Istanbul Apartments for Rent and Sale

Property Investors Turn to Turkey - Promising Real Estate Market

2010-07-11T09:57:00.000-07:00

Here is an article in Financial Times about the interest in Europe for buying property in Turkey. The article suggests that the rental yields in Turkey are around 5,48% and this is higher than in comparable markets in Europe.

There is even an example of a development in Beylikduzu that is marketed by Experience International and the property investors are protected by a rental guarantee of 7.5% during the first 2 years. However, the right question should be "what happens after those two years?"

Assuming there is a reasonable supply-demand ratio in a market for both hi-end and low-end properties, the luxury properties usually have lower yields. For example, if there is only a few hi-end developments in a city and there is more demand, the prices will go up and luxury properties will yield better prices than others in a city. However, there is enough of both types of properties in Istanbul. And, as it is the case anywhere else, luxury properties have lower yields.

Yield is one part of the equation where the capital gain is the other important factor. So, the right question here is if you decide to sell this property in Beylikduzu after 2 years, will you be able to sell it for more than you bought? For the same amount, less or more? This depends on how much you paid, if there is demand at the time you try to sell and how quickly you will want to liquidate.

The article mentions an interest rate of 4.05% per annum with a loan to value of 70%. So, if you make an investment where the yield is around 5% and the interest is 4% you make some money out of this. But, what if you can't sell the property for the same price? These rental guarantees are usually built into the selling price giving the developer a higher margin to finance the future payments.

It all comes down to the location and sales price. Beylikduzu is a neighborhood outside of city center of Istanbul which is approximately 30-45 minutes by car. There are a lot of other developments in the area so we will need to know how much stock there will be in a couple of years and how many people wants to live in Beylikduzu.

Also, once the rental guarantee is finished, it may be very difficult to find a property manager to take care of the property and rent it out on behalf of the owner.

Articles like this may intend to show the strength of a city but it is not that easy to go ahead and make a purchase that will be profitable in the long term while providing peace of mind and positive cash flow.

I will suggest investing in the city center of Istanbul where there is always more stable demand and practically no increase in supply since there is nowhere to build new developments at a considerable rate. These properties offer similar yields, better capital gain potential and quicker liquidity.

Take a look at the article, it is an interesting read that suggests the bearish outlook of the Turkish real estate market.

Luxury Serviced Apartments Throughout Istanbul - Asian and European Sides

2010-07-07T06:08:00.000-07:00

For business travelers coming to Istanbul, there is a wide range of options in Istanbul. There is nice post on the Istanbul Turkey Apartments blog about several luxury serviced apartments options throughout Istanbul. The listed properties include those both on the Asian and European side of Istanbul.

Corporate managers like Manzara are listed on site along with smaller property managers like Manzara Istanbul and I'zaz in Beyoglu.

Noa is also another property manager which is actually the management subsidiary of a development company. They seem to start renting out apartments for daily and weekly basis. This can be a good alternative if you are looking to stay at a central location within close proximity to many restaurants and bars.

The Asian part of Istanbul has been expanding rapidly with many industrial areas attracting foreigners for Short to medium terms. There are several good options listed in the article if you will be staying on the Asian side of Istanbul.

A further post with options on economic accommodation options is set to follow.

Serviced Apartment Industry in Istanbul

2010-05-20T18:38:00.000-07:00

Istanbul Turkey Apartments blog provides some unorganized text taken out of a business plan prepared for investment funds interested in creating a branded serviced apartment chain in Turkey. It is basically about the serviced apartment industy in Istanbul.

The text is interesting in some ways; not only because most of the concepts outlined are specific for Turkey, they can probably be apllied anywhere in the world. Marketing concepts are creative but not specific to Turkey. The data about the competition in the market is deleted along with most other parts of the plan.

The growth timeline is the only part of the business plan that gives an idea of what is possible in the serviced apartment industry in Turkey. Unique selling point is very interesting where it suggests upholding the principles of hygiene, safety and hi-tech equipment.

It is completely true that the serviced apartment industry in Istanbul and Turkey is under-penetrated and presents an early-mover advantage. A good investment and property manager with local experience can work together with foreign investors to develop and manage property investment portfolios with limited downsides and significant profit potential. 60 months is also a very reasonable period not only to create the leading serviced apartments brand in Turkey but also to build enough brand recognition to obtain the highest possible valuation during the exit.

