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.
Off-plan property for sale in ISTANBUL
Buying off-plan property in Istanbul offers several advantages, when choosing to buy off-plan property in Istanbul you get a brand new home at low prices compared to key ready property, with developers offering low prices at the early stages of the construction process, which steadily rise with each stage to a final selling price in the region of 50% higher than the initial launch prices, thus not only giving a you a low cost home, but also excellent capital appreciation in a very short time.
Another advantage with Istanbul off-plan property is that buying in the early stages of the construction, you get the pick of the bunch, so to speak, with the best positioning and views available
Off-plan accommodation for sale in Istanbul is readily available with the city seeing many changes over recent years, especially in the developing areas to the west of the city centre which is set to be the new centre of Istanbul for the future, and where prices are expected to rise steadily for the foreseeable future.
Off-plan accommodation in Istanbul can come in the form of residential complexes, with both villas and apartments, or you may prefer a private villa in a more remote area such as the prestigious Sariyer district north of the city centre, but wherever you choose you are guaranteed a lower cost home compared to a turnkey property.
Istanbul off-plan property is often purchased by overseas investors, some buying several properties as an initial investment to earn excellent year round rental yields, and some selling on once the properties are completed, making a very healthy profit after buying at the early construction stages.
One final advantage with off-plan property is that developers offer excellent payment options for buyers, with low deposits and low monthly payments over an agreed amount of months, which is ideal for those who can’t stretch to a full cash payment and all offered at 0% APR.
Contact Turkey Homes and our team of advisors will guide you your ideal off-plan real estate in Istanbul, guiding you through the full buying process and liaising with the developers to come to an agreement when taking up the option of payment terms, and negotiating healthy discounts for cash buyers.
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