Invest in Istanbul for Long-Term Growth Potential


As the world becomes more and more connected, there is a growing need for cosmopolitan cultural centres. Istanbul is one of these hubs that has experienced a resurgence in popularity recently. Situated on the Bosphorus Strait with both Europe and Asia at its doorstep, it's no wonder why Istanbul has been drawing visitors from all over the globe. In this article, Alistair Lockhart of The Turkish Property Agents will explore some of the reasons why you should invest in this beautiful city-state!

Istanbul is a shining beacon of hope for the Middle East, as it welcomes both European and Asian people from all around Turkey to invest in its diverse economy. Istanbul has been expanding rapidly over recent years with an influx of migration which brings great opportunity while also providing invaluable cultural enrichment.

The singular beauty of Istanbul is a direct result of its rich and diverse history. Boasting an impressive list of past rulers, the city has been home to peoples from all over Eurasia for as long as anyone can remember - including four empires! However, it wasn't until Turkey's declaration in 1923 that Ankara became their capital. And what does this mean for you? Well with so many different cultures living side-by-side, now might be your chance to invest in Turkish property.

The demographic is also promising. With a population of 15 million people, it's hardly surprising that Istanbul ranks as the country's most populous city - and this number continues to grow thanks to migration from all over Turkey. Young professionals make up 40% of the total population (aged 20-29), so you can be certain there are plenty of property investment opportunities. 

Istanbul is a buzzing metropolis with an enormous population that has been experiencing rapid growth. Istanbul's current estimated annual rate of 3.45% makes it one of the fastest-growing cities around the world, and should be on everyone’s list for travel destinations!

Istanbul is a city with centuries of history and culture. But, it's also continuously evolving as the population grows and new regions are developed to accommodate them all! New residential buildings in Istanbul come at every price point - from affordable apartments for professionals in the newest districts like Atasehir and Bahcesehir (with prices starting at $40k for 1 bedroom apartments) or luxury apartments and villas (with prices from $400k+). 

Alistair Lockhart, Director at The Turkish Property Agents comments, "If you're looking for a place to stay that will not only be exciting, but also profitable as well, the district of Sisli should definitely be on your list. This area is one of Istanbul's most expensive areas in terms of accommodation and it can provide great rental yields for property investors.” 

Located close to many cultural hotspots such as Taksim Square and Istiklal Street, this hustling-bustling zone leaves visitors feeling endlessly excited thanks to its contagious energy! You'll find yourself spending hours exploring all sorts of cuisines from Turkey when visiting this part or just relaxing with an afternoon tea at one those cafes lining pedestrian streets.

Another important project heralds long-term potential for the real estate sector in Istanbul - the Kanal Istanbul. This vast new canal will be 25 nautical miles long when completed and stretch parallel to the Bosporus. It will take traffic through the Marmara Seas in a more efficient manner is expected reduce pollution levels across Turkey. Whilst there are some environmental concerns, This $9 billion dollar project by Turkey has been met with applause from neighbouring countries. They see it as an opportunity for increased trade opportunities since Europe can no longer handle that much of their own shipping cargo.

Alistair Lockhart of The Turkish Property Agents adds, “If you're looking for a long-term property investment in Turkey, this is the perfect opportunity. The Turkish Canal Project will lead to an increased demand of waterfront property. Over the next 10 years there will be access to some prime real estate right on the water with gorgeous views overlooking the new canal.

The Turkish canal project sounds like it would be nothing short of incredible - especially when considering its potential impact on your wallet. When completed, there should also be plenty more investors trying their hands at buying up high-end properties near those waters.”

Invest in Istanbul for long-term growth potential. Visit Turkey to find prime real estate near the water and enjoy beautiful views overlooking its iconic Bosphorus Strait. The Turkish Canal Project will lead to an increased demand of waterfront property so don't hesitate or you might miss out!

Alistair Lockhart

Director

The Turkish Property Agents

71-75 Shelton Street, Covent Garden, London, WC2H 9JU

Telephone: 0044 (0) 207 206 2424

Whatsapp: +447807298614

Email: info@theturkishpropertyagents.com

Post a Comment

0 Comments