Kartal: The District that Stands Out with Increasing Property Prices in IstanbulSat, Jan 15, 2022 12:00 AM
Without a doubt, more and more foreigners are shifting their focus to Turkey. In this guide, we have covered everything you might want to know before investing in Turkey. One thing we and thousands of foreigners are sure of is these are the best years to invest in other countries. In this respect, Turkey can be a great choice for you.
We have also covered this topic and discussed it in detail. As you know Turkey is struggling with economic problems in recent years. Both Dollar and Euro reached an all-time high a few times in the previous month.
Although the Turkish government took plenty of measures to stop this ongoing trend, it seems like they were not successful enough. Both Dollar and Euro have an increasing trend again and the price in the country is increasing every passing day. Thus, you can easily enjoy the return on your investment if you make the right choices.
This was the main reason why we planned to create this guide for you. In the following, we are going to discuss the best city and district you can invest in in Turkey. Without a doubt, you can easily enjoy your returns in only a year. After that, it will be up to you to decide when you would like to sell your investment with its high return.
Is It Good Time to Buy a House in Turkey?
Although millions panicked a few weeks ago after the economic support plan implemented by the Turkish government, the expectations did not happen. We also warned our clients and readers about these interventions and their likelihood to be successful.
Those who panicked and sold their properties or other investments are feeling a huge regret these days. However, according to our evaluations, these years are still the best time to buy a house in Turkey. Although you might miss the best chance, which was 2021, 2022 will be the year of foreigners who invest in property in Turkey too.
You do not have to worry about making plenty of money by investing in real estate. We already offer you quite competitive prices, which you can easily make money by keeping your real estate for a few months. However, we do not recommend this. We believe you need to keep your property for at least a few years to make a fifty percent return on your investment.
This is a great opportunity for those who are looking for quick money and enjoy a better return on investment compared to other investment methods.
Where Is the Best Place to Buy Property in Turkey?
Depending on your preferences, the best place to buy property in Turkey may vary. However, in this guide, we assume that you are looking for a property to invest in to make money. In this case, and also for many other purposes, Istanbul is the best city you can consider in Turkey.
This metropolitan city has more than 15 million residents and it is also the most preferred city in Turkey by foreigners. Besides offering amazing investment opportunities, Istanbul is also one of the best cities you can live in in Turkey.
You can easily find plenty of foreigners that are from your hometown or country. There are even private neighborhoods or complexes, where only foreigners live. In addition to this, the property prices in Istanbul are far cheaper than in many Arabic, European countries, and the United States.
One of the biggest advantages you can enjoy is the increasing property prices. Turkey is the number one country in Europe for the last two years in terms of the annual property price increase. According to the current statistics, it will be the number one country in the chart again this year too.
Besides the property prices, you can also enjoy increasing rent prices. If you are not going to live in Turkey and planning to buy a property for investment purposes, you can rent your home and create a passive income for yourself.
Which District Is the Best to Buy Property in Istanbul?
Although Istanbul has plenty of districts you can consider investing in, one of them is highly advantageous. We are going to provide this district in the following paragraphs. Before providing it, we would like to mention some of the other popular districts as well.
Besiktas, Kadikoy, Beyoglu, Beylikduzu, and Nisantasi are some of the most preferred districts by foreigners. Each of these districts has its own advantages but they are all popular for the best returns every year. Although Beylikduzu was the favorite district a few years ago, it is not saturated.
These days, Kartal district is one of the leading alternatives for investment. You can easily buy amazing properties in this district and multiply your investment in only a few years. In addition to this, the property prices are quite affordable when compared to the average prices in Istanbul.
In the following section, we have also covered details you might want to know before investing in Kartal. Do not miss your opportunity to learn more!
Why Kartal Is the Best District in Istanbul to Buy Property?
Kartal is a district located on the Anatolian side of Istanbul. After the completion of the subway in Kartal, the property prices doubled in a short time. The municipality is investing in infrastructure significantly and trying to attract residents.
In addition to this, you can find plenty of new real estates in Kartal with the Bosphorus view. Moreover, there are plenty of parks where you can enjoy a great sunny day alone, with your kids or pets. Although it is a bit far away from the city center, you can find plenty of public transportation. Without a doubt, the subway is the most important one of all.
One of the other advantages of investing in the Kartal district is its affordable property prices. All the developments and second-hand houses in Kartal are quite cheaper compared to the other districts. You can contact our company whenever you want to learn the details and find affordable deals to invest in Kartal.