Arnavutkoy is a district north of Istanbul bordering the Black Sea. The district of Arnavutkoy translates to Albanian Village, as it was previously home to a big Albanian diaspora. The district spans over 435 square kilometers and is mostly valued for the presence of the New Istanbul Airport, the busiest airport in Europe and the 7th busiest airport in the world.
There are many topics to consider while buying a property in Istanbul or anywhere in general, we can list things like:
- Why are you buying this property? Arnavutykoy is a very big picturesque space of land that does not have many inhabitants. Therefore, the Turkish government is expanding the city of Istanbul and pushing developers to start constructing their future construction projects in the area so as to relive Central Istanbul's infrastructure.
- Doing extensive research: Purchasing real estate for investment is a multi-step procedure. You should do your research and occasionally seek advice from reliable real estate agents. The best research is to physically be in the city and make sure that the projects exit.
- Investigate, and look into all the details: Make sure that the property that you are examining has all the needed documents. You can make sure of that when you have a reliable and trustworthy real estate agent.
- Hiring a private lawyer to take on the burden of property status inquiry and to ensure that all relevant procedures are carried out legally may appear to be too expensive. However, this would help minimize further financial costs associated with human error and bad conduct of sales personnel. The lawyer will also assist with accelerating military cleansing procedures and reducing potential delays.
How are the Prices of Properties in Arnavutkoy Determined?
Multiple factors determine the pricing of property projects in the district, below are the most critical ones that directly relate to those figures:
- The location: Closer proximity to the highway and the Airport makes the property more valuable.
- Stage of construction: Construction projects that are closer to their delivery date are more expensive than those that are off-plan.
- Area of the construction
- Social Facilities Provided: The facilities provided in a residential compound hugely affect the price tag of the apartments inside.
What are the Benefits of Buying a Property in Arnavutkoy?
As central and urban Istanbul is getting crowded with less space to build new housing units for people who are flooding into the city on a yearly basis, the government decided to expand the premises of the city and take advantage of the unused space between Central Istanbul and the Black Sea.
Below are the points that might attract potential investors to buy cheap real estate in Istanbul:
- Location Advantages: Arnavutkoy is connected to the Asian Side of Istanbul with The Yavuz Sultan Selim Bridge, also known as the Third Bosphorus Bridge. The area is home to the New Istanbul Airport are well.
- Nature Elements: Another incentive to select Arnavutkoy above other property markets is the area's distinctive natural features. The picturesque Bosphorus Marinas, Marmara Beach, and the Black Sea attract both tourists and investors who may get everything they need in one location.
- Capital Appreciation Opportunity: As the district grows, so will the prices of real estate. Buying a property now would allow you to catch the wave early and make higher profits in the long run.
What are the Features of Property Located in Istanbul?
While Istanbul is a popular real estate destination, properties in Arnavutköy are hidden gems that are quickly gaining attention from investors. The district offers a number of advantages over other parts of Istanbul, including:
- Variety of property types: Arnavutköy offers a wide variety of property types, including apartments, houses, villas, and lands. This makes it a good option for buyers with different needs and budgets. The built properties usually enjoy a larger square meter than the ones inside the city.
- Stunning views: Many properties in Arnavutköy offer stunning views of the Black Sea and the surrounding mountains. This makes for a more enjoyable living experience and can also increase the value of your property.
- High quality of life: Arnavutköy is a relatively affluent area with a high standard of living. Residents have access to good schools, hospitals, and other amenities in areas such as Gokturk.
- Proximity to Istanbul: Arnavutköy is located just a short drive from Istanbul, making it easy to commute to the city for work or leisure.
- Investment potential: Arnavutköy is a growing area with a strong demand for property. This makes it a good investment for those who are looking to buy property in Turkey.
What are the Reasons to Buy Property in Arnavutkoy?
