Property investment in Istanbul Turkey – A brief guide
Looking for Property investment in Istanbul Turkey? Istanbul in Turkey is just like every other city in the country that has historical significance. The ancient city has risen from medieval times to become a strong real estate corridor in all of Europe.
Istanbul, as it is, is the delicate ligament that links Europe and Asia together through the strait of the Bosporus. Because of this geographical advantage, the city enjoys patronage from European and Asian countries.
It is the only city in the world that shares two different continents: Asian Istanbul and European Istanbul, Turkey. Istanbul is home to some 16 million people. Ekrem Imamoglu, The mayor of Istanbul, is a building contractor and a center-left politician.
Real Estate in Istanbul
Istanbul is one of the most famous cities in Europe. Its local economy contributes greatly to the Turkish economy. This boom influenced the development of its real estate market. The city is currently one of the hottest real estate hotspots in Europe. The hottest locations to buy properties in Istanbul are:
Bebek,
Mecidiyekoy,
Levent,
Macka,
Sisli,
Beyoglu, and
Districts around the Bosporus
Property investment in Istanbul Turkey
Almost most of the regions close to the city center are ideal real estate locations. Many investors expand their portfolios every day by buying more properties in the city. Istanbul is the best and most expensive city in Turkey to invest in property.
The other cities are Ankara and Izmir. The value of properties in the Istanbul property market has increased by over 240%. This is why the city is one of the best prime real estate locations for high-quality properties.
Outskirts of Istanbul – Affordable locations for investments
When shopping for properties to buy in Istanbul, you can easily get villas, apartments, luxury residences, and commercial spaces. In the city, many properties are suitable for both foreigners and Turkish citizens. Many of these properties are generally affordable.
The properties are usually sold off plan and can be found around the outskirts of Istanbul in Esenyurt, Kucukcekmece, Buyukcekmece, Beylikduzu, and Bahcesehir. Property in the outskirts of the city is now valuable due to the presence of the metro buses and metro stations. In recent times, the subway system has been expanded, increasing the accessibility of these areas to the city center.
Real estate investment in Istanbul, Turkey: Types of properties to buy
Waterfront properties
Waterfront properties are very common around the water bodies surrounding Istanbul. This is because of the benefits of the views and atmosphere. Waterfront properties offer stunning sea views. These types of properties come at a premium.
Many mansions are up for sale in Istanbul. From detached houses to houses with multiple floors. They are suitable for lifestyle buyers.
Villas Property investment in Istanbul Turkey
Istanbul is home to several BBQ-ready private villas with many modern amenities and fenced-in compounds with gates.
Apartments
Apartments are the most common types of properties to buy in the city of Istanbul. Most apartments are built as part of multistory buildings. Many apartments are family-friendly units with family meeting spaces and children’s playgrounds.
Schools: Some large residential developments also come with schools with them. There are few schools for sale in the city.
Commercial spaces
Istanbul is never in short supply of commercial spaces. Numerous shopping centers and towers are being built in the city. These developments usually have retail spaces, event centers, office spaces, business complexes, and so on.
Hotels Property investment in Istanbul Turkey
There are many hotels of various levels and ratings that are for sale in the city. Many apartments can be upgraded to hotels in the city.
Lands: The city also offers various plots of land for sale.
