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 City Center
Istanbul is full of wonderful history and even though it has seen some major transformation in recent years it still has its traditional areas and some amazing ancient architecture especially in and around the city centre where many buildings are ‘A’ listed and protected by the government.
Traditional property in Istanbul city centre can be in need of renovation, and we would always advise when you look at this type of traditional accommodation for sale that you check the rules and regulations as some are very restricted to the type of work that can be carried out which can be rather costly.
Prices for traditional real estate in Istanbul city centre will easily reach seven or even eight figures of any currency, especially when located in the or very close to the Bosphorus shores as an Istanbul city centre traditional property in these areas do have a prestigious status.
Some prices for traditional accommodation in Istanbul city centre may not show, as this is due privacy reason of the owner, who do not wish to publicly advertise their wealth, and you may be asked to prove your finances and provide an official letter of intent to buy before being allowed to view a property.
Contact Turkey Homes when looking to buy traditional property in Istanbul city centre, and we will assist you from the beginning of your search to find the ideal property for you, and will by your side throughout the property buying process.