What are the available Properties to buy in Istanbul?
Buying investment property in Istanbul has always seemed very attractive to foreigners and native citizens of Turkey.
With various investment properties abound in the eastern European country, many investors are usually clueless about what type of properties to invest in. This is because they do not seem to understand what investment properties bring in the most returns.
If you are thinking of buying investment property in Istanbul, you have to know what properties are available for you.
The real estate market in Turkey
Turkey is a very important country when it comes to buying properties. The real estate importance of the country is due to its modern development, natural beauty, and influence of both western and eastern architecture.
Turkey is a country that allows you to experience the best of both worlds: an Islamic country with a tolerance for Western development.
Istanbul, the most popular city in Turkey, is the biggest beneficiary of western influence on the country.
With so many foreigners in Istanbul, the property market of the city has continued to grow tremendously. It is the heart of a multi-cultural society and has a strong transportation network. One of the enablers of the real estate market in Istanbul is the rich connection of its transportation systems.
The city is home to several airports, metro stations, bus stations, water transportation, and so on. Istanbul is a city that is sufficiently connected by direct road networks. People get to move about very easily. This is why there is a rush for properties in Istanbul.
People buy properties in Istanbul based on their needs, requirements, and purpose. The different types of properties in the city are:
These are properties that are located in front of large water bodies like seas, beaches, rivers, and so on.
They are good for vacation homes and come with their own water body for fishing, swimming, surfing, and so on. Seafront properties are in high demand in Istanbul.
Apartments – Buying Investment Property in Istanbul
Apartments are usually living spaces built-in blocks of multistorey buildings in large complexes. In Istanbul, there are numerous apartments from luxurious apartments to studio spaces and condominiums. These are useful for regular homes and can be bought for investment purposes.
Villas – Buying Investment Property in Istanbul
Villas are fully detached houses that can be from a single-story building to three storeys. The Villas can be bought for residential or investment purposes. They usually have their own dedicated compounds and are usually used as a vacationing homes.
Retail spaces are specialised spaces that have been built for commercial activities. They can be used as offices, shops, supermarkets, restaurants, cafes, business centres, and so on.
Many retail spaces in Istanbul are provided in large areas. This means that they can be further divided by light wall partitioning to create smaller, dedicated spaces for employees.
Mixed-use properties are suitable for both residential and investment purposes. They usually involve a property that have both residential and commercial spaces. In some other cases, mixed-use properties could have hotels, apartments, and office spaces. They are suitable for investments as well as they usually attract high rental prices.
Lands are a part of the properties that are sold in Istanbul. There are many strategic lands with certain exclusive features that attract high prices in Istanbul.
A land can be used as a facility for farming, an amusement park, a shopping mall, a sports centre, a school, and so on.
With the development of fast construction methods like modular buildings and kitchens, any structure could be erected on the land in a matter of days.
Schools may not be a prominent feature in the property market but there sure are schools that are for sale in the city.