Istanbul

To invest in Istanbul property is to enter one of the world’s most promising real estate markets. This ever-revolving hub is a centre of excellence for tourism, education, business, economy, and trade investments. Every day, hundreds of apartments, villas, and commercial properties are bought and sold, as the city works around the clock to become one of the globe’s top financial hubs. Istanbul plays an enormous part in Turkey’s 2023 vision plan to be a top-performing country, and aside from that, it is the country’s beating heart even though it isn’t the capital. Therefore, real estate investors from around the world flock to boost their portfolio and tap into masses of capital appreciation potential. So, if you are an investor or a home buyer who wants to own property in this city, that has shaped historical timelines over the centuries, what do you need to know so your investment benefits you?

Where to Invest in Istanbul Property
Asian Versus European Istanbul ​


When it comes to real estate, look at any portfolio to see most of it revolves around the European side. However, the Asian side also presents a lot of opportunities, and places like Kadikoy and Uskudar are high profile because of frequent ferry transport connections. Sabiha Gokcen airport services the Asian side, whereas the new Istanbul airport, Turkey’s biggest and most ambitious megaproject services the European districts. When complete, it will be the world’s biggest air travel hub connecting residents to over 300 countries around the globe.
Most Expensive Districts for Property
The city’s massive size encompasses 39 different districts. Some are more prominent on the housing market and therefore command a higher price per square meter. An excellent example is Besiktas. This high-profile area is one of the most desirable places to live and work. Any neighbourhood lining the Bosphorus shores will command a higher price. Besides, the Ottoman princes' island mansions and yali mansions are millionaire properties, with the general rule that if you have to ask the price, you can’t afford it.

Best Areas to Invest

Even though Istanbul is an ever-revolving hub, it is not an area for short-term investments. Instead, it offers ideal mid to long term potential, especially in the European side, where local councils are ploughing billions into upgrading and implementing state-of-the-art infrastructure and an excellent transport network.

These outskirt districts also attract investors because of mega projects like the airport, but for house buyers, a big lure is the modern buildings. Many are lifestyle residences comprising apartments, and duplexes with a range of on-site facilities like swimming pools, gyms, saunas, and landscaped gardens. Some developers, besides offering off-plan prices, also offer cash discounts. Places in the outskirt European areas to look at include Esenyurt, Beylikduzu, and Atasehir.

To invest in Istanbul property is to enter one of the world’s most promising real estate markets. This ever-revolving hub is a centre of excellence for tourism, education, business, economy, and trade investments. Every day, hundreds of apartments, villas, and commercial properties are bought and sold, as the city works around the clock to become one of the globe’s top financial hubs.

Istanbul plays an enormous part in Turkey’s 2023 vision plan to be a top-performing country, and aside from that, it is the country’s beating heart even though it isn’t the capital. Therefore, real estate investors from around the world flock to boost their portfolio and tap into masses of capital appreciation potential. So, if you are an investor or a home buyer who wants to own property in this city, that has shaped historical timelines over the centuries, what do you need to know so your investment benefits

When it comes to real estate, look at any portfolio to see most of it revolves around the European side. However, the Asian side also presents a lot of opportunities, and places like Kadikoy and Uskudar are high profile because of frequent ferry transport connections. Sabiha Gokcen airport services the Asian side, whereas the new Istanbul airport, Turkey’s biggest and most ambitious megaproject services the European districts. When complete, it will be the world’s biggest air travel hub connecting residents to over 300 countries around the globe.

Most Expensive Districts for Property

Even though Istanbul is an ever-revolving hub, it is not an area for short-term investments. Instead, it offers ideal mid to long term potential, especially in the European side, where local councils are ploughing billions into upgrading and implementing state-of-the-art infrastructure and an excellent transport network. These outskirt districts also attract investors because of mega projects like the airport, but for house buyers, a big lure is the modern buildings. Many are lifestyle residences comprising apartments, and duplexes with a range of on-site facilities like swimming pools, gyms, saunas, and landscaped gardens. Some developers, besides offering off-plan prices, also offer cash discounts. Places in the outskirt European areas to look at include Esenyurt, Beylikduzu, and Atasehir.

Buy-to-let Properties

Istanbul is also a hub for buy-to-let properties. If you aim to capture the tourism market, look at the Beyoglu district in what is known as new Istanbul, or the old part Fatih district, that includes iconic landmarks like the Hagia Sophia, Blue Mosque and Topkapi Palace. Naturally, given the city’s high profile status, it is also a significant business travel hub. Central business districts are Levent and Maslak on the European side. At the same time, Sisli is a retail mecca boasting of enormous shopping malls and many commercial premises coming up for sale every week. Also of Interest: This article highlights prominent areas of where to buy in Istanbul, and why they stand out on the housing market.

How to Buy Property in Istanbul

The first step is to decide on your budget. As a baseline, property prices start from PKR 10M to 12M also factor in extra purchasing costs that are roughly 9% of the selling price. Once you know your budget; start looking at areas. If you are unaware of the city, and local amenities like shopping malls, schools, medical facilities and transport links, our regional sales agents have in-depth knowledge.

Do you get Residence Permit for buying property ?

For Real Estate purchase and Residence Permit ID card, buying property in turkey is started by the non-Turkish buyer’s passport translation into Turkish at the public notary and obtain the national Tax Number free from the government Sales Tax Department, and sign-off at the government Tapu and Land Cadastro office on same day.The Turkish government announced recent that 300.000 foreigners citizens have purchased USD 50 Billion values land and property investment in turkey since 2005. Natural persons of foreign origin are granted the right to acquire Turkish citizenship by means of exceptional procedures upon purchase of real estate worth USD 250,000 and more.

For this purpose, foreigners:​
  •  Shall purchase real estate worth at least USD 250,000
  •  Shall state, in the application for acquisition, that they purchased the real estate for this purpose, the title deed should state this purpose, and the foreigner shall declare that they shall not sell the real estate for three years in the section of the form where declarations are made.
Once the land registry procedures are complete, the foreign national may apply to the relevant administrations to claim the right of residence or citizenship by submitting the certificate of eligibility to be issued for the owner.

Get Yourself Ready for Turkey

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