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.
Property for sale in Istanbul
Looking to buy accommodation in Istanbul, Turkey? There are two main types of property investment in Istanbul: pure lifestyle or pure investment, with plenty of strong reasons to choose between one or the other. Most Istanbul real estate buyers, however, search for the ideal mix between the two, allured by both culture and the high capital returns that real estate in Istanbul offers.
Whatever your requirements, Turkey Homes can guide you to your ideal real estate in Istanbul, taking into consideration your criteria, budget and personal lifestyle requirements.
Recent Development Trends:
Istanbul is a large city and the type of property available can vary by each region, however, there has been a recent trend to develop innovative luxury complexes that cater for families and individuals alike. These branded projects often include on-site gyms, spas, shopping centres and restaurants. Swimming pools and artificial lakes are also prominent features.
This increase in development, has seen previously unknown regions such as Bahcesehir and Belikduzu transformed into modern urban centres in their own rights, with regeneration programmes , sponsored by the government, making them desirable areas to buy property in Istanbul, due to lower property prices in comparison to the more central areas like Sisli and Levent which are seeing high-rise towers transform the stunning Istanbul skyline with much higher real estate price tags, also offering much higher rental yields for anyone searching for central accommodation for sale in Istanbul.
Other types of Istanbul Property for Sale
Luxury Villas for Sale in Istanbul: This type of property commands a premium in central Istanbul, especially if they have a view of the Bosphorus. The closer to the city centre, the less frequent villas become and the higher the price, with a major difference in prices between villas on the Asian side and the European side of Istanbul.
Villas in rural areas like Zekeriyakoy and Tarabya, north of the city centre, offer a healthier lifestyle in some of Istanbul’s finest green areas, home to the wealthier Istanbul dwellers with easy road access to the city via the busy Maslak area, and within easy reach of the beautiful beaches on the Black Sea coastline a little further north.
Further out of town, there are plenty of more affordable options, however, even on the outskirts of Buyukcemece prices are high due to demand fuelled by foreign and local buyers who want easy connection to Istanbul by car, while enjoying the more natural and sparse landscapes.
Yali Istanbul Property for Sale: These iconic properties line the Bosphorus, touching the edge of the sea. They are part of the identity of Istanbul, because of their grandeur these properties are rarely offered onto the market and are now some of the most expensive in the world, often inhabited by politicians and foreign ambassadors who can afford the very high price tags.
Inner City Apartments: These older properties situated in some of Istanbul's historic centres such as Beyoglu or Cihangir, were previously very affordable, though today, with more and more people flocking to these cultural centres, prices continue to rise. These Istanbul property buyers tend to be Istanbul lovers who want to enjoy the thriving city to its fullest amongst the culture and wonderful Istanbul history.
Key Ready or Off-Plan Istanbul Property for Sale: In Istanbul, there is the option for both types of property. Are you looking to complete the buying process and begin to reap the rental yield rewards straight away? Or you have the option off-plan properties, whereby, you choose your ideal property from the plans at the early stages of construction, at lower prices with low deposits and attractive payment terms with 0% or very low-interest rates. Off-plan properties will also offer higher capital appreciation for property investors, with completed property often being approximately 50% higher, though you are restricted with waiting for the completion date of property.
Choosing Your Istanbul Property
Whatever you are searching for with Property in Istanbul, firstly you should take you budget into account before your decide on your preferred area for your ideal Istanbul property investment, with prices varying hugely in each area. Once this is established you can then begin to look at the types of property available, and how many bedrooms you require, the type of facilities on offer etc.
With constantly rising prices, you then need make the decision to visit Istanbul the sooner the better as often prices will rise with very little notice, and your budget can then be limited even further with options available for sale. Seeing the properties in person will give the best idea of the different areas and the local amenities available to you.
Once you trip is booked, Turkey Homes will allocate a professional property advisor to you, who will then assist you in taking you to view the properties of your choice, who will liaise with developers on your behalf and guide you through every step of the buying process and all of the legal elements involved, right up to the hand over of your Tapu (Title Deeds) and beyond.
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