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Istanbul’s ideal locations for Property Investment

Istanbul is a large city extending over two continents, Europe and Asia, divided into 39 districts. For that specific reason foreigners planning to invest in properties for sale in Istanbul find it difficult to choose the ideal location to purchase properties. The positive side to Istanbul is that it has a variety of options in terms of lifestyle, from a modern environment to traditional local settings. It covers all aspects whether it is a friendly neighborhood near the local markets or a high standard luxurious neighborhoods. Investing in Istanbul can suit many budgets, different apartments at affordable prices for first-time investors testing the market. Therefore, the main factor to deciding where you should invest in Istanbul lies on your preference. 

Another fact to consider is the reason behind the purchase of such property. If the investor’s main reason is to get a rental income from it then the ideal place to invest in would be the business districts and neighborhoods where tourists and expats reside. The ideal home for someone who is planning to rent long-term would be in a friendly location close to transportation links, grocery stores and banks where they can find all the necessary facilities that they may need. 

By observing the real estate market and the popular areas that contribute to the growth of the Turkish market offering a capital gain, a rise in the value of the property after it has been purchased, some areas in Istanbul stand out more than others. 

One of the most popular areas for investment in Istanbul is Beylikdüzü in the European side of Istanbul. Beylikdüzü is currently attracting many property investors because of its city planning, green areas, friendly environment, coastline and the variety of choices of available from residential areas that present one to five bedroom flats to villas with large surfaces. Also it has many respectable universities, fine dining restaurants, entertainment centers and shopping malls. 

Another area worth mentioning is Esenyurt, an up and coming neighborhood that has been remarkably emerging in the last years with new developments and projects. This area attracts many investors because of its closeness to the third international airport (Istanbul new airport) which is one of the best and largest airports in the world. Esenyurt offers affordable apartments, great transportation links with easy access to the city center and a wide variety of shops, shopping centers, schools and universities. At the moment, many professional workers live there with their families. 

Başakşehir, is only 30 minutes away from Istanbul New Airport in the Euopean side of Istanbul and is one of the fast evolving areas due to a high number of foreign investments. The area is filled with shopping malls, great facilities, hospitals and children parks. It is a calm and modern neighborhood offering a noiseless lifestyle close to the Botanic park, one of the biggest botanical gardens in Turkey, raising the value of the assets and properties around that area. 

Küçükçemece presents one of Istanbul’s most beautiful sunset views. The “Küçükçemece” lake is a great attraction for property buyers. This incredible district, that lies on a lagoon holding its same name, allows the property investors to purchase properties near the Maramara seaside at an affordable value. Luxurious residential establishments and villas are being built in the area as well as modern facilities and foreign language schools. This district is close to the canal route, which is an enormous project and is currently driving buyers from every part of the world to buy properties in that area. All these factors are enabling Küçükçemece to grow and attract many foreign investments. 

Bağcılar is an evolving district, where the working-class resides mainly. It is close to the TEM and E5 highways allowing the professionals to travel easily. This area has been known for comprising the sectors of media, cars, textile and printing. Yet in the last years many improvements have been added to it including the construction of new green areas and residential projects. 

Every district in Istanbul holds special values and essence. This variety distinguishes Istanbul from the rest of the other industrial cities of the world. It is a focal point that makes Istanbul a favorable destination to invest and live in.

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4 Major reasons to invest in Turkey

4 Major reasons to invest in Turkey

Istanbul is one of the major cities in the world, due to its location in the center of the world, linking two continents, Europe and Asia, the variety of cultures and the great history behind this city. 

Turkey has become one of the most competitive markets in the world in the foreign investment sector, since the change of foreign direct investment law in 2003. 

From 2003 until 2016, foreign direct investment in Turkey had developed to 180 billion USD.

The government has made major changes in real estate sector, to encourage investors from all over the world to come and invest in properties in turkey. They created many incentives and facilities which made it easier for foreigners to get their title deeds and any person who spends more than 250,000 USD on a property is authorized to get a Turkish citizenship. Turkey also improved the investment environment by decreasing the costs and transactions to establish a company in Turkey, simplifying the procedure and protecting the rights of investors in Turkey.

First reason, Turkey has a strong economy that will keep growing and moving forward year after year with all the problems and political conditions in the region. Turkey’s economy occupies the 17th position in the world. Economic experts predict that by 2020, the Turkish economy will be part of the trillion dollar ranks along with the top 10 other economies in the world such as Russia, China and the USA.

Turkey in the last 14 years has become a manufacturing center for many international companies such as Ford and Nestle.

There are over 500 international companies in Turkey specializing in different sectors like agriculture, textile, manufacturing and processing, health and medical care, construction and transportation. 

Last year exportation in Turkey reached 20 billion from different industries. The successful development of the Turkish economy is a result of the 2023 vision plan for Turkey.

Second reason is the strategic location of Turkey, it is the bridge between the east and west which makes it a perfect location for investment. Surrounding nations are all interested in mutual successful investment partnerships with turkey, from Asia to Africa, middle east and Europe.

