Istanbul is not only Turkey's shining star, but the rising star of the real estate world with more than 250,000 properties being sold in Istanbul last year alone, leaving developers struggling to keep up with demand as more and more savvy investors look to take advantage of government initiatives for regeneration, prime areas, and the districts of tomorrow. In a city of 17 million, prices of Istanbul's real estate are rising quickly, and in this blog we put together our top investment opportunities in the city today.
Belonging to the Fethiye Peninsula, its nearby touristic attractions of the Blue Lagoon in Oludeniz or the ghost village of Kayakoy often overshadow its presence. Yet, British holidaymakers highly favour Calis, and it has turned into a pleasant expat destination. Reasons why property buyers chose Calis as their preferred place to relocate, are plenty - discover why Calis is one of our top picks for buying a holiday or permanent home in Turkey.
Turkey’s most popular city, Istanbul straddles two continents and provides a natural gateway between the East and the West. In the last 10 years, stratospheric development in Istanbul has seen investors rush to capitalise on Istanbul’s property boom. Stats show that one in five Turkish property sales are now being made in Istanbul, making the city one of the most exciting markets in the world. So, WHY and WHERE should you invest in Istanbul? Read on to discover just what sets this metropolis city above the rest.
With the aim of boosting the property market, the government is planning to offer work permits to anyone who buys Turkish real estate above a certain level. The move follows the 2013 offer of residency visas for home buyers, and will probably extend to allowing buyers to become Turkish citizens. Turkey's property market is booming, with properties increasing by 93 percent in the last five years. However, critics say the market still has room to grow.
Every visitor to Istanbul knows Taksim Square and Istiklal Caddesi. However, there are some incredible suburbs and rural regions just a short drive from the central city. Some are leafy, some are coastal - some are in up-and-coming parts of Istanbul itself. Join us on a tour of Istanbul’s best kept secrets.
Atasehir is set to become Istanbul’s new financial heart, cementing the city’s status as a global economic powerhouse. The development also presents an incredible opportunity for investors, who are set to win fortunes on Istanbul’s Asian side. One such investor is Cameron Deggin, who believes his property in the Atasehir development will net him - and his clients - large gains.
Istanbul is Turkey's beating heart. It's the cultural capital and the historical centre of the country. And of course, it's the economic powerhouse driving the Turkish economy. Investing in Istanbul has always been an attractive prospect and in the last decade investment in the city has grown exponentially. Discover how you can make a start navigating Turkey's largest and most prosperous city.
Turkey's property market is set to receive a huge boost with the introduction of a "Golden Visa" scheme, like that already in operation in Portugal and Cyprus. Anyone investing $500,000 will receive automatic residency, a move likely to attract more investors, especially in Istanbul, Turkey's number one spot for overseas property buying. The move will also net billions for the Turkish economy.
Life in Turkey is certainly a lot cheaper than life in the UK, both in terms of property prices, and just general living costs - in this blog we dive into exactly how much it would cost you to live in Turkey permanently, what your outgoings would be, and compare those to that of life in the UK. You might be surprised at just how much of a saving you could make with your new Turkish life.
It's been a rocky few months for Turkey. Following an inconclusive general election in June, majority party AKP failed to form a coalilition with any of the opposing parties. A second general election, held this past weekend, yielded much more decisive votes: AKP is back, and with enough votes to lead without need of a coalition. Whatever you think of President Erdogan, it's clear the economic reforms he spearheaded in the past decade or so have brought the country incredible prosperity. With Erdogan back holding the reigns, the lira has rallied and investment will surely follow.
As real estate agents, we often meet international investors who want to know if buying property in Istanbul is a good idea. With average prices looking better than those of other global cities like Milan and New York, Istanbul is worthy for good returns on investment. The unique culture makes this Turkish city intriguing for potential buyers looking to spread their wings overseas.
So, how well do you know Istanbul? You have probably heard of Besiktas - where eye-watering prices put the central region at the top of the pile. However, there are a number of up-and-coming neighbourhoods where property is becoming available thanks to regeneration and gentrification. Investors are moving in and developers are buying up - a sure sign that these little-known areas are on their uppers. We let you in on four areas where, price-wise, there is still room to move.
In recent decades Istanbul’s transformation from a modest city to a huge centre, home to a quarter of Turkey’s population has been astounding. Economic advances and increased immigration to the city mean Istanbul is bigger and wealthier than ever before. However, growth has not been smooth, and now city planners are aiming to transform the city over the next 20 years with initiatives aiming to improve housing and infrastructure for future generations. We explore the opportunities urban transformation presents for investors - and the problems associated with rapid change.
In a city as big as Istanbul, it is easy to get lost, easy to look for easy options of investment in city centre favourite districts and regions such as prime Esenyurt and Beylikduzu. But, what are the districts in Istanbul that have yet to reach their full potential? The areas that are prime for investment today to pay off tomorrow? We take a close look at Bomonti, Kagithane, and Bahcesehir to bring to you our top three spots for real estate today that are set to see huge price increases in the next 5-10 years.
While the Princes Islands are just a short trip from Istanbul, visitors who step onto the ferry leave behind more than just a big city - they depart the trappings of modern life and enter a long-forgotten world of horse-drawn carriages and wistful Victorian mansions. Once a place of exile for Byzantine and Ottoman royalty, today the islands are enjoyed by day trippers who explore their beaches and pine forests. Although it's rare to find real estate for sale on the Princes Islands, a 140 year-old mansion for sale offers not only the chance to experience life as part of this intriguing archipelago, but an opportunity to invest in a successful rental business.
The Sisli neighbourhood of Bomonti is just a stone's throw from the exclusive area of Nisantasi and three kilometres from Taksim Square, yet prices are still favourable. This old town built around a historic brewery has experienced mega-development, with several high-profile names taking advantage of lower land prices to make their mark on this esteemed area.