Investing in Cheap Properties For Sale 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.
Properties bought below market value in luxury areas often see strong capital appreciation when the market recovers, if there has been a market downturn, or the area expands and becomes more sought after by high end buyers.
When a location sees economic or political unsettling it can affect prices, allowing investors to acquire premium assets at a discount during these times.
Buying luxury real estate cheaply can offer a stronger rental income potential relative to the purchase price, especially for short-term or vacation rentals. Plus the lower initial purchase price means a smaller mortgage or debt load, thus improving the return on investment (ROI) ratio.
Just because the purchase price may be lower than expected, high-end features can still include amenities like a pool, come with great views, security, or smart home tech, which are often expected with luxury properties.
Cheap luxury deals often require speed, cash, or special knowledge, reducing buyer competition compared to the typical mid-range properties.
Investing in cheap properties for sale in Istanbul, Turkey, can include luxury real estate, that is also has an appeal to international investors as well as local buyers, and can attract interest during boom times when cash is plentiful, increasing the potential exit gain when the time is right.
