Istanbul is a city of dreams for anyone looking for the perfect life attached to all aspects of luxury, that is why you will find that the search for apartments for sale in Istanbul is rising, and this is an indication of the importance of this city.
If you are looking for apartments for sale in Istanbul, you should be aware of many details related to this field, so through the following article we will share with you a lot of information and we will highlight all the dimensions of this subject.
Why are you looking for apartments for sale in Istanbul?
There must be certain points that attract you to search for apartments for sale in Istanbul, which are the same points that attracted thousands of foreigners to buy real estate in Istanbul :
1-Istanbul is one of the lively, bustling cities that witness excessive activity throughout the seasons and on all days, which made it a safe haven for many businessmen and investors in order to initiate various investment projects, especially the search for apartments for sale to enter the world of real estate investment or for housing .
2-You may be wondering the reason why Istanbul is a shelter for real estate investment? Simply because it witnesses a large population density and is the first in Turkey in this aspect, and it receives every year many foreigners coming from different parts of the world to stay in it, which encouraged real estate investors to enter this field where apartments can be rented or resold again in order to benefit from the price difference.
3-Istanbul has many ingredients that make it suitable for study and work, in addition to being the best option for housing and stability.
4-Foreigners can adapt and integrate with Turkish society due to the cultural diversity that this city is witnessing. It is worth noting that one of the most encouraging reasons for searching for apartments for sale in Istanbul is that it is witnessing great urban growth and transformation.
What are the most important steps for buying apartments in Istanbul?
There is a package of procedures and steps that you must take when buying an apartment in Istanbul. When you find the right apartment, take these steps:
-After you find the right apartment, you must obtain the security approval, and obtaining it is an easy procedure .. it is usually requested from foreigners in order to be sure that this area does not have a security or military situation and is obtained in a short period of time, maximum a week.
- The second step that must be taken when buying an apartment in Istanbul is to sign the sales contract between the seller and the buyer, and this must be done in the presence of two witnesses, and then be documented with the notary, and do not forget that the method of paying the price of the apartment is through the bank.
- Later, you must prepare all the documents required for the installation of the title deed, which are:
The contract of sale of the property, which contains a lot of information related to the apartment / you must bring the passport in addition to a copy translated into the Turkish language and certified as well.
Among the papers required when buying an apartment in Turkey are the real estate are appraisal document and the earthquake insurance document, in addition to personal photos.
Finally, the title deed will be installed in the land registry office in the area where the property is located.
Apartment prices in Istanbul:
Apartment prices are one of the first thoughts that may come to your mind when you are looking for apartments for sale in Istanbul, so are they suitable? Or expensive?
It is worth noting that apartments prices in Istanbul are determined by many factors and elements and vary according to them:
- First: the location of the apartment, the more special it is, the more expensive it is. An apartment with a sea view in Istanbul differs from whether it has an interior view, and the apartments on the outskirts of the city differ in prices from others located in the city center.
- Second: The age of the building is one of the factors that play an important role in Istanbul property prices . Is it located within an old or modern building?
- Third: The type of apartment determines its price. Is it located within a residential complex or is it separate? It is known that apartments in residential complexes have a rather high price.
- Fourth: The specifications of the apartment, the more distinguished and sophisticated it is, the more expensive the apartment is. How big is the apartment? What is its decorative style? Does it work according to the smart system or not? Is the apartment close to public services?
In the context of talking about apartments prices in Istanbul, we must point out that the general form of prices in this city is low and appropriate if compared with the prices of apartments in other important cities around the world.
The costs of buying an apartment in Istanbul?
The costs of buying an apartment in Istanbul are not limited to its price only, it goes beyond that. First, there are the costs of translating and attesting documents, which will not exceed three thousand Turkish liras, but it varies according to the region and according to the translator you deal with.
There are real estate taxes as well, which for many people is an obstacle, but taxes in Turkey are low, and this is among the many privileges offered by the Turkish government to foreigners in Turkey.
The title deed tax is four percent of the price of the apartment to be paid by both the buyer and seller, according to what the Turkish constitution stipulates, but according to what is common, the buyer bears it alone.
Do not forget that there are many costs that you will encounter after buying an apartment in Istanbul and it is important to take them into account so that you are not surprised later by them, most notably making adjustments to some details of the apartment, and there is also the cost of extracting earthquake insurance.
Among the costs that you will encounter when buying an apartment in Istanbul is the opening of water, electricity and gas meters, and there is also the furnishing of the apartment.
