Contact the experts of our group for free consultation and more information.
Buying a property in Istanbul
Property buying guide in Istanbul
Buying a property in Istanbul is one of the most popular investment options in Türkiye. This city is considered an attractive destination for domestic and foreign buyers with the combination of eastern and western culture, privileged geographical location and modern infrastructure. Buying a property in Istanbul requires careful research and planning. Choosing the right neighborhood, checking the legal status of the property and knowing the local laws are among the important things that should be taken into consideration.
Due to the increase in demand, all types of properties from luxury apartments to beach villas are available in Istanbul. Also, investing in real estate in this city can lead to receiving Turkish residency and even citizenship. Consultation with professional experts and complete review of documents guarantee a safe and secure purchase.
Contact us for free consultation and more information. We at Sun Sands are responsive to you with 24-hour support
With its growing economy and strategic geographical location, Türkiye offers diverse investment opportunities with high return potential.
Buying a property in Türkiye is an exceptional opportunity to live and make a safe investment in a beautiful and growing country.
By investing in Türkiye, you can obtain residency in this country and enjoy the benefits of living in this beautiful country.
Buying a property in Istanbul is an exceptional opportunity to progress and invest and get a residence in Turkey.
|
Property type
|
Approximate price
|
|---|---|
|
2 bedroom apartment
|
300,000 to 900,000 dollars
|
|
3 bedroom villa
|
600,000 to 2,000,000 dollars
|
|
Penthouse
|
500,000 to 1,500,000 dollars
|
|
Shop
|
700,000 to 2,500,000 dollars
|
|
hotel
|
5,000,000 to 25,000,000 dollars
|
|
restaurant
|
1,100,000 to 7,000,000 dollars
|
What are the conditions for buying property in Istanbul to obtain citizenship?
In order to obtain Turkish citizenship by purchasing a property in Istanbul, there are certain conditions that must be met. The value of the property or property complex to be purchased must be at least 400,000 US dollars. These properties must be registered in the Turkish Register of Deeds and must not be sold within three years.
The buyer must also pay the amount through official Turkish banks and provide the money transfer receipt. Buying property in Istanbul to obtain citizenship is not only limited to residential properties, but also includes commercial properties. All processes must be done under the supervision of reputable lawyers and legal advisors to ensure the correctness and legality of the transaction.
It usually takes 4-6 weeks, including signing the contract, transferring the deed (Tapu) and settlement.
regions such as Besiktas, Sarir, Sisli, and Bekoz and Asian regions such as Kadikoy
Costs depend on the type of property. For apartments, the cost is usually the monthly top-up (aidat) and bills.
Yes, you can easily rent out the purchased property and earn monthly income.
Passport, Turkish tax number, bank account in Türkiye, and purchase agreement are required.
The European part is more commercial, while the Asian part is more relaxed and suitable for families.
Everything about buying a property in Istanbul
Why buy a property in Istanbul and what are its advantages?
Buying a property in Istanbul is one of the best investment options in Türkiye for many reasons, including its strategic geographic location and dynamic market. As a bridge connecting Asia and Europe, this city provides unique opportunities for living, working and doing business.
The benefits of buying property in Istanbul include increased property values due to sustainable economic growth, easy access to modern amenities, and the benefit of advanced infrastructure. Combining rich history and modern life, this city provides an ideal environment for family stay or investment.
Also, investors can benefit from the possibility of obtaining Turkish citizenship by purchasing real estate of a certain value. Istanbul’s diverse real estate market includes luxury apartments, luxury villas and commercial properties, providing plenty of choices for every budget.
What are the procedures for buying a property in Istanbul?
“Buying real estate in Istanbul” has a clear and legal process, by which you can make a safe investment. First, you must determine your purpose of buying property; Are you looking for investment, residency or citizenship? This has a direct impact on choosing the right property.
After choosing the property, it is necessary to review the property documents by legal experts. It is very important to ensure that the document is legal and that there are no debts or financial obligations on the property.
In the next step, the purchase contract is drawn up and the down payment is paid. The official registration of the property in the Tapu Office (Turkey Registry of Deeds) and full payment is the final stage of buying a property in Istanbul, Türkiye.
Finally, by completing these steps and receiving the ownership document, you will be able to use or use legal benefits such as obtaining residency.
What are the rules for buying property in Istanbul?
All Iranians must follow the laws of Türkiye, Note 35 of the Real Estate and Land Law 2644. Buying a property in Istanbul, as one of the popular investment destinations for foreigners, requires familiarity with certain rules that must be followed:
Restrictions for foreign nationals
Foreign nationals can generally buy property in Türkiye, but there are land area restrictions. They can buy up to 30 hectares of land. Also, after purchasing the land, they must build their building within 2 years.
