Today, Istanbul is one of Turkey's and the world's most important investment hubs. It ranks top in Turkey in terms of real estate sales, accounting for around 20% of total sales, as it is the favored city for international investors interested in investing in real estate in Turkey. The percentage of real estate sales to foreign investors is around 50% of overall real estate transactions in Turkey. Istanbul provides foreign investors a variety of real estate possibilities that most Turkish cities do not, particularly for those looking to invest for a financial return while also obtaining Turkish citizenship.
Apartments, villas, and detached homes are regarded essential financial instruments for individuals seeking to invest in Istanbul with the intention of living there. Apartments are the most popular among all types of investors since they offer more alternatives and are less expensive than villas. Contemporary residential complexes, such as those in Başakşehir, Beylikdüzü, Esenyurt, and others, and the amenities they offer to its inhabitants, have enticed many individuals to invest in Istanbul apartments.
Commercial properties, such as stores, offices, and others, are known for producing significant profits for investors when done right. Commercial real estate in vital centers like Beşiktaş, Şişli, and Başakşehir, which are significant locations for commercial offices, is the most sought after. And certain districts, such as Fatih, Esenyurt, and Beylikdüzü on the European side, and Kadıköy on the Asian side, serve as significant centers for shops. And, more recently, real estate complexes have emerged, which combine residential and commercial real estate in one location and are appropriate for both dwelling and carrying out economic operations.
Because of their seclusion and high-quality lifestyle, villas in Istanbul are in great demand. The majority of modern villa developments on Istanbul's European side are centered in districts like Başakşehir, Büyükçekmece, Beylikdüzü, and Küçükçekmece. On the Asian side, there are numerous contemporary villa complexes in the regions of Üsküdar, Beykoz, Çekmeköy, Pendik, Tuzla, and Sile. As one gets closer to the Bosphorus Strait, the price of villas on Istanbul's Asian side rises.
As the most-selling kind of property, apartments in Istanbul form the backbone of the real estate sector. The most sought-after locations by investors are the regions in the center of Istanbul, such as "Fatih, Beyoğlu, Besiktas, Şişli, Kadıköy, and Üsküdar" along with the areas close to the center, such as "Zeytinburnu, Bakırköy, Bahçelievler, Esenler, and Kağithane." Investors are also interested in locations near infrastructure projects, on the vital Basin Express and E5 highways, as well as areas with various service facilities and close proximity to massive projects, such as Başakşehir, Küçükçekmece, Avcilar, Esenyurt, and Beylikdüzü.
Istanbul is well-known for its vibrant marketplaces and commercial avenues, which are popular with international investors. Among the most notable of these marketplaces are those located in the city center, such as the Covered Market in Fatih, Istiklal Avenue in Taksim, Beyoğlu neighborhood, Baghdad Avenue in Kadıköy, Nişantaşi in Beşiktaş, İstasyon Avenue in Bakırköy, Alemdağ Avenue in Üsküdar, and Halaskargazi Avenue in Şişli. However, newly developed neighborhoods such as Başakşehir, Beylikdüzü, and Esenyurt are new centers of interest that were regarded among the most desirable places by investors looking to buy businesses in the previous year.
Everyone is aware now that Istanbul has evolved into an important economic hub drawing entrepreneurs and investors from all over the world, particularly those looking to start enterprises and open corporate headquarters. As a result, the demand for business offices rises. The areas of Lawanda and Maslak, known as the Central Business Square MIA and Basin Express Street on the European side, and Umraniye and Ataşehir, which are close to the Istanbul Financial Center and Kadıköy district on the Asian side of Istanbul, are among the most desirable areas for investors. During recent times, areas like Zeytinburnu, Beylikdüzü, Esenyurt, and Başakşehir have seen high demand for offices from investors, making them significant economic hubs to attract investors in this field.
Istanbul is the leading Turkish city in terms of high real estate prices in general, with the average price per square meter of residential property in Istanbul being around 5097 Turkish liras, according to the most recent figures, while the average price per square meter of residential real estate in other Turkish cities was 3030 Turkish liras. When the average cost of workplaces throughout Turkey amounted to 4012 Turkish liras per square meter, the price of workplaces in Istanbul rose to 6294 Turkish liras per square meter. The average real estate price in Istanbul fluctuates depending on the significance of the location and the supply and demand in that region.
Istanbul is a significant economic hub on a local, regional, and global scale. Tens of thousands of investors, entrepreneurs, and international workers now call Istanbul home. As a result, demand for real estate, such as homes, stores, and offices, has surged, and the importance of real estate investment in this prospective metropolis has grown. Most investors in the Turkish real estate sector prefer to invest in residential properties for the purpose of living in Turkey and making profits in the medium and long run, while others prefer to invest in commercial properties, like shops and offices, in order to achieve continuous financial returns through leasing or operations. Others choose to invest in land. However, investing in land for foreign investors necessitates particular regulations and requirements, which if not met, might result in the investment's collapse.
Istanbul boasts a wide range of real estate possibilities, including flats, villas, stores, and offices for individuals looking to invest in order to gain Turkish citizenship, which is now offered to foreigners in exchange for real estate ownership for a fee of $250,000 USD. In contrast to other Turkish cities, what separates Istanbul and makes it appealing to international investors is the vast availability of real estate appropriate for the criteria of Turkish citizenship.
In this sense, damasturk Real Estate provides exceptional services to international investors seeking Turkish citizenship by investing in real estate in Istanbul.
damasturk's professionals keep track of property ownership and Turkish citizenship transactions for investors with resolution and precision, owing to their immense knowledge of the Istanbul real estate market.