"Why Buy an Istanbul Apartment?" Property Venture's article on Istanbul published by Buy Association
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Why Buy Istanbul apartment and Real Estate?
"Istanbul generates interest from around the World. A boost was given when the reciprocity regulations, which determine which nationalities are permitted to buy property in Istanbul and in Turkey more broadly, were relaxed.
As a result Middle Eastern buyers have swarmed: Saudi Arabians, who want to make sound investments in a country, with a more relaxed political backdrop, Iranians desiring a bolt-hole away from the home regime and attracted by potential citizenship after living in Turkey for 10 years.
Istanbul Property, Real Estate in Europe
So British investors are not alone in being increasingly attracted to Istanbul Real Estate which generate decent rental yields of between 5 - 10% and double digit, capital growth.
Given the uncertain nature of a number of European property markets, the European Istanbul Real Estate market is proving an alluring prospect. In fact such is the frenzy of buying activity in Istanbul Real Estate, the picture changes weekly......
Buying Istanbul apartments – the demand?
Istanbul's population of 15 million is impressive in size and makes for a very busy city. What's more, talk locally is of Prime Minister Recep Tayyip Erdogan’s plans to renovate or re-build chunks of the central part of Istanbul's properties. It is estimated 40% of Turkey’s housing stock needs replacing.
For renovation of sections of Istanbul to happen, property dwellers or landlords with tenants, would be relocated, realistically further out of the city centre. This is where much of the new build Istanbul apartments are being constructed...........
As with any investment, buying apartments in Istanbul is best done using professional help and guidance, on which are the better and more desirable properties to consider."
Louise Reynolds is a Director of Property Venture® an independent, Istanbul property expert who helps buyers of investment property overseas, do so more easily and safely than they can on their own, because they offer grounded common-sense advice and support.
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Property Venture® is an award-winning, UK-based agency for overseas property who helps people buy investment property and holiday homes in Europe, more easily and safely than they can on their own, because we offer grounded common-sense advice.
The focus is mainly greater Europe: Poland property, UK investments, Spain property, Turkey property, Cyprus property
On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say
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