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.
Apartment for sale in ISTANBUL
Looking to Buy Apartment in Istanbul?
Prices for apartment for sale in Istanbul, Turkey vary with each area, with apartments situated on the shores of the Bosphorus or just close to the shores and in the heart of the city centre’s on both side of the city being on the Istanbul real estate market with the highest price tags, as these are the most sought after locations, though higher prices can also be found in the wealthy district of Sariyer to the north of the historical centre on the European side of Istanbul.
Apartment in Istanbul, Turkey for sale at more affordable prices are found by heading to the west to the outer city suburbs of Esenyurt, Beylikduzu etc, newer developing areas that have seen huge changes in recent times, and the established area of Bahcesehir with well planned urban areas being bought into the modern world with newly built apartment complexes that often host an array of on-site facilities aimed at a healthy lifestyle, and more often than not local amenities are in abundance hosting health care and educational establishments large shopping malls and more all ideal for year round living in Istanbul.
Property investors that do their research when looking to buy apartment in Istanbul, Turkey, will take into consideration the areas accessibility as well as desirability, with most searching for areas with easy access to the airports, excellent city links, whether it by the arterial highways or the various public transport systems that reach many areas, and of course the rental potential and possible annual yields.
Current popular areas for investment purposes with apartment in Istanbul, Turkey for sale, are the established areas of Basaksehir and the newly developing area of Bahcelievler, both conveniently located for the European side’s airports, the new business centre of Istanbul, and both with properties located on or very close to with the E-5 or the TEM highways for easy access to all areas of Istanbul.
It may all seem very daunting, however if the various areas of the city and the varying prices for apartment for sale in Istanbul, Turkey seem confusing, give Turkey Home a call today and our friendly team of Istanbul property consultants will be able to answer any of your questions, and offer you comprehensive advice to guide you to your ideal Istanbul apartment.
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