Residential or commercial real estate in Istanbul

In this article, we will learn about the difference between residential or commercial real estate, the advantages and disadvantages of each of them, and the areas in which this type of real estate is located..

Are you thinking of investing in real estate in Istanbul and confused about choosing between residential or commercial real estate? If so, you deserve to know and if you are going to buy a new property in Istanbul, the task of choosing the right type of property for investment may become controversial. Should you choose residential or commercial property? Will your choice affect your return on investment? Let's explore the advantages and disadvantages of residential and commercial real estate in Istanbul and things to consider before making a final decision.

Advantages of residential real estate in Istanbul

Investing in residential real estate in Istanbul occupies an important place for investors, as these properties are characterized by stability and long-term financial returns as the residential real estate market in Istanbul is considered one of the most stable and prosperous markets in Turkey, in addition to the high demand for residential real estate due to the increasing number of residents in the city and the increasing number of immigrants and there are also many vital and distinct areas in Istanbul that are characterized by integrated services and provide the necessary facilities for daily life, which makes them a good choice for investing in residential real estate.

Advantages of commercial real estate in Istanbul

Istanbul is one of the most attractive cities for tourists and the most important commercial center in the Middle East thus, investing in commercial real estate in Istanbul carries many advantages and one of the most important of these features is achieving good financial returns, given the high prices of real estate and commercial lands in the city.

Commercial investment in Istanbul also enjoys stability and safety, thanks to the procedures and laws set by the Turkish government to protect the rights of investors and encourage foreign investments in the city and we cannot forget the advanced logistics services, which make Istanbul an ideal place for business investment, as well as help in expansion and business development in the long term.

Cons of residential real estate in Istanbul

The price of the property can be greatly affected by price changes, which leads to a significant loss of its value and in addition, obtaining building permits and making the necessary modifications to the property requires significant time and effort, in addition to the potential risks of natural accidents such as earthquakes and therefore, the investor must conduct the necessary research and analysis to evaluate the opportunities and risks before investing in it.

Cons of commercial real estate in Istanbul

It is necessary to point out the level of risk that this type of real estate carries, as the real estate of commercial offices and shops are more vulnerable to the problems and difficulties encountered by their owners in maintaining the quality and splendor of places and commercial spaces

Attention should also be paid to the instability of the significantly high rental prices for this type of real estate, due to many reasons, such as improper building design, the inability to maintain high prices for long periods and the small number of renting clients who can afford the higher rent levels.

This forces the owners to reduce the percentage of their profits, thus significantly fragmenting the return on investment and despite all of the above, investing in commercial real estate in Istanbul remains an interesting option that can help investors achieve good profits in the real estate market.

Areas to buy residential real estate

The areas of Istanbul are interesting in terms of residential real estate investment, due to the presence of distinct areas in them and the Basaksehir region ranks first in this regard, as it has luxury resorts, modern commercial centers, international luxury hotels, and basic services such as hospitals and schools as it also includes areas such as Basaksehir, Mahmoud Pasha, and others, many different apartments that meet the needs of individuals and families in terms of housing and in addition to this, the areas of Taksim, Beylikduzu, Zekeriyakoy, and others are very popular with investors who are looking for luxury housing and are keen to invest in it.

Areas to buy commercial real estate

Istanbul is the most popular destination for investing in commercial real estate in Turkey, as it offers many vital and developed areas and among the most famous areas for buying commercial real estate in Istanbul is the Maslak area, which is characterized by the presence of commercial complexes, international shopping centers, luxury offices and hotels, and it is considered the most attractive to investors as commercial real estate can also be purchased in the Basaksehir area, which is characterized by rapid development and good centralization as it is suitable for investment in hotels, luxury apartments and commercial complexes and in addition, the Beylikduzu region provides promising investment opportunities, as it includes a large number of commercial buildings and large commercial centers.

Steps to buy real estate in Istanbul

If you want to buy a property in Istanbul, here are some steps to follow to make the process easy and efficient as first, it is advised to deal with reliable and reputable real estate agencies in the market and through this, you can obtain accurate and updated information about available real estate, prices and services in the real estate area, and secondly, determining the purpose of the real estate and the budget available for purchase is very necessary.

You should also consider the suitability of the site and its proximity to vital facilities such as schools, hospitals, mosques and markets as after selecting the appropriate property, the validity of the legal documents, registration, tax responsibilities and fees must be verified and the purchase contract must be signed in the presence of a lawyer to confirm the validity of the information included in the contract and ensure the full legality of the process as the safe and legal purchase available through the leading real estate agencies in the market is the most important step for your choice of property, whether it is for private purpose or for investment.

Common questions:

1 - How do you invest your money in real estate?

By renting real estate to get a fixed monthly return or by reselling it after a period to get the price difference between the buying and selling phases.