When it comes to global investment potential, there’s only one name that comes to mind. For many investors, buying property in Istanbul is first on the agenda, because there are many good reasons to buy a property in Istanbul as you know.
With world-famous architectural monuments and building projects creating new investment opportunities, it’s not hard to see why you should invest in Real Estate in Istanbul. Istanbul is one of the developed metropolises with reasonable prices.
If you want to be acquainted with the 15 best reasons to buy property in Istanbul and invest your money, read on to the end.
Why should you buy property in Istanbul?
Istanbul has always been a city in the center of trade and culture between Asia and Europe, from where you can access most parts of the world. Today, Istanbul has become one of the most popular tourist and investment destinations in the world due to its beautiful scenery, modern infrastructure, exotic culture and unique historical sites.
Today, Istanbul is Turkey’s most important economic center, providing about 25 percent of Turkey’s national income. Therefore, investing in Turkey and buying a property for sale in Istanbul is one of the best decisions that will give you great rental opportunities and unparalleled income prospects.
Most products and services in Istanbul are much cheaper than in Europe and the United States, and the cost of living is much more affordable. You cannot find houses in any of the large and reasonably developed cities of the world with these reasonable and affordable prices. This is one of the best reasons to invest in property in Istanbul. That is the reason, which makes this city very significant and ideal for foreign buyers. So, why should you buy property in Istanbul?
15 reasons to invest on a property in Istanbul
There are many reasons to buy property in Istanbul that attract foreigners from all over the world. The real estate market has witnessed many changes in legal regulations since 2003, in order to establish great facilities for investment in Istanbul.
Perhaps the most luring reason to buy a house in Istanbul is obtaining citizenship by investment scheme, which allows international investors to obtain a Turkish passport. Last year, it hit a record high with 8,182 properties sold to foreigners of various nationalities.
In the following, you will find the answer to your question: “Is buying a property in Istanbul a good investment?” The following are the 15 reasons to buy property and invest money in Istanbul.
Possibility of capital growth in the Turkish Real Estate market
Since the Real Estate market in Istanbul is growing and developing, investing and buying property in Istanbul is associated with very high returns. Buying a property in Istanbul now gives you a reasonable chance to make a profit in the future.
Since Istanbul is a newcomer to the real estate market, buying a property in Istanbul is a better investment than buying a property in Paris or Greece. Whether you are interested in buying cheap apartments for sale in Istanbul, or other Turkish cities, take a look at our selection of properties for sale in Turkey!
Buying a house in Istanbul is affordable!
The existence of low-cost and affordable houses and even luxury and large houses have attracted the attention of buyers and investors of different nationalities to buy property in Turkey. For example, on the Aegean coast, you can find a furnished two-bedroom apartment with a suitable and affordable budget.
The low prices have enabled many foreigners to buy a property directly without mortgages and that is one of the best reasons to buy property in Istanbul.
Obtaining Turkish Citizenship via Investment scheme in Istanbul
Why should you buy property in Istanbul?
Because you can obtain Turkish citizenship through an investment scheme by buying a property, only worth $ 400,000 and benefit from the powerful Turkish passport that gives visa-free access to many countries around the world.
Before 2018, the minimum amount for buying a property in Turkish cities was set as $1,000,000; however, the Turkish government introduced a new regulation and reduced the price dramatically to encourage foreigners to invest in the country.
Sell your property for profit in Istanbul!
One of the best reasons to invest in property in Istanbul is that you can be assured that you’ll be able to sell it easily when the time comes. You might not necessarily want to think about this while you’re still choosing a property to buy, but remember that sales potential is always important. If you hold onto the property for over five years, you’ll also save on capital gains tax, which is a huge opportunity for you.
Great benefits and safe investment in Istanbul
Buying an apartment in Istanbul is considered a safe investment that has many benefits. As an investor, you have many choices and you can easily choose the best among the apartments, villas and very luxurious buildings in Istanbul according to your desired budget.
You have a wide choice of budget and luxury buildings in many districts within Istanbul, such as Beşiktaş and Fatih.
New Developments and Urban Renewal in Istanbul
Istanbul is home to many modern constructions and new development projects. These projects are mostly implemented in the suburbs, which are among the growing areas and have direct access to shopping and nightlife centers.
You have made a very good and smart investment by buying a property in this part of Istanbul. Because in the areas you are far enough from the crowded areas of Istanbul that you can sleep soundly at night and at the same time have direct access to all recreational and welfare facilities.
While the shores of the Bosphorus and areas like şişli remain the elite of Istanbul real estate markets, neighborhoods like Esenyurt and Buyukcekmece are enabling the growing middle class to become real estate investors in Istanbul.
Mega Projects Galore in Istanbul!
Undoubtedly, one of the best reasons to buy property in Istanbul is the mega projects of Istanbul that when complete are predicted to raise property values even more than they have done already.
