Buying Investment Property: Istanbul

buying property istanbul

As a city, Istanbul is vibrant and bustling and is a magnet for people from all over the world. Unsurprisingly, then, the property market in this location is equally as buoyant. Read on and find out more about the advantages of buying Istanbul property. 

A number of factors combine to make an investment in Istanbul property a sound and realistic plan for people who may not even have considered doing something like this before. The tourism industry here is booming with millions of visitors a year, and, therefore, there is great potential to invest in apartments and villas to lease them out to visitors. Select the right location within the city for your purchase, and you’re almost guaranteed to receive a high return on your outlay. 

Other factors combine to increase the chances of that too, from the low price of property here to the competing demand from a rising population. More than that, the economy is also sound: many foreign investors look to this city because property laws are favorable and the rate of unemployment is low. 

Compared to other cities in Europe where property prices are high, there are many bargains to be had in Istanbul property as well. With the purchase of some apartments costing as little as $70,000, the market is open, and your return on investment will be good. More than that, because demand is continually high for both long and short term lets, you won’t be struggling for tenants or even buyers if you choose to sell in the future. With lenders offering deals as good as a home loan variable rate under 2%, this can be a financially viable solution for a lot of investors. 

An Introduction To Investing In Istanbul Property

There are many benefits that are associated with investing in property in this area, including high returns on investment, a booming tourist industry, and much more. Continue reading to discover more about the ins and outs of investing in Istanbul property.

There is no denying that investing in Istanbul property is a wise decision, but this does not mean that you should rush into the process or that you can afford to take shortcuts when conducting research. There are plenty of properties in the area, and lots that need to be considered. You should research the various areas, the different rental prices, and it is always a good idea to take a look at forums and other websites where you can find tips and advice that have been left by those who have already purchased a property in Istanbul. 

Istanbul may not be Turkey’s capital, but it is the leading city when it comes to the property market in the country. It is also one of the fastest-growing cities in Europe. Despite this, properties are still relatively cheap when compared with those in other cities in Western Europe. However, do be warned that not all properties are cheap, you can find million-pound properties in the more desirable and exclusive areas of Istanbul. This highlights why you need to conduct your search with care. 

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