Where to invest in seafront properties in Istanbul
2017-07-03 15:52:03
Property by the sea has always been coveted by lifestyle and investment property buyers, and seafront property in Istanbul is no exception to this rule. However, in a built up city like Istanbul seafront properties are scarce. Existing property in Istanbul’s waterside areas is in high demand, and the remaining land is heavily restricted, with few opportunities for planning permission up for grabs.
Nevertheless, opportunities exist. They’re vanishingly rare, and will become more so as the available land shrinks. We’ve compiled a list of the six most desirable Istanbul waterfront properties, giving each a rank out of 10 for investment potential. Read on to discover some of the choicest Istanbul luxury waterfront properties on the market today. Be warned though: as remaining seafront parcels are so vanishingly rare, eagle-eyed buyers generally snap them up before construction is completed.
Sea view apartments in stylish West Marina
Investment score: 8/10
Designed and constructed by one of the city’s most prominent developers, this project in Istanbul’s West Marina is set to become a city within a city. The self-contained development with five-star facilities like a school, a hospital, shops and restaurants is ideal for families, as well as investors seeking a watertight way to earn capital gains and rental income from investment property.
- Where: Beylikduzu, frontline to the Sea of Marmara, a 40 minute drive to the central city.
- Price per square metre: $1,600
- Payment terms: 25% down payment with remaining balance paid over 24 months. Discounts available for cash buyers.
- Investment potential: The low-entry cost of units on the development, coupled with the favourable capital gain predictions and high rental potential allow a secure exit strategy for mid-term investors.
Blue Marina on the Marmara shore
Investment score: 9/10
This world-class Istanbul seafront property development is beautifully designed. Targeted towards families seeking space and fresh air away from the city centre, the 30-acre seaside development includes a marina bazaar and club as well as a wealth of lifestyle facilities ranging from sports facilities to a cultural centre.- Where: frontline to the Sea of Marmara in Buyukcekmece, a 40 minute drive west of the city centre.
- Price per square metre: $1,650
- Payment terms: 30% down payment, with payment due in 30 months, OR 40% down payment with 36 month payment plan.
- Investment potential: As the project is still in early stages, and set for completion in over two years, investors have a vanishingly rare opportunity to buy in at the early stages, at a low price point. Prices will rise by 35% by the completion date: a built-in gain for early investors. The quality and location of the project ensure its ongoing popularity with city professionals, and therefore a secure exit plan.
Waterfront luxury in stunning Istanbul location
Investment score: 7/10
Commanding impressive views over the Marmara Sea, this seafront project has been developed in conjunction with a luxury brand hotel, offering five-star facilities to residents. The location within the city is just as superb as the development itself, with the central city just a short distance away. Spread over four residential blocks, the development includes just about every modern convenience imaginable, including sports facilities, shops, restaurants and VIP concierge service.
- Where: Bakirkoy, 20 minute drive west of central Istanbul
- Price per square metre: $8,000
- Payment terms: a 25% down payment followed by a 36-month payment plan.
- Investment potential: for investors with money in their pocket this development is an excellent option. While your initial investment will be on the high side, the higher price bracket means higher rental income and an opportunity to market your property alongside some of Istanbul’s most prestigious properties. Rental property in Bakirkoy averages 5.6% returns, in line with the Istanbul average. Bakirkoy property grew in value by 55% between 2011 and 2015, and is expected to continue its growth trajectory, thanks to its proximity to the city centre.
Extraordinary modern design apartments in Zeytinburnu
Investment score: 7/10
The striking, modern architecture employed in these panoramic seaside apartments sets this development apart from others in the area. Just metres from the Marmara shore, these elite residences have excellent links to central Istanbul and are just a 10 minute drive from Ataturk Airport.
- Where: Zeytinburnu, a 20 minute drive west of central Istanbul
- Price per square metre: $5,071
- Payment terms: a 25% down payment followed by a 36-month payment plan.
- Investment potential: With excellent travel links and a payment plan that will only be enhanced by investing in foreign currency, these properties are ideal for investors seeking high return on investment along with steady rental income.
5-star waterfront residences in Canal Istanbul
Investment score: 7/10
Canal Istanbul is one of Istanbul’s newest mega projects. The canal will create a new connection between the Black and Marmara Seas, and is set to become a focal point of the city. This project is set to become an iconic part of the ambitious project. Not only will residents have access to superb onsite facilities, they’ll also enjoy connections to the central city and beyond, thanks to the improved infrastructure in the wider area.- Where: Kucukcekmece, a 40 minute drive west of central Istanbul
- Price per square metre: $3,300
- Payment terms: a 25% down payment followed by a 36-month payment plan.
- Investment potential: Here's a chance to be part of one of Istanbul's most exciting new projects. These properties are not only outstanding on their own, they'll be part of a vibrant new community with excellent facilities and fast connections around the city, making them incredibly appealing to professionals seeking high quality rental housing.