By Justin Mays:
Istanbul is Turkey’s most famous city, and its distinct position in Eurasia helps it stand out as one of the most lucrative markets in the world. The metropolitan shines the brightest in terms of real estate as well. This city boasts every kind of attraction that impresses foreign buyers to make real estate investments, such as historic landmarks, extensive business opportunities, superb transport facilities, and so much more.
Prime Property Turkey presents a guide on making an overseas real estate investment in Istanbul to help you get your dream property.
Why Invest in Istanbul?
Making an overseas investment has perks, but real estate in Istanbul is one of the most profitable. Since Istanbul is a melting pot of cultures, foreign buyers have no problem exploring the local market and investing in properties. Every district in Istanbul boasts excellent transport facilities, hospitals, and educational institutions.
You can find people from almost every nationality in this city, making living and socialising for expats a trouble-free process. From having the best shopping places, ample historical attractions, and advanced infrastructure, life in Istanbul is exciting and hassle-free.
Further Reading: 5 Reasons to Buy Property in Istanbul, Turkey
Types of Real Estate Investment in Istanbul
Foreign investors seek investment opportunities in Istanbul for a few reasons. The first is when foreigners look for residential properties to live in. Istanbul has all the amenities to lead a comfortable life, so many expats buy property here to move their families to Turkey for a better and safer life. Ultimately, Istanbul has an impressive residential real estate profile, including detached houses, villas, seaside mansions, apartments, penthouses, and more.
Another type of overseas real estate investment foreigners make is to earn profits. Many choose to resell their property eventually. With the constant rise in property prices, if the investors hold off on selling the property for some time, they can earn amazing profits.
Additionally, foreign investors also purchase properties, sometimes multi-storey ones, and rent them out to have stable monthly rental income.
Overseas real estate investment to acquire citizenship or residency is a great way to have the right to live in that country. The Turkish Citizenship by Investment Program opens up doors for foreigners to become a citizen of Turkey in exchange for a property investment worth at least $400.000.
You can flip through our Istanbul properties for sale and explore our luxury options.
Best Areas to Purchase Istanbul Real Estate
Istanbul has 39 districts, and as you begin your journey to find the ideal property to buy, we can help you narrow down your search to the best areas to invest in Istanbul.
Kadikoy, on the Asian side of Istanbul, isn’t just frequented by tourists but also has premium property options. New and modern properties are being built among the buildings from the Ottoman era and sold for excellent prices. With immense options for eating out, nightlife, and shopping, Kadikoy is perfect for all kinds of property buyers. Furthermore, Kadikoy has top-of-the-line health and social facilities, such as the Acibadem Private Hospital, Marmara University, Istanbul Medeniyet University, etc.
Uskudar is a highly valuable district in Istanbul in terms of real estate investments. It is one of the most historic areas on the Asian side of Istanbul and a tourist favourite since it hosts the famous Maiden Tower, the Camlica Hill and magnificent historical mosques.
Uskudar is equipped with various modes of sea and land transport and is a highly-maintained district. Properties in this district have amazing views of the Bosphorus and are preferred by many for their proximity to famous attractions.
Considered one of the most developed districts on the European side, Basaksehir is increasing in popularity because of its state-of-the-art infrastructure, clean environment and impressive urban planning. This district is full of new housing and commercial projects built to meet the highest quality standards. Another reason why Basaksehir has become one of the top choices for foreign investors is because of its proximity to the Istanbul Aiport and the state-of-the-art Cam and Sakura City Hospital.
Like Basaksehir, Beylikduzu is also in the suburbs of Istanbul, characterized by its high-quality buildings, green spaces, and top-notch public transport facilities. The massive urban development in this district has motivated many expats to buy apartments and villas here.
This highly organized district is also filled with entertainment options, such as the Marmara Park Mall, many educational institutions, and private hospitals.
Other districts in Istanbul that are also a great choice for investment are Etiler, Bebek and Nisantasi. Although these districts boast high-end properties targeting the affluent, they possess stunning architecture, elite shopping locations, and the most premium facilities.
To Wrap It Up
This brings us to the end of our guide on overseas real estate investment in Istanbul. If you found this blog post helpful, don’t forget to stay connected with us via our YouTube channel and Facebook to be notified about our content.
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