Istanbul is a city that has seen significant growth in recent years, and this trend continues as more and more foreigners discover the many advantages of buying property in Istanbul. In this article, we’ll take a closer look at some of the reasons why buying property in Istanbul is a great idea, including real estate price trends, selling prices per square meter and rental prices per square meter. square meter in different districts of Istanbul. We will also compare the real estate market in Istanbul to that of other major cities abroad to give you a better idea of what to expect.
One of the biggest advantages of buying property in Istanbul is the relatively low price compared to other major cities abroad. The average price per square meter in Istanbul is around $2,000, which is significantly lower than other major cities such as London and Paris. Moreover, real estate prices in Istanbul have been rising steadily in recent years, making it a wise long-term investment.
Another benefit of buying property in Istanbul is the wide variety of options available to buyers. Whether you are looking for a small apartment in the city center, a larger apartment in a suburban area or a villa in the countryside, you will find it all in Istanbul. The city is divided into different districts, each with its own unique character and attractions. Some of the most popular areas for foreigners include Beyoglu, Sisli and Besiktas, where you can find a variety of properties at different prices.
When it comes to renting properties in Istanbul, the city offers attractive rental returns. The average rental price per square meter in Istanbul is around 10-15 dollars, while rental yields can reach 5-6%. This makes Istanbul an attractive destination for investors looking to earn passive income.
Another advantage of buying property in Istanbul is the location of the city and its connection to the rest of the world. Istanbul is a bridge between Europe and Asia and has become a popular destination for business and tourism. Istanbul’s two airports, Istanbul Atatürk Airport and Istanbul Sabiha Gökçen Airport, are the main gateways to the city for international travelers. The city is also home to many international companies, making it a great place to live and work.
In comparison to other major cities, Istanbul offers a more affordable cost of living and a higher standard of living at the same time. Relatively low prices for everyday items, housing, healthcare, and transportation can help stretch your budget further, while allowing you to enjoy a high quality of life. Plus, Turkey’s culture, history, and natural beauty make it an interesting place to live and explore.
