With recent figures showing that Istanbul’s property boom is in no way slowing down, it looks as though Istanbul’s reputation as one of the best destinations worldwide for property investment is set to continue. Turkish property expert Cameron Deggin explains the city’s enduring appeal to investors, and gives a few top tips for any would-be investors hoping to ride the boom.
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.
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.
Summer’s here and buying season has begun. Now’s the time to start doing your homework ahead of heading off on a property inspection trip to buy your dream home in Turkey. If you’re a prospective first-time Turkish property buyer you’ll love these tips, which cover everything from deciding what you want to buy to avoiding property scams, giving you peace of mind to enjoy your new life abroad in the sun.
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.
When you think of Turkey, what comes to mind? Beautiful sandy beaches? Bustling city centre's such as Istanbul? Well did you know that Turkey is awash with some of the most striking nature and beautiful landscapes that you could imagine? An increasing number of real estate buyers are looking to pick up nature escapes and mountain homes, and in this blog we round up the very best rural homes with magnificent views and luxury details.
The purchase of a Euro 100 million Istanbul mansion (yali) - the fourth most expensive property in the world - by a Qatari monarch has set tongues wagging. The Bosphorus yali is a prime example of the luxurious real estate found in Turkey's largest, city. The purchase also solidifies Istanbul´s reputation as the firm favourite of Middle Eastern buyers, who are flocking to the city in search of private residences and lucrative buy-to-let properties.
As more and more people look towards investing in a Turkish property, it is inevitable that you begin to hear some horror stories of those who have seen their dream purchase in the sun turn into a nightmare. In this analysis, we unpick the facts and look into the good, the bad, and even the ugly when it comes to investing in Turkey. Do not buy in Turkey before you have read this blog.
2015 is well under way, and many property investors are asking themselves: "Where are the best markets to buy a home in 2015? And why?" - with this blog we present our top six destinations for overseas property investment, including a couple surprise countries you might not have expected on the face of it. Are you an overseas investor? What are your top tips for 2015? Let us know in the comment section of this article.
If something appears 'too good to be true', a general rule of thumb suggests that it just might be too good to be true - this has been the case over the years with some frightening stories of people thinking they have found their dream property in Turkey, only later finding out they have been the victim of a scam by trying to cut corners or trusting in people who they shouldn't have. If you delve a little deeper, you will see that most of the scams could have been avoided if a few simple steps had been adhered to - we give you our top advice on how to avoid being scammed in Turkey.
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.
If you look around the world real estate markets, there is a significant downwards trend throughout Europe and beyond. One country that has remained largely unaffected by it all, is Turkey, and specifically - beautiful Kalkan. Many overseas purchasers are looking towards Kalkan for the sweeping sea views, spectacular surroundings, and mesmerising charm of the region. One other attraction of Kalkan? High rental dividends for those looking to buy from an investment perspective. We take a look at why Kalkan is the ideal buy-to-let destination for those seeking a sunny second home abroad along the Mediterranean.
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