Buy property in Istanbul; Guide for investors

17/06/2023

Buy property in Istanbul

The real estate market in Istanbul is very dynamic and growing. Istanbul, with its ideal geographical location, as a meeting point between the continents of Asia and Europe, is very important economically and culturally. Therefore, buy property in Istanbul is one of the best investment opportunities for foreign investors.

The real estate market in Istanbul has several types of properties, including residential, villa, commercial, office and industrial apartments. The property price in Istanbul is relatively high due to its geographical location, urban development, and urban and cultural facilities.

Different areas to buy property in Istanbul

Istanbul has different areas to buy property, each of which has its own characteristics and advantages. For example, Taksim area is known as the heart of the city and the important commercial center of the city. Besiktas region has beautiful scenery and always busy streets. Tunnel area has local markets and famous shopping centers. In any case, to choose the right area, your needs and taste should be considered.

Advantages of buying property in Istanbul

Buying a property in Istanbul has many advantages, some of which we will mention below:

1- Geographical location: As a meeting point between the continents of Asia and Europe, Istanbul has a strategic geographical location that has made this city one of the most important commercial and industrial centers in the region.

2-Capital return: Considering the stable growth of the real estate market in Istanbul, investing in this market is considered one of the best investment opportunities. Property prices in Istanbul increase by an average of 7-9% per year due to the steady growth of the market.

3-Investment laws: The Turkish government has developed special laws to attract foreign investments in the real estate market. For example, to buy property in Istanbul, foreign investors can benefit from the rules and regulations related to buy property in Turkey.

4-Urban and cultural facilities: Istanbul, as one of the largest and most important cities in the world, has many urban and cultural facilities. Among these facilities, we can mention museums, theaters, cinemas, restaurants, local markets and many other tourist attractions.

5-Simple buying and selling conditions: In the property buying market in Istanbul, the buying and selling process is very simple and smooth. To buy property in Istanbul, get the help of experienced and skilled real estate consultants in this field to make the purchase process easy and without any problems.

Property buying guide in Istanbul

To buy property in Istanbul, you should keep the following points in mind:

Detailed research: Before buying a property in Istanbul, you should do a detailed research about the real estate market in this city. Also, you should make sure that the property you want to buy is compatible with the relevant laws and has the necessary facilities.
Choosing the right area: You should choose the right area to buy property in Istanbul that is compatible with your needs and tastes and get the best return from your investment.
Consultation with local experts: To buy property in Istanbul, it is better to consult with local experts who specialize in buying and selling property in Turkey. They can help you buy the right property and get the necessary information about the rules and regulations related to buying a property in Istanbul.
Checking the prices: To buy property in Istanbul, you should familiarize yourself with the prices available in the market and make the best choice according to your needs and tastes.
Review of legal documents: To buy property in Istanbul, you must carefully review the legal documents related to the property. These documents include building permit, ownership document, municipal approval and other documents related to buying and selling property.
Calculation of costs: To buy property in Istanbul, you must carefully calculate the costs related to the purchase of the property, such as taxes, attorney's fees and other costs related to the purchase of the property.
Purchase contract: To purchase a property in Istanbul, carefully prepare the purchase contract and, if necessary, use the help of a lawyer or legal advisor.
Payment: Payment for the purchase of property in Istanbul must be made safely and in compliance with the rules and regulations related to money transfer.

Last word

Buy property in Istanbul is one of the best investment opportunities for foreign investors. The property buying and selling market in Istanbul is very dynamic and growing, and property prices in this city are high due to its geographical location, urban development, and urban and cultural facilities. To buy property in Istanbul, points such as proper research, consulting with local experts, checking prices, checking legal documents, calculating costs, preparing a purchase contract and making payments should be taken into consideration.

By following these tips, you can get the best return from your investment in buying a property in Istanbul. In addition, buying a property in Istanbul can be a good opportunity to obtain Turkish citizenship or obtain a residence permit in this country. For this reason, buying a property in Istanbul can be a very valuable opportunity for foreign investors.

Frequently Asked Questions

1-Is it possible for foreigners to buy property in Istanbul?

Yes, it is possible for foreigners to buy property in Istanbul. As long as you have a residence card and a valid birth certificate, you can easily buy a property in Istanbul. Also, you can refer to local real estate agents for more information and guidance in buying a property.

2-Is buying a property in Istanbul suitable for investment?

Yes, buying property in Istanbul is suitable for investment. As one of the most populous cities in the world and an economic center, Istanbul has a very active real estate market, and considering the rapid growth of the city and the increase in real estate prices, investing in this industry is very appropriate.

3-Is the cost of buying a property in Istanbul high?

The cost of buying a property in Istanbul varies and depends on the geographical location, type of property and other factors. However, compared to many other cities in the world, the cost of buying a property in Istanbul is relatively reasonable and it depends a lot on the buyer's ability.