Arnavutkoy is a very desired destination in Turkish real estate for both local and foreign real estate investors, according to real estate investment statistics. Many factors contribute to this city's popularity as a leader in Turkey's housing initiatives, including:
- Suitable prices for investors and people looking for homes
- Advanced infrastructure that comes along with the 2nd Bosphorus Strait and the New Istanbul Airport
- Cleaner air than the surrounding area and more green spaces
- Government investment already made in the area
What are the Property Options in Arnavutkoy?
The most significant trait of Istanbul's property market is its diversity. Countless options suit everyone, based on design; budget; utility, and quality standards. You can find:
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Apartments and flats: Apartments and flats in Arnavutköy are available in a variety of settings, including fully serviced housing compounds, stand-alone towers, and independent residential buildings. Quality and amenities vary, from budget studio apartments to luxury penthouses with five-star hotel-like services. Affordable properties are also available without sacrificing quality.
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Detached villas and house properties: Villas in Turkey, like the ones in Arnavutkoy, are typically designed with high-end luxury features in mind, with first-class finishing, inclusive facilities, and top-quality decorations. They often offer stunning views of the city lights, landscaped green spaces, lakes, or direct access to the beach.
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Shopping centers: Shopping centers in Arnavutköy feature all-purpose commercial units and carefully designed stores. They are mostly located near main roads, social gathering places, major highways, and traffic intersections.
Who is Suitable for Owning a Property in Arnavutkoy?
Real estate buyers in Istanbul can be broadly classified into the following groups:
- Investors: Istanbul is a major economic and financial center, and its real estate market is one of the most attractive in the world. Investors are drawn to Istanbul's potential for capital growth and rental income.
- Second home buyers: Istanbul is a beautiful and vibrant city with a rich history and culture. Second-home buyers are attracted to Istanbul's unique charm and its proximity to Europe and Asia.
- Retirees: Istanbul is a relatively affordable city with a high standard of living. Retirees are drawn to Istanbul's mild climate, its excellent healthcare system, and its diverse cultural offerings.
- Expats: Istanbul is a global city with a large international community. Expats are drawn to Istanbul's job opportunities, its cosmopolitan lifestyle, and its central location.
Are Properties Located in Arnavutkoy Suitable for Those Who Want to Be Turkey Citizens?
Yes, properties located in Arnavutköy are suitable for those who want to be Turkish citizens. However, other financial considerations and ownership obligations should be taken into account, to be fully compliant with the current legal clauses of the application process.
What are the Advantages of Property Buyers in Arnavutkoy?
The experience of living in Istanbul city is unlike anything else in Turkey. On so many levels, the vibrant texture of this metropolis attracts a great number of individuals who want to live there and experience the pleasures of such a life.
The following are some of the key advantages of investing in Arnavutkoy:
- Affordable prices: Property prices in Arnavutköy are generally lower than in other parts of Istanbul, making it a more affordable option for buyers.
- Variety of property types: Arnavutköy offers a wide variety of property types, from apartments to villas. This makes it easy to find a home that meets your needs and budget.
- Stunning views: Many properties in Arnavutköy offer stunning views of the Black Sea, the surrounding mountains, or the city skyline. This makes for a more enjoyable living experience.
- High quality of life: Arnavutköy is a relatively affluent area with a high standard of living. Residents have access to good schools, hospitals, and other amenities.
- Investment potential: Arnavutköy is a growing area with a strong demand for property. This makes it a good investment for those who are looking to buy property in Turkey.
- Proximity to Istanbul: Arnavutköy is located just a short drive from Istanbul, making it easy to commute to the city for work or leisure.
What are The Payment Methods for Buying Properties in Arnavutkoy?
The payment plans and financial routines for buying a property in Istanbul are generally quite flexible and not that complicated. In most cases, they fall into the:
- Advanced down payments of corresponding installment plans: The amounts and time frames are usually changeable based on commercial formulas. Long-Term/Short-Term, as well as annual installments, are also among the used patterns.
- One-time cash payments: Those types of financial terms are usually accompanied by competitive discounts. They are more applicable for affordable pricing modules