Buy a property in Istanbul, the country's economic hub; this has long since been popular for local and foreign investors. There are many reasons to invest in Istanbul, whether it’s a lifestyle choice or pure investment; however, the latest reason is perhaps the new Turkish Citizenship via Investment Scheme with a minimum investment of $400,000. See below for further details on this subject.
Click here here for further details of the Turkish Citizenship via Investment Scheme.
As this magnificent city grows, new investment districts are also opening up. Prime Istanbul property options are still favorable in the famous Bosphorus districts of Bebek, Sariyer, Rumelihisari, and Istinye on the European side of the city or the famous Uskudar, Beykoz shores of the Asian side.
Property prices in the past few years have immensely increased in European Istanbul City Centre locations such as Sisli, Levent, Maslak, and Kadikoy, Uskudar on the Asian side. We have also seen the expansion of new areas for urban regeneration. Kagithane of Istanbul City Centre, which neighbors Sisli, is becoming extremely popular, set to become the new Sisli in future years. Eyup, the famous Golden Horn district, again close to the city, is also seeing more new Istanbul apartments built in good-quality residential estates.
Looking at the newly emerging European districts of Bahcesehir, Beylikduzu and Esenyurt are all excellent for property investment in Istanbul as these suburbs surround Kucukcekmece Lake, which is where the new canal will begin its route north to the Black Sea, many properties in these districts offering views of the lake which can also blend with a picture of the sea. At the same time, the Buyukcekmece area has seen some stunning sea view Istanbul properties. A water view is a top request from many Istanbul property investors to maximize the rental yields. In contrast, these areas, on the whole, are still more affordable than the Istanbul city center area.
Those buying property in Istanbul will find key-ready and off-plan/under-construction choices. Critical ready property usually demands a full cash payment upon purchase. In contrast, off-plan Istanbul property has the considerable advantage of interest-free payment plans that the individual developers set, with an initial down payment of as little as 40% and a monthly 0% payment for 2-3 years. However, this will depend on each project's construction stage and completion date.
The Asian side of Istanbul has seen increasing popularity in recent times in the districts of Maltepe, Pendik, and Kartal, coastal communities to the east of the city centre, where, again, Istanbul properties for sale can offer fantastic sea views and still at more affordable prices for both key ready and off-plan apartments for sale in the Asian side of Istanbul, thus, a great selection of options on both sides of the city that are suitable for first-time buyers and Istanbul property investors.
Istanbul also has a choice of villas for sale in the popular areas of Zekeriyakoy, Buyukcekmece, and Beylikduzu on the European side, along with Beykoz and Uskudar on the Asian side of the city.
Then the most prestigious of all is Istanbul Yali style properties which are the crème-de-la crème of this magnificent city with waterfront Ottoman architecture and Bosphorus views for the dream Istanbul property.
Whatever your choice of Istanbul property, here at Turkey Homes, we aim to find your home in Istanbul and provide objective and frank advice on your investment in Turkey. Our Istanbul office offers qualified Istanbul property consultants that will help you to complete your Istanbul property purchases that match all your requirements and complete legal assistance and property registration services.
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