A mega project that has attracted everyone’s attention is the new Istanbul third airport that when complete in 2028, will be the world’s transport hub. Investors are also buying houses and apartments on the European side where the Istanbul Canal project will take place.
If you’re looking at buying property in Istanbul, these developments are the best for you. So do not waste time and contact us right now to buy the best property in Istanbul!
Istanbul is a global tourism and business hub
Istanbul used to be the capital of the Byzantine and Ottoman Empires, and for this reason, it has many historical monuments that attract many tourists every year. In this regard, the government has made a huge investment in the tourism industry of this city.
In addition, Istanbul is the number one center in Turkey for trade, finance and economy and it is turning into a global powerhouse in Turkey.
Easy process to buy a property in Istanbul
You can easily buy a property in Istanbul by contacting our real estate company, and our professional lawyer to make sure about all your rights. It is very important to choose a real estate company that you trust completely. The whole process from choosing your favorite house to signing the title deeds may be completed in less than a month.
We will help you from the first step of buying a property in Turkey and we will show you the best and right process.
Turkey’s strategic location is another reason to invest in its real estate market!
Turkey is ranked thirty-seventh among the world’s largest countries, and this is why you should invest in Real Estate in Istanbul.
Turkey attracts a large number of investors every year and the value of the property in Istanbul is increasing day by day. There are many famous cities in Turkey including the Bodrum peninsula, Antalya and Istanbul, which are often visited by wealthy celebrities and have stunning views.
Living costs in Istanbul are lower than in European countries!
If you want to live or invest in a city that is quite affordable in terms of cost of living, Istanbul is one of the best choices for you. Although red meat and gasoline are expensive, you can buy items such as fruits, vegetables, cheese, and olives at a reasonable price at local markets.
Enjoy the lifestyle in Istanbul!
Life in Istanbul is very enjoyable! Undoubtedly, the comfortable lifestyle is one of the most important reasons that attract people and investors to buy a property in Istanbul.
You definitely prefer the coastal cities of the Aegean and the Mediterranean for buying luxury villas in Istanbul to enjoy the sea views and the peaceful life there. You will definitely love the comfortable and relaxed lifestyle in Istanbul
You can find high-quality houses in Istanbul
The construction industry in Turkey is well developed and you can easily buy a luxurious villa or a perfect penthouse in a favorable district of Istanbul. The recent trend in the real estate market in Istanbul is to create luxurious living spaces that follow the trend by developing houses fit for the king.
The projects usually include first-class amenities such as swimming pools and green areas that provide the residents with a gateway from the hustle and bustle of the city.
Strong Real Estate Market in Istanbul
Due to the highly developed construction sector, infrastructure development and urban renewal projects, Real estate is among the strongest and most dynamic industries in Turkey. Since the return of investment is very short and reaches 20 years, undoubtedly investing in a property in Turkey is a wise and profitable investment.
Possibility of long-term investment in Turkey
For those who are looking for a long-term investment, the real estate sector is very vital and encouraging in Turkey. Property prices in Istanbul have reached an average that suits everyone, and the property that is well taken care of, has huge potential to achieve a great return on long-term investment.
So far, you know the reasons for buying a property in Istanbul, we will discuss its benefits below.
Pros of buying a property and investing money in Istanbul
Istanbul is one of the most prominent cities in the world and its beauty and the fact that it is the center of the country both economically and socially make Istanbul an attractive option for investors.
Here is a list of benefits of buying a property in Istanbul. Check it out!
- Great diversity in the real estate market
- The distinctive geographical location of Istanbul
- Possibility of obtaining real estate residency in Istanbul
- Istanbul property prices are very affordable
- Excellent services and infrastructure in Istanbul
- you can sell your property any time you want
- Getting a stable and guaranteed financial return
- The increasing demand on the rental market, whether the property is new or old
At last, if you want to buy a property in Istanbul, you have made the right decision. However, are there any disadvantages to buying a property in Istanbul?
Cons of buying a property in Istanbul
Perhaps the only drawback of buying property in Turkey is the misunderstanding of market prices or buying a property at a price that contradicts the nature of real estate prices in the same region.
Therefore, we suggest that you consult a reputable real estate agency before buying a property. We will help you find the best property that suits your situation.
Is buying a home in Istanbul a good investment?
There are many good reasons to buy property in Istanbul. Real estate investment in Istanbul is the best type of investment, because of its advantages that are in the interest of the investor. However, for this type of investment, there are important things that must be taken into account for the investment to be successful. For complete and specialized advice in this area, you can talk to our experts in Al-Khail.
Don’t you think buying a property in Istanbul is not the best investment, which has long-term benefits? Depending on your financial status, you can buy a flat or a luxury villa in Istanbul and then apply for permanent residence in Turkey.
Do not forget with 24/7 customer service, you will get the support you need whenever you have questions. Call us now!