Property for sale in Istanbul
If you are looking into property for sale in Istanbul, you have come to the right place! With HausBiz you will have access to our large and extensive portfolio of off-plan, under construction, new ready to move properties for sale in Istanbul and resale properties available on both sides of Istanbul; the Asian and European. Our independent advice and guidance on purchasing property for sale in Istanbul will help steer you into the right project tailored to your need. Also our experienced professional lawyers will assist you in all steps of Turkish citizenship by investment by buying property in Turkey.
The hottest property for sale in Istanbul is in the city's most sought out central districts: Beyoglu, Mecidiyekoy, Bebek, Sisli, Maçka, Bahçelievler Levent and other districts alongside the Bosporus line where A-class luxury residences include Istanbul villas for sale.
However, foreign buyers favour much more cost-effective Istanbul real estate investment options that are off-plan properties in Istanbul outskirts districts such as; Beylikduzu, Esenyurt, Buyukçekmece, Kuçukçekmece and Bahçesehir. These mentioned investment options promise buyers steady price growth and substantial rental income.
Property in Istanbul is in high demand due to its fast developing nature; the city is rapidly expanding and that is why we recommend that our clients be very selective when choosing property in Istanbul and in trusting in agents and developers as there are many false promises being made to foreign investors in the market.
Inner City Property for Sale in Istanbul Is Categorized into:
1. Luxury residences in high-rise tower complexes with various amenities and facilities such as shopping malls and restaurants can be purchased at a higher cost, but it is worth if you prioritize being in the city's centre business districts: Levant, Meidiyekoy and Levent.
2. Turkish-style property for sale in Istanbul such as old apartment blocks and villas that are in prime location, go for steep price tags and come with limited facilities in comparison to new-build residences and luxury towers. However, they do monopolize some of the best spots in Istanbul with the astonishing views of the Bosporus making these properties the most expensive real estate in Istanbul concentrated in the areas of Bebek, Nisantasi and Şişli.
3. 'Urban Transformation' or urban regeneration property for sale in Istanbul that are a result of an initiative by the Turkish government to target homes across Istanbul that have been built illegally on hilltops and side streets with weak infrastructure and poor conditions and erect modern luxury residences instead. This successful initiative has been transforming the urban plan of Istanbul since its launch in 2004 with notable changes in areas like Bomonti in Sisli and many parts of Karakoy and Beyoglu, all city centre attractive locations that are handled by efficient developers adding real estate value and pristine to what used to be shanty developments.
Outskirts Property for Sale in Istanbul
The rapidly growing number of new Istanbul real estate projects on the outskirts of the city, reflect the attractiveness of these properties in terms of investment. They are priced much lower than city center properties and yield rental income of approximately 5% pa. prices are generally around $1,500 - $2,000 per square meter compared to a luxury home in ŞIşli where prices jump to $10,000 plus per square meter. These properties have an advantage over the ones in the inner city; as they are of extremely high quality and cutting-edge amenities and facilities leaving nothing else to be desired.
Istanbul's commuting infrastructure is ever developing to keep up with the city's rapid expansion. Transport connection projects such as the subway and METROBUS are subdued to improvements more than once a year making these "outskirts properties" as accessible and close as ever.
This metropolitan city is home to almost 16 million people of various nationalities, cultures and religions. With its unique combination of modernity, history and wealth Istanbul is where everyone wants to take advantage of what the city has to offer, especially in real estate. The values of Istanbul property have sky-rocketed to more than 240% over the period of 2004-2012; proving to be a leading real estate investment market on an international level and holding the first place in Europe.