Average Prices, Rent Prices and Property Tax The average price to buy apartment in Istanbul varies with the real estate property price index. The fluctuation of the price of your home may also vary with the real estate property price index data that varies every 3 months. Before deciding to buy apartment in Istanbul, you should carefully estimate the rent prices and compare them with other properties of the same area in Istanbul. You can also find the latest property tax data and how much it will cost you to buy a house.
Be active while searching for a suitable house in Istanbul. It is not wise to buy a place without adequate research as you may end up paying for a lot of unnecessary expenses. Most importantly, make sure that you get informed about the prevailing housing options and property tax rates. Real estate professionals will guide you about all aspects related to Istanbul properties.
There are various options available to buy an apartment in Istanbul. There are both luxurious and budget friendly apartments for sale in Istanbul. You can get great offers on luxury villas, self catering holiday apartments, flats and townhouses by contacting professional real estate consultants in Istanbul. They will help you find out more about the different options and their advantages.
Before selecting an appropriate location, you should learn about the basic factors which are important in order to buy a home in Turkey. One of the most important factors that you should consider is the availability of various housing projects developed in the region. If you are willing to buy apartment in Istanbul, it is a must for you to check the housing projects developed in the region. There are various sources through which you can get this information. Turkish newspaper such as daily newspapers and magazines are the best sources through which you can gather this kind of information.
Another factor that you should consider is the rental yield. This is a very important factor when you are going to buy an apartment in Istanbul. The yield of the property is an indication of its potential rental income. Renting a unit at an appropriate rate can fetch you good profits whereas leasing a similar unit at an unreasonably high rate will not only cost you a lot of money but also may not fetch you a good profit. You can learn about the various rental yields and their advantages by contacting real estate agents in Istanbul.
After selecting an appropriate location, you should now focus on finding suitable housing options. One of the most important housing options in Istanbul, which has seen an increase in popularity is the condo. Condominiums have become extremely popular because of their combination of attractive designs, state of the art amenities and low costs. You can choose from one of the wide varieties of condominiums offered by different developers in Istanbul.
Another significant housing alternative in Istanbul is the siyalev (Ottoman) apartments. These complexes are considered to be more expensive than other kinds of complexes, but they are known for their unique architecture. Also, these complexes boast of additional features like swimming pools, restaurants and clubs. Apart from the cost benefits, these apartments are also known for providing excellent facilities like gyms, schools, hospitals, malls and shopping malls. The major benefit of choosing a siyalev (or Istanbul) complex over other types of complexes is that these complexes offer a relaxed and hassle free living experience coupled with excellent security. The main drawback of choosing a siyalev (or Istanbul) over any other housing option is that the price of these apartments remain high even after considering the additional facilities provided.
Finding a suitable place to buy apartment in Istanbul is not a difficult task provided you are aware of all the factors mentioned above. After all, this is a very strong investment option as the prices of these apartments remain stable in comparison to other similar properties. It is an ideal location for those looking to rent a furnished apartment or a villa. It is one of the fastest growing cities in Turkey with a good population.