Istanbul is one of the developed metropolises with reasonable prices comparing with other big cities in the world. It is also the only city that connects two continents Asia and Europe. Besides, it is one of the greatest cities in the world, at the crossroads of civilizations and a connection hub that you can reach most of the places around. Istanbul has recently become one of the world’s most popular tourism destinations due to its beautiful landscape, unique historical and archeological sites, exotic culture and modern infrastructure. So, there is quite a good option available to choose from with modern interiors and attractive resources nearby like malls, luxury spas, and hair salons.
Today Istanbul is considered the most important economic center in Turkey, providing about 25% of the Turkish national income, and contains nearly 20% of the population of Turkey's 84 million people. Having a property in Istanbul is one of the best choices in Turkey. So, you can both enjoy living in the city as well as you will have awesome rental possibilities and income prospects as an investor.
The price of living is quite low. Fresh fruits and vegetables are extremely cheap at the market. There are so many shops with cheap but stylish and high-quality clothes and home textiles. Many people come to Turkey with the purpose of buying local jewelry, leather and fur. Prices for most of the products and services are much cheaper than in Europe or USA.
Istanbul offering reasonable prices which makes this city very significant and ideal for foreign buyers. House values this low are practically unheard of in any large, reasonably developed global city like Istanbul. Because prices per square meter for apartments in Istanbul have declined dramatically in dollar terms. Thus, foreign property buyers may benefit from the really low prices of the real estate in Istanbul, as well as cost of living. Istanbul also has a great investment return in the form of rental income as most of the properties in the city offer 12 months rental potential.
Q: What is the population of Istanbul?
A: With more than 16 million Istanbul is the biggest city in Turkey and even bigger than any other cities in Europe.
Q: Is buying a property in Istanbul really an ideal investment?
A: In all terms it is profitable investment. Prices per square meter for apartments in Istanbul have declined dramatically in dollar terms right now. Real estate values is really low comparing to developed global cities in the world.
Q: Does Istanbul have a central location?
A: Actually, Istanbul is the only city that lies on two continents (Asia and Europe). We can easily say that Istanbul is a hub from where you can reach anywhere. Moreover, it is one of the greatest cities in the world, at the crossroads of civilizations.
Q: What is situation of the tourism industry in Istanbul?
A: Istanbul is one of the world’s most popular tourism destinations due to its beautiful landscape, unique historical and archeological sites, exotic culture and modern infrastructure. Many remnants of the Ottoman empire mingle with contemporary architecture, while dramatic natural wonders and tranquil vistas await visitors on both sides of the city.
Q: Can I use my credit cards for shopping?
A: Yes, you may use their credit cards and debit cards for all kinds of purchases in Istanbul. It is advisable, however, to carry some cash with you in case you take trips away from the city center or travel to smaller towns or villages.