Investing in commercial properties is one of the best and most high-level professional investments in the real estate sector. Moreover, it will be highly profitable, stable, and have a short span to give you good ROI. Having a good property shows right from the start the outcomes you can get from your investment.
Turkey is growing day by day, and investing in the commercial real estate sector can give you access to opportunities and good returns from your investment. However, whenever you decide to buy a commercial property for sale in Istanbul, there are certain factors that you should keep in mind to make a most profitable deal. Keep reading to uncover them.
Your Commercial Property Needs To Be Located Near Public Transportation
As you search for a suitable property, one of the important things is ensuring that the property you want to buy is located close to Istanbul’s metro network. And it is not unlikely to occur as a metro network has been expanding quickly in the past few years in sync with the quick expansion of the city. The Istanbul metro railway lines reached nearly 145 km in 2015 and had to become 441km in 2019. Though the network did not achieve this target, there is work in progress whereby it is set to reach a length of 981 km by 2025. Investing in a commercial property in Istanbul near a metro station gives you a higher demand for your property and the right way to close a resale deal at a higher price.
Prefer City Center to buy Your Commercial Property
Though many people consider Taksim Square the city center, it is untrue. But, this is assumed due to the geographical location of the central part. Few people think of historical districts such as Beyoglu, Besiktas, Fatih, Sisli, Uskudar, and Kadikoy in Istanbul as the city center. However, due to a much more comprehensive and much more advanced Istanbul, the City Center is more related to the activity level of the city.
You can find a highly active and energetic part of the city where different facilities are located, such as banks and restaurants, cafes, hospitals, government centers, and markets. Modern-day Istanbul is quite more significant than the districts mentioned earlier. What you can find here are districts such as Atasehir, Bakirkoy, Bacilar, Kagithane, Maslak, Levent, Goztepe, and Zeytinburunu that are part of the city’s middle circle.
The outer circle of the city has several districts such as Avcilar, Beylikduzu, Bahcesehir, Basaksehir, Cekmekoy, Esenyurt, Kucukcekmece, Kartal, or Pendik and Sancaktepe. These are also considered the city centers due to the following:
- Quality of the services and facilities present in the cities.
- Available buildings and developments.
- The number of people living in those districts.
These factors provide a better insight into making Istanbul more realistic and give a better idea of the city’s development. Also, you need to understand why it is unfair to limit Istanbul to a few districts.
As you look forward to buying the following commercial property, make sure that you can get the best option to look forward to Istanbul’s old city center because it gives you a higher rental income. It also costs higher. But, the most important thing is to get a broader range of options in different locations in the city centers of Istanbul. You get highly affordable and highly profitable options.
Buy A Commercial Property in a Shopping Center
Earlier, all capitals and cities in a country had markets and streets where people could go shopping or look forward to some services. In historical cities such as Istanbul, specialized markets provide you with a higher-level service and high-quality products such as smith, jewelry, and carpenter markets.
Business centers and shopping centers are provided for putting together products and services sellers in one place. It led to improved demand and a higher number of clients. If you have a property in a business or a shopping center, it puts you in the spotlight of searchers and helps you get a greater demand, possibly giving you a higher rental income. The number of shopping centers and business centers in Istanbul is increasing due to an increase in the city’s population.
Bonus point: An Important Thing To Consider To Buy Commercial Property
As a top-class option, properties In Istanbul for sale close to a metro station for a business or shopping center are a better prospect, especially from a commercial market perspective. The choice may not be accessible for many of us as many factors lead to a higher price.
It is best to get an off-plan property that is still under construction. It gives you a higher chance of achieving a lower price or going for a more manageable payment plan with a higher profit margin because capital appreciation syncs with the calculation after construction.
To invest in commercial properties is a highly professional investment in the real estate sector. It provides a highly stable and profitable short time span and gives a good ROI. It’s best to go for commercial property investment by considering the various factors linked to your purchase.