Buying an apartment in Istanbul or land?

When it comes to investing in attractive real estate in Istanbul, important questions come to mind regarding the best option: Should you buy a ready-made apartment or buy a plot of land to build your property? In the world of real estate, these decisions can be confusing and require careful evaluation of the pros and cons of each option.

Istanbul is full of golden opportunities in the real estate market, and there is always a debate about whether to choose an apartment in Istanbul or an empty plot of land and therefore, we will explore with you the details and advantages of each of these two options, to help you make the best decision that meets your needs and aspirations to invest and live in Istanbul.

Advantages of buying an apartment in Istanbul

1. Istanbul is an intersection point between European and Asian continents, which makes it an important investment destination and a strategic location for housing.
2. Istanbul has an active and prosperous economy, which enhances investment and living opportunities in the city.
3. There are integrated facilities in Istanbul, including schools, universities, hospitals, commercial and entertainment centers.
4. It is characterized by its rich history and cultural diversity, which provides a unique life experience.
5. Most of the apartment projects in Istanbul feature modern designs and modern facilities.
6. Buying an apartment in Istanbul saves you the time and effort associated with building a property from scratch.
7. Most of the apartment projects in Istanbul provide around the clock security and protection.
8. Many projects provide common facilities such as swimming pools, gyms, and entertainment areas.
9. An apartment in Istanbul can be invested by renting it out to tenants, which makes it a good option for financial return.
10. The real estate market in Istanbul is witnessing sustainable growth, which offers good opportunities for investment.
11. There are many major development projects in the city, which enhance the value of real estate.
12. You find a variety of apartments of different sizes and prices that cater to different needs.
13. Istanbul allows you to choose a diversified lifestyle between urban life and quiet areas.
14. The city provides a developed transportation system that facilitates movement and access to various places.
15. Due to the topography of the city, you can find apartments with great sea or city views.
16. Istanbul offers a diverse nightlife with a range of restaurants, cafes and entertainment venues.
17. You can enjoy gardens and parks in Istanbul for leisure.
18. Istanbul combines multiple cultures, making it a destination for lovers of cultural diversity.
19. By purchasing an apartment in Istanbul worth 400,000 US dollars, Turkish citizenship and a Turkish passport can be obtained 
20. You can obtain real estate residency in Turkey by buying an apartment in Istanbul worth $75,000.
21. Istanbul offers opportunities to enjoy festivals, events and social activities throughout the year.

Cons of buying an apartment in Istanbul

1. Buying an apartment in Istanbul requires paying large amounts in the form of a down payment and monthly installments for a long period, these costs may be heavy on the financial side.
2. Regular maintenance of the building and common facilities may increase costs in the long run.
3. There may be restrictions and regulations that affect the ability to modify or use the apartment in the way you wish.
4. Developments in the area around the apartment that may affect the environment and the surrounding landscape.
5. You may be exposed to fluctuations in real estate prices and the demand for apartments in Istanbul, which affects the value of your investment.
6. The legal and bureaucratic procedures associated with buying an apartment in Istanbul can be complex and time consuming.
7. In some cases, you may face difficulty in selling the apartment due to changes in the real estate market in Turkey.

Advantages of buying land in Istanbul

1. When you buy a piece of land in Istanbul, you will enjoy a high level of privacy and independence and instead of buying an apartment within a residential complex, the entire property belongs to you, from the floor to the building.
2. You can design the property according to your personal taste and needs and you can take into account the number of family members and their future development when designing the property.
3. Owning a plot of land that enables you to build multiple floors and make better use of the space and you can expand the building to accommodate the family, rent floors, or establish a commercial project, while respecting local laws.
4. Owning the land gives you the freedom to design the front of the property and define its shape according to your personal taste.
5. It gives you great freedom and a distinguished social position as a result of your independence and organization of your owning the property
6. The acquisition of land allows you to monitor all stages of construction and finishing, which makes you confident in the quality of work and connections.
7. Can build the property at the time you see fit and according to your financial capabilities, without having to complete the construction immediately.

Cons of buying land in Istanbul

1. You may face a challenge in determining the optimal area for your project on the purchased land. Real estate experts can help you determine the appropriate area and prepare a detailed plan for design and costs.
2. Buying land in Istanbul requires additional time and effort in the construction process and completing all the details and this requires additional effort in terms of time, financial costs, and patience.
3. The property that you acquire requires periodic maintenance costs, especially if the residential project is large and its requirements are high in terms of costs and specifications.
4. You may face difficulties in dealing with contractors, workers, and construction supervisors and this requires continuous follow-up to ensure that the desired design and specifications are achieved.
5. In the event that you decide to sell the property that you built on the land, you may face more difficulty in the selling process compared to the ready-made apartments, which are in greater demand from those wishing to invest in real estate in Istanbul.

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