We will share with you information about penthouses for sale in Istanbul, starting with the importance of this option, the types available in Istanbul, all the way to talking about the investment value for that, the factors that determine the price of the penthouse, and some directions from Al-Fanar Real Estate for those wishing to buy a penthouse in Istanbul.
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Are you looking for penthouse apartments for sale in Istanbul?
If you are thinking of buying a penthouse for sale in Istanbul, this city offers a unique opportunity for those wishing to live and invest in this type of apartment.
It provides a luxurious lifestyle, and is considered a profitable investment value, especially with attractive engineering designs, spacious spaces, wonderful views, and various amenities and luxury.
The choice of Istanbul in particular for this decision is considered a smart choice, why?
Simply because this city enjoys its attractive strategic location, permanent vitality, in addition to its real estate boom, and provides a lot of housing and investment ingredients.
Let us dive more into the idea of owning penthouse apartments in Istanbul through the following paragraphs.
Types of Istanbul penthouses available for sale
You can find many options of penthouse apartments for sale in Istanbul, which may differ from each other in the type of view, and this is what we explain in the following paragraphs:
Penthouse with sea view
Spacious apartments with a beautiful sea view are considered one of the best real estate options, especially if we are talking about penthouse apartments, as the stunning sea view gives the apartment beautiful and unique touches.
This option can be available in areas close to the sea in Istanbul, such as Marmara Beach, areas overlooking the Aegean Sea, and neighborhoods near the Bosphorus, whether on the European or Asian side of the city.
Green view penthouse
Penthouses that overlook green spaces are also considered among the desirable types of housing and even real estate investment. These apartments provide a quiet space away from the noise of cities and environmental pollution.
City view penthouse
As for this type, it is located in the central areas of Istanbul, overlooking the city or the highways, and gives a nice impression when staying near the vibrant life in Istanbul. This type of apartments also provides you with proximity to work centers, commercial activity, and daily vitality.
Advantages of penthouse apartments in Istanbul
When you think of buying penthouse apartments for sale in Istanbul, you will find many attractive advantages, which can be summarized according to the following sub-paragraphs:
View of the wonderful scenery in Istanbul
Many penthouses have panoramic views of the Bosphorus, Marmara Sea, city skyline, or other areas, and these views are not only beautiful, but can also be a valuable asset, as they can increase the resale value of the property due to its exceptional view.
A high degree of luxury and elegance
Penthouse apartments in Istanbul offer a high level of luxury, as many of the complexes that offer penthouse apartments offer private swimming pools, gyms, and saunas, in addition to social services such as security, guarding, maintenance, parking garage, and other services.
This level of luxury and amenities gives you a sense of distinction and exceptionalism, especially if we talk about the attractive engineering designs and modern decorations, the elegance of this type of apartments, the spaciousness of the apartments’ spaces, the aesthetics of their distribution, and many other specifications that help in enjoying a comfortable life.
independence and privacy
Those who have penthouse apartments for sale in Istanbul have the perfect opportunity to live independently, if this independence means moving away from the usual noise of neighbors, and uncomfortable popular lanes, or that independence is within the apartment itself, for each member of the family, because there are a large number of rooms within one apartment.
High investment value
Penthouses in Istanbul have the potential to be a good investment, as the city is a major financial and cultural hub, and is expected to continue to grow in the future.
This growth is likely to lead to an increase in the prices of penthouse apartments, which makes them a good investment for the future, with a profitable return that exceeds expectations.
vital site
Penthouses in Istanbul are usually located in prime and central locations, as these locations provide access to a variety of amenities, attractions and tourism, making them ideal for those who want to be close to nature and not separated from life and work.
Read also: apartments for sale in Türkiye
What factors determine the price of a penthouse apartment in Istanbul?
One of the important points when talking about penthouse apartments for sale in Istanbul is that we talk about the prices of this type of apartments, especially since they are usually very expensive compared to ordinary and small apartments, as they range between 500-700 thousand US dollars, and may reach a million dollars in some cases.
This discrepancy in the prices of penthouse real estate in Istanbul is due to several factors, namely:
The location of the apartment
Penthouses located in prime locations, such as the Bosphorus, Beyoglu or Kadikoy, tend to be more expensive than those located in more central locations, because these locations offer stunning views, access to amenities, and a different lifestyle.
space
Penthouse apartments come in a variety of spaces, and therefore the cost of purchasing this apartment increases as its area is larger, especially since the extra spaces mean more square meters, and larger spaces for rooms, salons, kitchens, and balconies, all of these advantages definitely require paying a higher price.
