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Advantages of Buying Apartments in Turkey

: 2019-07-27 Modified date : 2019-08-17

Advantages of Buying Apartments in Turkey
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Real estate market in Turkey has made qualitative leaps in the field of investment, and the demand has been unprecedented in recent years.

The index of purchase of apartments in Turkey continues to increase, as evidenced by the set of statistics received from the statistical institutions, which we published in a timely manner.

In this article, we read some important points regarding buying apartments in Turkey, and some additional things that must be mentioned, and other things useful to know when buying an apartment in Turkey.

Is a foreigner entitled to own apartments in Turkey?

Article 35 of the Turkish Property Law, 2012, on property rights, concerning the ownership of foreigners in Turkey, provides that a foreigner be entitled to own real estate and apartments in Turkey, if the property is immovable, not located within a military zone, or any territory that follows the State in general.

Some laws have been enacted for certain nationalities, in which citizens have been given the right to buy a property that is specifically earmarked for housing.

Apartments in Turkey

The most important advantages of buying apartments in Turkey?

In Imtilak Real Estate knowing the answer to these questions is indispensable, and we will give some important details on the subject in the following lines.

There are many reasons to think about real estate investing in Turkey. One of the most important advantages of buying apartments in Turkey:

  1. Obtaining Turkish nationality and getting Turkey's strong passport internationally, when buying a property worth not less than 250 thousand US dollars, and provided not to sell for three years.

Under this law, a buyer of the property is granted Turkish nationality, his wife and children who are under the age of 18 years.

Citizenship procedures are carried out in a relatively short period after completion of the buying process.

  1. Getting real-estate residence in Turkey: The property owner, his wife, and children are entitled to a real estate in Turkey, which is renewed annually if the value of the property is less than the US $ 250,000.
  2. Achieving a profitable return on investment based on Turkey's attractive tourism force, by leasing homes during the various tourist seasons throughout the year, at good prices.
  3. The social environment in Turkey is a conservative environment and is close to Eastern and Arab customs and traditions, which gives a feeling of tranquility when thinking of living in Turkey.
  4. The relatively low cost of living in Turkey, compared with Europe and the countries of the region, with the benefits of a well-off life.
  5. Apartment prices in Turkey are cheaper than in European countries, with modern infrastructure.
  6. Turkey has a variety of beautiful places, a charming nature, a mild climate, and the ancient civilization of the beautiful cities of Turkey.

Property in Turkey

Where is the best option to buy apartments in Turkey?

There is no doubt that the main cities of Turkey are cities with an advanced urban activity, where there are many tourists and investors alike, and to travel from all parts of the earth.

The ideal accommodation options are available in Turkey's state-of-the-art developments in the residential complex system, which is a safe and integrated service environment in a luxurious and sophisticated social environment.

Among the most important and popular cities to stay in are the major cities: Istanbul, Trabzon, Bursa, Antalya and other cities. Each city has its own advantages.

Recent statistics have pointed to Istanbul is Turkey's best-selling real estate city, and is arousing interest from foreign investors looking for apartments for sale in Istanbul. Especially in the areas of Istanbul European, close to major projects, and highways in the city, where prices are expected to rise near those areas and is a great option to stay or invest for those who search for apartments for sale in Istanbul.

The following is a sample of apartment prices in Turkey, among the most important projects of the city of Istanbul:

IMT-153 Grand Palace Project

  • The project is located in the municipality of Zeytinburnu which is the center of Istanbul in the European part. It is located on the coastal road linking Ataturk Airport to the city center. It also has a charming sea view on the Marmara Sea.
  • Grand Palace Project is located directly on the marina on the Marmara Sea coast, which the municipality of Istanbul has started to construct. There will be restaurants and cafes and there is a seaport for 250 yachts.
  • Only a few minutes walk from the E5 highway, one of the most important roads in the city. It is also close to the Marmaray metro line, which connects the Asian-European side.
  • Its proximity to many commercial and educational centers from universities and schools, as well as shops within the project, makes it an important real estate investment opportunity in Istanbul Turkey.
  • The project is close to Ataturk Airport, which let you reach the airport for no more than 10 minutes. It is also close to the Asian side due to its proximity to the Eurasia Tunnel that connects the two sides of the city.

 Buy an apartment in Turkey

Number of rooms 

Minimum space

Number of bathrooms

Parking

The Minimum price is in US dollars

1+1

54

1

1

184.000

1+2

104

2

1

343.000

1+3

163

4

2

576.000

 

IMT-95 Istanbul Residence 3 Project

  • The project is close to the third bridge's link that is called Yavuz Selim Bridge which leads to the third airport.
  • One minute proximity to the largest medical city project in Europe, which is planned to contain nine large hospitals in different disciplines, and will doctors, nurses and patients from different countries of the world.
  • The project’s area is characterized by its vitality and provides all the supplies.
  • The project is considered a real estate investment opportunity because of the surrounding projects from the square, the medical city, the botanical garden, and the metro station, all of which will be ready within two years.
  • With the guarantee of the Turkish government and the partnership of the municipality of Basaksehir.
  • The apartments are now sold in the Residences section and starting a new phase.
  • Close to Salah al-Din mosque, the second largest mosque in Istanbul.

 Prices of apartments in Turkey

Number of rooms 

Minimum space

Number of bathrooms

Parking

The Minimum price is in US dollars

1+1

70

1

1

89.000

1+2

105

2

1

142.000

1+3

158

2

1

194.000

1+4

202

2

1

212.000


Edited by: Imtilak Real Estate©

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