Property For Sale In Istanbul
Buy Property For Sale In Istanbul
When you buy a house or property for sale in Istanbul, you are not the only owner of a piece of land or a house in Turkey; Instead, you invest in the Turkish economy. Therefore, before buying a house in Turkey or any other foreign country, it is necessary to consider its economic situation and growth rate. If the country in question has experienced steady economic growth over the past few years, do not hesitate to invest and buy a home in the country.
The CityRealtyTurkey collection will help you to find and buy property in Turkey.
The same is true of Istanbul, Turkey. Istanbul is not only a beautiful and dream city to live in but also one of the safest and best places in the world to invest in real estate and housing. As mentioned earlier, buy property in Istanbul and investing in Turkish real estate is not a new issue, but it has seen unprecedented prosperity over the past few years.
Types of Property Buyers In Turkey
In total, applicants for buying a house and an apartment in Turkey fall into three categories.
The first group of applicants to buy a house in Istanbul, which is also the largest population of applicants for a house in Turkey, are applicants for a villa and a house in Turkey and Istanbul. After a trip to Istanbul and Turkey, these people usually fall in love with the beauty and enchanting atmosphere of life in Istanbul. By buying a villa in Istanbul, Turkey, they look for a second home for vacation and entertainment.
The second group of applicants to buy a house in Istanbul, are those who buy a house in this city for life or retirement. These people with buy property in Istanbul are more interested in living in a safe economic environment, with appropriate welfare, medical and educational services, and a warm Mediterranean climate to spend their time.
The third category of applicants to buy a house in Istanbul also includes buying a house in Istanbul for business and investment specially investing in Turkish real estate.
You should know that pre-purchasing units can be very profitable.
Real Estate For Sales In Istanbul
Sales of various types of real estate in Istanbul, especially residential apartments, have increased dramatically since the beginning of this year. Of all the Turkish provinces, Istanbul ranks first in terms of real estate sales.
- One and a half million properties were sold in Turkey in the first seven months of this year.
According to the data published by the General Directorate of Tapu and Cadastre of Turkey (Property and Deeds Registration), the number of properties sold throughout Turkey during the first seven months of this year (2021) amounted to 1,494,165 properties. The costs of the Tapu document (ownership document) amounted to 10 billion 221 million 875 thousand 369 Turkish lire.
The sale of real estate throughout Turkey and real estate in Istanbul in July of this year amounted to 231 thousand 317 properties. The cost of the title deed resulting from the sale of these properties in Turkey during the month, 1 billion 858 million 277 thousand 853 lire It has been Turkey.
- Residential apartments were the best-selling real estate in Turkey.
All cities in Turkey have the opportunity to pre-purchase the property.
Among the best-selling real estate in Turkey, during the first seven months of this year (2021), residential apartments with 639 thousand and 646 units took first place. In second place were agricultural lands, of which 409,959 lands were sold during the mentioned period. Construction land also came in third with sales of more than 267,714 plots; meanwhile, commercial real estate ranked fourth with sales of 67,710 properties.
- Istanbul tops all Turkish provinces in terms of real estate sales.
Regarding the details of the real estate in Istanbul sales in the first seven months of this year, the province of Istanbul ranked first among all Turkish states.
The number of sales of different real estate types in this state during the mentioned period was 189,256 properties. This sales in Istanbul is 12.6% of the total sales of Turkish real estate during the seven months. The Turkish capital, Ankara, came in second with 99,857 properties sold, accounting for 6.7% of total real estate sales throughout Turkey.
Izmir Province came in third with 67,705 properties sold, accounting for 4.7 percent of Turkey’s total real estate sales during the period.
How To Find A Suitable Property For Sale In Istanbul?
The price of a house in Istanbul is a critical factor in buying or not buying a house, and you want to make sure that the house is worth the money you pay. One way to do this is to compare the price lists of similar homes in the same area. This may seem like an easy task, but price analysis can be complicated when it comes to slight differences in key factors (such as size, number of rooms and bathrooms, etc.).
Istanbul is one of the most profitable cities to invest in.
If the house is already rented, try to find out what the rental price is. Some real estate agents in Istanbul also list homes for rent and, if not for sale, at the same time for rent.
How To Get More Information About Buying Property In Istanbul?
Suppose you have a budget of less than US $ 250,000 and want to buy a $ 100,000 apartment in Istanbul, for example. In that case, you are still allowed to get a permanent residence card for yourself, your spouse, and children under the age of 18, but because the value of the property You are not eligible for citizenship in this country.
Therefore, if you want to get Turkish citizenship by buying property in this country, you must purchase a house or apartment or a total of several properties with a minimum value of $ 250,000 in Istanbul or other cities in Turkey.
This immigration and residency plan allows you and your family members (spouse and children under 18) to receive a permanent residence card, Turkish citizenship, and passport in a short period of 2 to 3 months. So, you can buy real estate in Istanbul.
4- FAQ (Frequently Asked Questions)
People buy houses and property in Istanbul with different motives. Knowing what you are doing for this purpose can be very effective in getting things done faster because there is a separate recommendation for each goal. Below are some common questions about buying a property that you can contact the CityRealtyTurkey collection to find answers.
• What are the benefits of property investment in Istanbul?
• Can foreigners buy property in Istanbul?
• How much does it cost to buy property in Istanbul?
• Is real estate cheap in Istanbul?
• When do you get residency after buying a property?
• What is the cheapest cost of property in Istanbul?
• Is living in Istanbul expensive? How much does it cost?
Buy a property that has an official Turkish document, i.e., Tapu.