Where are the Best Vacation Rental Sites in Istanbul?
Istanbul is home to a vast diversity of natural and man-made wonders. With its gilded domes, soaring minarets, magnificent palaces, fascinating museums, and the large inventory of beautifully maintained gardens and parks – the city can make absolutely any one fall in love with it.
Every year, thousands of tourists from across the globe make their way to this glorious city. While some of them can afford the otherwise pricey hotels, most tourists prefer other options available to them in the form of vacation rentals and AirBnB. This makes Istanbul a prime region of interest for real estate investors too.
When investing in vacation rentals, the top factor to consider is: Where would the tourists wish to live?
The answer to this is relatively simple. Most tourists prefer areas that offer affordable accommodation in close proximity to popular tourist attractions. For that reason, we’ve listed down the most popular regions for investments in vacation rentals for you:
The Historical Peninsula
Istanbul offers rich history for everyone who visits the city. The Historical Peninsula in Istanbul is a culmination of the city’s historical and architectural grandeur. From the Hagia Sophia and Blue Mosque to the Topkapi Palace, Sultanahmet, Basilica Cistern, Hippodrome, and the Grand Bazaar – this place is affluent in culture and history. From restaurants and cafés to carpets and souvenirs, this district is a tourist hub.
Naturally, the place also offers a great range of property including apartments and homes that can be purchased to be let as vacation rentals.
Located on the European side of Istanbul, Beyoglu is a slight contrast to the Historical Peninsula. This is the district of the popular Taksim Square and Istiklal Avenue. The region offers remnants of century-old European architecture that attracts tourists to it, but beyond that, it is the district’s cosmopolitan lifestyle that makes the region a tourism nucleus.
The Beyoglu neighborhoods of Taksim, Galata, Tophane, and Karakoy offer an extensive range of new and old properties – some refurbished, while others not – for investors to consider. So, investors always have a variety of villas, apartments, and homes to choose from when looking for potential vacation rentals.
Uskudur & Kadikoy
On the Asian side of the city, one can find the Uskudur & Kadikoy districts. These districts invite tourists to a modern lifestyle and culture, beautifully balanced with historic elements that still remain in the region. With 16th century mosques, stunning views of the Bosporus, night life, and shopping – there is plenty for the tourists to explore and enjoy.
Another thing these tourists could enjoy is the beachfront properties or ones with at least a great view of the Bosporus for a relaxing vacation in the suburbs. The properties here have an excellent potential to serve as vacation rentals.
All the areas listed above offer a great range of properties for investment. Whether you’re looking for high-budget properties, those that yield high returns for lower-investments, or something mid-way – you can find it all here in Istanbul as long as you have the right guidance.
We, at ALA Property, keep track on the best property investment options available in Istanbul and everywhere else in Turkey. If you need expert counsel to make sound investments in Istanbul real estate, reach out to us!