5 Reasons You Should be Buying Property in Istanbul

4 mins read

Buying Property in Istanbul: Hagia Sofia

When it comes to global investment potential, there’s only one contender for the biggest fish in the Turkish property pond. For many investors, buying property in Istanbul is first on the agenda, for a whole range of reasons from capital growth to mega projects in the offing.

Istanbul has always been a city at the heart of trade and culture between the East and West. With world-famous architectural monuments and building projects creating new investment opportunities, it’s not hard to see why property for sale in Istanbul is such a good investment. It might not mean long days spent lying on beaches, but buying property in Istanbul is a great option nonetheless.

So, why should you think about buying property in Istanbul?

The Growth Potential

The property market in Istanbul is growing, making this a great time to invest in property for sale in Istanbul if you’re looking to invest in a property with a strong return on the sale. Buying a property in Istanbul at the moment gives you a reasonable chance you’ll make a profit should you decide to sell.

Whilst sale value isn’t the only reason you might want to buy in one of the most beautiful cities in the world, it certainly doesn’t hurt. Istanbul might have a long and storied history, but it’s still a newcomer on the real estate market; buying property in Istanbul is, therefore, a better investment than you might find in cities like Paris and London.

Buying a property in Turkey is a quick and easy process, and with Istanbul likely to continue on its economic growth trajectory, it’s a great choice for investors.

Selling for a Profit

You might not necessarily want to think about this while you’re still property hunting, but with people buying and selling property at an increasingly regular pace, sales potential is important. If you’re buying property in Istanbul, you can be assured that you’ll be able to sell it easily when the time comes.

If you hold onto the property for over five years, you’ll also save on capital gains tax, which is a huge boost to anyone hoping to invest in property for sale in Istanbul. The growing market, twinned with the incentives to buy, and the current plans the Turkish government have to grow the national per capita income so it’s more in line with Europe, means there’s never been a better time to buy.

All in all, if you are interested in buying property in Istanbul now is the time to look into it.

Buying Property in Istanbul: Financial District

New Developments

Istanbul is home to many new development projects, particularly on the outskirts of the city. Growing suburban areas have access to the shopping and the nightlife in the centre of the city, while also being removed enough that you’ll be able to sleep soundly in the evenings.

Property for sale in Istanbul neighbourhoods like Beylikduzu offer luxury stand-alone property, close to the seafront, in a locale that won’t see you dealing with noise pollution through the night. Meanwhile, there are several apartment developments offering services and amenities on your doorstep as well as good connections to the city.

If you’re looking at buying property in Istanbul, these developments offer the best of both worlds.

Infrastructure Investment

Not only is a third airport planned to open in 2028, but Istanbul is seeing a huge investment in roads, public transport, transport links and bridges. If you’re thinking of buying property in Istanbul, you can be assured that this investment will make sure the city runs smoother than ever by the time you come to sell up.

The incoming third airport in Istanbul will keep flights to and from the city low, and make it easy to commute to other cities in Europe when the need arises. A well funded and efficient infrastructure is vital in attracting a global population. Wherever in the world, you might be from, buying property in Istanbul is a great option.

History, Tourism, and Business Potential

The city of Istanbul, with its’ rich history through the Byzantine and Ottoman Empires, is one of the most popular tourist destinations in the world. For investors, buying a property in Istanbul not only gives you a property you can spend the summers but also a good business option. While many buyers never rent out their new homes, it’s always worth considering when you’re buying in a popular tourist destination.

Of course, choosing to rent your property out isn’t the only way to take advantage of business opportunities in Istanbul. Istanbul is the economic, business, and financial heart of Turkey, and with the investment being poured into the city it’s only going to grow in the coming years. A future financial centre the size of wall street means that anyone buying property in Istanbul will likely see the value of their real estate increase.

Whether you’re interested in buying property in Istanbul, Bodrum, or Fethiye, take a look at our selection of property for sale in Turkey! Please don’t hesitate to contact us for more information. Happy house hunting!

About Natalie

Natalie is a dedicated real estate professional currently working at Spot Blue International Property. With over a decade of experience in the industry, she has acquired a wealth of knowledge and expertise regarding global properties.