tourists, it is the destination of businessmen as well, and among the most important of these real estate are malls; for example, investing in them will be excellent, as it is almost the destination of everyone who steps into the Turkish lands, along with the local population. In addition, we have As well as educational institutions, medical centers, and offices that can serve as centers for several goals; all of these types record fantastic annual profits and are in great demand, but it is always recommended that they be chosen near what is similar to them to have better results.
4- Villas and palaces:
Istanbul is one of the most Turkish cities suitable for buying villas because of its beautiful nature and view. Villas can be found in Istanbul of all kinds, tourist and ordinary, etc., and palaces are an opportunity in that city, especially the historical one; no matter what the real estate option is, its profits will be sure, especially if it is chosen. Deliberately and correctly.
How can you profit from all the real estate options we presented above?
As we have seen, the city offers many real estate options to lovers of real estate ownership, but the question is how to make profits if purchased for real estate investment. Many means achieve this end so that it can be rented and a fixed income can be obtained at the end of each month or the end of each year, and the vast majority of people prefer this method. And taking advantage of the price difference is also one of the ideas that some people follow. Another idea is choosing the old used property, making some maintenance and modifications, and selling it at a high price.
So, after all these lines, we find that the real estate in Istanbul is many and varied, and we have explained in more than one way how it can be exploited to earn profits if the goal is real estate investment; as we mentioned, the reasons that made many choose it, so will Istanbul also be an option for you.