Istanbul has seen a surge in popularity among foreign property buyers in recent years, and for good reason. This article delves into the various benefits of purchasing property in Istanbul, including real estate price trends, sales and rental prices per square meter in different districts, and a comparison to other major cities around the world. One of the most notable advantages of buying property in Istanbul is the relatively low prices compared to other major international cities such as London and Paris. Furthermore, property prices in Istanbul have been steadily increasing, making it a smart long-term investment.
Istanbul also offers a wide range of options for property buyers, from small city center apartments to larger suburban homes and even villas in the countryside. Popular districts for foreign buyers include Beyoglu, Sisli, and Besiktas, where a variety of properties at different price points can be found. Additionally, the city offers attractive rental yields, with average rental prices per square meter around $10-15 and yields as high as 5-6%.
Another major advantage of buying property in Istanbul is its location and connectivity to the rest of the world. Istanbul acts as a bridge between Europe and Asia and has become a popular destination for both business and tourism. The city boasts two major airports, Istanbul Atatürk Airport and Istanbul Sabiha Gökçen Airport, that serve as the main gateway for international travelers. Additionally, Istanbul is home to many international companies, making it an ideal place to live and work.
In comparison to other major cities, Istanbul offers a more affordable cost of living while still maintaining a high standard of living. Everyday expenses, including housing, healthcare, and transportation, are relatively low, allowing for a higher quality of life. Additionally, Turkey’s culture, history, and natural beauty make it an interesting place to live and explore.
In conclusion, buying property in Istanbul is a great option for foreigners. The city offers relatively low prices compared to other major international cities, a wide range of property options, attractive rental yields, and a great location and connection to the rest of the world. Additionally, Istanbul provides an affordable cost of living while still maintaining a high standard of living. With all these advantages, Istanbul is an ideal destination for those looking to invest in property and experience the benefits of living in one of the world’s most fascinating cities.
