Why should you think about real estate investing within Istanbul?
Istanbul has occupied the world’s top five rankings over the last five years, according to annual reports of global real estate market performance, from neutral and diverse international destinations such as Knight Frank, Coilers and others. Istanbul recorded an annual increase in real estate prices at an average rate of 15% Of the world’s top three, plus a rental yield of at least 6% for ordinary Senobian properties, making investors very well able to rotate their capital very quickly compared to investing in other major cities around the world. This annual rise is due to the large domestic demand of Turkish citizens, which represents more than 81% of the size of the real estate market in Istanbul compared to foreign purchases, which amounted to 19% of the market size, which is considered a high security factor for foreign investors as the Turkish citizen enjoys With a purchasing power that protects the market and keeps it growing
- Outstanding geographical location: Istanbul is the only city in the world that brings together the Asian and European continents in the same city, separated by the Bosphorus Strait, which is distinguished in its form and history.
- The high population density means high demand: Today, more than 20 million people live in the city of Istanbul . This city is considered the main destination for all Turks to study in their universities or to find work because Istanbul is the center of Turkish economic weight. Which makes the population of Istanbul a large annual increase as the internal migration from other Turkish cities to the city of Istanbul amounted to 250 thousand people per year, which means that the volume of demand for real estate, whether to buy or rent is increasing annually by Turkish citizens and therefore, investment within these The city always owes investors an excellent return on profitability and the reason is certainly the high domestic demand.
- The area of the city and the diversity of its division: Istanbul is mediated between the Sea of Marmara and the Black Sea, where the Bosphorus Strait connects between these two cities. The city stretches with its European and Asian continents along 160 square kilometers and the width of 50 square kilometers . Istanbul is divided into 38 municipalities . These municipalities are under the administration of the Greater Istanbul Municipality. The Turkish government plans to expand the city of Istanbul to the west and north . The government has annexed a number of areas outside Istanbul and placed them under the Istanbul Municipality in order to meet the high local demand and absorb as many as possible. Of the population.
- Mega government projects: Istanbul vary between the past and the long history of thedevelopment of the present and for this reason , the Turkish government is focusing on the development and continuous modernization of the city , where the Turkish government plans to establish two projects within the European very massive protruding side of Istanbul and two:
- Third Airport Project: The Turkish government is currently preparing the third airport north of Istanbul on the Black Sea and is the largest airport in the world and will enter this airport in operation by the end of this year 2018 .
- The new Bosphorus project: The so-called Asr Canal project, where the Turkish government plans to dig the second Bosphorus Strait within Istanbul, which aims to link the Black Sea and the Sea of Marmara . The government plans to build a new city in Istanbul combining all international architectural models on both ends of this channel which will serve as a global village mini as the government will create eight bridges of different architectural designs to facilitate the movement of vehicles on both sides of the channel and will also be the future of this city of cities , which is impossible because of the crowded streets as well as the distribution of distinctive green space and a massive T will exceed the green area of the historic city of Babylon , described by the government.
This project will increase Turkish national income because all international commercial vessels will use it daily to travel from the Black Sea to the Sea of Marmara and vice versa. The mini world village will attract tourists to a new tourist destination within the city of Istanbul, And natural.
- High Tourism: Istanbul is one of the world’s major tourist destinations, with the city being among the top 10 most visited cities in the world, with more than 10 million visitors a year.
- Continuous development of the infrastructure: The Turkish government is carrying out a number of infrastructure development projects, some of which have been mentioned in previous points. The Turkish government will continue to build new tunnels and bridges such as the Eurasia Tunnel and the Marmari Metro Tunnel, which link the Asian and European continents from under the sea. The major structural challenges are the establishment of a great entitlement to the government. In addition to the new government project “Metro everywhere”, which aims to extend the metro station throughout Istanbul, where the government published a calendar determining the date of arrival of the metro line for each area in Istanbul, which will contribute significantly to raising the prices of the forts in these areas in the future.
- Excellent purchasing power for Turkish citizens: Real estate investment for Turkish citizens is the source of their first and most important income. The Turks have a strong desire for real estate investment and purchasing power that exceeds 60% of citizens who are able to purchase real estate. Most Turks today invest in Istanbul, where they consider them the best in comparison to other cities at the level of return on investment.