Resale Property in Istanbul
Resale Property For Sale in Istanbul
Resale property in Istanbul is one of the most vital options that Turkey residents or people who want to migrate to this country need to consider. Istanbul has always been one of the world’s great cities. However, it has been ignored for many years due to its lack of credit and a weak economy. But recently, Turkey’s government has transformed Istanbul into a global immigration center. Therefore, property investors and those looking to buy property in Istanbul might profit from a resale property in Istanbul, even though Turkey still has room for improvement.
Why Buy Resale Property in Istanbul?
Istanbul has always been one of the best tourist destinations due to its long history as the reigning hub of the Ottoman and Byzantine empires. Thus, Turkey has become one of the most visited places in the world because of its government opportunities and extensive marketing.
Fortunately, the Turkish government has created new opportunities and rules for buying and selling property in Istanbul, and owning a property in this city is no longer an unattainable dream. In the following, we will tell you everything you need to know about resale property for sale in Istanbul and will give you all the necessary information. Thus, you will find the answer to the question of why you should buy a resale property in Istanbul for sale in our article.
Buying Resale Property for Sale in Istanbul
Between 1950 and 1960, Istanbul started to change dramatically. People from all over Anatolia moved to Istanbul in search of work in 1970. Therefore, the population of this city began to increase. This city has grown into an international metropolis, attracting millions of visitors.
With a population of 15.5 million people and a land area of 5343 square kilometers, Istanbul is one of Turkey’s most populous cities. While Muslims make up the majority of Istanbul’s population, Sunnis also play a role in the situation. Because of its cultural and religious diversity, Istanbul is the most desired city to live in, especially for foreigners.
On the other hand, if you want to buy a resale property in Istanbul, you need to get more familiar with different areas in this city. The European section of Istanbul contains the majority of the city’s historical and commercial centers. Usually, people who immigrate to Turkey for investing and find a job prefer this city as their destination.
The magnificent and unique city of Istanbul is one of the most affordable cities in Turkey to buy resale properties in Istanbul. Istanbul, Turkey’s economic and cultural center, attracts many foreign tourists.
Istanbul is Turkey’s most populous and most expensive city at the same time. Despite this, many foreigners have decided to buy resale properties in Istanbul for amusement, investment, and accommodation due to the city’s amenities and great quality of life.
Help to Buy Resale Property in Istanbul
You may want to buy a second-hand property in Istanbul, Turkey, and do not know what to do about it. Firstly, remember that there are two main types of real estate investments in Istanbul: lifestyle and investment. Most Istanbul real estate buyers look for the ideal combination between the two. CityRealtyTurkey can help you find the real estate you want according to your budget, criteria, and lifestyle, everything you need to buy resale properties in Istanbul.
Each region has different types of used apartments for sale in Istanbul. However, there has been a recent movement to improve luxury complexes, which contain retail malls, on-site gyms, artificial lakes, swimming pools, and other amenities.
This increasing development has attracted many people to unknown regions, including Bahcesehir and Beylikduzu. As a result of the improvements, these places have become sophisticated metropolitan centers that are perfect for buying flats in Istanbul. On the other hand, resale property for slae in Istanbul is cheaper than in other central areas such as Sisli and Levent. Furthermore, this city offers significantly higher rental returns for people looking for central accommodations.
Types of Resale Property in Istanbul
Before you choose a decent property, you must first learn some information. You must understand the many forms of second hand property in Istanbul, as well as what you want from a property and the various possibilities available to you.
Another thing to keep in mind is that you need to get acquainted with the laws of Turkey by consulting a lawyer before taking any action for purchasing an apartment. In the following, we will mention various types of resale properties in Istanbul that you can buy.
Resale Apartments in Istanbul
Because Istanbul is the favored destination for investors from all over the world, there are numerous apartment buildings now under construction. As a result, investing in real estate in Istanbul, where the real estate market is growing at an exponential rate, is a very successful enterprise.
Resale Smart Home Apartments in Istanbul
Smart home apartments in Istanbul use modern technologies. One of the great things about these gadgets is the button technology that lets you control devices like TV screens, doors, air conditioners, and lighting devices with a click.
