Why buy property in istanbul Turkey
When considering a property purchase in the wonderful city of Istanbul, firstly you need to decide why you are buying and your budget, Is it for pure investment for capital appreciation or rental yields? or is it a lifestyle change or holiday home for you and your family?
Istanbul is like any other major city in the world, city centre and sea view properties come with a premium price tag, quite often with six-figure tags.
Scores of overseas investors have zoned in on the city over recent years purchasing properties all across the city, cashing in on both short and long term rentals. Keen-eyed investors are buying off plan properties at launch prices where property prices increase by at least 50% by the completion dates giving you guaranteed capital appreciation in very short space of time.
The are you choose is a very important factor along with your budget, home buyers with a high budget can purchase luxury Bosphorus properties, though low budget buyers should be looking in the new fashionable inner city areas of Beylikduzu, Esenyurt west of Ataturk International airport.
Investment hotel for sale in Istanbul
Despite all the recent development in the huge city of Istanbul that has and still is providing many quality homes for city dwellers and numerous property investors, many visitors still prefer the relaxed and comfortable lifestyle of hotel accommodation.
When looking to buy investment hotel in Istanbul we recommend a city centre location to give your guests great access to all the city attractions, old and new, however an investment hotel in Istanbul for sale with a central location will require a very large budget as prices for investment hotel in Istanbul are premium, always with price tags of well into seven figures of any currency.
An investment hotel in Istanbul for sale that offers a central spot may be part of an A graded listed building, in which case may be in need of some extensive renovations work, however, listed building owners have to adhere to strict renovation rules, therefore, check the work that may need to be carried out and the rules before you commit to buy investment hotel in Istanbul, as the costs additional costs could well exceed your final budget.
Contact Turkey Homes when in search of prices for investment hotel in Istanbul and with your budget and requirements in mind; we will guide to your ideal Istanbul real estate and assist you throughout the property in Turkey buying process.