If you’re interested in packing up and moving away to start a life somewhere new, you may want to consider Turkey. Rich in culture, beautiful streets and tasty food, more and more people are relocating to the country.
There’s no doubt that Istanbul is one of the world’s most breathtaking cities. Turkey’s bustling metropolis, nestled on both sides of the Bosphorus Strait, has been weaving its own rich history for centuries. With a population of more than 15 million people and a huge influx of foreign migrants, Istanbul is undoubtedly a melting pot for different cultures.
A recent study has shown that Istanbul is one of the top 10 cities to buy property around the world, and no wonder – it’s a beautiful city with a vibrant culture. If you’re looking to invest in property, this is your chance.
Why should you buy property in Istanbul?
Even with the average property prices in Istanbul rising year on year, an increasing population, and decent job opportunities, there is no doubt that the current property prices in Istanbul are still a bargain compared to other cities worldwide.
If you’re considering buying property in Istanbul, you should know that the city is growing rapidly. Here’s why this is a great time to invest in property in Istanbul:
- Proximity To Financial Hubs: The Turkish economy is one of the fastest-growing in the world. With a population of more than 15 million people, thousands of business opportunities are ripe for the taking. The city’s proximity to main world finances makes it an attractive option for those looking to open a new office or branch of their existing business.
- Affordable Property Prices: You don’t have to spend a fortune to buy property in the city centre. There are plenty of excellent options at great prices, so you can buy property as an investment or build your dream home.
- Low Living Costs: With all that money you saved on buying your property, you won’t need much to keep yourself and your family comfortable. The cost of living in Istanbul is quite low, which is great for expats with limited budgets but who still want the best quality of life.
What property types are available in Istanbul to buy?
You’re looking for a property in Istanbul and want to know what types are available in the city. In most cities and towns, you can buy properties of almost any size or use. However, if you’re looking to buy property in Istanbul, it’s worth keeping an eye on the following types of properties:
- Apartments – As previously mentioned, there are plenty of great options for houses for sale in Istanbul. Whether you like to live high up or down low, there are plenty of spaces to choose from. Most expats prefer to rent apartments in the city, as it’s easy to find short-term and long-term contracts.
- Villas – Villas are smaller detached houses with a homely feel. Most people who want to buy property in Istanbul choose to get a villa so that they have more space than an apartment, but without having to deal with the hustle and bustle of city life.
- Lands – If you have an eye for property development, you can choose from a range of plots with permissions ready for construction work. Many people build luxury mansions or stunning waterfront residences in Istanbul, passing them down from generation to generation.
- Shops – If you have your own business or simply want to try your luck in the retail industry, you can choose from various retail spaces. There are plenty of options close to commercial areas, where you have lots of footfall.
Best Istanbul property locations
Istanbul is one of the best cities to live in, so it’s no surprise that people worldwide dream of waking up next to the Bosphorus daily. With that said, there are some places where you’re more likely to get a good deal – and others where you may end up paying over the odds for less quality.
The Asian side of Istanbul
If you’re looking to buy property in Istanbul, the Asian side is a great place to start. Here are some of the best areas to buy property in Istanbul with a focus on the Asian side:
Kadikoy Area
This is one of the most popular places to buy property in Istanbul, as it’s close to both water and city infrastructure. It’s a great place for citizens who want to live close to their office without paying too much for rent or home ownership.
The European side of Istanbul
The European side is a great place to start if you’re looking to buy property in Istanbul. Here are some of the best areas to buy property in Istanbul with a focus on the European side:
Sisli Area
This is another great location for those who want to live near the city centre but don’t want a busy urban lifestyle. You can find plenty of property for sale in Sisli close to the city centre, but still with some room to breathe.
Kagithane Area
This is another great location for people who want a quiet haven in the city. Most properties for sale here are detached homes and large plots, so you have plenty of space to breathe. When you’re ready to turn your hobby into a business, this is a great area to buy property in Istanbul.
The bottom line
If you’re looking to invest in property in Istanbul, this is the best place to start. The city has a great infrastructure, culture, and climate, so it’s no wonder people worldwide are choosing to buy property here. Just remember that there are plenty of locations to consider depending on what you want out of life – apartments and villas are easier to come by in the city centre but have less room than larger detached homes.
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