Although the name Istanbul conjures up images of mysterious and ancient history, this city is a vast European metropolis as well as an Asian location. An increasing number of people, both in Turkey and elsewhere on the continents of Europe and Asia are searching for houses for sale in Istanbul. These people are young professionals as well as foreign investors. A third group is interested in this city as a location for retirement or vacation property.
The influence of Asia and Southern Europe is reflected in the housing styles. With a choice of many areas in the city, buyers can find a suitable space, as long as it is in line with the general architecture of the region. Spaces that take advantage of the climate and the concept of villas, as opposed to styles from Northern European countries are typical.
The climate of this part of the world is best described as the Mediterranean, with hot summers and mild winters. This makes the property in Istanbul attractive to foreign home buyers such as Russians and northern European countries. Russian buyers are keen on apartments in Istanbul. Despite Russian and European buyers, Middle Eastern buyers look for Istanbul villas as their second home in Turkey. The downside to the location is that it can be quite humid. Most mornings are foggy, especially in neighbourhoods that are closer to the water or coastline.
Foreign real estate ownership has been made simpler in the last three to five years. Mortgage rates have been reduced, bringing homeownership into the reach of more residents. The excitement of the economy is a benefit in bringing tourism to the city and country, but it also results in housing prices that are certain to rise. Foreigners can buy and own property in Turkey and can do so in their own name.
Owning property in the city is promoted by the fact that reaching here is a short flight from most European locations. This makes a weekend visit or a longer holiday quick and easy. You won't spend all the holiday time just getting to your preferred location. There is a variety of public transportation within the city, as well as easy connecting flights to coastal resorts within the country. Residents can enjoy markets, museums, cultural events and historical points of interest in the ancient city.
When you are searching for Istanbulhouse for sale, there is much to promote the city as a relocation or investment site. The economy is strong and vibrant. The infrastructure is satisfactory with growth planned for the future. The cost of living at present is similar to that of Spain in the 1980s.