Apartment For Sale In Turkey
Buying Apartments in Turkey Seems a Favorite Choice
These days, Turkey successfully attracts countless investors from all corners of the world, thanks to its charming nature, friendly investment program, geographical position, capable public facilities, and reasonable prices of apartments.
In this article, the writer tries to explain this country and gathers valuable information about the property for sale in Turkey, including apartments in the country, and guides readers appropriately to buy an apartment in Turkey.
Value of Apartments in Turkey
In 2021 the minimum price for buying an apartment is around 300000 lira, and surprisingly this price is offered in average class neighbors of Istanbul landmark in Turkey.
A 50 to 70 square meters single bedroom apartment in the west of Istanbul is offered at 300000 lire.
The value of apartments is variable in other cities; for example, in Sumum 2000 lira, in Uskudar 2500 lira, and Antalya 4000 is offered per square meter of the apartment, respectively. Also, in Izmir, the value of apartments is estimated at around 3500 lire in 2021.
Rising of Apartment Price in Turkey
Turkey experiences a satisfying rising in residential property prices, and Istanbul is conspicuously bold in this term. As mentioned before, a single bedroom apartment in Istanbul starts from 300000 lire in 2021, which shows a remarkable rising in compression with the previous year.
Advantages of Buying an Apartment in Turkey
- The cost of living in Turkey is significantly less than any European country.
- Citizens easily access high-quality production, weather clothes, foods, or other requirements.
- Citizens benefit from a capable and modern transportation network.
- There are a variety of entertainment centers and historical sightseeing.
- Beautiful coastlines and virgin nature take the attention of every visitor.
- Citizens could engage in different activities in the company of modern amenities. It is possible to go cycling, skiing, hiking, and other diverse activities.
- Thanks to an international investment program, buying an apartment in Turkey is fast and easy.
- Buyers have different options of apartments that match their needs and budget.
- Buyers contribute friendship investment that makes it possible to buy an apartment in installments and have the title deed.
- At last, the interesting point in residential investment is the possibility of obtaining residency permission and citizenship permission.
Value of Apartments in Turkey
The minimum price for buying a suite in Turkey is around 150000 lira. Generally, the value of apartments is high in metropolitan areas. It is worthwhile to mention that to get citizenship permission, the value of the apartment should be at least 250000 dollars.
Buying Apartment on Installments in Turkey
Through friendship investment programs, the Turkish government provides a situation to buy an apartment with minimum interest. Usually, bank loans cover 80 % of the value of the apartment.
Whenever a buyer asks for a loan, the bank keeps the title deed in the mortgage until installments are paid. In addition, it is possible to buy an apartment without taking a loan, and installments will be paid to real estate agencies.
Reselling the Apartment to a Foreigner in Turkey
The writer tries to clarify this part with tow questions
- Could the owner sell the apartment to a foreigner?
Yes, the owner can sell the apartment to a foreigner; also, the foreigner can obtain residency permission by buying an apartment.
Whenever a foreigner intends to get citizenship through an ownership program, the purchase must be bought from Turkish citizens.
2. Do foreigner owners sell apartments to Turkish citizens?
Yes, because Turkish citizens, in this case, get significant profit by reselling to other foreigners.
The Best Places for Buying an Apartment in Turkey
The best cities in Turkey for buying an apartment are Istanbul, Izmir, Bursa, and Antalya, respectively. Istanbul is the first in terms of properties’ demanding, return investment, and limitless available options. Moreover, Istanbul is a modern and civilized landmark that possesses capable public facilities and a special geographical position.
- The apartment must be paid in cash.
- Three previous owners must not have been foreigners.
In this situation, buyers could get citizenship in 3 months. In addition to getting citizenship permission, they are not allowed to sell the apartment for three years.
Citizenship Permission Through Property Ownership in Turkey
The property that prompts to citizenship program must be under certain conditions described below.
Not to mention instead of one property, buyers could buy several properties that cost 250000 dollars.
Work permission through Property Ownership in Turkey
It is necessary to know that buying an apartment in Turkey does not cause work permission. Even though anyone finds an appropriate job, obtaining work permission is possible.
The Crucial Points Before Buying an Apartment in Turkey
- Investigate carefully about the apartment you want to buy and be sure the title is not on the mortgage or there is not any creditor .It is obvious that if the mortgage is expired, the bank will take the apartment.
- Title transferring must be done officially in the company of witnesses.
- Investigate the necessity of citizenship for title deed transferring.
- Inform Document Registration Office before title deed transferring.
- The important point is to have a reliable advisor to help you appropriately.
Privileges of Buying Apartment in Turkey
Turkey is a suitable place for residential property investment with particular opportunities such as citizenship permission, residential permission, and benefit from the stable rental investment. In addition, public facilities are comparable with European countries at lower prices. Turkey is a fantastic place for living; it is also a pioneer in the industry field, which guarantees a profitable investment.
Luxurious Apartment for Sale in Turkey
Turkey is famous for bold engineering constructions that provide security from earthquakes. Swanky apartments are equipped with top conveniences matched with luxurious tastes. Residences utilize a swimming pool, fantastic green space,excellent overview, camera surveillance, concierge services, and so on. Apartments near the coastline usually are more expensive than others.
Cheap Apartment for Sale in Turkey
Although Turkey is prominent for its trendy constructions, it is also an appropriate place for those who want apartments with reasonable prices for living, future investment, and rental investment. The country provides opportunities for all tastes and flavors to welcome a flock of international investors with different budgets and purposes.
How to Buy Apartment in Turkey
Preparing an apartment abroad is a challenging, confusing, and overwhelming process, especially when investors seek an apartment suite with their goals, budget and give advantages to return investment guarantee.
Besides, plenty of lawsuits contribute to lucrative investment, and being informed about friendship investment litigation prompts a lucrative investment. All These could happen with a responsible advisor next to you.
City Realty Turkey is a professional team in real estate investment, especially residential property, and established itself in the market through a sense of responsibility, reliability, and scientific-practical experiences. Our team is always ready to answer any query 24 hours a day.