Başakşehir, a suburban neighborhood located on the European side of Istanbul, Turkey, has become a popular destination for both locals and expats who are seeking a peaceful and affordable place to live. With its well-planned urban design, green spaces, and modern facilities, Başakşehir is considered a model for sustainable living in Istanbul. It is also a fast-growing neighborhood, with many new residential and commercial projects under development, making it a smart investment choice for those looking to buy property in Istanbul.
One of the most popular housing options in Başakşehir is apartments. From cozy studios to spacious duplexes, Başakşehir offers a wide range of apartment options to suit different needs and budgets. In this article, we will take a closer look at why investing in an apartment in Başakşehir is a smart choice and what to expect when buying an apartment in this vibrant neighborhood.
Why Invest in an Apartment in Başakşehir
- Affordable Housing Options
Compared to other popular areas in Istanbul such as Levent, Maslak, and Şişli, apartments in Başakşehir are more affordable, making it an attractive option for those looking for a budget-friendly alternative.
- Strategic Location
Başakşehir is well-connected to other parts of Istanbul, making it a convenient location for those who work or have business in other areas. The neighborhood is served by multiple bus and metro lines, including the Istanbul Metro, which connects Başakşehir to the city center in just 30 minutes. The third airport, the largest airport in Turkey, is also located just a short drive away, making Başakşehir a convenient location for travelers as well.
- High-Quality Living Standards
Başakşehir is known for its high-quality living standards, with well-maintained green spaces, modern facilities, and clean streets. The neighborhood also boasts a large shopping mall, cinemas, restaurants, cafes, and parks, making it a self-sufficient area where residents can enjoy all the amenities they need without having to leave the neighborhood.
- Growth Potential
Başakşehir is a fast-growing neighborhood, with many new residential and commercial projects underway. The neighborhood’s popularity and demand for housing are expected to increase, making it a smart investment choice for those looking to buy property in Istanbul. The potential for growth in Başakşehir is reflected in the increasing property prices, which are expected to continue to rise in the future.
What to Expect When Buying an Apartment in Başakşehir
- Property Types
Apartments in Başakşehir come in different types and sizes, from studios to large duplexes. When choosing an apartment, consider your needs and budget, as well as the location and the views. For example, if you are looking for a budget-friendly option, consider a studio apartment in a less central location, or if you prefer a spacious home with a view, consider a duplex apartment with a balcony or terrace.
- Legal Process
The process of buying an apartment in Başakşehir involves a few legal steps, including obtaining a tax number, opening a bank account, and registering the property in the local land registry. To ensure a smooth and stress-free transaction, it is recommended to work with a reputable real estate agent or a local lawyer who can guide you through the process.
- Financing Options
When buying an apartment in Başakşehir, you have several financing options, including cash, bank loans, and mortgage. If you choose to finance your purchase with a bank loan, you will need to provide proof of income, a credit score, and collateral. To determine the most suitable financing option for you, consider your budget, the cost of the property, and the terms and conditions of the loan.
- Property Maintenance
Owning an apartment in Başakşehir also involves ongoing property maintenance, including paying utility bills, insurance, and common area fees. Common area fees are charged to cover the maintenance of the building’s common areas, such as the lobby, elevators, and gardens. When buying an apartment, make sure to consider the cost of these ongoing expenses and factor them into your budget.
Investing in an apartment in Başakşehir is a smart choice for those looking for a budget-friendly and high-quality living option in Istanbul. With its strategic location, well-maintained green spaces, modern facilities, and growth potential, Başakşehir is a desirable destination for both locals and expats. When buying an apartment in Başakşehir, consider your needs and budget, the location, the legal process, financing options, and property maintenance. With the right research and preparation, buying an apartment in Başakşehir can be a stress-free and rewarding experience.