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 villa in Istanbul for sale
Anyone looking to buy traditional villa in Istanbul will need a rather large budget, in fact you will almost certainly need a seven or eight figure budget as prices for traditional villa in Istanbul area extremely high as they are often steeped in wonderful history from the ancient Ottoman Empire and are associated with the grandeur of the era.
You can find large traditional villa in Istanbul for sale in the areas that surround the huge Belgrad forest north of the city centre, though again prices for traditional villa in Istanbul in these areas will match those from the Ottoman period and will often be seen with huge private grounds, hosting staff annexes and guest houses.
All-in-all anyone searching for a traditional villa in Istanbul you need to check your budget as you will find it very difficult to find a property for under seven figures as villas in Istanbul are linked to the wealthy people of the city.
Contact Turkey Homes when looking to buy traditional villa in Istanbul, and we will guide you to you dream home in the city, whether it be for relocation or for investment purposes.