Buying an apartment in Istanbul for real estate investment in Turkey has become common among many businessmen and foreign and Arab capitals who want to conclude a profitable and successful deal on the lands of Istanbul, especially after the Turkish government allowed obtaining Turkish citizenship through real estate investment in the real estate sector in Turkey. Istanbul has become one of the most attractive cities for investors. So, through our article, you will learn about the most important advantages that you will enjoy when you go to Istanbul to invest in one of its apartments.
Advantages of buying an apartment in Istanbul
It is known that Istanbul is characterized by many elements that work to attract investors wishing to invest in real estate in Istanbul, so we have provided you with some of the reasons and features that characterize the city of Istanbul and distinguish it from other European regions.
- The Turkish government offers various incentives to foreign investors, which makes real estate investment in Turkey profitable.
- Most apartments in Istanbul have stunning views of the sea, the Bosphorus, or the mountains.
- Istanbul was distinguished for being safe and not affected by the surrounding economic factors and crises, so it remains to preserve its nature.
- The apartments in the residential complexes have beautiful and modern designs that are no less important than what is found in European countries.
- Apartment prices in Istanbul are on the rise, which makes it a unique and suitable opportunity to start real estate investment in Turkey.
- You can reap the returns and financial profits if you buy a house in Istanbul and rent it during the tourist seasons.
- By purchasing an apartment in Istanbul worth $400,000, you can apply for Turkish citizenship and grant it to your family members.
- Apartments are available in the city at very affordable prices, where you can buy an apartment for $75,000 and get real estate residency.
- Istanbul's strategic location, as it is located between Europe and Asia and has a coastline on the Mediterranean and the Black Sea, makes it an ideal destination.
- Benefit from tax incentives, which is an attractive point for investors wishing to conclude a profitable deal at reasonable costs.
The most prominent areas to buy an apartment in Istanbul
Istanbul is a city rich in areas that include all the ingredients that work to attract investors wishing to invest in real estate in safe areas rich in services and public facilities, the most prominent of these areas:
Buying an apartment in Sariyer Istanbul
Sariyer district was distinguished from other areas in Istanbul because it was classified as one of the richest areas in the city, as it includes various world-famous commercial centers, in addition to its view of the Bosphorus Strait, and it includes different designs and spaces, and this increases its importance in real estate investment.
In addition, it includes many public facilities and services needed by every investor who wants to settle and live in it for the long term, in addition to the existence of a wide transportation network that facilitates movement around the region and in Istanbul in particular.
Buying an apartment in Beylikduzu
It is considered one of the most important areas in Istanbul because of its strategic geographical location, as it is bordered on the east by the Avcilar district, on the north by the Esenyurt district, and on the west by Büyükçekmece district, in addition to that, its apartments overlook the distinguished Sea of Marmara, as the region witnessed a great boom in the real estate sector.
It includes many hospitals, medical institutions, and health centers, in addition to the presence of commercial centers, schools, and local and international universities. It is a place where we recommend real estate investment.
Buying an apartment in Fatih
Fatih district is a central area in the European section, in addition to being one of the most densely populated areas in the city with a population of more than half a million people, and includes many historical and archaeological areas, such as Hagia Sophia, Topkapi Palace and the distinctive Grand Bazaar.
Moreover, the area is very close to the metro lines, which makes it easy to move around the city if you buy an apartment in Istanbul to reside and live in the city.
How to buy an apartment in Istanbul
In case you are interested in buying an apartment in Istanbul, there are some basic ways that you will need to follow:
- Find a reputable real estate agent It is worth doing your research to find one you can trust and who has experience helping investors.
- Selecting appropriate sites Consider factors such as proximity to facilities, and local climate.
- Determine your goals of buying an apartment in Istanbul.
- Organizing your financial affairs and preparing the necessary papers to buy real estate in Istanbul.
Papers required to buy an apartment in Istanbul
When buying an apartment in Istanbul, the following documents and papers must be prepared:
- Real estate insurance policy against earthquakes.
- Tax number.
- Real estate appraisal document.
- A personal photo of the seller and two biometric photos of the buyer with a white background.
- A copy of the valid passport, translated and notarized by the notary.
- Bank receipts stating the payment of the price of the property.
- Proof that the legal record is free from any crime.
- Real estate tax payment receipts.
Nationalities prohibited from real estate investment in Istanbul
The following are the most prominent nationalities that are prohibited from buying an apartment in Istanbul in particular and in Turkey in general:
- Cypriot citizenship.
- Syrian Identity.
- Armenian nationality.
- Cuban nationality.
- North Korean nationality.
Buying an apartment in the European or Asian side of Istanbul?
There is no doubt that both sides have advantages and disadvantages, as the European side is more developed in addition to its strong infrastructure and has many facilities and services, but one of its disadvantages is that it is more expensive in terms of living or even in terms of buying real estate and apartments. The Asian side is less developed but has more affordable housing options for investors who have limited financial means, and it is closer to nature with parks and green spaces.
Buying an apartment in Istanbul on the Bosphorus
Many people want to buy an apartment in Istanbul overlooking the Bosphorus, whether on the European or Asian side, as both sides pass through the Bosphorus Strait, which is one of the busiest waterways in the world.
650,000$
Istanbul Europe,
Maslak,
Under construction
2024-01-01
697,000$
Istanbul Europe,
Maslak,
Ready
530,000$
Istanbul Europe,
Zeytinburnu,
Under construction
In the end, buying an apartment in Istanbul for real estate investment can be achieved by communicating with our specialized consultants and offering them all your questions about how to invest in real estate in the real estate market in Istanbul. Do not forget to visit our website so as not to miss everything related to the real estate sector in Turkey.
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