Have you thought about buying an old apartment in Istanbul? This type of apartment is considered one of the most important options available that you should think about when you want to invest in real estate or live and settle down, as it has many advantages that you should think about and take into account.
In this article, you will learn about everything related to this type of apartment, and many other aspects will be highlighted.
Advantages of buying old apartments in Istanbul
Older apartments often have features that modern apartments cannot replicate, such as intricate tile work, ornate balconies, and beautiful wooden doors and windows. These features give the apartment a unique character and charm that is hard to find in newer buildings.
Many older apartments are located in desirable areas of Istanbul such as Beyoglu and Kadikoy and are close to amenities such as parks and cafes and may also be closer to the city center than newer buildings, making them ideal for people who want easy access to the best parts of the city.
It is generally cheaper to buy an old apartment than to buy a new one, making it easier for people on tight budgets to get their place in this highly competitive market. This can be especially beneficial for young professionals or students who want to live near their university or place of work without it.
Cons of buying old apartments in Istanbul
One major drawback is the potential for major renovations and repairs to be needed and many older apartments come with outdated fixtures and appliances, as well as structural damage that may require extensive renovations or repairs and as such, it is important to consider these costs when budgeting for your purchase.
Another drawback is that many older apartments do not have modern amenities such as air conditioning or central heating and this can be a major inconvenience if you plan to live in these apartments year-round or during the colder months of the year.
Finally, some older apartments may not comply with current building codes and regulations, which can pose a safety risk to residents. It is important to research local building codes and any necessary permits before making a purchase decision.
Advantages of buying modern apartments in Istanbul
Modern apartments in Istanbul offer easy access to all parts of the city and with convenient public transport links, you can easily commute to explore all that the city has to offer.
Many apartments come with top-notch amenities such as fitness centers, swimming pools, spas, and much more. This makes them great for those who want to stay active and access recreational activities without having to leave their homes.
Modern apartments are usually equipped with the latest security systems, ensuring that residents feel safe at all times. This is especially important for those who live alone or with young children who need extra protection from potential intruders or other dangers.
Cons of buying modern apartments in Istanbul
The cost of modern apartments in Istanbul can be quite high. This is due to the city's popularity as a tourist destination and the high demand for luxury options. Prices have also increased due to economic growth and inflation.
Many of these apartments are located in busy areas with a lot of traffic noise which can be annoying and unpleasant at times and there is also a lack of green spaces nearby which may limit access to outdoor activities such as walking or cycling.
333,000$
Istanbul Europe,
Kağıthane,
Ready
245,000$
Istanbul Europe,
Kağıthane,
Ready
Are apartment prices in Istanbul high?
The answer to this question depends on several factors:
Firstly, the location of the apartment makes a big difference when it comes to the price. Apartments located in the main areas of Istanbul, such as those near Taksim Square or Besiktas, will be more expensive than apartments located further away from these areas.
Secondly, the size of the apartment and its features will also affect its price. An apartment with more space and amenities like parking or a swimming pool will cost more than an apartment without these features.
Finally, the condition of the apartment is also important when it comes to the price. An old apartment that needs some work may be cheaper than a new and fully furnished one.
Is the time right to buy apartments in Istanbul?
It's time to invest in apartments in Istanbul as the city is experiencing a real estate boom, with prices clearly rising and demand outstripping supply. The Turkish lira has soared against the US dollar, making it an attractive option for international buyers and with strong government incentive programs, now is the time to take advantage of this opportunity.
Apartments in Istanbul offer great value for money, with prices still lower than other big cities like London or New York and with a thriving economy and strong job market, there is plenty of potential for capital appreciation in the long term.
The city's infrastructure and transportation networks are also improving rapidly, making it easier than ever to get around and make the most of your investment. In addition, Istanbul offers a unique cultural experience that cannot be found anywhere else in the world.
The importance of buying an apartment with Number One Property Company
- A specialist real estate company who are experienced in handling all aspects of your buying process and can provide information on the best locations, and they will work hard to ensure that your purchase is completed quickly and easily.
- It is important that you trust the professionalism of the team you work with, as this assures you that the purchase process is going smoothly from start to finish.
- With a specialized real estate company, you have access to experts who can answer any questions or concerns you may have.
- We take care of all the routine matters for you, such as issuing official papers, attesting them, translating them into Turkish, and other procedures.
Advantages of buying a property in Turkey with Number One Real Estate:
Number One is one of the leading real estate investment companies in Turkey, providing all kinds of real estate services within the Turkish real estate market
We offer our clients all types of real estate from
Villas for sale in Istanbul by the sea, cheap real estate for sale in Istanbul, office apartments and shops in various regions of Istanbul, apartments within the most luxurious residential complexes in Turkey, we take care of the procedures for obtaining Turkish citizenship and real estate residence
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