Real Estate Investment in Taksim Istanbul
Real estate investment in Turkey is the main ingredient for success and stability for Turks and foreigners, especially investment in the city of Istanbul, which includes several regions and places, the most famous of which is the Taksim area, which is one of the most important places where real estate investment is practiced in its various forms, and this has been helped by the presence of a developed real estate market in the region that is rich in all types of real estate available for sale and investment, and for this, Taksim is considered one of the most important areas of Istanbul in the field of real estate investment and success in it.
Real estate investment in Taksim
We begin by introducing the Taksim area. It is a very important area in the city of Istanbul, specifically in the European section of it. This area occupies a beautiful and attractive strategic location in the city center in the Beyo?lu area. This area is considered the first tourist interface for Istanbul because of its containment of all the ingredients that make any quiet area a tourist area visited by thousands of tourists from all sides. Therefore, this area constitutes a mass of importance distributed over several areas, the most important of which is the real estate investment in this area, so that the tourist features and the interest of the Turkish government in this area make investing in Taksim real estate possible and easy and made it a process to achieve the goals and reach the real estate success that all people around the world are looking for, so we will take you in a tour around the most important points related to real estate investment in Taksim.
Reasons for the success of real estate investment in Istanbul Taksim
All investors dream of visiting Taksim, Istanbul, investing in its real estate, and achieving what it was unable to achieve in other areas. Therefore, this region is considered a platform for real estate success and making money that cannot be earned in other regions. This is due to many reasons that made the real estate market in the region as it is:
-Strategic reasons
The strategic reasons are related to the geographical location of this region. As we mentioned earlier, the Taksim Istanbul area is located in the center of Istanbul and is located between two important sites, the Golden Horn and the Bosphorus Strait, which gave it great strategic importance and made it a link between the regions on the European side and the neighboring regions. It is located in the Asian section of Istanbul, and this is what attracted large numbers of investors to it and made them invest in real estate in it successfully and achieve huge funds and great profits that made them owners of large capitals and able to practice real estate investment in a larger and larger way, and also contributed to drawing the government’s attention to it, facilitating the real estate movement in the region, developing its infrastructure and making it one of the first areas that thrive in real estate in Istanbul.
-Tourist reasons
As for the tourism reasons, they are divided into two important parts that made Taksim of the most important tourist areas of Istanbul, and they are:
-Natural importance: The natural importance is the importance represented by the natural components found in Taksim, such as natural resources, green trees and grassy squares, and this is evidenced by the presence of a huge and beautiful park in this area called Gezi Park, which is one of the most beautiful and most important gardens in Istanbul and contains large, perennial trees, green orchards and other elements comfort and tranquility, as it contains seats to sit and take a rest, so the natural importance of Taksim has a major role in making real estate investment in it successful in all its forms.
-Historical importance: As for the historical importance, it is represented by the historical elements that made Taksim a shrine and a center for attracting tourists. The most important of these historical elements are Taksim Square, Istiklal Street, the Republic Monument and the cultural center located in the center of this area. All these historical areas are worth nothing in front of the old history of Taksim that it was built by the first Ottoman Sultan, as well as the old water lines that were distributed through them to all parts of the city, and that is why this area was called the Taksim area, as well as containing a theater and an opera house. Therefore, this region has a great historical importance that contributed to attracting tourists to it and contributed to the development of real estate investment in the region and making it a gateway to success and stability.
-Economic reasons
The economy in Istanbul bears a major role in improving the level of real estate investment in Taksim, which has become the basic process for all visitors to this region and has become the most important goal of visiting it in order to reach real estate success and increase and collect capital.
-Commercial reasons
They are the commercial components, which lie in the importance of its location between the huge trade gates in Turkey, the Bosphorus Strait, which is a center for passing of goods and commodities. Thus, the Taksim area has become of great importance in the world of trade, especially after the opening of a large number of trade facilities, malls, markets and other commercial components in the region which contributed to making real estate investment easy, profitable and fulfilling hopes.
-Social reasons
As for the social reasons, they are represented in the nature of the people in Istanbul and in the Taksim area in particular, which has made this region a center for attracting investors and tourists and thus the strength of the real estate market in the region and made real estate investment in it successful in all its forms.
How to make a successful real estate investment in Taksim Istanbul
There are several things that the investor must take into account before investing in real estate in Taksim.
1- Good choice of the property and method
These are the most important things that the investor must choose carefully. The property is selected in several stages. The investor begins by choosing the type of property he wants to invest in, either an apartment, villa or house, and then chooses the specifications and features of this property such as location, view, space, designs and other specifications required by investors and tourists in this area and then proceeds to choose the appropriate method of investment as selling, buying or renting in order to ensure the success of this process in the Taksim area.
2-Choosing a well-known real estate company
This is another necessary and important matter so that the investor must inquire about the best real estate companies in the region and then contact them, coordinate purchase matters and procedures, visit the real estate available on the ground and see their specifications to ensure that he does not fall into the trap of deception and fraud.
3-Accurate conclusion of contracts
In this step, the investor signs contracts to purchase a property and he must study the terms of the contract carefully and not sign the contract except under the supervision of a notary public or in a competent government department in order to transfer the ownership of the property to him and not to fall into real estate mistakes or fraud and real estate embezzlement.
4-Paying taxes on an ongoing basis
When paying taxes of the property on an ongoing basis, the property owner ensures that the real estate investment process is carried out correctly and successfully and is not subjected to deception or falling into financial fines related to real estate in the Taksim area.
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