Build quality
The better the building is from an engineering point of view, and in terms of interior decoration and building materials, the price of apartments in it is more expensive, so we find that the prices of apartments in residential complexes are more expensive than
The prices of ordinary apartments, even at the level of complexes, the better the reputation of the construction company and it is known that its buildings are of high quality, the prices of the penthouse apartments that it supervises its construction are more expensive than those that other companies build.
The view
The view of the penthouse apartments plays a pivotal role in determining the price of the apartment, as the larger the balcony of your house and its view more interesting, the higher the price of the apartment, as well as the panoramic views associated with prices that are more expensive than the regular views.
Read also: Apartments for sale in Istanbul
Who is suitable for them to buy a penthouse apartment in Istanbul?
Certain categories of people usually look forward to looking for penthouse apartments in Istanbul, and the most important of these categories are:
high-income people
This expensive real estate option is usually sought by those who have the ability to pay its price, or manage their budget well if they buy a penthouse apartment by installments, for example, and in both cases, the owner of this option must be with a high income.
Those who want a luxurious lifestyle
There is no doubt that life in this type of house is an option for those looking for a luxurious life, and for the advantages of entertainment, luxury and happiness, so you always find someone asking about a penthouse for sale in Istanbul who has good taste and aspires to live a comfortable life.
Seekers for personal benefits and privacy
Penthouse apartments greatly support the idea of independence, and allow the property owner to add many personal benefits to his property, and allow each family member to have his own room, and decorate it according to his personal preferences.
Large families
Penthouse apartments meet the aspirations of large families to obtain a large space for living and stability without feeling pressure or discomfort, especially if the number of individuals exceeds the limit of 6 children, and the desire for this type of apartments increases as the age group of family members is older.
Those who plan to invest long term
Investing in penthouse apartments for sale in Istanbul is a suitable idea for long-term investment, so whoever has the ability to invest an amount of money exceeding half a million dollars, and for a long-term period that may reach between 6-10 years, will certainly find penthouse apartments a smart choice.
It also achieves very high rental returns, and provides an opportunity for real estate investment in tourism. Rental returns increase dramatically annually, which provides a large and increasing profit flow over time.
Those who want to obtain Turkish citizenship
These apartments provide an opportunity to obtain Turkish citizenship for those who wish to invest in real estate to obtain Turkish citizenship, especially since their prices exceed the limit of 400 thousand US dollars, which is sufficient to request obtaining Turkish citizenship through real estate investment.
The investment value of Istanbul penthouse apartments
If we want to talk about the investment value of the idea of owning penthouse apartments in Istanbul, we must address three important and pivotal points, which are:
The value of the apartment rises after several years
Real estate prices in Turkey in general have been witnessing a clear increase for at least five years, and given that penthouse apartments have large areas, the increase in their price will also be significant.
For example, Istanbul real estate prices have doubled in just five years, so what was $100,000 in 2018, will be $1 million in 2023.
Rent a penthouse apartment in Istanbul
In addition to the fact that the rent for a penthouse apartment is very high, there are also promising opportunities to increase this value by at least 25% annually, for example:
When renting a penthouse apartment for 30,000 TL in 2023, expect its rent in 2024 to reach at least 38,000 TL, and in 2025 it could reach 50,000 TL.
But if the rent is for tourism purposes or in the form of furnished apartments, the rental returns and the annual increase are much greater than that, and it can be calculated in dollars.
Investing in a penthouse under construction in Istanbul
You can search for penthouse apartments for sale in Istanbul under construction and get them at a relatively low price, then wait until the completion of the construction of the residential complex and the delivery of the apartment, and then its value in the market will be higher than the price you paid.
This option is suitable for those who are not in a hurry with the idea of moving to a large house, and it also provides an opportunity to buy in installments, so it is very beneficial for a large segment of investors.
In this article, we have provided you with a detailed report on penthouse apartments for sale in Istanbul, hoping that we have answered all your inquiries about this classy type of apartment.
For more information, always contact Al-Fanar Real Estate
