Istanbul is the largest city in Turkey and one of the most populous cities in the world. It is located on the Bosphorus Strait and spans two continents, Europe and Asia. The city has a rich history spanning over 2,500 years and has been home to various empires such as the Roman, Byzantine, and Ottoman. It is known for its stunning architecture, delicious food, vibrant culture, and bustling city life.
Istanbul is divided into 39 districts with each district offering its unique charm and character. The most popular districts for tourists and expats include Beyoglu, Besiktas, Kadikoy, Sisli, and Fatih. These districts are home to many of Istanbul's famous landmarks such as the Blue Mosque, Hagia Sophia, Topkapi Palace, Taksim Square, and the Grand Bazaar.
Buying property in Istanbul can be an attractive option for investors and those looking for a second home. The city's real estate market has been growing rapidly over the past decade, and properties in Istanbul continue to be in high demand. The city's strategic location, favorable climate, and booming economy make it an attractive location for property investment.
There are numerous options for buying property in Istanbul, including apartments, villas, and commercial properties. Prices can vary greatly depending on the location, size, and type of property. The most popular areas for property investment include Beyoglu, Besiktas, and Sisli.
Foreigners are allowed to purchase property in Turkey, and the process is relatively straightforward. Non-Turkish citizens must obtain a Turkish tax number, and the property purchase must be conducted through a notary public. It is advisable to hire a reputable real estate agent or lawyer to assist with the process and navigate any legal or bureaucratic complexities.
Overall, Istanbul is a fascinating and dynamic city with a rich history and plenty of opportunities for investment in the property market. With careful planning and research, buying property in Istanbul can be a sound investment and a rewarding experience.