I'd also like to note soem of the several problems with the current competitors making the investment idea a homerun for newcomers;

Most of the competitors in the market suffer from low capitalization and have limited number of units under management. Of those, who have easy access to capital, they choose to remain in the high-end part of the industry which results in focusing on only a small part of the market that are high-income travelers seeking upscale accommodation options.

Some competitors have portfolios that are made up of smaller properties with generally 5 to 8 units in different locations owned by multiple landlords. Targeting a limited type of travellers generally result in property managers to choose a part of the portfolio to focus on and increase the occupancy rates while other landlords suffer from low occupancy rates.

While there are no brands in the market with an established reputation for providing accommodation at multiple key locations and an expected level of services in all premises, there are several companies offering serviced apartments in limited quantities.

I am also confident that the serviced apartment industry in Istanbul and Turkey presents a great potential for foreign investors.

Cheap Apartment for Rent in Center of Istanbul

2010-05-20T09:52:00.000-07:00

Falcon Building is a newly renovated 4-storey building in Aynalicesme region of Istanbul. Aynalicesme is

a neighborhood in Beyoglu right across the British Consulate in Galatasaray, on the other side of the Tarlabasi Street and with easy access to public transportation and is only minutes away from Galatasaray Square, Galata tower, Pera and Taksim Square.

Falcon building is designed to accommodate couples as well as up to 2 single guests in individual rooms if requested.
The building consists of 4 1+1 apartments and 2 studios. The commercial part in the entrance was converted into an art exhibition and artist meeting place and it is currently being used by Turkish photographers.

The apartments are currently being rented within a range of 500 - 700 euro per month depending on the length of the stay. Utilities such as electricity and gas are charged separately to tenants expense accounts at the end of each month.

Falcon Building is designed in a minimalist style using very light colors both on the walls and furniture.

If you are traveling to Istanbul and in need of a cheap or reasonable priced and new place to stay in, this is a good option that is worth a look.

Promotion of Art in Living Spaces in Istanbul

2010-05-20T09:43:00.000-07:00

CCD, a property manager in Istanbul that focuses on student housing and economic apartments have announced addition of a couple of new properties under their portfolio of furnished apartments and rooms for rent.

The new buildings are mostly located in AynaliCeshme (Beyoglu) and Harbiye (Sisli) region and most of the apartments are designed to accommodate up to 2 guests in 1+1 apartments.

Aynalicesme, in the past months, made the headlines in newspapers like Hurriyet as the upcoming neighborhood for investors and was compared to other neighborhoods like Galata and Chinagir that showed much development in the past decade to become some of the most hip locations in Istanbul. Cihangir and Galata were both broken-down neighborhoods around 10-15 years ago and most buildings in the region were inhabitable. Following the quick restoration of the region, many high-income singles relocated to the area and hip bars, restaurants, boutiques, pizza parlors started popping up.

One interesting aspect of CCD is that the company also promotes art in the region which it sees as an essential way to attract new tenants. The company builds and rents under-priced art studios and galleries as part of their buildings. This, in turn, attracts artists to the area which helps develop the region much quicker than it naturally would.

If interested in staying at a location where art and living is combined, feel free to contact CCD to see availability and pricing informaiton for their properties.

CCD
Address: Kilic Aslan Sokak No:10/1 Beyoglu 34437 Istanbul - Turkey

Tel: 90-212-361-3310
General e-mail: info (at) roomsinistanbul.com

Holiday villas For Sale in Turkey

2010-05-20T07:51:00.000-07:00

There is a constant demand for holiday homes and villas for sale in the Mediterranean part of Turkey and a quick Google search can give you clues that the number of properties offered in these regions are quite more than the property stock in Istanbul. Many foreigners have preferred to spend their summers in Turkey by renting a holiday villa and a quite high number of retired Europeans also live in these regions.

Again, a quick search shows that the most popular regions in the south part of Turkey are Marmaris, Datca, Akbuk, Didim, Bodrum, Antalya, Alanya, Kemer, Belek, Kas, Kalkan, Yalikavak, Gumbet, Torba, Cesme and possibly some other locations I failed to mention here.

In this post by a broker, it is possible to see that there is a constant demand from clients for more listings of villas for sale in Turkey from trustworthy developers. This Kalkan Villa, although seems to be sold by the time of this post, seemed to attract a client quickly due to its unique look and possible its reasonable price.

