Real estate in Antalya is one of many options in Turkey for a successful investment. Istanbul has some very promising new areas for buy flats for investment in Turkey. With a budget of 130 thousand dollars, you can start successful investment activities in this metropolis. What are these areas? What guarantees success in real estate investment?
Istanbul and its investment areas
Istanbul is a city that took shape and quickly expanded to the east and west. We can highlight the following sectors for investment.
The central part of Istanbul includes areas close to the Bosphorus, such as Şişli, Maslak, and Beyoglu on the European side. It includes Üsküdar, Kadıköy, and Beykoz on the Asian side.
Investments in these areas are feasible at around half a million dollars.
If you choose areas close to the center, such as Keit Hana, Ayub, and Zeytinburnu, you can find a good investment with a slightly smaller budget.
Savvy investors are considering European Istanbul’s central sector, such as Basin Express, Basaksehir, Kucukcekmece, and the Asian urban areas of Atasehir and Cekmekoy. There are many new projects in these places, and therefore, it takes work to resell them. The infrastructure is almost complete, which has a beneficial effect on investment feasibility.
The budget required for a successful investment exceeds 200 thousand dollars in the European suburbs of Istanbul, such as Beylikdüzü, Esenyurt, and Bahcesehir, and further to Büyükçekmece. In the Asian part, these are Maltepe, Kartal, and Pendak.
What to look for when investing in Istanbul
Today, investors are looking for new directions for successful investments in real estate. To ensure greater benefits from long-term investments, it is essential to take into account the following:
- There is no transport infrastructure such as metro lines – there is an opportunity to get a greater return on investment after transport development.
- A small number of related services – this allows you to benefit from doubling prices after the completion of socially significant facilities, such as schools, universities, health and entertainment centers.
- Surrounded by old neighborhoods, if their renovation is planned, you can benefit in the future after improving the area.
- The lack of competition in the area allows you to maximize the possibility of resale at a later date.
Can you imagine getting a property like this for just $130,000 or less? Investors today do not choose ready-made areas with expensive apartments. They refocused on quiet areas without nearby infrastructure and with prospects for improvement in the coming years.
Best tourist spots in Istanbul
The longer you walk around Istanbul, the more interesting places you will encounter. Above, we have already told you about Hagia Sophia. Now it’s time to get acquainted with Topkapi Palace, which for a long time served as the residence of local sultans.
The building itself was erected in the 15th century. However, it became known as a tourist attraction in Turkey only in the mid-20th century. The palace grounds contain various official buildings. While inside, you can see the elegant and magnificent chambers of sultans from different eras.
Also, in the palace, there are local museums (history of the Ancient East, archaeological, etc.). After passing through the courtyard, you can find yourself in the harem, which Suleiman I built at the insistence of his wife, Roksolana.
From one of the palace’s courtyards, tourists can see an excellent landscape (Bosphorus). There is also a spacious park with verandas, gazebos, and ponds.
Istanbul Archaeological Museum
What to see in Turkey in winter, when a beach holiday is not the best solution? We recommend going on an excursion to the archaeological museum, which is located in Istanbul. In it, you will see exhibits of Turkish culture from ancient times. The museum displays more than one million exhibits of world value.
The building opened in 1891. However, the museum’s construction was completed only at the beginning of the twentieth century. What you can see in the archaeological museum:
- Sarcophagus of a crying woman;
- Statues from Ancient Greece;
- Exhibits brought from the excavations of Troy;
- Details of the majestic Temple of Athena;
- Bust of Alexander the Great;
- Bust of Zeus and other masterpieces of ancient art.
Many tourists going on holiday to Turkey always visit Istanbul. We have already described above what to see in the largest city in the country. However, this is far from the most complete list of attractions in this region. Many tour operators today include visiting the Galata Tower as a mandatory part of their program.
It is located in the European part of the city and has long been considered a symbol of Istanbul. The height of the building is more than 60 meters, making it visible from anywhere in the city. The building was erected in the middle of the 14th century. Then, it was called the Tower of Christ. Earthquakes that occurred in the 16th century severely destroyed the tower. Over time, the landmark was restored, and since the mid-twentieth century, the important monument has become open to all tourists who want to see the sights of Turkey.
Inside the building, there is a spacious elevator that can take you to a height of 137 meters. From here you have a beautiful view of the city and the sea. If you are tired, rest and relax in one of the restaurants or cafes located on the complex’s territory.
We recommend that you visit the Galata Tower in the evening. Photos of sunset Istanbul with its evening lights amaze with their splendor.
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