Investing in furnished apartments in Istanbul is a highly appealing idea for investors. Due to Istanbul's strategic location between two continents and its attraction to numerous tourists annually, this type of investment offers high returns. This article provides detailed information on the fields of investment in furnished apartments in Istanbul, along with key points to consider when purchasing an apartment for investment purposes.

Fields of Investment in Furnished Apartments in Istanbul

Furnished apartments in Istanbul are fully equipped with household furniture and appliances, requiring tenants to bring only their personal belongings. There is no need to purchase any furniture for any room, whether it is the living room, bedroom, or kitchen. Upon signing the lease, the tenant agrees to maintain these items and pay for any damages.

Investing in furnished apartments involves converting a property into a furnished apartment and renting it out to tourists, students, or other individuals. This is a significant investment opportunity, especially in Istanbul, as it largely relies on tourism activity for its profits.

Types of Investment in Furnished Apartments

Tourist Apartment Rentals

• This is the most popular form of investment in furnished apartments in Istanbul. Tourists prefer furnished apartments over hotels for the independence and larger space they offer. The rental duration can range from a day to a week, a month, or even a year. Longer rental periods usually have lower daily rates. This type of rental caters to various tourists, including those visiting for medical tourism, sightseeing, temporary work, research, honeymoon, or summer vacations.

Student Apartment Rentals

• Furnished apartments can be prepared for student housing. The costs of furnishing these apartments are lower, and the lease duration is longer than that of tourist rentals, providing the owner with stability and reducing the need to frequently find new tenants.

Hotel Apartment Rentals

• This investment is similar to tourist apartment rentals but is linked to hotels and does not offer the same level of independence. However, it remains popular among short-term visitors to Istanbul. Key areas for hotel apartments include Sultanahmet, Şişli, Taksim Square, and locations along the Sea of Marmara.

Furnished Villa Rentals

• Furnished villas in Istanbul offer more comfort and independence, attracting families and wealthy tourists. They provide high returns but require high-quality marketing strategies to achieve satisfactory investment results.

Furnished Office Rentals

• Renting furnished offices is a prevalent investment idea in Turkey. It requires a thorough feasibility study and attention to office details and furnishings to attract business owners, companies, organizations, or associations.

Key Points to Consider When Renting Furnished Apartments

If you decide to invest in furnished apartments in Istanbul, consider the following points when selecting and preparing an apartment for rental:

Location

• Choose the apartment's location based on its intended use. Tourist apartments should be near major tourist areas, while student housing should be close to universities.

Proximity to Transportation

• Ensure the apartment is near modern and fast transportation lines in Istanbul. This convenience is crucial for tourists who need efficient transportation to save time and costs.

Apartment Size and Layout

• The size and room distribution should match the intended use. Student apartments can be smaller, while tourist apartments should be more spacious.

Attractive Views

• Utilize attractive views (sea, mountain, historical sites, city center) to market the apartment effectively.

Building Specifications

• High-quality building specifications increase the apartment's appeal. Tourists prioritize safety and security, and wealthier tourists seek more luxurious amenities.

Interior Features

• Focus on the apartment's interior, including decor, furniture, electrical appliances, and kitchen equipment. Ensure all items are in good condition and clean.

Additional Amenities

• Consider adding accessories, children's room decorations, internet service, and other features that enhance the apartment's value.

Marketing Strategy

• Develop a successful marketing plan for the furnished apartments to achieve profitable and satisfactory results.

Skyline Real Estate has provided key details on investing in furnished apartments in Istanbul and highlighted important points to consider when purchasing and preparing an apartment for rent. For further details, feel free to contact Skyline Real Estate for more information.