Istanbul real estate is being hailed as one of the top property investment markets in the world since 2009. Recent boosts to Turkey's credit rating, coupled with very positive economic outlook have since moved property in Istanbul right to the top of the global investor list.
When you visit Istanbul, you will be intoxicated by the city’s heady East meets West atmosphere. This is a city where traditional wooden Istanbul properties stand alongside expensive new developments, where mosques and ancient catacombs lend an air of mystery to a modern city. Landmarks such as Topkapi Palace, Blue Mosque and Sultanahmet Grand Bazaar are among the city's most visited spots.
The city is home to 15 million people, fast expanding, and an almost bewildering array of museums, theatres, churches, mosques, Michelin-starred restaurants, hip bars, vast markets and hidden treasures. The Bosporus Strait, the body of water that divides European and Asian Continents, where East meets West, is a focal point of the city, with bustling water markets, fish shops and boat tour companies lining its shores.
With its intriguing landscape and fascinating history, it’s little wonder that popularity of real estate in Istanbul among investors has soared in the past decade. The city is now one of the most sought-after property investment locations in the world, and everyone with money to spend wants a piece of the Istanbul real estate market.
You will find that like any large city, the closer you get to the centre the more expensive the properties in Istanbul become. Big names like Rixos and Trump Towers command high prices for their inner-city, hotel-style developments. However, canny investors have realised that these prices will reach the stratosphere as Istanbul’s property-hungry population grows and Turkey’s economy goes from strength to strength.
As you browse the net, you will come across many high rise Istanbul real estate for sale heavily marketed to foreign investors in the suburban low entry level projects. A word of caution - you will need to be very selective in investing in these newly developing parts of Istanbul, these investments are not all what they are made out to be. The real wins are in prime location inner-city districts, including renovations, prestigious Istanbul Bosporus properties with sea views and Istanbul hotels for sale.
Place Overseas tips a few select areas on the outskirts of Istanbul for investment. These are the areas that have developed in a tidy and orderly manner. Leading the trend is property for sale in Istanbul Bahcesehir. Bahcesehir is some 20 minutes from Istanbul Ataturk airport. It attracts professional home buyers and profile of the area is on the increase. We expect property prices in Istanbul Bahcesehir to appreciate sharply in 2013 - 2018 period. Districts on the outskirts of Istanbul, which do not have quite the right profile for investment are Esenyurt and Beylikduzu. We recommend our investors to be extra cautious when investing in these areas of Istanbul.
Districts such as Beyoglu, Taksim, Sisli, Cihangir and Ortakoy on the European Side of Istanbul are prime for real estate investment right now. As always, however, investors should be very selective. Talk to us for expert advice before you invest in Istanbul property. show less ... read more