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.
Property for sale in ISTANBUL European side.
Istanbul is a city of two halves with the European side of Istanbul stretching across a huge area right from the Black Sea Borders, around the Bosphorus and the northern Marmara Sea shorelines.
Many areas have in recent years undergone some major regeneration program's bringing them from slum areas to hugely sought after trendy residential areas, with large complexes hosting some excellent facilities, many aimed at a healthy and luxury lifestyle, with fitness centres, spa centres, sports fields, sauna’s, and Turkish baths, and some with their own shopping malls having everything you could ever need right on the doorstep.
Suburban Areas
Istanbul European property for sale in areas such as Beylikduzu, Esenyurt and Basaksehir have become extremely popular for families and some of the city's younger workforce, as property and rental prices in these area are lower than those of the city centre along with the general cost of living. The areas also have some excellent educational and teaching medical facilities making these areas also ideal for students.
Wealthy Districts
Wealthy district of European Istanbul are suited to culture vultures and professionals with high budgets for real estate in Istanbul, these areas can be located in the centre of the city such as Sisli, Nisantasi etc, and along the shorelines in Yenikoy, Emirgan, Istinye etc, or completely off the beaten track in stunning countryside settings such as Zekeriyakoy and Kemerburgaz.
Seaside Locations
Properties in seaside location such as Buyukcekemece to the west of the centre, and Kumkoy on the Black Sea shores tend to be purchased as second homes for city dwellers who like to escape at the weekends from the hustle and bustle if the city, to relax on the beaches and forget about work with an easy commute back to the city for that Monday morning feeling.
Real estate in Istanbul European
Budget will always be a big factor when looking to buy property in Istanbul European, Turkey and as in any big city, prices will always be higher in the centre, or by the sea or even property with sea views. Property in the suburbs will command lower prices, however, with Istanbul most of these suburban areas have excellent city centre connections making them all ideal for year round living.
Property in Istanbul European can be found in older style buildings which have often been newly renovated, in these luxury modern complexes, or if your budget allows you can also find luxury villas in some areas often quite secluded with huge gardens and pool, and if you have a really high budget Yali accommodation in Istanbul European, Turkey can also be found but these very rarely are seen in the market, and when they are they don’t stick around for too long.
Accommodation for sale in Istanbul European is a brilliant investment choice no matter what are you choose to purchase, as homes are always in demand in this vast vibrant city, whether for short holiday rentals or for year round long term rentals and with Istanbul’s property boom prices are only set to rise for the foreseeable future.
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