According to the news sources, the prices of holiday houses had fallen dramatically in 2008 and 2009. Now, the prices for these type of properties are possibly more stable. Many developers pushed buyers into purchasing their holiday villas by presenting them as investment tools. But, as an investment, unless I live inside the house as my primary residence, I would never touch a holiday home. These type of properties almost never generate high enough yields.

If retiring or have enough time to spend in your property during the summer, some of these properties offer great advantages. There are different parts of Turkey that are preferred by guests from specific countries. Take a look the listings and if interested, you might find something.

Also, if you use the form to the right, requests are distributed to hundreds of brokers to see who has the ideal property and then one single broker is given your contact info to make his proposal. If searching for a holiday house, a villa or an apartment anywhere in Turkey, you can try the form to the right.

Turkish Real Estate Trends - Residential Sector

2010-05-20T04:27:00.000-07:00

Strong fundamentals for residential demand remain intact while short-term demand and supply has been reduced by the lack of liquidity, making distressed residential real estate an attractive investment alternative.

Strong fundamentals for residential demand:
Based on Deutsche Bank’s 2007 forecasts, 5.3 million (3.7 million being households and appr 1.6 million being replacements) of new housing units will be needed between 2007 and 2017. Furthermore, according to the State Planning Agency data, more than 8% of buildings in Turkey are categorized as ‘in ruins’ or inhabitable and only an estimated one-third of all housing units in Turkey have building permits.

Economic circumstances hold up demand in the short-term:
Housing market activity has significantly slowed down in the months following the global crisis, indicating a temporary hold up of demand until the economic picture clears up.

Supply up due to lack of sales and credit facilities:
Many development projects in Turkey are financed through planning and construction phase sales. Accordingly, many new developments have been put on hold when sales saw a sharp decline. High cost of debt and general lack of credit availability has led to offer deep discounts.

The residential market is more stable following the decline in prices by developers willing to go ahead with quick sales instead of holding to the properties. Prices have started showing signs of increases in the last 2 quarters of 2009 and in 2010.

Why Invest in Istanbul Real Estate? Find apartments with high capital gain potential

2010-05-20T04:11:00.000-07:00

Why Invest in Istanbul Real Estate? Several different factors had been instrumental in effecting the real estate markets in the U.S . and in Europe and almost all global markets were effected following the economic crisis sparked by the collapse of sub-prime mortgages in the United States. However, several countries had major advantages that resulted in quick recoveries due to strong local demand and having different banking systems. Turkey is one of these countries. If you are searching for the ideal city or region in which to acquire an income generating or off-plan residential property, Turkey is globally one of the best options available at the moment.

Istanbul is 1st ranked development and 3rd ranked investment market in Europe, underserved by high-quality product in many sectors and has better growth potential than all other European cities surveyed. (According to the ULI Emerging Trends in Real Estate Europe 2009 Report)
Institutional opportunistic real estate investment in Turkey remains relatively underpenetrated and presents an early mover advantage for investors with global know-how.
Opportunities to buy undervalued assets in the short to medium term, primary focus on cash generating A and B class commercial properties in Tier 1 cities and finished or nearly finished A and B+ residential developments in Tier 1 and 2 cities with good covenants.
Other opportunities in the medium term on cash generating high street retail properties and retail shopping centers in Tier 1 and Tier 2 cities.

Other factors include; Turkish real estate has been less affected by the global credit crunch due to the infant state of its mortgage market. Unleveraged first-home purchases make up majority of residential demand. Turkey is unique in its position being an emerging market with a young and growing population, however it is also developed enough to offer opportunities in institutional quality residential, retail and commercial projects.

The single-family units are still considered a great investment for those looking to acquire affordable properties with high capital gain potential and high yields. Istanbul Properties offers a wide range of properties ideal for foreigners and also more properties are offered upon request.

Home Rentals Turkey

2010-05-12T09:16:00.000-07:00

One site that offers a variety of furnished rental apartments in Istanbul is Home Rentals Turkey. The company run by Catherine Erhun offers a range of rental properties that are not much advertised in other sites. A quick look at the page can help finding alternative properties if you already checked out other sites.

Throughout the portfolio, it is possible to find apartments for as low as 550-750 euros per month and most of the other apartments listed fall into the 1,500 - 3,000 euro p.m. range.

While there are several listings in the Asian side of the city as well, the majority of the apartments are located in the Cihangir, Nisantasi, Asmalimescit neighborhoods in the European part of Istanbul. There are also some other properties available in the Princess Islands, Antalya and Bodrum.

