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Property for Sale in Istanbul – But Is It a Good Investment Option?

15/10/2020

Finding a property for sale in Istanbul is not a big deal. But the question that bothers investors - is it a good time to invest in Istanbul real estate market? Well, Turkey is popular for real estate & property investment, and Istanbul real estate market is their star performer. Istanbul has always been the top destination in Turkey for domestic property sales. In 2015 it also overtook the Mediterranean region of Antalya and became the number one destination for foreign buyers in Turkey.

In this post, we will reveal why Istanbul is the best place for real estate investors. Also, we will share a proven strategy which will ensure a profit in the Istanbul real estate market. But before we jump to that check out here the process first of finding properties in Istanbul. 

How to Find a Property for Sale in Istanbul

Istanbul is an excellent combination of two continents, Europe, and Asia. This largest Turkish city is not just the financial and cultural centre of the country but also the best place to invest in real estate. 

If you are looking to buy a property, then, first of all, you have to decide the purpose of your purchase. If you want to buy a home for living, then you have to ensure that the place is located near your workplace. In that case, you have to choose such a place where you can enjoy the vibrant streets, metropolitan lifestyle, and lively nights. You can consider buying a property in areas like Sisli, Besiktas, Sariyer, Yesilkoy, Bakirkoy, Fatih. These places are located near the European side of Istanbul. 

If you want to live in the Asian side of Istanbul, then some of the best living places will be Uskudar, Acibadem, Kadikoy, Suadiye, Bostanci. According to your preference, you can choose any location for living in Istanbul, but before finding a home, you have to ensure that the place is located near your workplace. It will help you to avoid the world-famous traffic jam in Istanbul.  

If an investment is your purpose for finding a property for sale in Istanbul, then Besiktas, Basaksehir, Arnavutkoy, Kucukcekmece would be suitable for you. All these areas are located on the European side of Istanbul. If you are looking for properties in the Asian side of Istanbul, then search around Uskudar, Sancaktepe, Atasehir, Maltepe, and Pendik. 

After choosing the place, you have to find local brokers who operate in that area. They will help you to find the properties in Istanbul. You can also take advantage of the property listing sites to find the best deals in Istanbul. You can also consider contacting a local real estate company to find the best properties in Istanbul. 

By following the tips mentioned above, you will be able to find property for sale in Istanbul. The real estate industry of the city is booming. In 2017, the market hit new highs. Are you wondering what exactly luring the foreign and Turkish buyers to invest in Istanbul real estate industry? Well, in this post we will find that out.

Capital Growth Potential of Istanbul

Istanbul has always been one of the major cities in the world, but the real estate market was neglected for years because of substandard urban infrastructure, dismal economy, as well as lack of financing. However, in the 21st century, the government has started to modernise the city as well as its real estate market. Hence Istanbul has appeared as the infant of the world's real estate market. 

The Turkey 2023 vision aims to take Istanbul to an equal level of London. It is expected that in the coming few years, Istanbul will share an equal status like London and give real estate investors a lucrative edge. Barnes International has also ranked Istanbul as the number one city for potential in 2016. So, if you are looking for the best sector for long time invest, then you should consider Istanbul real estate market. 

Mega Projects Galore

The property values of Istanbul have started to rise already, and it is expected at the end of the Galore Projects, the value of the real estate will increase even more. The Mega Projects Galore is the talk of the town. The city will come up with its third airport in 2028. After that, it will become the world's transport hub connecting the eastern and western world. You can also look for property for sale in the European side of the Istanbul where the Canal project is shaping. At the end of these projects, the real estate value in Istanbul will increase even more. So, this is the best time to find property for sale in Istanbul and invest in it. It will ensure the maximum return of your investment in the coming few years.

Business Hubs and Global Tourism in Istanbul

Istanbul has been the ruling capital of Byzantine and Ottoman empires. The historical significance of the city makes it one of the most visited destinations in Turkey as well as in the entire world. In 2014, it beat major cities like Rome in terms of the number of visitors.

Istanbul is also the business and economical capital of the country. Perhaps this is the main reason for which world-famous brands are also investing in Istanbul. Just like giant companies, you can't also afford to ignore the potential of Istanbul.

The Turkish government is also planning to build an Istanbul International Financial centre which will be equivalent to wall street. If you invest today in Istanbul's real estate industry, then you will surely enjoy its growth ride.

Real Estate Investing Strategies

Investing in a Turkish property requires certain steps. But considering the advantages, these steps are relatively easy. Here we will discuss a few strategies which will help you to thrive in the real estate market of Istanbul.

  • Before finding a property for sale in Istanbul, you should know the market condition first. It will help you to understand when the trend will change and create opportunities for you.
  • Before investing in Turkish real estate industry, you also have to understand the risk associated with it. You should invest in this industry according to your risk appetite.
  • Before start investing, you should build a network first. Especially if you are an outsider then consider partnering with a local person and then proceed. You can also choose a mentor for your investments.
  • Focus on buying undervalued properties. It will help you to make maximum profit.
  • If you are looking for stable income from your investment, then focus on buying commercial properties.  You can also purchase housing apartments in highly developed residential complexes. Renting such a property will be easier for you. 
  • You should also create an exit strategy before you start investing in this market.

Conclusion

Investment in Istanbul's real estate market is highly advantageous because of its liquidity. Turkish apartments in residential complexes offer a wide range of amenities, and they are also located in such areas that have highly developed infrastructure. Homes, apartments, and villas don't just have high rental demand, but they are also attractive for reselling. So, find property for sale in Istanbul to diversify your investment. It will minimise your investment risk and ensure a guaranteed return.

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