One of the fastest growing cities of Turkey, Istanbul is the main place in the meaning of economic, historical and cultural. It is also one of the most crowded cities in the world, however, it differs from the others with its special feature; it connects two continents (Europe & Asia). Many investors are interested in buying property in Istanbul, if you are also interested in the issue, we bring out 5 reasons why you should invest in Istanbul.
1) CENTER OF TOURISM
Istanbul has ranked as the 6th most popular destination in the world and the number of the foreign tourists increase day by day. This is a very modern, vibrant and unique city that includes many beautiful heritages such as Topkapı Palace, Hagia Sophia, The Blue Mosque, the Galata Bridge, the Grand Bazaar. Most of the tourists prefer to explore the amazing Old Town (known as Sultanahmet), Taksim Square, Istiklal Street and the list goes on and on. Istanbul has become a very popular city thanks to its fancy restaurants, luxurious hotels, cosy local cafes and great bars, historical buildings. It’s a world city that offers a variety of special features for you.
2) THE ECONOMIC GROWTH
The economic situation has showed more stability when compared to the previous years and Istanbul is accepted as the economy capital with its economy that exceeding $ 200 billion yearly. The finance industry’s gaining speed has helped Istanbul become more powerful globally. Turkey’s real estate market is expected to rise more and more thanks to the growing economy which means that the rents and the prices for the properties will grow.
3) THE DEMAND FOR REAL ESTATES
As mentioned above, the economic growth is a big advantage for those who want to invest in Istanbul since the city has one of the most attractive investment markets. We should highlight the fact that it is time to invest in Istanbul; the elaboration of the real estate finance system, the new modernly-built apartments and villas, the developing technology have developed a new understanding of the real estate market.
4) SPECIAL AND UNIQUE LOCATION
Like they say; “East Meets West”, this is what makes the city that special and unique actually. Istanbul is a junction point that divides the European and the Asia sides of the city. It is an influential factor for those who consider buying property in Istanbul since it effects the real estate market in a positive way.
With the modern transportation, Istanbul is easy to be reached from almost everywhere. Two international airports, two bridges crossing over Bosphorus and the other transportations show that the city plays a significant role. Public transportation (by bus, train, tram, taxi, ferryboat, ship, airport, transit passes) has improved in recent years.