We get a lot of questions at Property Turkey, and perhaps the most common query is: how can I get everything I want in a lifestyle property, as well as ensuring a nest egg for the future? Our Istanbul expert Murad fields a question from Roberto, a potential buyer from Italy, looking for an investment property that's also ideal for a young family.
Tourists generally favour Istanbul's old city, with its incredible monuments and well-worn attractions. However, the developing neighbourhoods along Istanbul's historic Golden Horn are about to give the city's established visitor haunts a run for their money: as investment in the area transforms the face of the Golden Horn, the area is becoming a hub for culture and art. Investors looking for an entry-level option in the fast-moving Istanbul market now have Golden Horn property firmly on their radar.
Media Highway (Basin Ekspres) in Istanbul has benefited from a huge government investment, improving government infrastructure and pushing property prices up. However, the growing area is still a great option for entry-level property investors, with plenty of options for capital growth and rental income. We've rounded up our pick of the six most incredible investment opportunities in the Media Highway area.
Urban regeneration is rejuvenating Istanbul, turning formerly undesirable areas into coveted suburbs sought after by families and professionals - and of course, investors. While many parts of Istanbul are off-limits due to high prices, areas where urban regeneration is taking place offer opportunities for lower entry level prices - but with all the capital growth of the more wealthy parts of the city.
Fikirtepe on the city's Asian side is a notorious slum area. However, this is about to change quite dramatically as $18 billion is poured into the area to build new homes and improve local infrastructure. A government official has said Fikirtepe will become a city within a city as construction ramps up in earnest.
Turkey is a hot favourite with Arab tourists and investors, who are attracted by the country’s culture and the ease of investment. Investment opportunities for Arab buyers are legion, and extremely lucrative. We examine the top seven factors enticing Middle Eastern buyers to move to Turkey.
In a bid to increase numbers of property sales to foreigners, the Turkish government is set to pass a law that will grant overseas buyers citizenship when they purchase a property valued at more than 250,000 USD. The offer will appeal to buyers from the Middle East and Europe seeking not only excellent return on their investment, but access to a large regional hub with favourable tax laws.
The ever-growing city of Istanbul seems to be growing upwards. Construction is booming, and with it, giant buildings are appearing all over the city. Already the tallest city in Europe, Istanbul's set to become one of the tallest on the planet. Cameron Deggin explores some of his favourite Istanbul city skyscrapers.
When investing in a large city like Istanbul, it's difficult to get your bearings. Prices, build qualities, locations - it all varies so much. Unfortunately, there are a large number of unscrupulous companies ready to take advantage of new buyers. This includes the growing phenomenon of guaranteed rental income. We explain how it works - and how best to avoid getting scammed in Istanbul.
The iconic central Golden Horn area, clearly visible on every city map, is smartening up. New developments and improved infrastructure are attracting investment and prices are climbing. Middle class Turkish buyers are snapping up property at extremely favourable prices. So why aren't more foreign buyers sitting up and taking notice?
Istanbul's Media Highway region has become an investment hotspot as new developments draw buyers attracted by quality builds, favourable capital gains and high rental returns. The government has ploughed almost a billion dollars into the region's infrastructure and construction, improving links from Media Highway around the city and beyond. Discover why investors are turning to this central city area.
Istanbul's third bridge opened last week to great fanfare. The eight-lane bridge has eased congestion in the city, shortening commuter journeys all over the city. What's more, according to
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.
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.
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.
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.