Istanbul is a beautiful city that sits on the shores of the Bosphorus strait, offering breathtaking views of the sea. With its rich history, vibrant culture, and stunning scenery, it’s no wonder that coastal properties in Istanbul are highly sought after by both locals and foreigners. In this blog, we will look closer at the coastal properties in Istanbul and why they are worth investing in.
Istanbul’s coastal properties are located in various city districts, including Bebek, Arnavutkoy, Ortakoy, and Sariyer. These areas are known for their beautiful scenery, lively atmosphere, and luxury lifestyle. In addition, they offer easy access to the city’s top attractions, including restaurants, cafes, shopping centers, and cultural landmarks.
Coastal properties in Istanbul are generally more expensive than properties located in other parts of the city. The average price per square meter for a coastal property in Istanbul can range from $3,000 to $10,000, depending on the property’s location and quality. The higher prices are due to the high demand for these properties and the limited supply.
Investing in coastal property in Istanbul can be a wise decision, as the city’s real estate market has consistently grown. According to the Turkish Statistical Institute, real estate value in Istanbul has increased by 145% in the last decade. Furthermore, the demand for coastal properties is also expected to increase in the coming years due to the city’s growing economy and rising number of tourists.
Furthermore, the rental Income:
Coastal properties in Istanbul can also generate an excellent rental income, especially during the summer when the city is filled with tourists. In addition, many property owners rent out their properties in the short term, which can provide a high return on investment.
In conclusion, coastal properties in Istanbul are a highly desirable investment due to their prime location, potential for capital appreciation, and rental income. In addition, they offer a luxury lifestyle and stunning views of the sea, making them an attractive option for both local and foreign buyers. However, it’s essential to do thorough research and work with reputable real estate agents before making investment decisions.