How can I buy a house in Istanbul?
The most prominent regions in Istanbul’s real estate sector are generally located in the city’s central districts. The neighbourhoods along the Bosphorus such as Beyoğlu, Şişli, Maçka, Levent, Mecidiyeköy, Bebek attract a lot of interest, especially in terms of luxury residences such as Istanbul villas for sale. However, foreign investors generally prefer properties on the outskirts of Istanbul. Areas such as Bahcesehir, Beylikduzu, Buyukcekmece, Kucukcekmece and Esenyurt are filled with more affordable and often unplanned properties. These fast-developing suburban projects promise investors high price growth and returns as they expand the city’s boundaries and create new cities. However, it is important for buyers to be careful in this segment as there are false promises made by many agents and developers.
- In areas close to the city’s business centres, such as Şişli, Mecidiyeköy and Levent, well-managed and branded luxury residences, usually located in high-rise complexes, stand out. These residences offer many services such as shopping malls, restaurants and many other amenities under one roof and are sold at correspondingly high prices.
- Old, traditional Turkish-style apartment blocks in Istanbul’s prime locations often offer limited amenities. Depending on their location and quality, these apartments can be quite expensive. However, compared to newly built luxury residences and high-rise towers, these apartment blocks are simpler and offer fewer facilities in terms of building management. However, many of them are in prime locations, such as those with stunning views of the Bosphorus. Apartment blocks in Nisantasi and Sisli and some apartment blocks in Bebek are some of the most expensive properties in Istanbul.
- There are slums in almost every corner of Istanbul, even next to the most prestigious addresses of the city. Often built illegally in hills and alleyways, they are often in poor condition and many do not have proper title deeds. Since 2005, the Turkish government has targeted such structures under the name of “Urban Renewal” and has been encouraging large construction companies to consolidate slum areas into modern, luxury housing.
The property market in Turkey is dynamic and evolving, offering a wide range of opportunities for investors and homeowners alike. In recent years, Turkey has experienced a steady rise in property prices, driven by factors such as urbanisation, population growth and government initiatives to stimulate the real estate sector. Istanbul in particular stands out as a hotspot for property investment, with its strategic location bridging Europe and Asia and its status as a global hub for commerce, culture and tourism.
Beyond Istanbul, other cities such as Ankara, Izmir and Antalya are also attracting attention with their expanding infrastructure and growing economies. In addition, the Turkish government has introduced various incentives such as citizenship by investment schemes and tax breaks to encourage foreign investment in the property market. Overall, the property market in Turkey remains robust and promising, offering ample opportunities for growth and prosperity.
Yes, foreigners can buy property in Turkey with relatively few restrictions compared to some other countries. The Turkish government has made significant efforts to attract foreign investment in the property sector and offers a streamlined process for property ownership. Non-Turkish nationals are allowed to buy property in Turkey, including land, apartments and houses, with some restrictions on properties located in certain restricted areas such as military zones or near international borders.
However, these restrictions have been relaxed in recent years, opening up more opportunities for foreign buyers. In addition, Turkey offers a citizenship by investment programme, whereby individuals who purchase property and meet certain criteria can apply for Turkish citizenship. Overall, the accessibility of the Turkish property market to foreigners, coupled with the country’s strategic location and attractive investment incentives, make it an attractive destination for international property investment.
| TYPE | MIN M² | MAX M² | MIN PRICE | MAX PRICE |
|---|---|---|---|---|
| 3+1 | 265 m² | 290 m² | $1.677.000 | $1.901.000 |
| 3+1 | 301 m² | $1.923.000 | $1.970.000 | |
| 4+1 | 260 m² | 292 m² | $1.677.000 | $1.805.000 |
| 5+1 | 440 m² | 463 m² | $2.695.000 | $3.020.000 |
| 5+1 | 327 m² | $2.922.000 | $3.068.000 |
Buying property in Turkey is generally considered safe, as the country has a well-established legal framework and regulatory system governing real estate transactions. Foreigners have legal protections similar to those afforded to Turkish citizens when purchasing property, and the process is transparent and straightforward. However, as with any real estate investment, it’s essential to conduct due diligence and work with reputable real estate agents and legal advisors to ensure a smooth and secure transaction. Additionally, it’s advisable to research the specific area where you intend to buy property and consider factors such as market trends, infrastructure development, and potential risks. Overall, while risks may exist as with any investment, with proper research and guidance, buying property in Turkey can be a safe and rewarding endeavor.
Looking for a variety of property in Istanbul? You are in the right place. Best House Turkey provides you with guidance and advice in all areas of Istanbul. We have a portfolio of new build and resale properties on the European and Asian sides of Istanbul. As a major stakeholder in the Istanbul property market, we have the lowest possible prices and the best possible conditions. Visit our office in Istanbul as soon as possible and discuss your needs with our experienced consultants. Our priority is always to provide you with the best lifestyle and investment options, if you are looking to buy property for sale in Istanbul, we will be sure to match you with your criteria.
| TYPE | MIN M² | MAX M² | MIN PRICE | MAX PRICE |
|---|---|---|---|---|
| 1+1 | 128 m² | 252 m² | $950.000 | $1.850.000 |
| 1,5+1 Duplex | 204 m² | 230 m² | $1.700.000 | $2.000.000 |
| 2+1 | 222 m² | 357 m² | $1.900.000 | $2.750.000 |
| 3+1 | 355 m² | 448 m² | $3.050.000 | $3.450.000 |
| 4+1 | 471 m² | 507 m² | $4.400.000 | $4.450.000 |
| 5+1 | 327 m² | 792 m² | $5.750.000 | $5.900.000 |
After you have decided on this, you need to decide on your payment budget. So much so that your purchasing budget needs to grow with the house you want to buy. Otherwise, when you have to buy your home budget, you will stop making a budget difficult. For this you will be able to find the house with the type of house to use. If so, you need to decide on the payment method.
Places where you aim to buy a house with payment alternatives such as buying a house in installments, paying rent, or a house in installments. In order to buy a house for sale in Istanbul, one must have the appropriate one to buy.
Buying a purchase, such as buying a house in installments, buying a house without a down payment, will be purchased to be purchased to be purchased to be purchased, and this apartment is planned to plan to purchase. In some housing projects, it sells houses to those who want to buy a house with campaigns in their own projects, as an interest-free house, a house without a down payment or a house without a loan.
If you are going to plan to buy a house in Istanbul, you also need to buy a house from the land. Once built from a housing project, it could not be bought without being bought from that project. Buying an apartment from the land is both cheaper and an investment alternative. This direction; You also need to make a decision to buy and invest.
The construction and transportation of the residence house must be ready. In the other investment vehicle, the fact that it will be built yet or live in an underdeveloped location will see high profits. Apart from the bank loan you can use to buy a house in Istanbul, it can be taken to benefit from an interest-free person.
According to the data of real estate companies, the number of residences for sale in Istanbul is quite high compared to other provinces. With the recent increase in house prices, it has become almost impossible to buy a house in Istanbul. Even though the interest in the districts where there is a lot of urban transformation in order to buy a house in Istanbul increases, due to the high interest rates of the banks, especially the tenants’ dream of a landlord remains for many years.
The investor himself determines when he wants the house, car or land to be delivered. Depending on their monthly income, customers who are stuck in monthly installments can postpone their installments at a later date. No delay interest or expense arising from the postponement of the installments.
