Residential Apartments in Istanbul Inside and Outside Residential Complexes

Residential apartments in Istanbul inside and outside residential complexes. What is the difference, I wonder? A question comes to us from dear customers who would like to obtain clarification of this, as they were confused about the names related to regular residential apartments and apartments in residential projects and complexes.

There is certainly a difference between the two terms, not only in meaning but also in value, as the value of apartments inside residential complexes increases by rates that may reach more than 30 percent of what it is in apartments outside them, so it is necessary to understand both terms in order to get an apartment that is suitable for you in Turkey.

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In our blog, we are accustomed to covering everything related to real estate in Turkey , and we still offer that. One of Damas Turk Real Estate’s goals is real estate education for all its followers and clients from all countries, and our article today we summarized it with the address of residential apartments in Istanbul inside and outside residential complexes . Let’s dive into the depths of that. 

Residential apartments in Istanbul inside and outside residential complexes

Let's get to know what each type is and talk about its details as well, and start by getting to know residential apartments outside residential complexes.

First: Istanbul apartments outside residential complexes 

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• By this we mean apartments located in medium-rise residential buildings that do not exceed 4 to 5 floors in general in Istanbul. These buildings are present in all areas of Istanbul , and are not limited to areas below others. Some of them may be decades old, and others are ready or under construction. Construction.

• These apartments are usually built by construction companies or fairly simple building contractors, and these apartments are managed by one of the residents of those buildings, who handles all matters, procedures and accounts related to the buildings and their distribution, while following up with the owners of other apartments. What are the advantages and disadvantages related to them? We will leave that for the next paragraph. 

Second: Apartments within residential complexes

• Apartments within residential complexes are another world of beautiful and good apartments. These apartments are usually within complexes whose buildings are more than 8 stories high and may reach 40 or 50 as well! They are present in all regions, and most of these complexes are new or were built at least 5 years ago. 

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• These complexes and projects are built by major construction companies with a wide reputation, because the construction costs for such projects are large and imaginary numbers, and small companies cannot cover all the costs in constructing such huge towers and complexes, and they are supervised by a specialized management for that by the construction company itself. 

Advantages and disadvantages of residential apartments in Istanbul inside and outside residential complexes “in general”

First: Advantages and disadvantages of residential apartments outside complexes in Istanbul in general

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↫ We begin with you by talking about the advantages of residential apartments outside residential complexes, which are as follows:

• Low floors for those who like medium-rise buildings, with a maximum of 4 or 5 floors
• Enhancing the social environment, meaning there are fewer neighbors and greater social contact between them. 
• There are no dues that must be paid, such as fees in major complexes, due to the lack of many services.

↫ As for the negatives and disadvantages related to residential apartments outside the complexes, they are as follows:

• Scarcity of high-end services compared to residential complexes, such as swimming pools, gardens, etc. 
• These residential apartments are located outside the complexes in areas that appear to be irregular, “buildings for buildings, and so on.”
• Low floors and not suitable for lovers of high altitudes. 
• Daily problems may occur because of neighbors if they are noisy, etc. 
• The lack of services in residential apartments outside the complexes leads to difficulty parking cars, for example, or restricting children to playing within the apartment in the absence of a place to play... 

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Second: Advantages and disadvantages of residential apartments within complexes in Istanbul in general

↫ We begin with you by talking about the features of residential apartments within the complexes, which are as follows: 

• High floors for fans of high-rise towers, as they may reach 40 floors! 
• Complete privacy in the apartments and no interference from neighbors and others, and whoever comes to you does not enter except with your approval.
• High-end and distinctive services, which we will mention in detail in the following paragraphs. 
• Complete protection 24 hours a day, 7 days a week. 
• The complexes are usually located in central and lively places within the city of Istanbul, which means easy access and transportation from them. 
• The complexes are always distinguished by the views of the apartments they build, whether on the Sea of ​​Marmara in Istanbul, the lakes, or even the Bosphorus Strait. 

↫ As for the negatives and disadvantages related to residential apartments within the complexes, they are as follows:

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• High roles may be unpopular for some people, and we kept mentioning this reason because it has the potential to be both negative and positive. 
• High revenues for the services provided, in light of daily consumption by the residents of the complexes. 
• Socially, complexes are not encouraged at all, with a large mixture of people and a large number of apartments in general. 
• Full compliance with the standards imposed by complex management, etc., may lead to the imposition of fines and taxes for apartment owners.

Residential apartments in Istanbul inside and outside residential complexes “in terms of services”

First: Residential apartments outside the complexes in Istanbul in terms of services

Residential apartments outside residential complexes in Istanbul have very limited services, especially since they resemble regular buildings found in most Arab countries, but in Istanbul these buildings may provide very simple services, and they may not be in all regular buildings, but rather in the best ones, and we will mention some of them to you. :

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• A parking garage for residential buildings is located on the ground floors. 
• There are very small gardens next to these buildings, which are green lawns with some small trees.
• Very simple games for children, to entertain and entertain children. 
• A medium-quality security device. There is a camera on the doors of the buildings, connected to all apartments.

