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 hotel for sale in Istanbul
The historical city of Istanbul is the former capital city of Turkey, previously known many years ago as Constantinople, a city that still offers some stunning ancient architecture that dates back thousands of years, many attracting visitors from around the world who often choose to stay in hotels despite there being so much private accommodation in the city.
If you are in search of a traditional hotel in Istanbul for sale the best place to search is the historical city centre, very popular with tourists who like easy access to all the city’s attractions, however, the prices for traditional hotel in Istanbul will need a very high budget, very often well into seven figures of any currency.
Even with these high price tags a traditional hotel in Istanbul for sale may be in need of completed renovation, therefore, when looking to buy traditional hotel in Istanbul you should think carefully on the extra costs involved and also check with the local authorities for the type of work that can be carried out before you commit to buy traditional hotel in Istanbul as some building are graded to protect the heritage of the area.
Contact Turkey Homes when in search of prices for traditional hotel in Istanbul and with your budget and requirements in mind; we will guide to your ideal Istanbul real estate and assist you throughout the Turkey property buying process.