Buy Apartment in Istanbul
Buying apartment in Istanbul is getting more and more important with each passing day. Increasing prices due to developing districts, upcoming projects and economic conditions affect the real estate market. Therefore, apartment prices in Istanbul are constantly increasing. Considering all these situations, to buy apartment in Istanbul may turn into a much more valuable investment in the future. In addition, since the price increases can force the purchasing power, it is necessary to buy as soon as possible. In this way, a good source of income can be obtained by renting. The purchased apartments amortize the cost of the capital in a shorter time due to the high rent of investments in terms of rental income.
Buy Apartment in Istanbul for Investment
Many people who want to buy apartment in Istanbul want to make this purchase for investment purposes. Especially the promising districts and the increasing prices have a positive impact on apartments for sale in Istanbul with investment purposes. With this method, which is seen as a good investment today, houses bought at today's price can be sold at much higher prices in the future. Thus, a good profit is obtained without renting.
Considering the current Istanbul house prices, buying an apartment in Istanbul, becomes more profitable by the impact of upcoming large projects. It is estimated that prices will skyrocket by the effect of large government projects such as Kanal Istanbul that which is on Turkish Government’s agenda. It is expected that property prices will increase in many districts in Istanbul. Therefore, now can be a good time for those who want to buy a house in Istanbul.
Rental Multiplier rates (ROI in terms of rental income) in Istanbul
Istanbul rent multiplier rates, which is a very important subject for investors, are one of the most followed topics together with today's economic conditions. In general, the rent multipliers, which indicate that the landlords will amortize the apartment they buy in how many months together with the rent amounts, vary in Istanbul compared to other provinces. Increasing Istanbul house prices change the rent multipliers from year to year. However, this price increase is reflected not only in the houses but also in the rental prices. In other words, the increase in house prices does not negatively affect the rent multiplier. In general, return of investment in terms of rental income changes between 14 years to 20 years. But with the annual increases of rental prices, this rate increases.
It will be beneficial for people who have the idea to buy apartment in Istanbul, prefers districts with a slightly more suitable rent multiplier for the house to be amortized. For this, it is necessary to do a good research and price analysis. After choosing the most suitable neighborhood and place to buy apartment in Istanbul, it is recommended to consider rental multiplier rate as well.
Promising Locations to Buy Apartment in Istanbul
The increase in Istanbul house prices, which has been going on for years, has gained a much faster acceleration in these days. Especially these days when the Kanal Istanbul project, 3rd Bosphorus Bridge and new Istanbul Airport got into our lives, buying apartment in Istanbul has become a little more expensive. If we talk about the districts with the highest price increase in Istanbul, we can talk about districts such as Kucukcekmece, Basaksehir, Sariyer, Avcılar and Kagithane. Neighborhoods in these districts will experience a very high price increase with the new investments mentioned above. It is very important for people who want to buy apartment in Istanbul to consider these districts by considering the future investments.
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