What should be considered when buying an entire building in Beşiktaş?

If you are planning to buy an entire building in Beşiktaş, it is important to have clear answers to the following questions:

Will the building be used for commercial activities or as a residential living space?

Will it be purchased for investment purposes or for personal use? What is the earliest timeframe in which it might need to be resold?

What demographic structure is preferred in the area where the building is located? Is a young & new building or an older building preferred?

When buying a building in Beşiktaş, it's important to pay attention to the following points:

Is the building registered with an occupancy permit, a condominium title deed, or a land title deed?

Is the project fully legal with the Beşiktaş Municipality? Are there any unauthorized uses?

If the building is old, is there an increase or decrease in the building density ratio in the area?

Does the building fall within the Bosphorus View Protection Zone?

What is the parking situation for the building and its immediate surroundings? You need to consider not only your own vehicles but also guest vehicles. What is the building's rental yield? Where does the area's real estate value increase stand compared to the average?

Is the building suitable for rental services for tourist accommodation, what are the costs, and how long would it take to obtain the necessary permits?

Will the building be purchased from a company or an individual? VAT is an important consideration when deducting expenses.

Location is a crucial factor when purchasing a building in Beşiktaş. Whether the building will be used for commercial or residential purposes will be the primary determinant. If it will be used commercially, proximity to a main artery is very important, allowing easy access for both employees and customers.

If the building will be used residentially, factors such as tranquility, demographic preferences, and proximity to the coast and social life centers will be important considerations.

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