Turkey is a popular destination for real estate investment, with Istanbul being the most sought-after city for property buyers. Its booming economy, rich cultural heritage, and strategic location make it an ideal place to invest in real estate.
In this article, you can find the benefits of buying property in Turkey, particularly Istanbul. Also, you’ll explore the different factors you need to consider before purchasing.
Why Buy Property in Turkey?
- Turkey has attracted investors from around the globe. The real estate market in Turkey has been growing steadily, and property prices have been increasing remarkably. So, the possibility of getting significant returns from real estate investment is high.
- The Turkish government has implemented several policies to encourage foreign investment. This includes easing the process of acquiring property by foreigners. So, if you buy Turkey real estate worth at least $400,000, you can become a Turkish citizen.
- Turkey offers a favorable climate for everyone, with four seasons. This makes Turkey an attractive destination for those looking to relocate.
- You can buy whatever type of Istanbul real estate you want, such as a villa, apartment, or warehouse.
- It’s also possible to invest in Turkey’s natural resources. For this, you can buy a property close to forests or lakes.
- Property prices in Istanbul and, in general, Turkey, are affordable enough for foreigners. In addition, the cost of living is low in Turkey.
- You have the option to buy Istanbul real estate with a sea view.
How To Buy Property in Turkey
You can buy property in Turkey easily. Also, you can complete this process within a month. Let’s find out the necessary steps to follow:
- It’s better first to decide where you want to buy the property. Afterward, you can agree with an agent to run this process together. It’s also possible to visit Turkey before buying property in Istanbul.
- Once you find a suitable property, discuss the property price and purchase terms.
- You can then reserve the property. It costs around $1300, which will later be deducted from the total property price.
- Then, you can hire a lawyer, and they can complete the purchase process on your behalf. You can also do it by yourself, but you need to be in Turkey to do this.
- You can finally receive your title deed once all your documents are filed.
Buying Istanbul Real Estate
Istanbul is the largest city in Turkey known for its vibrant culture, stunning architecture, and rich history. It is also a popular destination for Turkey real estate investment, with many properties available.
When buying an Istanbul property for sale, it is essential to consider factors such as location. Proximity to transportation and the type of property that suits your needs are also essential.
For example, let’s assume you’ll relocate to Istanbul with your family and children. In that case, you need to look for locations close to schools. Also, searching the neighborhood to compare prices while buying a house in Istanbul is advisable. Having some knowledge about property taxes in Turkey is also highly important.
Lastly, it’s always better to consult a professional to get help in document preparation and completing the process.
Where To Buy Istanbul Real Estate
Living in Istanbul is a unique experience that blends old-world charm with modern amenities. The city has a rich cultural heritage and many historic landmarks and attractions to visit.
Istanbul is also a culinary destination, with many restaurants and cafes serving delicious Turkish cuisine. The city is well-connected with a modern transportation system, making navigating easy.
Besides all these, the city has some beautiful neighborhoods to live in. Also, they offer excellent investment opportunities. Let’s look at them below.
Cihangir is one of the most popular neighborhoods in Istanbul. When buying a house in Turkey, some foreigners choose this destination. This area has luxurious properties, outstanding museums, and nightclubs.
Sariyer is another popular place to buy Istanbul real estate. You can experience a tranquil lifestyle in this area. Also, some properties offer sea views. The streets are all lively as well.
You can also consider buying Istanbul real estate in Etiler. The neighborhood has a dynamic nightlife, and you can find shopping places here. Properties with Bosphorus views are also available in the thai area.
In short, buying Turkey real estate has many benefits for you. Start searching for such properties today, and begin your journey!