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 Turkey
Istanbul's city centre spans a vast area though many people believe that the Taksim and Sultanahmet areas are the city centre, which are where many of the Istanbul’s attractions are located, with the Blue Mosque, Grand Bazaar, Topkapi Palace and much more, all drawing crowds every day.
The centre stretches much further than these areas, to the north as far as the busy commerce and trade area of Maslak and even across the Bosphorus to the Kadikoy area which is the hub of the Asian side of the city, and across the Fatih area towards Zeytinburnu.
Nightlife in the centre of Istanbul is extremely lively, with many bars and nightclubs spread across the area, offering entertaining evenings, especially in Taksim Square where all the Turkish celebrities gather. City centre restaurants also offer a great nigh time scene, ranging from traditional Kebab houses, burger joints, right through to fine dining restaurants.
Istanbul City Centre Property for Sale
Real estate in Istanbul city centre comes with a premium price tag as you would expect from any large city in the world, as many of the cities workforce prefer living close to the centre to avoid the long commutes every day from other areas of Istanbul, and the city centre also attracts thousands of tourists looking for accommodation in Istanbul city centre, Turkey every day, as they like to be close to all the city’s historical attractions.
Property in Istanbul city centre is focused mainly on apartments in areas such as Sisli, Nisantasi, and Levent etc, and can be found in older buildings that have undergone complete renovation or in new modern complexes with excellent hotel like facilities often in tall futuristic towers with excellent modern architecture.
Villa accommodation for sale in Istanbul city centre is found on or close the shores along the Bosphorus commanding some of the highest prices in the city next to those of the Yali style mansions.
Investing in Istanbul
If you are looking to buy property in Istanbul city centre, Turkey for pure investment you cannot go wrong as rental yields are high in every one of the central areas, attracting the professional high paid workforce, affluent families and tourists who are willing to pay the extra rental costs to be close to the office rather than making long commutes through the congested Istanbul traffic, or to be within a stone’s throw from the historical sights.
With an ever increasing demand for homes in Istanbul’s city centre, property prices are expected to continue to rise to meet the demand, giving investors and home buyers appreciation on their initial investment figure for the years to come.