Second: Residential apartments within complexes in Istanbul in terms of services

Residential apartments within residential complexes in Istanbul provide endless services, especially since they resemble towers in the most luxurious countries in the world. In Istanbul, these complexes provide distinctive services that provide the residents of those complexes with complete luxury, as if you are on a recreational trip within one of the international hotels, which are as follows: 

• Summer and winter swimming pools, most complexes have this and have distinctive views of Istanbul.
• Turkish bath and sauna, and these must be present in all complexes, and they are of historical value for Istanbul.
• Steam rooms, spas, and Jacuzzis. These services have become an integral part of the complexes that are currently being built.
• Various games that increase the fun and entertainment, "billiards - PlayStation - multiple playgrounds - gardens - cinema rooms - and.."
• Fitness halls full of modern tools, in order for the residents of the complex to enjoy physical fitness and discharge negative charges
• Private parking lots for residential complexes, some of which are open and others closed.
• Meeting rooms and a cafeteria with a special lobby for the complexes, in order to receive guests and others

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Residential apartments in Istanbul inside and outside residential complexes "in terms of prices"

First: Residential apartments outside the complexes in Istanbul in terms of prices

• Residential apartments outside residential complexes in Istanbul have lower prices than residential apartments inside residential complexes, and the reason is due to the services provided by those complexes, as we mentioned above, and if they are next to buildings that include regular residential apartments, we will see at least a difference in prices that may reach Up to 25%! Let us take advantage of the opportunity and remind you of the average prices in Istanbul for apartments outside residential complexes.

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Second: Residential apartments within complexes in Istanbul in terms of prices

• The prices of residential apartments inside residential complexes in Istanbul are lower than in residential apartments outside residential complexes, and the reason is due to the high-end services and high luxury that these complexes provide, as we mentioned previously. The difference, as we mentioned, may reach 20% percent and more, and these are the prices between Your hands

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Residential apartments in Istanbul inside and outside residential complexes “in terms of investment returns”

First: Residential apartments outside the complexes in Istanbul in terms of investment returns

The investment returns in residential apartments outside the complexes in Istanbul are lower than what they are inside the complexes in Istanbul. In general, the investment returns for these apartments are approximately 20% over a period of at least three years, but in order to obtain these good investment returns, you should not Conditions and standards must be met, which are as follows:

• Choose vital places that are easy to resell in the coming periods.
• Selecting tourist places if the goal is to obtain revenue through tourist leasing.
• Choose projects with a long history because it facilitates the rental and resale process. 
• The preferences, floors and views all enhance the successful investment of these older apartments.
• If the goal is to invest in reconstruction, it is preferable to choose buildings that have received permits to obtain a quick and rewarding investment.
• When furnishing old residential apartments, it is necessary to feel the pulse of the real estate market in that region and the demand for it.
• Furnishing old apartments for tourist rental must also be accompanied by hotel services to enhance obtaining high investment returns.

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↫ The investment returns for residential apartments outside residential complexes are generally average in Istanbul, because they can be rented on a daily or weekly basis if they are furnished and in a touristic manner, and the touristic form is only during the summer periods in light of the large tourist demand to Turkey, and the percentages Here it is a minimum of 6% annually, and upon resale it is 20%.

↫ As for other methods, such as reconstruction, they have high returns if there are actually real opportunities, and the permits are ready to be demolished completely, because reselling these apartments in an area with old construction in general will be easy to resell at rates that may reach 100%, and this is found in areas Historical ones such as the Conqueror, Sultan Eyup, Beyoglu and Besiktas. 

↫ Investing in residential apartments outside residential complexes in Istanbul requires good capital exceeding 180 thousand dollars, in order to choose old residential apartments with good specifications, in order to easily rent them quickly and within the current market rent numbers within the city of Istanbul, and re- Their sale is linked to the quality of the standards we mentioned previously that must be met in these apartments. 

Second: Residential apartments within complexes in Istanbul in terms of investment returns

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The investment returns in residential apartments inside the complexes in Istanbul are higher than what is outside the complexes in Istanbul. In general, the investment returns for these apartments are approximately 35% over a period of at least three years, but in order to obtain these good investment returns, you should not Conditions and standards must be met, which are as follows:

• Choosing credible construction companies, specifically in apartments under construction, for a definitely profitable investment
• New apartments in modern projects must be selected in order to quickly resell the apartments and not wait long
• Annual rental preferably furnished and in areas of high vitality such as a university or tourist attractions
• Tourist leasing must choose the best places to obtain profitable investments as well
• Preferences, floors and views all enhance the successful investment of these new apartments 
• Furnishing new apartments for tourist rental must also be accompanied by hotel services to enhance obtaining high investment returns.

↫ The investment returns for residential apartments within the complexes are high and the investment capital is quickly recovered, because they can be rented on a daily or weekly basis if they are furnished and in a touristic manner, and if they are annually rented within high-return contracts, the average of these investments is It exceeds 8% annually, and upon resale the value is higher, reaching 35% and more. 

↫ Investing in new residential apartments in Istanbul requires good capital exceeding $300,000, in order to choose new apartments in upscale residential complexes with standard specifications, in order to easily rent them quickly and within the current high rent numbers in 2022.

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In conclusion

Istanbul is a city of residential apartments of all kinds inside and outside the complexes, old or new. People come to these types from all over the world to buy and invest in Turkey . Are you still thinking about buying an apartment in Istanbul ? Let us help you choose the appropriate decision. Friends and relatives all came to Turkey and owned real estate in order to invest in Turkey . You take the initiative and leave the remaining tasks and duties to our team at Damas Turk Real Estate ..

In our article today, we talked to you in detail about residential apartments in Istanbul inside and outside the residential complexes . We mentioned to you the most important points that distinguish each of them, along with the services they provide, then the average prices in both the complexes and outside them, and finally their investment returns. 

Damas Turk Real Estate Company offers you a summary of its experience in the Turkish real estate market for more than ten years. We have successful plans for investment in Turkey , and we also offer you the service of obtaining Turkish citizenship by purchasing real estate, through Turkish consultants and lawyers with knowledge and knowledge of the legal affairs in Turkey widely

Edit: damasturk