If searching for furnished apartments in Istanbul, the site is definitely worth a look.

Contact Info for Home Rental Turkey:
Address: Valikonagi Cad. Samsun Apt. 57/6 Nisantasi - Istanbul - TURKEY
Telephone: +90-212-241-1758
Fax: +90-212-241-1758
E-mail: info@homerentalsturkey.com

There is also a contact form available on the website.

Prices Rise Slightly in Istanbul for Furnished Accommodation

2010-05-06T18:05:00.000-07:00

Prices for furnished rentals in Istanbul seem to be in the rise over the past 6 months. Property managers seem to have increased the rental prices on their websites by 10 - 20% since the beginning of 2010.

Most of these lanlords offer apartments all inclusive since the guests usually stay short term around 2 to 4 weeks. It is not really possible to charge short term guests for the utlilities and other expenses unless the actual bill is received for the term they stayed in. Such expenses also are on the rise and this effects the bottom line for the landlords.

Also, there seems to be an incresing demand from foreigners for furnished apartments and rooms.

Prices Recover in Beyoglu.

2010-03-17T09:15:00.001-07:00

Although there are no reliable source or centralized listing service to follow up on the real and current property sale prices in Istanbul, according to some sources the property prices in Beyoglu has recovered around 10-15% in the past 6 months to almost reach the previous peak levels in 2008.

The brokers confirm the extensive increase in interest during the last 6 months and the number of transactions completed increased substantially.

Let us know if any of you can find reliable data we can publish that shows the statistics during the last 3 years covering the peak prices, the downturn following the global crisis and the governement;s desicison to stop sales to foreigners and the recovery period.

Serviced Apartments Istanbul

2010-03-17T09:11:00.000-07:00

Serviced apartments Istanbul is another source to find articles, opinions and news about the rental apartment industry in Istanbul. Although the site is new, more info is like to follow.

Art as a part of Furnished Rental Living Spaces in Istanbul

2010-03-17T09:05:00.000-07:00

It has been a while since we last posted on this blog. It is time we get back to posting more frequently and share the latest news and information about the developments in the furnished apartment industry in Istanbul.

CCD, an Istanbul located property manager which we previously covered, have added several objects to their portfolio. Most of the new properties are located in Aynalicesme and Harbiye regions of Istanbul.

One unique aspect of CCD's portfolio is that the company promotes art as a part of their project development and design of their apartments. The company designs and builds art studios and galleries in buildings in combination with living spaces and aims to attract more tenants and promote these neighborhoods using art.

The company has several objects in development and more information to follow soon...

Fully furnished rooms near Bilgi University in Beyoglu

2009-08-13T15:53:00.000-07:00

CCD today announced unveiling of 2 new properties under their management that are both designed for Erasmus students visiting Istanbul.

Russia House and Silver Building are both lcoated in Tarlabasi region of Beyoglu and are both located within a stone throw's away from the Kasimpasa Campus of Bilgi University. Both buildings together are capable of accommodating up to 26 students in individual rooms. All rooms are designed to uphold 3 basic principles that the company implements at all their properties from serviced apartments designed for business travelers to simple rooms for students; hygiene, safety and hi-tech equipment.

While CCD primarily designed the apartments for Erasmus students, the company intends to have local students as guests to have a healthy balance of foreigners and locals in the same premises and enable interaction between the students.

Both buildings are newly renovated and presents a clean and safe environment for its guests. Both buildings are located on the same street in Aynalicesme region of Beyoglu and are centrally located. Erasmus students planning to study at Bilgi University, Kadir Has University and Istanbul Technical Univesity can enjoy the amenities offered at these buildings at reasonable prices while being close to the campuses of their schools.

Istanbul Rooms for Rent for Erasmus Students

2009-07-01T05:06:00.000-07:00

There is a stable demand for rooms for rent in Istanbul for short to medium term, especially from Erasmus students and foreigners visiting Istanbul with limited budgets. While some property managers provide rooms with private bathrooms, rooms usually are offered within apartments that have shared kitchens and batrooms.

CCD, a property manager in Istanbul, is now working on preparing a portfolio of over 50 rooms in Beyoglu area specifically designed for Erasmus students looking to stay in the area. Bilgi University is within a walking distance of only a few minutes from the new properties acquired by the company. According to CCD, the goal in the design of the apartments is to provide safety, hygiene and the necessary hi-tech equipment that an Erasmus student would like to see in the room that they stay in. A quiet living and studying environment coupled with a great location and reasonable prices will alway be in demand for students.

