In developing countries like Turkey where the distribution of income is uneven and the economic fluctuations are volatile, the task of satisfying the residential demand of their citizens fall to the State. Especially, in İstanbul, where, the domestic migration virtually swept the City, the demand for the residences skyrocketed and also the market prices of the real estates in the City increased.
Investment in İstanbul
In such a metropolis like İstanbul where millions of people live, the investment in real estate will obviously pay-off. However, in deciding for these investments, utmost care and due diligence must be given. The investments like, flat for sale, store for sale, land for sale, villa for sale might be given as example. The market for investment and real estate is very active and thriving these days and the main reason for this is the newly undertaken building projects. Rather than investing is districts accepted as the center of the district, it is advisable to invest in the districts in (or their near) in which the projects like Kanal İstanbul, the bridge of Yavuz Sultan Selim(The Third Bridge), 3. Airport, Marmara are undertaken.
The most important point to consider when engaging in investing in İstanbul is perhaps the transportation. It should be kept in mind that, İstanbul is very crowded, and people wish to commute to their destinations in easy and safe manner, for this reason, if the investment are to be made in land parcels, the location might be chosen near or within the walking range to the Subways, Tramvays, Metrobus, Train Stations with the hope that these locations will eventually increase in economic value. If the investment planned will be expected to yield in short time, one of the tips to be hear is, when the firms plan to start a construction Project, they announce beforehand and start to sell their planned projects without even the construction begins, this is called “topraktan satış” in Turkish parlance. However, one might be warned that this system is a very risky system and it must be accepted that there are legal gaps in the real-estate system of Turkey. The system which is called “Topraktan satış” in Turkish jargon, might cause disagreements concerning the buyers and sellers and may cause unjust victimhood. Those who wish to buy real estate using this system are advised to read the contract carefully and more likely to get professional help from a professional lawyer. Preliminary sale contract for real estate in the presence of notary public must be made and the compensatory measures must be determined in case an obstacle appears during the construction process and the legal procedures for transfer of property must be carefully set-out.
One of the factors to be taken into consideration in investing in İstanbul is the security situation. In our time, for various reasons, the notions of safety has been undermined and therefore the concept of the highly secured “site” has been more thoroughly emphasized in İstanbul compared to other cities of Turkey. In terms of the cost of investment, the prices of these flats in protected “site”s might be thought as inflated, in the long run the expected rental income will cmpensate the investment being made. Also, the various facilities provided to the residents of these site, like, shopping malls, entertainment centers, sports facilities, playgrounds are found attractive by people.
Sometimes, people differ in their preferences, for instance people may wish to choose nature as opposed to bustling city life, and for such choices Sapanca is a good alternative. These natural qualities also benefit those who invest in here. If you also want to enjoy the privilige of Sapanca with its clean air, smiling people, and natural beauties you might want to take a glance at our options of villas for sale in Sapanca.