The luxury real estate market in Istanbul is thriving. With the surge of foreign homebuyers because of the Turkish citizenship by real estate investment program, the demand for luxury homes in Istanbul has skyrocketed.
Istanbul already tops the list for the city with the most house sales in Turkey time and time again. According to Tuik, 12,406 houses were sold in June of 2024 in Istanbul, making it the city with the highest house sales that month.
The beauty, rich history, and strategic location of this city make it the most desirable among foreign investors seeking luxury homes in Turkey.
If you are a foreigner searching for the ideal luxury real estate in Istanbul, we can help you find the best one with our detailed guide on what to consider before making the purchase. Let’s get started.
What To Keep In Mind When Buying Luxury Real Estate In Istanbul
Research The Location Before Buying
If you already have an eye on a home, it is best to research and consider its location before making the final purchase. Luxury homes in upscale areas such as Bebek, and Nisantasi are always in higher demand and tend to hold much higher resale value over time.
Locations with robust infrastructure only add to the value of the home. This includes facilities like ATMs, restaurants, high-end malls, cafes, etc.
Connect With A Professional Real Estate Consultant
Real Estate consultants are experts in the Turkish real estate sector and offer the benefit of presenting you with an extensive portfolio of elite properties for you to go through. They essentially help you expand your search and offer their in-depth knowledge of this sector to guide you on the resale value and investment potential of properties.
You can explain your requirements for the property to your consultant so they can give you personalized services and offer you the best options.
Don’t Just Go With Property Photos
It's always better to visit the property yourself and have a good look at what it has to offer. Some properties don’t look that good in pictures but are brimming with potential in reality.
Checking the home out for yourself will also give you the chance to explore every corner of it and decide if it represents your personality and also get a feel of its area.
Take Your Time and Go With Your Preferences
Take the time to note down exactly what you want in your luxury home since you will be paying a hefty price tag for it. Don’t make quick decisions, as it can cause you to regret later.
Whether you want mesmerizing views from your balcony, a private garden, or a peaceful location, decide all this beforehand so you can base your search on these details.
Go with a property that perfectly fits your expectations and preference and avoid going with trends as they can fizzle out pretty quickly.
A sophisticated property in Istanbul with timeless aesthetics is always a great investment opportunity and will give you the best value for your money.
Bear In Mind Costs Such As Maintenace
Luxury homes require a lot of upkeep and it is best to consider this when getting ready to invest in one. The opulent lifestyle these properties offer can be quite impressive but don’t get too distracted. Since these homes have several premium features, they require a lot of expensive upkeep.
Make sure you ask your consultant about this so you get an idea of how much your maintenance costs will be once the property becomes yours.
Consider the Deluxe Amenities
The deluxe amenities in an elite property can boost its value in the market and make it more desirable. Decide all the features you want in your home beforehand.
Some of the deluxe amenities in these properties include home theatres, game rooms, and swimming pools.
Most of the latest developments in Istanbul even come equipped with Smart Home Technology which links with all your appliances and devices to help homeowners control them remotely.
This includes everything from the lights, the sprinklers, intercom systems, etc.
Ensure That The Home Is Furnished With Top-quality Materials
The longevity of your home should be of prime importance as a luxury home investor. Pay close attention to all the details in the home and ensure that it has been constructed with premium materials.
An eye-catching property made with low-grade materials will cost you in the long run.
Additionally, make sure the property has unique aspects in terms of design and interiors that will make it stand out.
Putting An Offer
The last step is to make an offer on the luxury property that fits your expectations. Now is the time to sit down and talk with your agent. They can help you compare similar properties and give you crucial market insights and assist you in deciding your conditions as well.
Your agent can help negotiate an attractive deal for you. Be flexible but make sure you stick to your budget.
To conclude, buying luxury real estate in Istanbul is an exciting process but it is still a massive commitment. This blog makes sure you have all the right knowledge to kick-start your search.
Explore Luxury Real Estate In Istanbul With Us
We have a team of trained individuals with your best interest in mind to help you in your property-buying journey. You can reach out to us anytime for any questions, information, or assistance. We can present you with the best of the best luxury real estate options in Istanbul.
You can expect:
- An in-depth consultation with our multi-lingual team.
- A massive luxury property portfolio with a diverse range of homes to choose from.
- Assistance with all the paperwork and legal processes.
Contact our team and find your perfect luxury home with us.