Links to available rooms for rent will be published soon with images of the rooms and a list of amenities offered. A total of 50 rooms will be available for rent for the fall term. The rooms are planned to be offered within a price range of 350 to 550 euros per month which is very cheap and reasonable compared to other options offered. The apartments in the higher range of the price range have private bathrooms and some have more than 2 seperate rooms. It will be nice for Erasmus Students to have more options of rooms for rent in Istanbul and reasonably priced apartments.

If you would like to get further information on the properties, feel free to contact CCD through info@apartments.com.tr The website is currently also under construction and will be available within a few weeks. However, further information on availablity can be obtained via e-mail.

update: see http://www.roomsinistanbul.com

Apartments and property for sale in Beyoglu, Istanbul

2009-05-18T05:23:00.000-07:00

Oypro, a leading property management services company in Istanbul has recently published a variety of residential listings for sale in the city center of Istanbul. Although, Istanbul is a city with several city centers, Beyoglu region is still accepted to be the center of all for centuries.

This region where the demand never suffers also has not been able to increase its supply of stock for residences due to restrictions on construction and permits. This also makes the whole Beyoglu region a prime location for both local and foreign investors.

Investors interested in buying properties in Beyoglu region can check these several new listings including a historic apartment in Galata, a residential development project in Galata, a serviced apartment property on Istiklal and this 2,000 square meters of serviced residences project again right next to the infamous Galata Tower.

Istanbul in 2009 was again chosen as a top 3 European investment location for residences, hotel and office space by ULI and global financial institutions like PWC and others. With prices in Istanbul decreasing in comparison to 2007 due to the global crisis, several projects are now even more attractive for global investors.

It is a worth a look into the residential market in Istanbul, especially those in the city center.

Siraevler Akaretler in Besiktas

2009-04-15T11:03:00.000-07:00

An excellent option for those looking for long term rentals at a unique property in Istanbul is Siraevler project in Istanbul. The apartments start from as small as 47 square meters and go up to 450 square meters.

The rents for small 47 sqm studios are currently offered as low as 1,150 euros per month according to Istanbul Turkey Apartments.

These apartments are an excellent option for anyone that wants to live on top of stores of global fashion powerhouses such as Jimmy Choo, Cornelliani, Bottega Venetta, Paul Smith, Marc Jacobs, Etro or Fred Perry.

Even if your apartment is small, you can always invite your guests to the W Hotel that is located in the moddle of the residences.

Change in Investment Strategies

2009-03-29T16:45:00.000-07:00

After the sudden change in the law regarding the acquisition of real estate of foreigners in Turkey on June 15th, 2008 and the increasing negative effects of the global crisis on the Turkish real estate market, problems only kept accelerating for foreign investors interested in this real estate market.

An article published on Apartment Turkey blog analyzes the strategy change some funds had to undertake. The switch to a holding strategy from adding value by constuction and flipping the properties in a few years of time seems to be no more feasible due to difficulties in selling the properties at premium prices.

It is a similar situation to what local investors fell into as soon as the number of transactions in the market have dropped and pressure on prices started to be felt. Investors who have chosen the suburbs of Istanbul due to the development potential they saw have run into even more problems.

According to this and similar articles, our assumption is that investors will try to hold until the market recovers from its current situation and these investors will try to reach their targeted IRR's by collecting rent for their portfolios. It seems to be the most rational decision for both investment funds and also local developers active in the Istanbul market. It is probably the same situation for many European cities.

Serviced Apartments Istanbul

2009-03-29T14:31:00.000-07:00

There is a visible increase in the number of serviced apartments in Istanbul over the past few years. Turyap added a new serviced apartment property in Besiktas to their portfolio of 3T residences.

Several individual entrepreneurs are also either renting or acquiring properties with multiple units to rent out to prospective visitors planning to visit Istanbul and seeking furnished opportunities.

Serviced apartments Istanbul is also a site dedicated to providing information about the serviced apartment properties in Istanbul and provides location, amenities and other specific information about new developments.

Serviced apartments, considering the expansion in number of offerings in the market, will soon be a good and cheaper alternative to hotels. These types of properties are cheaper for medium term stays due to less overhead costs involved and also provide more personal space than hotels.

