When we are about to start talking around Istanbul home and it’s appealing market, better to start with some background about this city and find it out how reasonable is it to invest there?
With one side reaching out to Asia and the other one to the Europe, this old capital of Roman & Byzantine and Ottoman is the only Metropolis in the world built on two continentals. There are numerous potentials in Istanbul causes it to be the most attractive investment center and makes Istanbul home market one of the most preferable one to buy property.
To be honest, Istanbul is the number one city in Europe in order to capital growth. Affordability of Istanbul home prices attracts many lovers in comparison with other European. The statistics show that overseas buyers bought 40.000 homes in Istanbul in 2018. On the other hand the governmental rules say to choose a home in Istanbul or other cities of Turkey can lead you to get the Turkish citizenship. The purchasing costs of investing in Istanbul home market like the other cities of Turkey is remarkably lower than other countries. Title deed tax is only 3% of the original property value and other costs like translation services, lawyer and the agent’s price also are quietly affordable.
As a pleasant conclusion, the last reason is the intense competition between developers which caused a wide variety of homes in Istanbul with great quality and design. The result of this competition is lower price and different styles of homes in Istanbul. Private villas, spacious penthouses with several bedrooms, luxury apartments and studio flats of course fitted to your needs and budget are available in Istanbul home market.