Resale apartment in Istanbul for investment
This type of apartment in Istanbul is very popular among the public. At the same time, numerous investors from around the world are looking to invest in Istanbul’s secondhand real estate. The improvement is due to the increased amount of money that can be earned by renting or reselling the property.
Apartments in Installments in Istanbul
Istanbul is one of the top cities in the world for selling apartments in installments, making it possible for anybody to acquire a resale property. Due to the fact that these apartments have long-term payments.
Hotel Apartments in Istanbul
These types of apartments are for temporary housing. However, they’re most suitable for tourists and visitors.
One of the most notable qualities of hotel apartments in Istanbul is their proximity to the sea and the Bosphorus. As a result, hotel apartments allow you to relax and enjoy your time there.
Resale Villas in Istanbul
Villas are one of the most luxurious types of property in Istanbul, and they are very popular with foreign visitors. In general, there are three types of villas for sale in Istanbul:
- Large villas consist of a private garden and a private pool for people that care about their privacy and personal life.
- Owners of villas that are part of a residential complex are permitted to access residential amenities such as communal pools, playgrounds, tennis courts, and other amenities.
- Each family has its floor and entrance in the twin villas, which can accommodate two large families.
Thus, you can have a resale property in Istanbul by choosing the most suitable one from three different types of villas.
Resale Shops in Istanbul
One of the attractions of Istanbul is its shopping malls with different goods. Due to their geographical location, these shops can be considered a paradise.
Also, although these shops are very modern, they still have their traditional atmosphere. The best resale shops in Istanbul include Grand Bazaar, Egyptian Spice Bazaar, Arasta Bazaar, İstiklal Caddesi, Woman’s Bazaar, etc.
Resale Houses in Istanbul
Because resale houses are one of the most expensive types of housing in Istanbul, some investors like them. These houses are independent, large, and have fancy spaces. Furthermore, many of them include private gardens, pools, garages, and a variety of other amenities.
Second-Hand Apartments to Buy in Istanbul
Individuals, rather than construction organizations, sell resale apartments in Istanbul. The typical lifespan of these types of residences is over 20 years. They are to be found on Istanbul’s outskirts.
In terms of features and price, there are significant differences between second-hand and new flats. The most important of these is that used apartments are less expensive than new construction. On the other hand, keep in mind that real estate firms are responsible for checking the authenticity and legality of these types of properties.
These real estate agencies are responsible for reviewing property paperwork and ensuring that they are legal and taxed correctly. Real estate experts should review the apartment contract on behalf of both the buyer and the seller, and ensure that both parties follow the contract’s terms.
The good news is that you can locate a selection of new and used flats with varied payment conditions due to the numerous places and neighborhoods. In short, you can find second-hand apartments in Istanbul that meets your needs.
Istanbul Property Purchase Rules
If you are planning to buy a resale property in Istanbul, you should know the necessary rules and details. According to Turkish Law No. 35 and 2644, not all foreign immigrants can buy property in Turkey. However, only a fraction of immigrants are allowed to buy property.
On the other hand, foreign immigrants are allowed to buy up to 30 hectares of land in Istanbul. But if someone wants to buy land to build property, they must do it within two years. Foreign immigrants can only buy 10% of the land in each region. Finally, foreigners cannot buy property in Istanbul in military fields and security zones.
Which Points Should You Consider When Buying a Property in Istanbul?
Before taking any action to buy resale properties in Istanbul, you need to consider some points. Some people may take advantage of the increased property purchases in Istanbul and the concentration of most of the capital in this market to defraud investors. Therefore, you need to pay attention to the following points:
- Firstly, before making any money transfers for property for sale in Istanbul, you should research the status of the flat you wish to buy. We propose that you enquire about the flat’s bank debts, legal limits, bank loans, and other issues with the Turkish Real Estate and Land Registry Agency.
- Secondly, before purchasing a resale property in Istanbul, inquire about the necessary permissions and information from advisors and builders.
