Even if the property investment is the best investment type, you still need to make your investment wisely. As Rodi Investment, we have represented the Istanbul real estate market for 25 years. So it is our top priority to make sure you make the best investment in real estate projects in Istanbul 2021.
People who have enough savings think about how they can grow their money or what the safest investment is. There are many ways that you can invest your money, and property investment is one of them. Andrew Carnegie, American businessman and industrialist, once said that “Ninety percent of all millionaires become so through owning real estate”. Property investment is one the best ways of making the quickest profit from your investment. In this article, we will check the features of apartments for sale in Istanbul.
The main reason for this is the stability of the market. Compared to the other markets, the property market is less risky to invest in. Aside from owning a property, your tenant will bring you a fixed return for sure. And your property value can increase thanks to its location and features so you can double your profit also. Let’s check the 6 criteria to look in real estate projects 2021 in Istanbul for a wise investment.
6 Criteria To Look In Real Estate Projects in Istanbul 2021
A wise investment requires a good analysis. Before you make your investment, analyze the features of real estate projects in Istanbul. This can be hard when there are thousands of options in apartments for sale in Istanbul. You can contact us and discuss the real estate projects in Istanbul with our real estate experts. 6 main criteria to look in real estate projects in Istanbul 2021 are listed down below.
- Average Square Meter Sales Price
We recommend that you first research the project’s area before buying an apartment from a project. The research you will make on the location of the project determines whether the project will be a wise investment or not. You can start by comparing with other projects in the region.
The priority in this comparison is of course PRICE of the apartments for sale in Istanbul. Analyze the average square meter sales price of other projects in the region. Then compare the data you get with the square meter sales price of the project you will buy an apartment from. If the square meter sales price of the project you are going to purchase is low, you may have had a good opportunity. Of course, you have to calculate other criteria also. Remember that there are 6 criteria in total in real estate projects in Istanbul.
- Project Status According to Prices in the Region
In the regional analysis, after analyzing the average square meter sales price, our comparison continues with the status of the project. Is the project a ready-to-deliver project or a project under construction? You should consider the status of the project while doing the price research.
Ready to deliver apartments for sale in Istanbul can bring you instant rent. Under construction apartments for sale in Istanbul are a good investment for the future. Both types have pros and cons. See our Under Construction vs. Ready-To-Deliver Projects.
- Percentage of Sold Housing in the Region
Take a look at the rate of houses sold in the region where the project is located. An area where investment rate is high will show you a way as to whether the property you are going to buy is valuable. Contact us to learn more about real estate projects in Istanbul 2021.
- Social Facilities
After completing the regional analysis, you should analyze the project features. What does the project promise you? Remember, you are not buying a property. You are buying the benefits that the property provides for you. You are buying the life you want to have.
The social facilities included in the project also determine the value of the property you want to buy. Some real estate projects in Istanbul even include a shopping mall. Are there schools, health units, restaurants, cafes, playgrounds and sports areas within the project? Your living space must be of good quality. These features also affect the rental rate when renting out your purchased property.
- Green Areas Density
Real estate projects in Istanbul promise nature in the city by offering green areas in the project. In addition to Sea View Apartments For Sale In Istanbul, green areas are also important. Let’s add the green area of the real estate project you want to invest in among our criteria.
- Capital Appreciation
Capital appreciation is the profit you will earn from investment in apartments for sale in Istanbul. So actually your biggest goal, right? The money you have when you buy and sell the property determines how much profit you make.
This is called capital appreciation. When you buy your property, you must also plan when you will resell it. Will your property’s value increase in the future? Innovations made in the region add value to your property. For example, a new metro in the area after purchasing your property. As the value of the region increases, your capital increase also increases. Make a wise plan about your property management.
Apartments For Sale In Istanbul
After you make your research about the apartments for sale in Istanbul, you can evaluate your options. The total points of this 6 criteria will show you the best way. The project which has the highest point will bring you highest profit when you resell it. To learn more about the real estate projects in Istanbul 2021 CALL US!