How to buy luxury real estate in Istanbul, Turkey as an investment
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.
Buying luxury real estate in Istanbul, Turkey for personal use or as an investment will be down to each individuals and investors financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
Luxury properties such as homes can be purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.
As an investment though, rental income short or long, can yield high returns in luxury markets, especially homes purchased in high-demand locations.
High-net-worth individuals worldwide are often interested in luxury properties in key cities such as located in Istanbul, Turkey, and this international buyer demand can keep property values stable or even rising.
While demand for luxury real estate is always present, finding how to buy luxury real estate in Istanbul, Turkey as an investment, will alter as economic changes both locally and internationally take affect, and legal paperwork for an international investment can be more complex, the drivers still remain.
If considering buying luxury real estate in Istanbul, Turkey for personal use or as an investment, always perform due diligence and use lawyers to manage the purchase agreements.
