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Why Buying House From Istanbul

 

Buyers seeking to invest in Istanbul real estate are doing much more than that. They are investing in Turkey’s premier real estate market, which is a constantly changing center of houses to purchase and money to be earned. The property market does not disappoint, whether you are a first-time foreign buyer searching for a vacation home, a smart investor, or someone wanting to live and work here all year. 

There are a huge amount of budget and luxury apartments and villas for sale, and whether you want a new build, off-plan, or resale home, there are plenty of opportunities to find what you want for the price you want to pay, from residential suburban homes to skyscraper penthouses and waterfront mansions. Because of its appeal among international investors in Turkey, it is the most popular location in Turkey for home sales. But what makes this property market unique, and what additional advantages may purchasers expect? 

Why Should You Invest in Real Estate in Istanbul? 

1: Property Price Affordability

Did you know that in 2018, foreign purchasers accounted for 40.000 home transactions in Turkey? The advantageous exchange rate, which gives foreigners considerably more for their money than ever before, was a major reason they chose Turkey. When this is combined with a market where prices per square meter are already cheap when compared to countries such as Spain and France, affordability becomes the number one driving force for foreign home sales. 

2: Low Costs and Simple Purchasing Process

Purchasing a home in Turkey is less expensive than in other nations. The title deeds tax is just 3% of the property value, and even services such as translator, lawyer, and agent costs are reasonable. Combine this with a simple purchasing procedure that, provided all funds are in order, can be completed in as little as a week, and it’s clear to see why Turkey has a thriving real estate market. 

3: Capital Growth

With new projects, Istanbul is reinventing its housing market; as a result, an ample supply keeps prices low, but investors seeking for long-term capital growth possibilities, particularly on the European side, are getting in now. Istanbul is also the most popular destination for both Turkish and international purchasers, so strong liquidity and a worldwide audience reassure them that if they need to sell, they will have a global audience. 

4: Citizenship via Real Estate Investment

In 2018, Turkey reduced the minimum amount for the citizenship investment program from one million to two hundred thousand dollars. This drew a slew of investors, many of whom purchased property in Istanbul, and as long as they maintain the property for three years, they would be granted residence and working privileges. 

Where Can I Buy Real Estate in Istanbul? 

Certain neighborhoods, including as Tarabya, Taksim, Beyoglu, Kadikoy, Nisantasi, Cihangir, and Besiktas, have a global reputation for their luxurious houses highlighting the best of affluent Turkish living. Villas on the Bosphorus, also known as yali mansions, are the most costly market in Turkey, and one look at its nostalgic architecture and luxurious design reveals why. 

However, you can find luxury houses in Istanbul, with large penthouses and beautiful six-bedroom villas attracting visitors from all over the globe. These villas are near the beautiful Bosphorus with amazing view. The fact that you are not only purchasing bricks and mortar, but also a new lifestyle among the elite social scenes of Turkey’s most famous metropolis, is one of the reasons why purchasers choose luxury homes.