Recently, Istanbul has become a favorite destination for many Arab investors, especially about real estate, and among the frequently asked questions, what is the best investment? Is it an office or an apartment?
In this article, you will learn about the differences between an apartment in Istanbul and an office for investment, and we will answer most of your questions.
Why choose an apartment in Istanbul as an office for investment?
When looking at the real estate market in Istanbul, it can be said that the options are many and varied and there are apartments, villas, commercial offices, and others but when looking at investing, it's a little different.
Primarily, you must understand what is the goal of investing, do you want to achieve a quick financial return? Or do you want a long-term investment that secures you additional income?
If your goal is to achieve a quick financial return, then investing in an apartment may be the best option for you the demand for apartments in Istanbul is constantly increasing, and therefore you can make good profits if you sell them after a short period.
But if your goal is a long-term investment, then investing in an office may be the best option and the demand for commercial offices in Istanbul is also increasing and thus can make good profits in the long run.
But before making an investment decision, you must take into account some important factors such as the location, the general condition of the property, the price, and others, if the location is good, the condition of the property is excellent, and the price is appropriate, then this makes the property a good choice for investment.
The best areas to buy an apartment in Istanbul
1- The Beylikduzu district on the European side of Istanbul is one of the best areas to buy an apartment, as it is distinguished by its privileged geographical location near the sea and beautiful beaches, and it also contains many vital facilities such as schools, hospitals, and commercial centers.
2- The Basaksehir area on the Asian side of Istanbul is one of the most desirable areas for buying real estate, as it is characterized by calm, safety, and privacy, and it contains many vital and commercial facilities.
3- The Besiktas area is one of the best areas in Istanbul to buy an apartment, as it is distinguished by its distinguished geographical location near the Bosphorus Strait and many tourist attractions.
4- The Sariyer area on the European side of Istanbul is one of the best areas to buy an apartment, as it is characterized by tranquility, security, and privacy.
The best areas to buy an office in Istanbul
The Marmara region is considered one of the most important residential and commercial areas in Istanbul, as it includes many luxurious residential complexes and vital commercial centers, in addition to its proximity to the airport and major highways this city is characterized by the availability of large office spaces at competitive prices.
Sisli is one of the most famous commercial areas in Istanbul, as it includes many commercial complexes, luxury hotels, and educational and cultural institutions this area is also characterized by the availability of various means of transportation, which makes it an ideal choice for buying an office.
Basaksehir is one of the newest commercial areas in Istanbul, as it includes a large number of commercial complexes, luxury hotels, and educational and health institutions this area is also characterized by its availability of modern services and technology, which makes it an attractive option for buying an office.
Tips when buying an apartment or office in Istanbul
Follow the tips below when buying any kind of real estate in Istanbul.
1- Find the right area:
You should search for the area that best suits your needs and requirements and matters are not limited to the location of the apartment or office only, but you must look at the neighboring areas and the services and facilities they provide so choose the area that is characterized by safety, tranquility, and proximity to transportation and basic services.
2- Verify the validity of the property:
You must ensure that the property is valid and that there are no legal or administrative problems you can request a copy of the property's legal documents and make sure that they are in order and that there are no problems.
3- Dealing with a reliable real estate broker:
You must deal with a reliable and experienced real estate broker in the real estate market in Istanbul as a real estate broker can help you choose the right property and negotiate the terms of purchase.
4- Negotiating the purchase price:
Feel free to negotiate the purchase price, often the seller can agree to a reasonable price reduction and you must be ready to negotiate and search for the best price for the apartment or office.
5- Ensure the quality of construction:
You must ensure the quality of the construction and the materials used in the construction and you must check the integrity of the structural structure, foundations, electrical wiring, and piping as a competent engineer can help you ensure the quality of construction.
6- Ensure that the necessary facilities are available:
You should ensure that the necessary facilities are located in the area around the apartment or office and you should check for transportation stations, hospitals, schools, malls, and restaurants.
7- Verifying the legality of papers:
Do not hesitate to ensure the legality of all papers related to the purchase, including purchase contracts, services, and guarantees and you must ensure that all paperwork is legal and correct.
8- Obtaining legal advice:
In case you have any doubts or legal inquiries, you should obtain legal advice from a lawyer specialized in the real estate market in Istanbul as an attorney can help you understand all the legal aspects of the purchase.
9- Checking the registration procedures:
Do not forget to check the registration procedures for the purchase, including payment of registration fees and registration of certificates and papers and you must make sure that all registration procedures have been completed correctly.
10- Determine a payment plan:
You must set up a payment plan with the seller, including when deposits, installments, and dues will be paid and you must select a payment plan that is commensurate with your financial ability and does not negatively affect your financial condition in the future.
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