Profitable Purchase Of Real Estate In Istanbul

It’s rather easy to buy real estate in Istanbul profitably because the property in the city is in high demand. According to the data, the average price increases by 80% per year. It’s a very high indicator. There is no European country that can offer so high investment income. Moreover, investors can add some money while renting out the real estate.

What To Buy In Istanbul

There are many offers of real estate in Istanbul that’s why investors can find something in compliance with their financial features and demands. These property types are available for sale:

1.   Apartments. There are variants with one or more bedrooms. Moreover, it’s possible to find apartments with several bathrooms. Some of them have their own terraces.

2.   Villas. This is a separate house in the suburb. It can consist of 1, 2, or 3 levels. There is different infrastructure in the own area like a swimming pool, a garden, a parking, and so on.

3.   Townhouse. It’s like a villa but the land is and the size of the house is less.

It’s possible to find real estate of the economy and premium class.

There are districts for local residents where foreigners are prohibited from buying real estate in Istanbul. This opportunity appears just after getting Turkish citizenship. It can be bought by investing at least 400,000 euros in real estate at the cadastral value of the object. It’s possible to invest in one or several objects.

Advantages Of Buying Property In Istanbul

There are several reasons to buy property in the city.

1.   High investment income. The cost of real estate is growing rapidly due to the high inflation rate in Turkey.

2.   The feature to get a residence permit or Turkish citizenship.

3.   Getting additional income from renting out real estate.

4.   The security of foreign capital. Turkey is interested in foreign investments, and Turkish laws protect foreign capital.

5.   The city is actively developing. It is considered the economic, cultural, and political center of the country.

6.   The real estate purchase procedure is simple and fast.

7.   The cost of real estate in Istanbul is lower than in most other European tourist cities.

8.   A large number of options on the market.

An investor can buy a property under construction or already built. If you buy a property under construction, you can save money. Many developers offer interest-free installments until the end of the construction period. Stay Property is a reliable developer who has several major projects in Istanbul. You can contact specialists to buy real estate that meets modern construction standards.

If you do not have enough money to buy the property you need, you can contact any Turkish bank for a mortgage. Stay Property specialists are ready to help at any stage of cooperation.