- Thirdly, if the worth of the property that you want to purchase is less than $250.000 your residence permit is not guaranteed. Therefore, make sure that your investment is $250,000 or more
- Furthermore, if a dispute arises between the buyer and the seller, both parties have the option of going to court.
- Finally, you are allowed to request to purchase a property in all post offices.
If you pay attention to all these recommendations, you can buy used apartment for sale in Istanbul.
The Cheapest Neighborhoods in Istanbul to Buy Property
There are many districts you can choose to buy cheap apartments for sale in Istanbul. The first cheap district you can buy is Esenyurt. Currently, Esenyurt is one of the cheapest areas to buy a resale property in Istanbul. This neighborhood has many new complexes changing the area and has affordable real estate prices.
Another destination on the list is Arnavutkoy. One of the cheapest neighborhoods for buying resale property in Istanbul is the Arnavutkoy district. Residents of this area are mostly non-native Turks of Istanbul. For this reason, especially if you are not Turkish, you can feel very comfortable thanks to the ethnic diversity of Arnavutkoy.
The last destination on the list is Silivri. Silivri is one of the cheapest areas for buying an apartment. One of the best qualities of this area is its proximity to the Marmara Sea. Firstly, you should know that properties in this area have different qualities. Moreover, if you want to choose this neighborhood, you need to pay attention to the quality of the building you will buy.
The Most Expensive Neighborhoods in Istanbul to Buy Property
The first place on our list is Beşiktaş. Beşiktaş is one of the most expensive areas to resale properties in İstanbul. This neighborhood can be considered small in area and most of its population consists of the elite of the Turkish society.
However, because of its numerous shopping centers, and historical and touristy sites, this neighborhood is also suitable for business professionals. If you are a family with children, owning a property for sale in this area of Istanbul allows you to take advantage of many chances, such as outstanding universities.
Another significant and expensive region on the list is Bebek. Bebek is one of Istanbul’s oldest neighborhoods, located on the city’s European side. Bebek was a small town populated primarily by fishers when the Ottoman Sultan conquered Istanbul. Today, however, Bebek is one of the most luxurious districts of Istanbul. Other most expensive areas in Istanbul that we can mention are:
- Atakoy
- Levazim
- Etiler
- Maslak
- Ortakoy
- Cihangir
- Levent
- Taksim
You can get information about apartments for sale on the European side of Istanbul by examining the locations on the list and contacting our company.
Popular areas for resale properties in Istanbul
Kadikoy
Located on the Asian side of the city, Kadikoy is a vibrant neighborhood with a mix of old and new buildings. It’s well-connected to the rest of the city and offers a variety of shops, restaurants, and cultural attractions.
Beşiktaş
Located on the European side of the city, Beşiktaş is a busy commercial district with a mix of residential and commercial properties. It’s home to several universities, making it a popular area for students and young professionals.
Sariyer
Located on the European side of Istanbul, Sariyer is a more upscale neighborhood with a mix of high-end residential properties and commercial developments. It’s known for its beautiful coastline and scenic views of the Bosphorus.
Bakirkoy
Located on the European side of Istanbul, Bakirkoy is a diverse neighborhood with a mix of residential and commercial properties. It’s well-connected to the rest of the city and offers a range of amenities, including shops, restaurants, and cultural attractions.
Üsküdar
Located on the Asian side of the city, Üsküdar is a historic neighborhood with a mix of old and new buildings. It’s well-connected to the rest of the city and offers a range of amenities, including shops, restaurants, and cultural attractions.
These are just a few examples, as Istanbul has many other areas suitable for resale properties, depending on your preferences and budget. It’s always a good idea to research and consult a local real estate agent to find the best area for you.
How to Buy Resale Property in Istanbul?
CityRealtyTurkey is the ideal business to work with if you want to buy a resale property in Turkey. Our organization assists all investors and persons who want to immigrate to Istanbul, Turkey, by purchasing real estate, with the regulations and criteria of Turkish immigration. If you are interested in buying resale apartments in Istanbul, you can contact our experienced team to increase the security factors of this process.