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.
Yali property for sale in ISTANBUL
Genuine Yali property in Istanbul is not something you will find in the real estate market very often, for two main reasons, the first being that they are snapped up very quickly being highly sought after, and the second is that they are rarely publicly marketed for privacy reason of the owners who prefer not to advertise their wealth.
Istanbul Yali property is found along the shores of the Bosphorus, almost stately mansions that are highly guarded for privacy and security reasons, as these homes area owned by extremely wealthy Turkish people or by the likes of foreign ambassadors.
Yali accommodation in Istanbul dates back many years to the Ottoman era, and homes have many rooms, entertaining areas for guests, formal lounges and staff quarters as many owners employ live-in housemaids, chauffeurs, and gardeners etc, and on the rare occasion they are offered to the real estate market they sell at multimillion prices of any currency.
Yali accommodation for sale in Istanbul has seen developers mimicking Yali properties in some areas of the city, set in large city like complexes with waterfront locations, and these are perfect for buyers who can’t stretch to the high prices of genuine Yali homes.
Give Turkey Homes a call of you are looking to buy Yali property in Istanbul, whether it be the real thing or a modern version, our Istanbul team will source the ideal property for you.
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Istanbul Asian , Istanbul 13 4
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