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 penthouse for sale in Istanbul City Centre
Property in the city centre of Istanbul can date back many years, and you often find a traditional penthouse in Istanbul City Centre for sale, however, these are often located in the wealthy areas that sit on or very close to the shores of the Bosphorus Strait, areas such as Besiktas and Bebek etc.
This makes the prices for traditional penthouse in Istanbul City Centre very high indeed as most will boast a full panoramic view of the sea across to the Asian Side of the city, therefore, you will see that a traditional penthouse in Istanbul City Centre for sale may have a seven-figure price tag of any currency, though very often the interior of these home are very luxurious having undergone some extensive renovation work to offer a more modern way of living.
When looking to buy traditional penthouse in Istanbul City Centre you may also find a POA (price on application) price tag, as many wealthy homeowners prefer not to publicise their wealth, in which case you will need to provide a letter of intent to buy traditional penthouse in Istanbul City Centre and prove that you have sufficient finance for the purchase.
Contact Turkey Homes when in search of prices for traditional penthouse 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.