Properties for sale
Some properties in Istanbul are prohibited for foreigners to buy. For example, properties located in sensitive national security areas or properties located in military zones or government zones cannot be purchased by foreigners. In addition, the previous 3 owners of the property must not be foreigners.
Legal procedures of purchase
After selecting the property, various legal steps must be taken. These steps include confirming ownership, paying fees, and drawing up a formal contract. In addition, after paying the purchase price, the property must be registered at the Turkish Land Registry. This process may take some time and requires careful legal checks.
Taxes and fees
When buying a property in Istanbul, there are various fees that must be paid. including real estate transfer tax, registration fees, service fees, and legal fees related to real estate agents. In addition, annual property taxes must also be paid. These costs may add up to a percentage of the property’s value and should be considered.
How much are the taxes and other costs related to buying an apartment in Istanbul?
For people looking to buy a cheap property in Istanbul, it is important to be aware of the costs and taxes associated with the process. For more detailed information, here is the table of fees and taxes:
| Cost Type | Cost amount |
| Property purchase tax | is 1 to 18% of the total value of the property |
| Notary fees and document transfer | 4% of property value |
| Real estate insurance costs | depend on the type of property |
| Realtor service fees are | usually 2-3% of the property price |
| The fee of the real estate | expert is paid according to the rules. |
| The cost of translation | is $100 |
| The cost of buying branches | is approximately $200 |
The cost of buying branches is approximately $200
- In Avcilar area, Avcilar neighborhoods are: deniz köşkler, gümüşpala, merkez
- In the bahçelievler district of Bahçeli Oller neighborhoods: şirînevler
- In Başakşehir district, neighborhoods: ikitelli osb, zia gökalp
- In Beşiktaş Beşiktaş districts: yildiz
- In Beylikdüzü district, neighborhoods: beylikduzu osb
- In Beyoğlu District, the neighborhoods are: Kocatepe, Şehit Muhtar, Bülbül, Çukur, Kamer Hatun, Kalyoncu Kulluğu, Yeni Şehir, Katipmustafa Çelebi, Bostan, Asmalı Mescit.
- In Beyoğlu District, the neighborhoods are: Kocatepe, Şehit Muhtar, Bülbül, Çukur, Kamer Hatun, Kalyoncu Kullüğu, Yeni Şehir, Katipmustafa Çelebi, Bostan, Asmalı Mescit.
- In Fatih Fatih area, neighborhoods: mimar kemalettin, mesihpaşa, saraç ishak, muhsinehatun, balabanağa, mimar hayrettin, nişanca, kemalpaşa, katıp kasım, iskenderpaşa, molla gürani, molla hüsrev, akşemsettin
- In the Küçükçekmece area, neighborhoods: Beşyol, Ikitelli OSB, Mehmet Akif
- In the sariyer district of sariyer, the neighborhoods are: maslak
- In zeytinburnu region, neighborhoods: maltepe, yenidoğan, nuripaşa, yeşiltepe
- In the ümraniye district, the neighborhoods: dudullu
- In Tuzla district, Tuzla neighborhoods: Aydinli
- In the Şile area, the neighborhoods are: Meşrutiyet
- In the Şişli area of Şişli, neighborhoods: inönü, ergenekon, mecidiyeköy, cumhuriyet
Is a work permit given by buying a property in Istanbul?
Buying a property in Istanbul, Türkiye can provide many opportunities for people. One of the common questions of foreign buyers is whether it is possible to get a work permit by buying a property in Istanbul. The answer to this question is complicated. According to Turkish law, buying a property alone does not lead to a work permit. To obtain a work permit, a person must work independently or as an employee in a Turkish company.
But buying a property in Türkiye can lead to receiving a residence permit. If the value of the purchased property is at least 250,000 dollars, the buyer can apply for Turkish residence and then receive a work permit if employed in a Turkish company. Therefore, owning a property in Istanbul can indirectly lead to more job and economic opportunities.
What points should be observed when buying a property in Istanbul, Türkiye?
When buying a property in Istanbul, it is necessary to observe several points that can prevent legal and financial problems:
- Check the ownership documents: First of all, make sure that the property ownership documents are genuine. Checking the legal status of the property through notaries is necessary.
- Assessing the location of the property: Paying attention to the geographic location of the property, access to public transportation and surrounding facilities, plays an important role in decision making.
- Consultation with local experts: using legal advisors and reputable real estate agents can avoid any misunderstandings or mistakes.
- Study the tax laws: It is important to be aware of the tax laws associated with buying real estate, including property transfer taxes and other incidental costs.
