How to choose the right place to buy commercial properties in Istanbul
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How to choose the right place to buy commercial properties in Istanbul

Created: 2023-11-20 Modified: 2023-11-28 Views: 373 Luxury Signature Admin
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Istanbul is one of the largest global cities and is a distinguished destination for real estate investment. The city of Istanbul has a distinct geographical location, advanced infrastructure, and a diversified economy, making it one of the most attractive cities for real estate investment in the world. The city is characterized by its rich history and cultural diversity and is an ideal place to invest in commercial real estate. Commercial real estate in Istanbul is in great demand by local and international investors, due to the high return on investment it achieves. But before making the decision to buy a commercial property in Istanbul, it is important to carefully study the real estate market and choose the appropriate place to purchase the property, as choosing the appropriate location is vital to ensuring the success of the investment and achieving the desired return. In this article, we will discuss the most important factors that should be considered when choosing the right place to buy commercial real estate in Istanbul.

 

Factors to consider when choosing the right place to buy commercial real estate in Istanbul

Here are the most important factors to consider when choosing the right place to buy commercial real estate in Istanbul:

Real estate market analysis:

Before starting to search for the appropriate location, you must have a good understanding of the state of the real estate market in Istanbul. This includes studying the market, average prices, and demand and supply trends. This, in turn, will help you identify places that have high investment potential.

 

Location:

Location is one of the most important factors that must be taken into consideration when choosing a commercial property, as it directly affects its investment value. Identifying key areas in Istanbul that are bustling with commercial life and experiencing sustainable economic activity is crucial. In general, commercial real estate located in lively and crowded areas enjoys greater demand and higher prices. Among the most important vital areas in Istanbul that have a high demand for commercial real estate are the following:

Tourist areas in Istanbul: such as Beyoglu, Taksim, and Besiktas.

Commercial areas in Istanbul: such as Levent, Sisli, and Atasehir.

Industrial areas in Istanbul: such as Beylikduzu, Buyukcekmece, and Basaksehir.

 

Population density:

Population density is one of the factors that affect the demand for commercial real estate, as areas with high population density attract more potential customers for commercial real estate. Among the most important areas with high population density in Istanbul are the following:

Residential areas: such as Umraniye, Beylikduzu, and Maslak.

University areas: such as Besiktas, Basaksehir, and Kucukcekmece.

 

Infrastructure:

Infrastructure plays an important role in determining the attractiveness of a commercial location. Areas containing facilities such as public transportation, schools, hospitals, and shopping malls are more attractive to investors. Also, infrastructure plays an important role in attracting potential customers to commercial real estate, as it makes it easier for them to access and use the property easily. The most important elements of infrastructure that must be taken into consideration when choosing a commercial property are the following:

Roads and transportation: the commercial property must be close to main roads and public transportation.

Public services: such as health, educational and recreational services.

 

Commercial services:

Areas that provide a variety of commercial services attract more potential customers for commercial real estate. Among the most important commercial services that must be taken into consideration when choosing a commercial property are the following:

Shops: they help attract potential customers from consumers.

Offices: It helps attract potential clients from companies and institutions.

Commercial centers: They provide a variety of commercial and entertainment services.

 

Economic trends:

Studying the economic trends of the area enhances your understanding of the local business landscape and helps you evaluate investment opportunities.

 

Promising future:

When choosing a commercial property, it is important to look at the promising future of the area, as future factors such as development projects and urban plans can affect the property’s investment value. The most important future factors that must be taken into consideration when choosing a commercial property are the following:

Development projects: such as road, transportation, and public facilities construction projects.

Urban plans: such as plans for developing industrial and commercial areas.

 

General tips to consider when choosing the right place to buy commercial real estate in Istanbul

  • Hire a specialist: A specialist in the field of real estate investment can help you choose the appropriate property for your needs and investment goals.
  • Conduct a market study: A comprehensive study of the real estate market in Istanbul must be conducted before making a purchase decision.
  • Price comparison: Prices must be compared between various available commercial properties before making a purchase decision.

 

What distinguishes commercial real estate in Istanbul?

  • Real estate laws in Turkey are flexible, which makes it easier for foreign investors to purchase commercial real estate in Istanbul. The Turkish government also grants foreign investors many benefits, such as tax exemptions, residence permits, and Turkish citizenship.
  • Commercial real estate in Istanbul achieves a high return on investment, ranging between 6% and 12% annually. The high return on investment attracts investors to commercial real estate in Istanbul.
  • Istanbul occupies a vital strategic location between the European and Asian continents, making it a center for global trade. The city has modern seaports and international airports, which contribute to facilitating the movement of goods and stimulating business. Also, Istanbul is located on the Bosphorus Strait, which connects the Black Sea and the Sea of Marmara, making it an important commercial and economic center on the global level. The distinguished geographical location contributes to attracting international companies and institutions to Istanbul, thus increasing the demand for commercial real estate there.
  • The city of Istanbul includes traditional popular markets and modern shopping centers, which enhances the attractiveness of commercial areas, where investors can benefit from this difference and provide services and products that meet the needs of the city’s diverse residents.
  • The city of Istanbul is witnessing continuous development in infrastructure, with the construction of huge road and public transportation projects. This contributes to connecting areas and improving access to and use of commercial properties, making commercial properties in the city more attractive and thus increasing demand for them. Istanbul has a developed infrastructure, with roads, modern transportation, and public and service facilities.
  • Istanbul is witnessing sustainable economic growth and is a preferred destination for business and investment, as the diverse economy provides promising opportunities for emerging companies and international investors. Also, Istanbul has a diverse and active economy, playing a leading role in the tourism, trade and industry sectors. The economic growth in Istanbul contributes to increasing the demand for commercial real estate, as companies and institutions seek to expand their business and increase production.
  • Istanbul has a strong reputation for safety and political stability, which enhances investor confidence and makes commercial real estate in the city a reliable option. Istanbul has a high level of security, which makes it a stable investment environment.
  • The cultural diversity of Istanbul's population gives the city a unique character, making it an attractive destination for investors of different nationalities and cultures.
  • Commercial real estate in Istanbul is easy to sell, as the city’s real estate market enjoys active trading activity, and commercial real estate in Istanbul is characterized by low maintenance costs.

 

Choosing the right place to buy commercial real estate in Istanbul is one of the most important factors that affect the success of the investment. Therefore, it is important to study the real estate market carefully and choose the appropriate property for your needs and investment goals. By choosing the right place to buy commercial real estate in Istanbul, you can make the most of investment opportunities. Take great care in analyzing data and consult market experts to ensure an intelligent and successful investment decision.

Frequently asked questions

What tips should be taken into consideration when choosing the right place to buy commercial real estate in Istanbul?

Hire a specialist: A specialist in the field of real estate investment can help you choose the appropriate property for your needs and investment goals.
Conduct a market study: A comprehensive study of the real estate market in Istanbul must be conducted before making a purchase decision.
Price comparison: Prices must be compared between different available commercial properties before making a purchase decision.

What distinguishes commercial real estate in Istanbul?

Real estate laws in Turkey are flexible, which makes it easier for foreign investors to purchase commercial real estate in Istanbul. The Turkish government also grants foreign investors many benefits, such as tax exemptions, residence permits, and Turkish citizenship.

What distinguishes commercial real estate in Istanbul?

Commercial real estate in Istanbul achieves a high return on investment, ranging between 6% and 12% annually. The high return on investment attracts investors to commercial real estate in Istanbul.

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