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.
Traditional property for sale in Istanbul
Istanbul the city of two halves is where east meets west and old meets new, where you can find some stunning modern homes and some wonderful full of character traditional accommodation for sale in Istanbul.
Traditional property in Istanbul is not hard to find if you look in the right places. Take a trip to the prestigious areas of Bebek, Besiktas, Beyoglu and other Bosphorus districts and you will find a range of traditional real estate in Istanbul, however don’t expect a bargain in these areas as when they are offered to the real estate market you can expect premium price tags especially those right on the waterfront or those with fabulous views of the Bosphorus.
You may find traditional accommodation in Istanbul located in the inner city areas, often in protected buildings, and often in need of renovation or refurbishment, though you should always check with the local municipality to any restrictions that may be in force to any changes to the building and their interiors.
In brief, for those looking to buy traditional property in Istanbul, always prepared to pay a premium price, and do your homework on the areas and the rules and regulations. Alternatively, you can contact Turkey Homes and let us do all the hard work for you, once we know your maximum budget and your basic requirements we can begin to search Istanbul for your ideal traditional home in the city.
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Istanbul European , Istanbul 10 5
Istanbul City Centre , Istanbul 3 2
Istanbul European , Istanbul 6 4
Istanbul Asian , Istanbul 5 3