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 hotel for sale in Istanbul City Centre
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 investment hotel in Istanbul City Centre for sale the best place to search is the popular tourists areas to give your guests easy access to all the city’s attractions, however, the prices for investment hotel in Istanbul City Centre will need a very high budget, well into seven or often eight figures of any currency.
Even with these high price tags a investment hotel in Istanbul City Centre for sale may be in need of completed renovation, therefore, when looking to buy investment hotel in Istanbul City Centre you should carefully consider the extra costs involved and also check with the local municipality for the type of work that can be carried out before you commit to buy investment hotel in Istanbul City Centre as some building are graded to protect the heritage of the area.
Contact Turkey Homes when in search of prices for investment hotel in Istanbul City Centre and with your budget and requirements in mind; we will guide to your ideal Istanbul City Centre real estate and assist you throughout the Turkey property buying process.