The most important tips that you should follow when looking for apartments for sale in Istanbul:
1-You should know that buying an apartment in Istanbul is a simple thing to do, and it is suitable for all budgets and suits all financial differences. Therefore, do not give up on achieving your dream of buying an apartment in Istanbul, as there are many ways that lead you to it. You can buy an apartment in installments in Istanbul and you can choose it when it's still under construction.
2-You should know that if you buy a cheap apartment in Istanbul, the services that this area enjoys will be weak compared to other areas.
3-Are you thinking of looking for apartments for sale in Istanbul for real estate investment? If you want to invest in real estate, you should look for apartments that are located in areas that are witnessing a major urban transformation or that are located near huge development projects.
4- Are you looking for apartments for sale in Istanbul for housing and stability? If your purpose in buying an apartment in Istanbul is to stay in, you should look for the specifications that suit you from all sides, i.e. the space and division of rooms.
5-If your goal in searching for apartments for sale in Istanbul is to obtain Turkish citizenship, you should look for apartments that are suitable for real estate investment in order to obtain distinctive profits during the first three years of purchasing the property.
How to search for apartments for sale in Istanbul?
Are you thinking of looking for apartments for sale in Istanbul? then, you must follow many rules, and here are the most important ones:
-Determine the purpose of searching for apartments for sale in Istanbul:
In order to find an apartment for sale in Istanbul without wasting a lot of time in random search, you must specify the desired goal. Is it for housing and stability? Or is it for real estate investment? Or in order to obtain Turkish citizenship?
If your goal in searching for an apartment for sale in Istanbul is housing and residence, you are free to choose and you will not be governed by any of the rules. You just have to choose what suits you.. If you are looking for real estate investment, you must follow many tips, instructions and rules in order to achieve the first goal of your investment, which is success and profits.
If you are looking for an apartment for sale in Istanbul in order to obtain Turkish citizenship, you must look for one that matches the conditions for obtaining it, which is, its price should be no less than two hundred and fifty thousand US dollars.
-You have to keep track of the marketing ads:
Since social media has witnessed a great development and it has become easy to buy apartments in Turkey just by following the promotional ads but it is worth noting that you should make sure that the video shooting is clear and the information about the apartment is correct.
-You must deal with a real estate company:
When buying an apartment in Istanbul, it is important to use a real estate company with experience and knowledge in this field, especially since big real estate companies have distinguished relationships with construction companies, so they provide their clients with the most important real estate opportunities and high discounts. One of the most important benefits of using a real estate company is that it shortens time for the client, as well as effort.
The cheapest apartments for sale in Istanbul:
Cheap apartments in Istanbul are an option for people with medium or low budgets, but is this possible in Istanbul? What are the pros and cons of this option?
- Cheap apartments for sale in Silivri area:
Silivri is one of the regions of the European side of Istanbul, 70 km from the city center, and it is a rural area, but at the same time it does not lack any of the manifestations of development and modernity.
Silivri Istanbul has a view of the Marmara Sea and is dominated by agricultural green spaces. On the real estate level, real estate prices are very cheap, so that the annual increase in real estate prices is low if compared with other areas.
Silivri in Istanbul is receiving a lot of government attention, as among the government's plans, it will be supplied with a Metrobus line from Beylikdüzü Station, which will gain the region a lot of importance.
Is Silivri a suitable area for real estate investment? Perhaps this question may arise in your thinking, yes it is, especially with the recent epidemiological conditions that the world has witnessed, as it has become a destination for many world tourists.
- Cheap apartments for sale in Beylikduzu District:
As for Beylikdüzü, it is the modern urban face of Istanbul and its transportation node. It is close to Silivri, but its real estate prices are higher for an important reason, which is that the Metrobus line passes through it.
Beylikduzu is characterized by luxury residential complexes equipped with the highest standards of quality and safety and are resistant to earthquakes and natural disasters.
Life in Beylikduzu is quiet and healthy because it is away from the noise of transportation, and it also contains a lot of green spaces.
It is expected that real estate prices in Beylikduzu will record a big jump during the coming period, for many reasons, most notably the increased demand for it and because of the development and recent real estate projects it is witnessing.
- Cheap apartments for sale in Esenyurt area:
Esenyurt is located on the European side of Istanbul and is one of the best options for housing and stability due to the new projects that are being developed there, while the real estate prices in it are cheaper than Beylikdüzü.
It is worth noting that the Esenyurt area has a large number of Arab communities, and as a result, it contains many Arab schools, restaurants, cafes and shops.
It is possible that real estate prices in Esenyurt will witness a jump in the coming period due to the new metro line, and therefore the value of the investment area has increased.