Turkey’s perfect location makes it also attractive to tourists from all over the world. These existing facts will develop even more with the new Istanbul airport that will be a major international hub for tourists and business investors. The new airport promises a brighter future to Turkey and to Istanbul specifically, which is proved by the big investments that are taking place around the area that surrounds Istanbul New Airport.

Third, the urban infrastructure in Turkey have seen strong improvements. Turkey is becoming the world leader in infrastructure. Major projects have been made to improve the conditions of highways that were ignored for so many years, and new roads and bridges have been created to make life easy and avoid traffic.

Besides that, ongoing mega projects are taking place in turkey which will help in the growth of turkey’s economy such as the new canal of Istanbul, the third new airport, the big tunnel and other factors. 

In the real estate sector, suburbs are turning into modern megacities which shows that the standard of living is also developing. Many constructions, modern housing projects and towers have been created for foreign buyers to invest in buying properties in Turkey.

Integrating social and community features with these modern houses along with stunning views, and the high modern technology made Istanbul more attractive to investors to buy a property in Istanbul.

Fourth, Turkey’s future looks very bright with all the achievements reached in the last 20 years. It is a country with great opportunities, prospects and big vision. With the determination and strength, it proved to the whole world that it could recover in the past 3 years after the terror attacks that happened in 2016 in Turkey and other countries around the same period.

The results of turkey’s economic growth and development in the past years are impressive. Turkey still has 5 years to complete the 2023 vision plan which will enable Turkey to become one of the top economies in the world, most visited country and one of the best tourist destination.

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Istanbul New Airport, the largest airport in the world.

Istanbul New Airport, the largest airport in the world.

Istanbul New Airport opened its doors officially on October 29, 2018 and is the biggest infrastructure investment that has been ever made in Turkey. It will be the main airport of Istanbul by April, 2019. The new airport is expected to be one of the largest airports in the world with an annual capacity of 200 million passengers and will require two terminals, operating flights from Istanbul to more than 350 destinations. Holding this great capacity will result to connecting Istanbul even more to the rest of the world enabling the Tourism sector to grow remarkably.

It is stated that the airport holds 6 independent runways, 16 taxiways and a massive parking lot. In addition to the plane parking which has the capacity to hold 500 airplanes suitable to operate any type of aircraft. The airport also includes shops, duty free areas, VIP halls, restaurants, hotels, health centers and mosques. The airport’s Terminal 1 will provide a large space for passengers to move freely and will have an arched ceiling providing natural sunlight with a subtle geometric design. The new airport will also cover all the facilities to ensure the safety and comfort of the passengers, branding Turkey as one of the most developed countries of the world. 

The new airport will offer jobs to more than 225.000 people by 2025 providing income with a value of 4.5 Billion USD to several Turkish house holds and having a share approximately 4.5% in GNP. These numbers alone show how efficient and beneficial the existence of this airport can be to Istanbul and the rest of the country.

With the opening of the new airport, Istanbul will take a greater part in the aviation sector since it has been known to connect the East and West for years. This airport will be a driving power to improve the Turkish economy, bringing new investments and business to the country.  Turkey’s position will be consolidated as a new center and a link connecting the world and driving foreign projects to the region. 

Istanbul New Airport will be a key factor to the growth of tourism and the improvement of the Real Estate market in Istanbul bringing new projects to the table. Statistics prove that the first months of 2019 have shown an increase in Istanbul property sale by 87% compared to that same period last year. It is also estimated that this growth will keep rising year after year.

Ever since the airport opened its doors to foreign visitors, foreign investors started showing interest in purchasing lands around the area of the airport. The airport location is in the northwest of the city in the district of Arnavutkoy in the European side of Istanbul. New projects and residential units were built in that area and foreign investments were generated mainly by Arab businessmen from Saudi Arabia, Qatar, Kuwait and Lebanon. 

Istanbul New Airport’s location will be transformed into an attraction center. New shopping centers, residential units and hospitals will be established and a new metro line will be constructed to facilitate transportation and eliminate traffic.

The new projects will be built on a large scale connecting new areas to the city center and allowing real estate in Istanbul to expand and grow.

Istanbul’s cultural heritage and geographical position allowed it to become a joint assembling many countries and enabling them to generate business with one another which is why many trade conferences are being held in Istanbul. Also with the remarkable third airport opening, showcasing new technologies and facilities. Foreigners are drawn to investing in Istanbul, as the new hub for business and leisure. Thus Istanbul will continue to grow as an industrial capital hosting many international summits and attracting diverse foreign investments in many sectors. 

The real estate field in Istanbul is observing an increase in properties sales hand in hand with the opening of the third airport in Istanbul. Real Estate experts confirm that Turkey has become one of the most chosen countries for investment and buying luxury homes, after the establishment of the Istanbul New Airport. The airport will rank Turkey among the top 10 global economies, which will drive many investors from the neighbor countries to consider purchasing properties in Istanbul

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