Every time you invest in real estate, particularly in overseas properties, you don’t only invest in the specific house or piece of land because you also invest in the economy of that country and region at the same time. Istanbul is not only beautiful and rich in culture. It is also a wonderful region for real estate investment. There is a growing trend of investing in Istanbul Real Estate, and now is the perfect time for you to jump aboard.
Istanbul property types
Turkey is an interesting combination of West and East, and this is evident in the country’s architecture. Properties in Istanbul range from Ottoman townhouses with intricate details to contemporary European-style villas.
Traveling across Turkey is a feast for the eyes with the unique architectural styles in different regions. Thanks to the surprisingly varied climate of Turkey, available materials are historically different as well. Most houses on the Black Sea Coast and further north are constructed from wood. Homes in Central Anatolia, on the other hand, are made from sun-dried brick. Stone construction is common in the southern and western regions.
Below is a quick rundown of the best and most common types of properties you will find in Istanbul:
Ottoman townhouses
Traditional Turkish houses of Ottoman type are not often up for sale outside Istanbul, but these can be seen around historic towns such as Safranbolu. These generally have two to three stories of wood and stone constructions. Ottoman townhouses tend to be more intricate if their original occupants were richer.
Yali
A yali is a type of seaside mansion that normally dates back to the Ottoman period. These are among the most exclusive kinds of Turkish houses that come with high prices. A yali is usually rather spacious with gardens surrounding it with elaborate woodwork details along the gables. The central hall of a yali has a domed roof with a raw of bay windows. This fills the house with the sea’s cooling breezes, most of which were constructed as summer residences.
Ahşap evler
These are wooden houses specifically common in Black Sea region. Its traditional style is a simple detached house with two storeys. Many of these homes now feature modern styles with plenty of light thanks to their large windows.
Seaside villas
Seaside villas adorn the cost of the Aegean and Mediterranean shoreline. It is a quite an international style that resembles those you might see in Italy or Greece. Stone constructions are more dominant with outdoor spaces such as balconies where you can bask in the weather and enjoy the scenic views of the hilly regions.
Apartments
Probably the most common type of property in Istanbul, apartments are perfect if you are looking for a turn-key property. The lack of outdoor space aside from balconies means a lesser need for maintenance. Apartment buildings found in cities usually have shops or similar commercial premises on their ground floor.
Penthouses
Penthouses are unique apartments located on the upper floors, usually on the upper floors of skyscrapers and high rise buildings in cities. Its primary is that outer walls of four sides are glass-made, offering a panoramic view of the city from high altitudes. The main feature of penthouses is that they extend over the entire building. Since there are no neighbors on the floor, occupants can enjoy complete freedom of luxury-like living.
Share ownership apartments
Also called time-sharing, it means that you will be the owner of the property for a certain period every year. It means that you can use the property over a specific timeframe. With the time-sharing system, you will own a residential unit like a house, apartment, villa, or chalet. The property will be registered under your name for good, and you are free to use this for a set period every year.
Homes with Bosphorus view
The shores of the Bosphorus are probably the most sought-after place to purchase an Istanbul property. Most luxury houses found dotting the shoreline are preserved Ottoman mansions. But, even if the house is not a preserved Ottoman mansion, the fact that there is a view of the Bosphorus increases the value of the property
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