Buying Luxury Property in Istanbul, Turkey as a Rental 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 a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.

As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.

The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.

A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.

Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Istanbul, Turkey, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.

When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.