Welcome to the realm of real estate in Istanbul, where rich history meets modern aspirations. Explore a city that bridges continents and cultures, presenting a dynamic tapestry of investment potential.
In 2023, the number of foreigners buying real estate in Istanbul increased significantly. Istanbul, the cultural and economic hub of Turkey. Now real estate in Istanbul is in the leading position in demand due to its natural beauty, stable economy, and historical monuments of Turkey. Whether you’re looking for a second home, an investment property, or a permanent residence, Istanbul is an excellent choice. Most often it is purchased for capital appreciation or full-fledged residence. One of the important options available to you when you are ready to consider buying a property in Istanbul is to buy an apartment under construction, as its prices are cheaper than ready-made property.
Types of real estate
The variety of Turkish real estate will satisfy every need. As of 2023, this list includes apartments, penthouses, apartments in residential complexes, duplexes, townhouses, houses by the sea, luxury villas, commercial areas, and building plots. At the same time, the cost varies greatly and depends on location, communications, and area.
The average cost of housing in Istanbul reaches 1432 dollars per 1 square meter. Such data was published by the Central Bank of Turkey. However, the real situation is slightly different. 1 square meter of housing in remote quarters of the Turkish capital will cost $ 700, but in the central area, it will cost 1500 dollars. You can get acquainted with the real offers of real estate in Istanbul on our website.
Is it worth investing in real estate in Istanbul?
When we talk about the relevance of real estate investment in Istanbul, we should pay attention to the Turkish economy, which does not focus on specific industries. It is characterized by its stability and scale. On this basis, real estate investment in Istanbul is justified and with almost 100% probability will bear quick fruit. Analysts from around the world say that in 2023, all real estate in Turkey will grow by 30-50%. At the same time, the purchase of housing in Turkey opens migrants’ preferences in obtaining residence permits and citizenship. The location of the property is of great importance in influencing its price.More distinguished district of Istanbul contributes to the property being of higher value but its price is constantly rising as well.
Conclusions
Real estate in Istanbul is very much in demand, as well as in other cities of Turkey. The economy of this country is stable and actively growing, and the natural beauty and attractions annually attract tourists from all over the world. It should be noted that the purchase of any real estate for 75 thousand euros or more opens up the possibility for foreigners to obtain a residence permit and citizenship.
