Is It a Good Idea to Buy a Property in Istanbul?
As a foreigner, you can invest on the Turkish real estate market and obtain Turkish citizenship. As stated in https://turkishcitizenshipinv.com/, you just need to ensure that your property investment is worth at least $250,000. If you can fulfill this criteria, you can get your Turkish passport. Even though the process of obtaining Turkish citizenship is convenient and easy, you will have to go through numerous challenges when you are trying to locate the best property to buy in Turkey.
When it comes to Turkish property investments, most investors turn their eyes to Istanbul. Continue to read this article, and we will share whether purchasing a property in Istanbul is a good idea to consider or not.
Is it a worthy to invest in a property located within Istanbul?
Yes, it is worthy for you to go ahead and purchase a property that is available for sale in Istanbul. Istanbul is the capital city of Turkey. Hence, you can find numerous opportunities available in and around Istanbul. For example, if you are a traveler, you will appreciate the idea of purchasing a property right in the heart of Istanbul. That’s because you can easily access the Istanbul Airport, which is connecting you to rest of the world. In fact, you can travel to both east and the west from a flight that you can catch in the Istanbul Airport.
If you can take a look at the real estate prices of Istanbul, you will notice how they have appraised along with time. Hence, you don’t have to worry too much about losing money out of your investment. After three years of holding the property, you can sell it at a higher price. On top of that, you will be able to keep your Turkish citizenship as well.
Things to keep in mind as you buy a property in Istanbul.
There are some important facts that you should keep in mind as you continue to purchase property available in Istanbul. Then you can overcome the traps and make sure that you receive the best investment that you can secure.
It is better if you can look around for a newly constructed property available in Istanbul. Then you can make sure that you don’t have to spend your money unnecessarily on repairs upon the purchase. You will be able to keep the peace of mind and decide to live on it. On the other hand, you can even proceed with renting out the property that you purchased, without having to spend extra money out of your pocket.
You should also focus on purchasing a property that is located in central Istanbul as much as possible. If you can do a historical analysis of prices associated with properties based in central Istanbul, you will figure out why. Even though you have to spend some extra money for purchasing a property located in central Istanbul, you will never regret about the idea because the price appraises rapidly along with time. Hence, you will be able to get the maximum out of your investment in the long run.
Seek expert assistance
Now you have a basic understanding about the purchase of a property in Istanbul. However, it is still possible for you to run into many challenging situations due to the lack of understanding you have on Turkish property. This is why you should be working with an expert, who can help you to buy your property and guide you throughout the migration process.