Istanbul is located on the Marmara and Bosphorus Seas in southeast Turkey. It is the only city in the world that straddles two continents, Europe and Africa. It is a truly magnificent city boasting a fascinating history, a beautiful landscape, exciting nightlife, and cosmopolitan atmosphere. If you are looking to invest in istanbul real estate in Turkey, then you have landed on the right page. We will explore the various aspects of the Turkish real estate market and highlight some incredible opportunities that you might want to take into consideration. Why Istanbul? Istanbul is a fascinating city. Not only is it important historically as the site of significant events that changed the course of human history, but it is also home to some of the world's greatest museums and monuments. If you are looking for a relaxing retreat or intend on using the city as a base to explore the rest of Turkey, then you have undoubtedly chosen the right destination. There is an incredible amount of history in the city, which you can learn more about via one of the many museums. While history always pays homage to those who invested wisely in the past, the city's real estate market offers a great opportunity to make some quick cash right now! What Is The Current Real Estate Landscape In Istanbul? If you have been following the news in Turkey over the past year, then you know that the real estate market has been through a significant shift. The Turkish Lira has lost more than half of its value against the US Dollar, making real estate investment a less attractive proposition. In fact, this trend has continued into 2019 as Turkey's current account deficit widened to a whopping 4.8 percent of its GDP. The property market has taken a hit and demand is down. While there are still some fantastic buys to be found, you must be quick off the mark to secure fantastic properties. One of the best places to invest is Istanbul as it has a multi-cultural population and the market is still incredibly strong. The city's properties appeal to all demographics and all types of investors. This is because people are just beginning to realise that, while Istanbul is a glamorous city on the surface, it is in fact, one of the most underrated real estate markets in the world. We will explore the various types of properties available for purchase in this stunning city in greater detail below. Modern Living On The Beach If you have a hunch that the economic climate in Istanbul is about to change for the better, then you might want to consider purchasing beachfront property in the city. Istanbul is home to a significant number of well-known brands, including HAYA, Emel, and Arzu, which all trade in luxury goods and offer incredible beach-living property with the finest amenities. You will certainly note that luxury brands from all over the world have moved into the city and established beach clubs, which attract Turkish and international visitors alike. The number of people moving to Istanbul for work has doubled in the last five years. This trend will continue as the Turkish economy continues to be one of the most attractive in the world. There is also a high demand for luxury property in Turkey due to uncertainty surrounding the country's economy. Interested in buying property for yourself in this fantastic location? Investment Or Holiday Letting? If you are looking for a short or long-term holiday let in Istanbul, then you have a wide variety of properties to choose from. The city has something for everyone with regard to what type of accommodation and what price range you are looking to spend. If you are looking for an investment property purchase, then you should consider the most luxurious beach clubs, which generally have an occupancy time of just 12 months. These high-end establishments draw a mostly international clientele and provide you with the perfect place to make some extra cash flow. If you are looking for a more traditional type of holiday rental, then you can take a look at the city's many five-star hotels. These properties, too, can be let out for the perfect holiday getaway for yourself or a family. If you want something more stable and reliable, then you can consider buying a villa with a pool in one of Turkey's beautiful green spaces such as the Marmara Region or the rural areas outside of Istanbul. Whatever your reasons for visiting the city, you are sure to find something to suit your needs. Properties For Sale If you are looking for properties for sale in Istanbul, then you should visit one of the many real estate agencies that the city is famous for. The property market in Turkey, as mentioned above, has shifted significantly to the negative in 2019 as demand has plummeted. This trend will continue into the future, so be mindful of this before making any kind of investment. Marmara Region Property If you have a hunch that the Turkish economy is going to bounce back, then you might want to consider purchasing property in the north-eastern part of the country near the Black Sea. This area, colloquially known as the Marmara Region, is one of Turkey's most desirable areas. The properties for sale in this region offer fantastic investment opportunities and pleasant holiday lets for those who want to visit the area. The coastline is lined with beautiful sandy beaches and turquoise waters. If you are looking for a romantic getaway or simply want to escape the crowds, then this is the perfect location for you. You can buy a villa with pool in one of Turkey's most exclusive areas for sale. Just remember that the real estate market in this region is generally a bit slower than in other parts of Turkey, so be sure to make adequate preparation before arriving. Rural Property If you want to invest in a property that you can use for both business and holiday purposes, then consider purchasing a villa or farm in one of Turkey's most beautiful rural areas. Villas here can be as luxurious as you want them to be. For instance, the Kayseri region is known for its apple orchards and vineyards, both of which provide the perfect locations for you to let your own villa or farm. These rural areas are generally quiet and calm so you will have no problem finding peace and relaxation there. If you want your own private pool, then you can even purchase a beach club with pool in one of Turkey's lovely coastal towns, such as Alanya, Turgut, or Bodrum. What About The Legal And Financial Aspects? Istanbul is a city that many people love to hate – perhaps unfairly, considering the incredible opportunities that it provides. What many people don't realise is that Istanbul is actually a very safe and secure place to do business. The city has a very high GDP (62.7 billion USD) and a very low crime rate. The city also has one of the best anti-corruption bureaus in the world. The opportunity to invest here is indeed extremely attractive. If you want to do business in a country with fewer restrictions, then Turkey is the perfect place for you. As mentioned above, Turkey's property market has taken a significant downturn in the last year, but you could potentially make a quick profit if you buy property now. For those seeking to invest in Turkey's property market, then it is imperative that you ensure that you fully understand all of the legal and financial aspects. This city can be a bit tricky to navigate financially. The Turkish Lira is still relatively weak, but it is gaining strength against the US Dollar. For those seeking to enter the Turkish market, then you need to ensure that you do so carefully and with full understanding of the implications. All in all, despite the current negativity, Istanbul still offers a wealth of opportunities for those seeking to invest and live there permanently. With a little bit of research, preparation, and luck, you could potentially make a nice profit from all of this.
istanbul real estate
