Foreclosed and Distressed Investment Properties in Istanbul, Turkey
Straddling two continents, Europe and Asia, Istanbul is Turkey's largest, with 16+ million people, and most charismatic city. The Bosphorus Strait divides the city in to two, and forms a crossroads that connects East to West.
Situated in Turkey's Marmara Region, in the northwestern area, Istanbul is seen as the economic, cultural, and financial center of Turkey, with Istanbul Airport (IST) being listed as one of the world's largest and busiest airports.
Istanbul has a strong economy that supports a high demand for premium real estate, particularly in upscale neighborhoods like Bebek, Nisantasi, Etiler, Levent, and Bosphorus waterfront areas.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
