What to Look for When Shopping for Property in Istanbul

Stretching across both Europe and Asia, Istanbul stands as a vast metropolis comprising 39 districts. The city's dynamic geography includes 14 districts on the Asian side and 25 on the European side. With a rich history that spans various empires and a current status as Turkey's business hub, Istanbul is the top choice for numerous expats seeking investment opportunities in the country.

The swift evolution of this city has triggered a substantial surge in its real estate market value. Furthermore, international investors are actively acquiring local properties to capitalize on its position as Turkey's trading hub. Simultaneously, numerous investors are directing their funds towards contemporary residential complexes strategically positioned in Istanbul's most captivating locales.

Are you considering buying a property in Istanbul too? Read this guide by The Guide Real Estate to know what to look for when shopping for property in Istanbul.

Establish Your Requirements & Expectations

Prior to delving into the search for a property in Istanbul, defining your objectives can significantly enhance the value of your purchase. Whether the intention is to rent it out, resell it, or make it your primary residence, determining your goals at the outset of the buying process is pivotal. Consider these criteria when exploring properties in Istanbul to ensure your investment aligns seamlessly with your expectations.

Decide Which Area in Istanbul 

As highlighted earlier, Istanbul boasts a diverse array of districts, each with its unique demographic character. Some districts, though older, remain highly coveted, situated near the sea. Meanwhile, others, positioned away from the city center, are experiencing substantial development and poised to gain popularity in the near future.

Arnavutkoy, Bagcilar, Avcilar, Beyoglu, and Besiktas stand out as sought-after districts on the European side of Istanbul. Additionally, Basaksehir attracts numerous foreign investors due to its offerings of high-quality residential real estate options. For individuals desiring proximity to the central business areas of Istanbul, neighborhoods like Sisli and Kagithane on the European side are often preferred choices.

On the Asian side, top choices for real estate investment include Kartal, Pendik, Kadikoy, Atasehir, and Uskudar. Istanbul's real estate market, renowned for its impressive return potential, remains in high demand overall. Expats, in particular, are increasingly turning to districts situated on the outskirts of Istanbul due to their affordability and robust transportation links to the city center.

Explore these districts and choose one that can offer you the desired environment and has all the facilities you expect. 

Our blog post, "5 Reasons to Buy Property in Istanbul, Turkey,” highlights what Istanbul real estate offers investors. 

Weigh Your Options

Thoroughly scrutinize all your real estate options, avoiding reliance solely on pictures and bold promises in advertisements. Make it a priority to visit the area and inspect the project firsthand. Stroll through the district, exploring various neighborhoods to gain a comprehensive understanding of the property's surroundings. Verify if the property possesses all the specifications claimed in the advertisement. A hands-on approach ensures a well-informed and discerning decision-making process.

Moreover, even if a specific property captures your interest, refrain from concluding your search there; explore a few more options. Having multiple choices allows you to compare and ultimately select the one that best aligns with your budget and preferences.

Run Proper Checks

This step is of utmost importance. Once you believe you've settled on a property for sale in Istanbul, conduct thorough checks. Verify that the property was legally constructed and ensure that all its documentation and paperwork are in order. Ensuring the legal and administrative aspects are sound is crucial for a secure and hassle-free real estate transaction.

Be cautious if you find a property in Istanbul at an exceptionally low price, as it may lack vital paperwork. Such discrepancies can pose challenges in obtaining the title deed post-purchase. Always ensure all necessary documentation is in order for a smooth transaction.

Furthermore, it's crucial to confirm that the property's structure is earthquake-resistant. Given Istanbul's susceptibility to earthquakes, ensuring the purchased property can withstand seismic activity is essential for safeguarding your investment.

So, before settling on the purchase, investigate and analyze all the details.

Visit our properties for sale in Istanbul, Turkey, and explore all the prestigious flats, mansions, villas, and office units we have. 

Work With a Trusted Real Estate Consultant

As the real estate sector continues to grow, numerous consulting companies cater to foreign investors. It is imperative to engage only with a reputable real estate consulting firm that places a priority on your interests and satisfaction. Choose a company with a solid reputation to ensure a reliable and satisfactory experience.

A seasoned consultant possesses wide-ranging connections in the real estate sector, facilitating the discovery of excellent properties, guiding you through the buying process, and endeavoring to secure the best possible value for your investment.

Read our blog “Why You Should Consider a Consultant When Moving to Turkey,” which outlines all the advantages of working with a real estate consultant.

Istanbul Real Estate Can Qualify You For Turkish Citizenship

This serves as a key draw for foreign investors considering property purchase in Istanbul. With a minimum investment of $400,000 in Istanbul real estate, you gain the significant advantage of eligibility to apply for Turkish Citizenship.

Go With The Guide Real Estate

What sets us apart in the industry is our expert, multi-lingual team of consultants. With a keen understanding of your needs, we offer a range of exceptional property options. Our dedicated team ensures you have an outstanding property-buying experience in Istanbul.

Furthermore, our legal team is dedicated to handling our clients' citizenship applications seamlessly once the property purchase is finalized. Book your consultation with us now to secure your ideal property and streamline the citizenship process.

More to read from us: 

Explore The Sophisticated Anthill Residence