Should You Invest in Urban Renewal Areas in Istanbul?
The construction sector in Turkey has been going through a very active period in recent years. Istanbul, in particular, is at the center of urban renewal efforts as a city where traditional and modern architecture merge. These efforts aim to renew the city and equip it with safe and modern areas. So, is it worth investing in urban renewal areas in Istanbul?
The answer: Absolutely yes! There are many advantages to investing in these areas. Here are the most noteworthy reasons:
New and Modern Construction
Urban renewal projects replace old and risky buildings with modern and safe ones. These new buildings are designed to be earthquake resistant. In a city like Istanbul with a high earthquake risk, safe buildings are of great value.
Therefore, buildings in urban renewal areas become attractive for investors. In addition, these projects surrounded by green areas offer an environmentally friendly living space. This provides advantages for both investors and residents.
Enriched Neighborhood Facade
With urban renewal, the living standards of neighborhoods are also rising. Transportation infrastructure improves, new social areas are added, and aesthetic architectural details transform neighborhoods into centers of attraction. The enrichment of the social environment in these areas also increases the commercial value of the investment.
This regeneration increases the property value of investors and improves their quality of life. Those who buy property in redeveloped neighborhoods make big profits in the long run.
A Rapid Increase in Property Value
Urban renewal areas have great potential in terms of real estate value. For this reason, investments made in these regions provide high returns in the short and medium term. With official support from the Turkish government, the process accelerates and the value of the buildings in the region increases.
Especially in big cities like Istanbul, investing in these areas is considered a promising move.
Conclusion
Buying property in areas planned for urban renewal is both a safe and lucrative investment option, especially for early buyers. Most importantly, these areas are ideal for those who want to create a profitable business plan. You can take advantage of this opportunity by examining the urban renewal projects in Istanbul!