- Cheap apartments for sale in Kartal region:
As for Kartal, it is located on the Asian side of Istanbul, and this area is characterized by the fact that there are many real estate projects that have been built in it during the last period, as well as the number of its residents, which is close to half a million people.
Are you thinking of investing in real estate in Kartal? Real estate investment in Kartal is good, especially as it is quiet and has a view of the Marmara Sea, and at the same time it does not lack any of the service facilities that made it no less rank than any of the other areas in the city.
What are the main advantages of looking for apartments for sale in Istanbul?
-The cost of living in the areas that contain cheap apartments in Istanbul is appropriate and distinctive, and thus it is considered suitable for those who do not have the ability to live in luxury areas.
-Newly arrived foreigners to Istanbul can save rents and it can also be an opportunity to start their investment project.
-The prices of apartments in Istanbul are not stable in and are variable according to the circumstances and changes that occur in the country, especially since it is expected that the apartment prices in Istanbul during the coming period will record a rise in their prices based on several facts, most notably:
Rising prices of raw construction materials / increasing demand for them / witnessing many urban transformation projects.
Are there downsides to looking for cheap apartments for sale in Istanbul?
-There are some negatives that you will encounter when buying an apartment in Istanbul, most notably that these areas lack many services and recreational facilities, and they are far from transportation lines, which makes it difficult for residents to move.
-The buildings that are located in the cheap areas lack the services enjoyed by the residential complexes, such as electric elevators, cleaning and protection services, and they are often not furnished.
-If you want to invest in real estate, cheap apartments have low returns compared to the returns offered by luxury apartments.
Luxury apartments for sale in Istanbul:
1- luxury apartments in Sariyer District:
Sariyer is distinguished as one of the top three places in Istanbul in terms of luxury and sophistication, and has been classified as the region of the rich and the politicians.
Sariyer overlooks the Bosphorus and is one of the largest districts of the city at all, and is characterized by its luxurious residential complexes, in addition to containing many distinctive hotels.
2- luxury apartments in Beykoz region:
As for the Beykoz region, it is located in the Asian side of Istanbul, on the northern side of the Bosphorus, and it also includes many rivers and streams, which have given it a unique aesthetic splendor.
Beykoz area has many green forests such as Beykoz Forest, which has given the neighborhood more fame.
3- luxury apartments in Beyoğlu District:
Beyoğlu district is the city center and there are those who called it the old city. It is considered one of the most suitable neighborhoods to search for apartments for sale, especially for real estate investment, because it is a tourist attraction center for many tourists.
4- luxury apartments in Besiktas region:
It is one of the neighborhoods on the European side of Istanbul and includes many distinct historical neighborhoods within it. Besiktas is classified as one of the oldest neighborhoods of the city, and it is close to and overlooks the Bosphorus.
What are your reasons to search for luxury apartments for sale in Istanbul?
-The luxury areas in Istanbul are quiet and elegant and have a wide range of services.
-The Turkish government pays great attention to these areas and always seeks to develop them in order to be suitable for an ideal life.
-One of the most prominent motives for searching for luxury apartments for sale in Istanbul is that it is considered a great investment value.
-An integrated transportation network is available in these neighborhoods, as well as the most prestigious universities, schools, and the most important malls and shopping centers.
-Real estate prices in luxury areas of Istanbul are cheap when compared with similar real estate prices in other countries, especially European countries.
-These neighborhoods are a fertile and suitable environment for real estate investment to obtain the highest returns, as well as obtaining Turkish citizenship through them when the price of the apartment is a minimum of two hundred and fifty US dollars.
Apartments in installments in Istanbul:
Among the many privileges offered by Turkey to foreigners is the possibility of buying apartments in installments, and this option is suitable for everyone who does not have the opportunity to pay the full price of the apartment in one payment. In a brief definition of buying apartments in installments in Turkey is that it is a deferred sale contract.
How to buy apartments in installments in Istanbul?
To buy an apartment in installments, you must choose one of two methods, either by communicating directly with the construction companies, which is the preferred method for the vast majority of people. The second method is through the bank, which has previously purchased real estate from the construction company .
Advantages of buying apartments in installments in Istanbul:
-Buying an apartment in installments in Istanbul is good in order to own real estate in such advanced areas, through which you can apply for real estate residence, which is one of the most important residences in Turkey, where it can be obtained easily and can also be renewed.
-Turkish citizenship can also be obtained if the apartment price is $250 thousand as a minimum.
-The larger the down payment, the greater the discount.