Istanbul is a preferred destination for tourism in the region, as well as a booming destination for capital and investment, especially real estate, so many foreigners – investors and tourists – want to buy cheap villas in Istanbul for various purposes such as tourism, housing, and investment during 2017 and 2018.
What are the encouraging reasons for buying a cheap villa in Istanbul?
The investment return in Turkey varies according to the type of property, the lease period and the real estate features such as (location, area, quality, and surrounding facilities.) Rental income for villas is estimated at between 7 and 12%, while tourism rents are estimated at 16 to 20% of the property price. If the villa is owned before the completion of construction and contracting, then selling these villas after the completion of the project, the return on investment is not less than 12%.
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AuthorReal estate in Turkey is an informative blog that is dedicated to shot a light on the major sector of real estate in Turkey; with its stunning beauty and elegant urban design. Archives
May 2019
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