A Complete Building Investment in Beşiktaş: Profitable or Risky?

Beşiktaş is Istanbul's most valuable residential area, both for commercial and residential purposes.

Urban transformation has been ongoing for the last 4-5 years, although the pace varies by district.

Furthermore, brand-name residential developments are also rising along major thoroughfares such as Büyükdere Cd, Barbaros Boulevard, and Nisbetiye Cd.

In the coming years, real estate value in Beşiktaş will likely increase, as will the demand for the area's upscale segment.

Therefore, purchasing a complete building in Beşiktaş may be a sensible option.

Here are some key points to consider:

• Does the building's location meet expectations?
• Will the building be old or young?
• If the building is old, the municipality should determine how much of the project is legal and how much is informal (to determine the construction area level in urban renewal).
• If the building is old, is there an increase or decrease in the area or the building's comparables?
• Where is the building's purchase price compared to comparables?
• Will the building be purchased for investment or use?
• Does the floor plan meet expectations?
• Is there a parking area, and if so, does it meet expectations?
• Is the building in a flat or hilly area?
• If the building is old, is there a deterioration or risk report?
• If it is being purchased for investment, is the rental multiplier attractive?

gayrettepesatilikdaire.com.tr/en