Cheap property in Istanbul is an attraction for many, especially foreigners for many reasons such as tourism, settlement, or investment. Istanbul is a very large city that offers great investment opportunities as it is a global business center and has a large area where you can find different options until you decide on a suitable choice.
Property in Istanbul is considered much cheaper than in Europe, for example, and they also allow different payment plans that really smooth out the whole process of ownership, especially for those with a limited budget, therefore it has been the center of attention for many foreign independent businesses and newcomers.
This also allows investors to make high profits by investing in cheaper areas to maximize their profits.
Turkish construction and development companies have ensured that projects emerge with a wide range of options for all purposes and desires, which goes hand in hand with the work of the Turkish government is offering tax exemptions for real estate to encourage more projects.
The approximate price for a studio unit in Istanbul starts from 120,000$, which is a one-bedroom apartment.
The price increases with the size and number of rooms. Bahcesehir, which has an advantageous location offers cheap property for sale in Istanbul.
You can easily reach not only the city center but also the Ataturk International Airport within a 20 mins drive.
Prices can vary between 100,000$ – 200,000$ for a one-bedroom apartment in Bahcesehir.
What are the advantages of buying cheap property in Istanbul?
There are of course many advantages of owning a property in Istanbul or Turkey in general some of which are :
Applying for Turkish Citizenship, since owning a property in Turkey is one of the top qualifications for obtaining citizenship.
Istanbul is one of the tourism centers of the world!
Presence of foreigners, especially Arabs, alongside international schools and universities.
Istanbul has the strongest infrastructure in Turkey.
The presence of so many schools and universities, health centers, and hospitals, makes it very appealing for those who are looking to settle.
In simple words: Istanbul opens up a very wide range of investment opportunities.
Owning property in Istanbul, what are the options?
We will go through each type of property you can own in Istanbul.
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Istanbul has experienced a significant leap in its commercial and tourist location between the countries of the world and is the commercial link between the Eastern and European markets. It is one of the most important cities that attract foreign companies and projects for these reasons as well as the subject of this article and is real estate licenses in Istanbul compared to other countries, which makes it smooth and more savings and profitable.
Land
Turkey is one of the most profiled countries in agriculture among neighboring countries, so land is especially important. Foreigners may well invest in it and buy and use it for various purposes, the most important of which is agriculture or profit through the sale as land prices rise.
Villa
Villas are spread across all regions of Istanbul and are the second most traded property for foreigners.
Istanbul villas have several special features, the most important of which are their affordable prices and location in one of the world’s major tourist centers, high-quality construction, and unique design.
Villas can be rented permanently or only when not in use or as a source of income to benefit from rigid capital.
Apartment
Living in one of the most beautiful tourist cities in the world and enjoying all the tourist attractions that this city has to offer is a dream of so many people and it can become true for you with our help finding you the best option and most importantly, a budget-friendly one.
The investment opportunities in Istanbul are diverse, and there is the possibility of combining living and working in one place, in the residential complexes that provide you with business premises in addition to apartments.
Apartments are among the most important investments for foreigners. The age of the apartment, the quality of the building materials, and the quality of implementation are the most important determinants of the property price.
The larger the apartment area and division of rooms, the more expensive the construction.
Building prices rise with strong infrastructure to increase their cost and multiple opportunities for use, especially those with features with global standards such as sound insulation, heat, earthquake resistance, and multiple forms of entertainment in construction.
The importance of the site in setting prices in Istanbul real estate:
Central property location: views of the sea as the famous Marmara Sea and proximity to the city center and proximity to markets and trading centers. Demand for any property that possesses these specifications rises to facilitate mobility and time and reduce expenses
Transportation: The location of the property on the transportation lines gives it greater importance and demand as both commercial and residential properties are preferred to be close to the main transportation lines
Cheap areas in Istanbul
Beylikduzu is one of the most favorable areas to invest in Istanbul and is located on the European side of the city, where it has one of the most beautiful and stylish buildings against very competitive prices for other areas.
The prices get lower and lower as you move away from the center and look among the apartments of age. Some neighborhoods of Beylikduzu have these properties and you can find apartments for the price of 200.000 USD!
Esenyurt is also one of the main and cheap areas in real estate and its inner neighborhoods are characterized by its licenses from the rest of the neighborhoods and can find apartments with prices starting from 120.000 USD!
There are multiple cheap areas you can look into as well like Silviri, Kartal, Pendik, Tuzla, and Sultanbeyli.
You can find the best and most suitable option for your desired purpose, be it leasing, renting, investing, or settling down with your family by contacting us as our professional real estate consultants will provide you with all the help you need.
