Updated at 8 April 2016: Turkey can be considered as a best investment for property. It is especially true if you are looking for an apartment for sale in Istanbul. Lots of buyer can be seen from overseas due position of euro in terms of dollars and pounds. Now-a-days, Istanbul has become a preferred location for holiday. Flight for the country can be achieved directly without any break. Beaches of the country have been inviting travelers from all over the world.
Due to increase in amount of tourist, lodges and resorts are built to make place for them. However, rates of the property are quite low in comparison to its demand. Guest house can be created quite easily by renovation of these houses. Input of capital has been observed in larger number as a result.
Location of the country is quite comfortable as it resides between Asia and Europe. Extended coastline is one of draw of the place. Popularity has risen to sky with the apartment for sale in Istanbul. Investors have been flocking in the coast of south western region. Both the Mediterranean and Aegean Coasts are quite loved by the investors. Various opportunities for apartment sale in Istanbul can be observed due to huge population as well. Properties are made available at an affordable price. It is possible to achieve an apartment with one bedroom in £25.000. For two bedrooms, prices are doubled with £ 50,000.
Enquiries about an apartment for sale in Istanbul have been increasing according to the mortgage brokers. On the other hand, a decrease has been seen with the apartment sales in Spain. With the surge of demand, price of the property has increased about 18%. However, it remains quite cheaper in comparison other cities of the world. Laws have been changed in the country to make a place for the buyers from overseas. As a result, Istanbul has come across as a lucrative option for the buyers.
In order to keep alive the market of real estate, Istanbul requites investment from foreign countries. At least 25% of deposits are taken upfront. The clause is relaxed in case the loans are obtained in Euros. In this way 100% of property value can be borrowed easily. However, there are few problems with the Turkish laws. Therefore, it is always better to seek legal advice before signing a contract for property.
Apartment for sale in Istanbul can be finalized with verbal confirmation. However, it is necessary to provide a reservation in the beginning. In this situation, title deed can be asked for better result. License must be checked in order to come to a conclusion with the purchase. If there is a tax issues then it must be solved immediately. Registration must be done through local office. Transaction of money can be concluded through opening an account in the bank. Associate price must be considered while deciding the budget of the property.
Through a property in Istanbul, profits can be reaped in the future quite easily. Value for investment can be ensured in the process.