However, a chain of these type of apartments witha strong brand name is still non-existant in the market. There is a great chance for a developer and manager to enter the market, create their brand and pioneer the domestic market.

We will keep providing more information about the property managers and new developments in Istanbul.

Noa Property Management

2009-03-10T14:29:00.000-07:00

A foreign funded developer that renovates luxury residences in Beyoglu area is Galata AS. Noa, the property management arm of the fund, markets and manages these uniques residences in Istanbul.

The fund is investing specifically in the Beyoglu area with a focus on creating luxury apartments for young professionals and foreigners who choose to live in the city center.

The notable buildings renovated by Galata AS include, but is not limited to, Tatar Beyi, Ali Hoca, Luleci Hendek, Serdar-i Ekrem and Faik Pasa. Noa also has a gym in their property on Ali Hoca Araligi which can be accessed for free or for a discounted fee by the tenants living on Noa properties. Pilates and yoga classes are some of those offered in the Noa Gym other than regular training opportunities.

Noa's apartments are worth a look if you are planning to stay in Istanbul for medium to long term and would like to live in the city center where you can easily access various cultural centers, art galeries, cafes, bars and restaurants within minutes.

Istanbul Serviced Apartment Release

2008-12-31T00:20:00.001-08:00

NZ Lofts, that we previously mentioned in a post, is now available for purchase by interested investors and also will start accepting tenants by March 1st. This Istanbul serviced apartment also released a press relaease announcing the details of the apartments and the interior design.

Astoria Kempinski Istanbul

2008-12-26T14:12:00.000-08:00

Astoria, managed by Kempinski Group, is a mixed-use property located in Esentepe region of Istanbul. Esentepe is located right between Levent and Mecidiyekoy and is in right in the middle of Istanbul's prime locations.

The shopping center right beneath the two towers comprises of 110 shops and is approximately 35,000 square meters in size. The management offers different packages for both daily and long term rentals although the rents are substantially higher than other developments in the city. All suites in Astoria feature fully equipped and state-of-the-art kitchens including full size fridges, dishwashers and ovens.

While the rates for the deluxe studios start at 227 euros daily and 4,850 euros per month, the grand deluxe 1+1 (111 square meters) starts at 476 euros per day and 7,590 euros per month. These quoted rates do not include the 8% VAT and breakfast, either.

All services including daily housekeeping, 24 hour security and many others are included in these rates. The Kempinski Group also manages the Ciragan Palace Hotel in Istanbul and is very familiar with the city and does not miss any opportunity where they can go the extra mile to provide true luxury experience for their guests.

For those who need office space in the city, tower B is home to rental offices ranging between 129 and 136 square meters. Many luxury services customly fitted to office tenants needs are also provided.

http://www.kempinski-astoria.com
Address : Büyükdere Cad. No:127 34394 Esentepe Istanbul, Türkiye
Phone : +90 212-370-0000 Fax : +90-212-370 0070

NZ Lofts

2008-12-25T16:49:00.000-08:00

NZ Lofts, located in Galatasaray region of Beyoglu, is a newly unveiled serviced apartment complex by one of the leading management companies in Istanbul. IPS Management will be running the property and handling the daily management and marketing of the apartments. The property comprises of 18 individual units all furnished with state of the art kitchen appliances and hi-tech equipment. NZ lofts is an ideal apartments complex for visitors planning to visit the city short to medium periods of time.

The property is located in an ideal location and provides all the necessary services for business travelers. Rates and availablity information about the apartments can be obtained by visiting the serviced apartments in Istanbul website.

The apartments range between small studios of approximately 25 square meters to duplexes around 125 square meters. The philosophy of IPS is to provide clean, safe and conveniently located properties and NZ is an ideal example of the core philosophy of the company.

Welcome to Apartments in Istanbul Blog

2008-12-15T04:21:00.001-08:00

Welcome to our blog about apartments in Istanbul. Our goal with this blog is to provide as muh information as possible to foreign visitors about rental apartment opportunities in Istanbul and sometimes in other parts of Turkey when appropriate.

With the increase in the number of expats living in the city and the number of business travelers visiting the city for medium to extended periods, the demand for furnished rental apartments in convenient locations of the city increased substantially.

We aim to provide visitors looking for apartments in Istanbul with accurate and up-to-date information about the opportunities in Istanbul.

Hello again and welcome to our blog.