Reasons for Property Investment in Developing Regions of Istanbul
One of the most preferred investment instruments is to make real estate investments in Turkey. Considering the long term, real estate investment is among the most profitable investment tools. High immigration areas such as Istanbul and the districts where the demand for real estate is intense always provide a profitable investment. In this article, you can find about reasons for property ınvestment in developing regions of Istanbul.
Turkey with all the provinces where most home sales in general, and forming part of close to 20 percent of annual total home sales in Istanbul alone, continues apace in housing purchases for investment purposes. Istanbul, which has been a priority province for both domestic and foreign investors for years, is located in a central location where the mobility in the real estate market never decreases. Its population exceeding 15 million and the rate of population growth exceeding the expected make Istanbul the capital of major construction projects as well.
Property Prices by Regions in Istanbul
Especially in the 9 years since 2010, there has been an increase of 106 percent in housing prices for sale in Istanbul. The investment housing price in Istanbul varies from one thousand eight hundred lira to 4 thousand lira per square meter. However, experts advise investors not to rely solely on residential square meter prices in real estate purchases. In addition, the need to consider the growth and development potential of the region to be invested in the short term is emphasized.
Similarly, when looking at the business premises for sale in Istanbul, the prices this time include changes in each of the business centers or industrial sites. Workplace investments in Istanbul make money for investors over 120 percent in sales and over 56 percent in rentals.
Attention to Eyüp and Göktürk
In property investments in recent years, Eyüp was the district that earned most to investors in apartment prices for sale in Istanbul. The increase in housing prices across Eyüp district reached 20 percent. This district spreads to a very large area in Istanbul. On the other hand, the increase in housing prices especially in the Göktürk region is remarkable. Compared to the previous years, it is known that the percentage of housing price increase in Istanbul was 8 percent. It is easy to see that the 20 percent increase is more than twice the average.
Canal Istanbul Route
Canal Istanbul is a waterway project designed to extend from the Black Sea to the Marmara Sea on the European side of Istanbul. Due to the Canal Istanbul project, which will be launched soon; It is predicted that both housing and land prices in Küçükçekmece, Avcılar, Esenyurt, Arnavutköy and Başakşehir Regions will increase significantly very soon. Therefore, while planning investment, great attention should be paid to this route.
What Should Be Considered When Making a Property Investment in Istanbul?
Experts emphasize that those who will purchase an investment house in Istanbul must act according to the sales speed in the regions. In this regard, they talk about the sale rate and prices of the houses built recently, before the old houses. Recently, the increase in the population rate of the region and the potential to receive annual immigration also stand out as another feature to be paid attention to the purchase of houses for sale from the owner. Apart from this, the condition of the neighborhoods around the house to be purchased, the possibility of urban transformation, the state of the investments in the region are also very important.ENQUIRE NOW