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Buy property in Istanbul and Its advantages
Buy property in Istanbul has become one of the most popular options for investment due to its location in a strategic location and unique urban and tourism facilities, the high popularity of this global city, as well as the recent economic and political developments of this country. In this article, we have examined the benefits of buying a property in Istanbul.
What are the advantages of buying property in Istanbul?
As mentioned, buy property in Istanbul is very popular these days, and many investors from all over the world are buying property in Turkey, especially Istanbul. If you are also looking to buy a suitable property in Istanbul, it is better to get to know some of the benefits of this investment so that you can make your purchase more easily. In the following, we introduce the benefits of buying a property in Istanbul.
1-The growth of prices
Istanbul is one of the cities that has seen a growing trend in the real estate market in recent years. Considering this growth, buy property in Istanbul is attractive as a long-term investment. According to statistics, property prices in Istanbul have increased by 20% in recent years.
2-Capital return
Due to the growth of prices in the Istanbul real estate market, buyers can benefit from the return on their investment for years to come. Normally, due to the growth of prices and the increase of monthly rent, investing in the Istanbul real estate market has become one of the best ways to make money in this city.
3-Geographical location
As one of the most important cities in the world, Istanbul has a great geographical location. This city is considered as a bridge between Europe and Asia and due to its geographical location, it can become one of the best tourist destinations in the world. Thus, buy property in Istanbul is considered as an opportunity to benefit from this strategic geographical location.
4-Urban facilities
Istanbul has very good urban facilities that are attractive for residents and visitors of this city. There are large markets, shopping centers, famous restaurants, museums, parks and green spaces in this city, which provide very good opportunities for recreation and shopping for the residents and tourists of this city.
5-Economic and political developments
The recent economic and political developments in Turkey have made this country one of the investment attractions for foreign investors. Considering these developments, buy property in Istanbul is considered as one of the best investment options in Turkey.
6-Security
Istanbul is one of the cities that is attractive because of its high security. The city has one of the best security systems in the region, and for this reason, buy property in Istanbul is considered one of the best investment options in the region.
7-Culture and history
As one of the cities with a very rich history and culture, Istanbul has a special attraction. This city has historical monuments and famous mosques such as Blue Mosque, Ayasofie and Topkapi Palace. By buying a property in Istanbul, you can also get to know the culture and history of this city better as a local resident.
8-Quality property
In Istanbul real estate market, there are quality properties at reasonable prices. Considering that Istanbul is one of the biggest cities in the world, you can get quality properties at a reasonable price. This advantage allows you, as an investor, to get a quality property with a high yield at a lower cost.
9-Transportation facilities
Istanbul has excellent public transportation that allows residents to easily move around the city. Being in a strategic location, Istanbul allows you to easily access the entire city and take advantage of public transportation facilities such as trains, subways, buses, and taxis.
10-Investment rules
Turkey has provided very good investment laws for foreign investors. According to these rules, buy property in Istanbul is considered as one of the best investment options in Turkey. However, it is better to carefully check the rules and regulations related to buy property in Turkey to avoid any problems in the future.
11-Residence in Turkey
Buy property in Istanbul can become one of the ways to obtain Turkish residence. By buying a property in Istanbul, you can get Turkish residency as a foreign investor. To obtain a residence permit in Turkey, you must pay attention to the following points.
- Buying a property worth at least 75 thousand US dollars
- Proof of valid income
- Paying taxes related to the property
- Residence request at the Turkish embassy in your country of residence
After paying the fees related to the stay and completing the related procedures, you can get the stay in Turkey. Staying in Turkey, as a foreign investor, gives you access to urban and health facilities and services in this country and frees you from problems such as illegal immigration and tourist visas.
12-Obtaining Turkish citizenship
By buying a property in Istanbul and obtaining Turkish residency, you can gradually acquire Turkish citizenship by investment. To obtain Turkish citizenship, you must pay attention to the following points.
- Buying a property worth at least 400 thousand US dollars
- Valid income and related tax payment
- Sufficient information about Turkish culture and language
- Compliance with the laws and regulations of the country
After obtaining a valid residence in Turkey and meeting the conditions related to citizenship, you can gradually obtain Turkish citizenship. By receiving Turkish citizenship, you, as a Turkish citizen, have access to urban, health, and educational facilities and services in this country, and you benefit from rights and benefits such as the right to vote, the right to work, and insurance premiums.
To obtain residence and citizenship in Turkey, it is better to consult with reputable real estate consultants and professional lawyers in Turkey and make sure that you have met all the conditions related to obtaining residence and citizenship. Also, it is better to carefully check the regulations and laws related to residency and citizenship in Turkey before buy property in Istanbul.
Last word
Therefore, buy property in Istanbul can become one of the ways to obtain residency and citizenship in Turkey. By buying a property in Istanbul and obtaining residency, you, as a foreign investor, have access to urban and health facilities and services in this country and are freed from problems such as illegal immigration and tourist visas.
Also, by complying with the conditions related to citizenship, you can gradually obtain Turkish citizenship and as a Turkish citizen, enjoy rights and benefits such as voting rights, employment rights and insurance premiums. However, to obtain residency and citizenship in Turkey, it is better to consult with reputable real estate consultants and professional lawyers in Turkey and make sure that you have met all the conditions related to obtaining residency and citizenship.
Frequently Asked Questions
1-Can buy property in Istanbul easily lead to residence and citizenship in Turkey?
Yes, by buying a property in Istanbul, you can get residency in Turkey as a foreign investor. After paying the fees related to the stay and completing the related procedures, you can get the stay in Turkey. Also, by complying with the citizenship conditions, you can gradually obtain Turkish citizenship.
2-What are the benefits of buying a property in Istanbul?
Buying a property in Istanbul allows you to:
- As a foreign investor, operate in the Turkish real estate market.
- As a property owner in Istanbul, benefit from the facilities and urban and health services in this city.
- Get Turkish residency.
- obtain Turkish citizenship and benefit from rights and benefits such as voting rights, employment rights and insurance premiums.
3-Does property ownership in Istanbul lead to land ownership?
No, buy property in Istanbul does not lead to land ownership. By buying a property in Istanbul, you, as the owner of the property, have the right to use it, but the ownership of the land belongs to the Turkish government. Also, by buying a property in Istanbul, you can benefit from the proper valuation of the property and generate income from its rental.
