About the city
Istanbul is a metropolis in Turkey, located in a hilly area, in the northwestern part of the country, on both sides of the Bosphorus and in the southern part - on the coast of the Sea of Marmara.
The climate is subtropical, in winter the temperature is from 0°C to + 10°C, rarely drops below 0°C. Snow falls for a short time. In spring and autumn it is not cold, in summer it is moderately hot (+ 20-28°C).
This is the industrial center of Turkey, which contributes to the budget about half of all taxes collected in the country and produces about a third of the country's gross national product. The following industries are developed here: food production, tobacco, cotton, olive oil, textiles, petroleum products, rubber, metal products, leather, chemicals, electronics, glass, equipment, paper products, alcoholic products, and car assembly. A significant proportion of Turkish pharmaceutical companies are based in or near Istanbul.
Benefits of living in Istanbul:
- comfortable weather with lots of sunny days,
- highly developed infrastructure,
- the presence of two seas and equipped beaches,
- business atmosphere,
- multicultural tolerant society,
- safety,
- exciting, comfort-filled leisure,
- good prospects for a profitable investment in apartments on the secondary market.
How to profitably buy an apartment in Istanbul from the owners (investment nuances)
Resale is in demand for many years in a row, because:
- the cost of secondary real estate is relatively low,
- housing can be rented out and you can receive income (many potential tenants come - tourists, businessmen, professionals and students).
Sale of apartments in Istanbul provides for a wide choice in terms of location, quality of repair, price, and surrounding infrastructure. The secondary market is represented by attractive options for apartments: elite, economy class, located in the center, by the sea. Studios and one-room apartments (for recreation, renting out) are popular.
Of course, the district in which the owners offer to buy an apartment plays a huge role. And here it is important to understand which one is good for investment and comfortable for life. It is necessary to evaluate many parameters and have all the information available. Most of the population of Istanbul lives in the European part of the city, there are especially many tourist routes and attractions. And the most affordable cost of an apartment in Istanbul is a plus for the Asian side.
If you are buying an apartment for living, it is better to choose the following areas: Bakirkoy (relatively cheap apartments in Istanbul), Kadikoy (quiet, cozy, many parks, shops, bazaars and shopping centers), Sariyer (beautiful, near the Bosphorus coastline). For future renting, it is advisable to buy apartments in Beyoglu (the epicenter of tourism, Besiktas (safe and green), Fatih (many offices and attractions). If you would like to invest for a short time and for further resale, then it’s wise to consider these areas: Kartal (inexpensive) and Beylikduzu (many parks, schools, and three universities).
The GEOLN.COM website with a convenient search interface helps investors to buy apartments in Istanbul without intermediaries. It is quick and easy to select an option according to the necessary parameters (offers of verified objects with photos). You can get expert advice there too. Owners of investment objects put up their options for sale on the site on their own.
Prices for apartments in Istanbul
Prices for the secondary market of apartments in Istanbul, according to the real estate search engine GEOLN.COM, range from $82,300 and up.
Investing in a resale property in Istanbul provides an excellent quality of life and a stable rental income in a city popular with tourists, students and businessmen.