Istanbul property investment is on the TOP in compliance with the world rating of the property investments. It’s possible to find many options in the luxury and economy class. Let’s check the main reasons to buy property in the city.
Main Motives To Buy The Istanbul Property
Istanbul attracts foreign investors for several reasons:
- Economic growth. The economy of Istanbul in particular is showing stable growth, which makes real estate investments profitable.
- It’s a tourist city. Many of them don’t like living in hotels and they prefer renting houses. So, you could easily get some additional income due to the rent.
- Developed infrastructure. There is everything you need for a comfort life.
- Rather low prices in compliance with European real estate prices.
- High investment income. According to the data, it is about 45% per year.
- Easy to get a residence permit and Turkish passport due to buying Turkish property.
So, the reasons can explain the demand for Istanbul property. The market is always developing, that’s why you could find what you need. Moreover, some developers are ready to offer interest-free installments. If you buy an already built object, you can take out a mortgage in a Turkish bank.
Best Districts To Buy Real Estate In Istanbul
Below you will find several districts that are really popular among foreign investors.
- Beylikduzu offers many luxury properties. The district is located in the European part of the city.
- Yenikapi is a popular district that is developing fast. There are many schools (even international), shops, banks, parks, and so on.
- Shishli is one of the most prestigious areas of Istanbul. Shishli offers investors high-quality real estate overlooking the Bosphorus and the Sea of Marmara. There are many restaurants, shops, schools, and banks.
- Besiktas is known for its historical attractions and excellent infrastructure. Here you can find both luxury real estate and more affordable options.
- Kadikoy is in the Asian part of the city. There are both: the economy and premium class property.
Sure, you can find objects in other districts too. It’s profitable to invest right now because there are no reasons to change the trend of the price increase.
Note. All Istanbul property has the prerequisite for price increase. When the new channel is built in the city, it will accelerate Istanbul’s development.
Both built-in and under-construction property is available for purchase. If you want to buy real estate under construction, you should find a reliable developer. Stay Property developer can provide you with stable and high-quality objects. The developer has a long history of experience in the industry. In addition, a number of development projects are now under construction. Just contact the specialist of the company to find the object in compliance with your demands and financial features.
For more informative articles keep visiting Emu Article.
