Owning your own home in Istanbul as an investment

Buying a home in Istanbul. Choosing a neighborhood

So, buying a house in Istanbul, how to choose the right area. Like any other metropolis, Istanbul is no exception, and the cost of real estate in it varies depending on the location. The area is considered the main indicator of prestige, from which traditionally high prices are set. People with a high income level choose a place like Besiktas. The largest business centers, which are the heart of Istanbul, are located here, but there are practically no cultural attractions, which makes the area uninteresting for tourists. There is also no metro in Besiktas, but land transport links are well established, so it will not be difficult to get from here to any part of the city.

The Beyoglu district, although considered elite, is more accessible for buying and renting housing for a long time. Several consulates are located here at once, as well as many other objects of historical significance, which attracts tourists. Expensive supermarkets and sports clubs are organically combined with numerous bakeries, markets, bars and other establishments that visitors and people with average incomes are used to using.

Accommodation in Istanbul with a view of the Bosphorus can be found in the Saryer district, which is a favorite among wealthy people. The summer residences of famous political and public figures, show business stars and just very rich people are located here. However, despite its proximity to the strait, swimming in its waters is not recommended. But sunbathing on the local beach is quite possible.

Affordable housing in Istanbul is represented in such areas as Kadikoy, Bakyrkey, Fatih with its world-famous Sultanahmet, Karakey, Beylikduzu, Laleli. Almost all of them provide an opportunity for comfortable living in a beautiful historical place. Busy streets and stunning sea views-here everyone feels like they are on a holiday of life, even if they did not come to relax, but to solve important issues.

The cost of housing in Istanbul, what is it?

The construction and development of the city are amazing. It is logical that in such conditions, real estate prices will only grow. Even if you are buying a house in Turkey not for permanent residence, but to invest a certain amount of money, in any case this is a far-sighted and reasonable act. As for prices, this year the cost of real estate in Besiktas and Saryer starts from 50,000 dollars for the so-called studios and ends with 7-8 million dollars for the purchase of luxury apartments.

Beyoglu is at the same level in terms of affordable housing, but the highest threshold here is completely different – 1.5-2 million dollars. In residential areas for middle-class people, the minimum cost of studio-type living space is $15,000-$25,000. If we talk about an area comfortable for a whole family to live in, this is around $85,000-$150,000 on average.

Inexpensive housing in Istanbul is quite real and, if desired, you can find real estate that will satisfy most of the points necessary for a normal life. If you want to buy a house in Istanbul at an affordable price, Real East real estate agency will always help!