This city, known throughout history as Constantinople and Byzantium, is the largest metropolis in Turkey and is considered the economic and cultural heart of the country. It is located in the Marmara Region and stretches across the Bosphorus Strait, with one side in Europe and one in Asia making it the only city in the world which spans two continents.
Istanbul is one of the most popular locations for foreign investors buying property in Turkey, and for many good reasons. Here are some of the features that attract so many buyers of property in Turkey to this beautiful city:
Newsweek called Istanbul one of the "Coolest Cities in the World," and in 2010 it was chosen as the European Capital of Culture.
The economy is currently very strong within the city. Many businesses are setting up their operations in property in Turkey in Istanbul and this brings a demand for housing and attracts people to the city.
Istanbul is absolutely overflowing with history and culture, with a rich heritage dating back to the Ottoman Empire. This makes it a very desirable tourism destination, and that means that property in Turkey located in or near Istanbul will have a high rental rate as short term holiday accommodation.
Istanbul has the largest number of universities in Turkey, with a total of 42 universities and 5 vocational schools. There are 3.8 million students in this city, and if you are looking to study abroad or bring your children up in a place where they will have many opportunities to learn, Istanbul is ideal.
Visiting your property in Turkey will be very convenient if it is located in Istanbul, as most flights arrive directly here. British Airlines and Easyjet offer direct flights from most European cities straight to Istanbul. There are also many other domestic flights within Turkey departing from Istanbul, making the city a great base for exploring the rest of the country.
Another reason to buy property in Turkey in Istanbul is that the infrastructure here is very modern and well developed. The brand new metro extends to the Sabiha Gokcen airport, and the city also has a railway, metrobus, tramway and an underground subway system. The new proposed developments to further improve the transport within the city will have a very positive impact on the prices of property in Turkey in this area.
Istanbul enjoys a Mediterranean climate, which means that it is very warm and pleasant for most of the year. The summers are dry and hot and the winters are mild.
The market for property in Turkey is especially strong in Istanbul, with low prices and a very strong growth expected.
These are just a few of the reasons why so many people are attracted to investing in property in Turkey in the city of Istanbul.
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