All you need to know when buying an apartment in Istanbul

Created: 2021-11-25
Last Updated: 2024-04-26
Views: 2612

Content Index

What are the dimensions of buying an apartment in Istanbul, Turkey?
What if the purpose of buying an apartment in Istanbul is to obtain Turkish citizenship?
What are the most prominent laws related to foreigners buying apartments in Istanbul?
What do you choose to buy an apartment in Istanbul, the Asian or the European side?
Notes when buying an apartment in Istanbul:
How to buy an apartment in Istanbul?

Although all Turkish cities are distinguished in the real estate sector, Istanbul has a special character, great distinction, and ideal qualities that cannot be combined in other cities.
But if Istanbul is your destination, you should know all the details and information related to this matter.
In the following article, let us introduce you to the most important things you need to know and the most important areas in which they are located.

What are the dimensions of buying an apartment in Istanbul, Turkey?

Unique geographical location:

Istanbul is characterized by the fact that it occupies a geographical location that is rarely found, as it sits on the throne of two continents (Asia and Europe). The European section is the smallest, but the most distinguished, through its location, it overlooks a number of important seas (the Sea of Marmara and the Bosphorus Strait).

A very important tourist destination:

Istanbul is considered the capital of Turkish tourism because it contains many historical and archaeological treasures belonging to different periods of time. Istanbul contains a wide number of luxurious palaces / museums that contain many cultures / theaters / cinemas / malls / shops / old towers, And other places that cannot be counted.

Istanbul apartments luxury, sophistication and distinction:

The real estate system that dominates Istanbul is luxury and modern residential complexes equipped with the latest systems and technologies that make life in them connected to comfort and luxury, and this type of real estate is built according to the highest international quality standards for construction (characterized by earthquake resistance / sound and heat insulation) .
It is also equipped with security guard services, surveillance cameras and alarms, which limits the presence of any theft.
These complexes also have a panoramic view relative to the height of their floors, and they are accompanied by large green spaces, gardens, swimming pools, children's games and seating areas.
Residential complexes are not only what Istanbul is distinguished by, it is also one of the most important cities in Turkey in order to search for villas for sale or for independent apartments or studio apartments.

Istanbul is the first incubator for important projects:

Istanbul is home to a large number of mega development projects that have gained an important position not only at the local level, but also at the global level.
Istanbul is characterized by the fact that it has the largest airport in the world (Istanbul New Airport) and is in the process of constructing the Century Project (New Istanbul Water Canal) containing a wide range of highways (E-5/TEM/E80/Basin Express Road) and others.
These projects have a great positive impact on the real estate sector in Turkey, as they have contributed to the increase in their prices and the raising of their investment value.

Apartment prices in Istanbul:

The prices of apartments in Istanbul European section are higher than those in the Asian section, but they are still cheaper than many other important cities in the world.

What if the purpose of buying an apartment in Istanbul is to obtain Turkish citizenship?

When your goal to own an apartment in Istanbul is Turkish citizenship, you must search for someone whose specifications match the conditions for obtaining that citizenship, which are summarized in two main elements:
- The first is that the price of the apartment is not less than two hundred and fifty thousand US dollars.
- The second is that the sale should not take place before the lapse of three years from the date of its purchase.
In this context, it must be noted that there is no problem if the aforementioned amount is distributed over more than one apartment.

- First of all, a foreigner can own more than thirty hectares in various cities of Turkey.
He cannot own more than ten percent of the area.
- The apartment must not be within one of the military or security areas in the city.
- The real estate registry should be reviewed in order to ensure the safety of the apartment and that there are no restrictions, mortgages or seizures on it.

What do you choose to buy an apartment in Istanbul, the Asian or the European side?

- If you are a fan of calm and secluded life, you should choose the Asian section, which discusses the European section, which is noisy, noise and pollution.
- If you are looking for a great return on investment, the European section is the best.
- The Asian section contains more historical and archaeological landmarks than the European section.
- The Asian part of the city contains many picturesque natural places, while these scenes are less in the European part.
One of the most important tips when buying an apartment in Istanbul is not to give up the idea of having an experienced and knowledgeable real estate company to lead its client towards what he wants to achieve, and also to avoid becoming a victim of real estate fraud.
Before you step into the real estate field in Istanbul, make sure that you search for all the information related to this matter ..just so that your steps are safe.

Notes when buying an apartment in Istanbul:

There are many notes that you should take into consideration when buying an apartment in Istanbul, and through the following points we will talk about them briefly:

-Make sure to take field tours in the real estate market in Istanbul in order to see the most important projects available and to take a look at the existing areas and their advantages and specifications in order to choose the most suitable for you.

-When your goal is to invest in real estate, you should be careful to choose the apartment with a small or medium area and stay away from large areas because the demand for them is rather large compared to the other, and when you want to sell in the future, this is very easy.

-See the legal status of the property, as it may have a problem, and this has a negative impact on the real estate and investment value, as well as making it difficult to sell the property.

-You should use one of the famous real estate companies, where they can provide you with the best real estate options suitable for you and your goals, and you can benefit from their relationships with the most important construction companies and then obtain high discounts.

-Make sure you get to know the real property owner so you don't fall victim to real estate fraud and spending the money wrongly.

-Look for answers to your various questions and do not accept that there are any ambiguities for you.

How to buy an apartment in Istanbul?

Follow these steps when owning real estate in Istanbul:

First: you have to determine the goal you want to buy the apartment for, is it real estate investment, housing and stability, or obtaining Turkish citizenship? The method of research varies according to the purpose.

Second: You must study the financial budget that you have, is it sufficient in order to pay the full value of the property in cash, or will you resort to buying in installments, or will you choose to borrow?

Third: If you do not have the ability to buy an apartment in cash or ready-made, you can choose under-construction apartments, whose prices are lower than the price of apartments or ready-made properties.

Fourth: There are many procedures and legal details that must be completed with the help of your real estate expert and legal advisor.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.