Posted on July 5th, 2012
Several years ago, it would have been extremely hard to purchase an Istanbul property if you don’t own a company or business within the country. Well, things have changed in the recent years because of the approval of a new property law. The need to put up a company in Turkey is no longer a requisite to invest on real estate properties. With the approval of this new law, it also gave birth to the increasing number of real estate agents and companies in Istanbul. Similar to other countries with major vacation destinations, an investment in Turkey holiday homes is a good choice. This is because you can have the property rented when it is not in use. Most of these properties are sold in reasonable prices and aside from having a beautiful holiday home you can also have another source of income. Choose a good location in Istanbul, and your investment is worth the money.
It’s quite easy to make a mistake when buying properties in Turkey for sale. As an educated and wise investor, you must determine the available options in the market. Finding the right price, development, and place is vital because these factors can give you better rental income just in case you choose to purchase rented apartments or townhouses. The location of the property can make or break your goal to earn rental income. Always keep in mind that most of the population in Istanbul consists of the younger workforce and the single immigrants. These people need rented apartments or townhouses at a reasonable price. Check out some of the properties below and you will surely make some money:
1. Kusadasi Spa Village Resort – There are investors that prefer a luxurious lifestyle. If you’re one of them, you can choose this 5-star investment. If you choose this option, the Aegean coast property can range from £36,000 to £64,000. A great advantage of this type of investment is that you can expect a 7.5% yield every year through the 10-year rental guarantee. For those who love thermal springs and all other amenities that come with a spa resort, this is your best bet.
2. Onalti Dokuz – this is where you can choose residential apartments with panoramic views of Bosporus and the large city. You will also love landscaped and social areas, kids’ playgrounds, sports area, hairdressing salons, shoeshine parlors, restaurant, gym, pools, and shopping area. The apartment is also close to Taksim, Sirkeci, and Yenikapi Port. Prices usually start at around £500,000.
3. Sport City – There are only a few remaining properties since the first phase has been sold out, so hurry if you’re interested in Sport City properties. This is an ideal choice for investors looking for buy-to-let properties. Funding is not a problem since you can readily apply for mortgage especially if you want to purchase 2 or 3 units.
Even if you’re not from Turkey, you can easily find property overseas for sale. You can simply work with reputed agents of overseas properties, and you will have access to the best deals in the market.
Tags: Investment In Turkey, Istanbul Property, Properties For Sale Turkey, Properties In Turkey For Sale
Filed under Investment In Turkey, Istanbul Property, Properties For Sale Turkey, Properties In Turkey For Sale |
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