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 property for sale in ISTANBUL
Istanbul is a European hotspot for property investors and has seen rapid growth in the market for the past few years, with many overseas buyers snapping up investment property in Istanbul in several areas of the city.
Istanbul investment property can suit many budgets, humble apartments at affordable prices for first-time investors seeking to test the market, these can be found in the outer city suburbs which have been undergoing urban regeneration programs, such as Esenyurt, Beylikduzu and Kucukcekmece. Right through to high-end investment villas, hotels and commercial buildings where prices can reach seven or sometimes even eight figures of any currency, with the highest prices found in the city centre or along the shores of the Bosphorus Sea.
Investment accommodation in Istanbul is very often purchased from off-plan projects where launch prices can be in the region of 50% lower than key ready property giving great excellent capital appreciation in a very short time, with some overseas some short-term investors buying several properties for a fast return on their initial investments.
Off-plan developments are also ideal for anyone looking to buy investment property in Istanbul, where budgets are lower, as most developers offer these low launch prices with interest-free payment terms attached, with low deposits and also offer discounts on these low prices for cash buyers.
Investment accommodation for sale in Istanbul gives long term investors an excellent year round rental income too, not only from short term rentals from tourists and business visitors but also for long term rentals from the growing population of Istanbul, families, students, professionals all searching for quality homes in various areas of the city.
Let Turkey Homes take away the stress when searching for investment property in Istanbul, our Istanbul property advisors will offer guidance right from the start of your search to find your ideal investment property, right through to assistance through every step of the Istanbul property buying process and beyond.
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