Check out the steps for buying real estate in Istanbul:
Do you think that buying real estate in Istanbul is easy? Or is there a specific plan that you must follow to find the property that suits you?
What you should know is that Istanbul is a city with a large area spanning two continents at the same time, which makes the choices many and the choice more difficult, and for that you need clear steps to follow, and this is what we will present to you through this article.
How to buy a property in Istanbul?
Through the following paragraph, we will provide you with all the correct steps in order to buy a property in this city.
First step: define your goal well.
It is not possible to search for real estate for sale in Istanbul or in other Turkish cities without having a clear and explicit goal.
In general, most of those who buy real estate in Turkey either aim to obtain Turkish citizenship, enter the world of real estate investment, or for housing and stability.
Real estate investment: If this is your goal, your search should be according to certain rules and regulations in order to ensure that you get abundant profits and high returns.
Turkish citizenship: here, you must search for real estate that matches the conditions for obtaining it (that is, the value of the property should be no less than two hundred and fifty thousand US dollars).
Housing and stability: Make sure that you choose the right property for you, your desires, and your financial balance, and you are not obligated to follow any rule.
Second Step: Determine your financial budget:
It is also necessary to determine the financial balance because it determines the area that suits you and the specifications of the property, and this reduces a lot of random search.
Among the benefits that result from your study of the physical budget is to keep you away from encountering other expenses that were not included in your financial plans.
Third Step: Hire a real estate company:
Having a real estate company is essential when buying a property in Istanbul, as it saves you a lot of effort, fatigue and the trouble of searching. But is any real estate suitable? Of course not, as you must choose it according to certain bases, which are as follows:
- It must be of wide reputation and fame in the real estate market.
- You have to check out the services it provides.
- You can communicate with clients who have already dealt with it.
- It is important that you meet the officials in person.
- Check how well the advisors respond to you and your questions.
- Visit the company's website.
Fourth Step: Take Real Estate Tours:
It is necessary to make field tours to visit the most important real estate projects available in the real estate market in Turkey to get an idea of ??the existing specifications and decide what suits you.
You should know that your investment in real estate projects helps you to buy property quickly because Istanbul has many options to suit different tastes and budgets.
Fifth Step: Complete the ownership procedures:
After you have found the right property for you, there are several routine steps that you must take, which are as follows:
1 - You must obtain a security approval (the purpose of which is to ensure that the property is not located in a security or military area).
2 - The contract must be signed between the seller and the buyer in the presence of two witnesses.
3 - The property value should be paid through a bank in Turkey.
4 - Preparing the documents required to extract the title deed.
Visit this link and see the most important areas of Istanbul and its most prominent advantages (Uskudar):
https://www.estatesforistanbul.com/en/blog/viewpost/76
What are the most important advantages of buying a property in Istanbul?
Do you have an idea about the advantages of buying a property in Istanbul? With the huge urban renaissance it is witnessing, it was the choice of many investors around the world. Here are the highlights.
1 - The procedures for ownership in Istanbul are easy, as government departments are distributed everywhere.
2 - You may think that real estate prices in Istanbul are very high and that they are suitable only for the rich, but in reality this is not accurate, as you can find suitable and expensive properties.
3 - This city is characterized by being home to the most important infrastructure projects that had a positive impact on the real estate side.
4 - There are many high-end real estate projects suitable for everyone (residential complexes).
5 - It is an ideal environment for real estate investment due to the high population density it witnesses and also the constant foreign influx to it.
6 - One of the most important tourist destinations in the world because of its famous landmarks such as palaces - museums - natural places and parks.
Top tips when buying real estate in Istanbul:
No matter how deep your experience is in the real estate field, it is indispensable for you to get some tips and advice, and this is what we will present in the following paragraph.
1 - If you want to start a real estate investment project, beware of choosing properties that are located in cheap areas because they do not offer the high returns you desire.
2 - If your financial balance does not allow you to pay the price of the property in cash, you can choose to purchase a property in installments.
3 - If you hope to get high returns, you should choose a distinguished geographic location, such as areas close to large strategic projects.
4 - If you are going to live with your family in the property, make sure that public services are available near it, such as transportation, schools and universities.
5 - If you want to obtain Turkish citizenship, you must choose a property with investment specifications in order for its price to increase during the three years and thus ensure the growth of your capital.
In this article, we have provided you with the most important information that you need to know when you want to buy a property in Istanbul, and we hope that it will be sufficient to answer your various questions on this subject.
If you want to own real estate in this city, you can contact us to help you find what suits you and meets your desires.
Types of real estate in Istanbul:
Buying apartments in Istanbul
Buying Villas in Istanbul
There are a number of reasons why you should consider buying a villa in Istanbul. The city has a rich history and culture, and is one of the most famous tourist destinations in the world. It is also a major business hub, with a large number of multinational companies based there. Istanbul is located in a beautiful setting, with the Bosphorus and the Sea of ??Marmara running from the south.
The city has a Mediterranean climate, with hot, dry summers and mild, humid winters. There is a wide range of real estate prices in Istanbul, varying according to the location and type of property. Villas tend to be more expensive than apartments, but they offer more space and privacy.
Buying commercial real estate in Istanbul
Istanbul is one of the most popular cities in Turkey for commercial real estate investment. It offers a wide range of opportunities to investors, from offices and retail spaces to hotels and hospitality.
The city's central location, growing economy and large population make it an attractive destination for businesses of all kinds. With the increasing number of international visitors, there is a growing demand for the hotel and hospitality business.
Investors should be aware that the real estate market in Istanbul is subject to changing conditions, so it is important to consult a knowledgeable local agent before making any purchase.
Suitable areas for buying a property in Istanbul:
One of the basic steps that you must take when buying a property in Istanbul is to get to know the most important areas and some of their advantages so that you can choose among them easily.
-Esenyurt district in Istanbul
Esenyurt is a large and densely populated district in the European side of Istanbul. It is located in the northwest of the city center, behind the Belgrade Forest.
Esenyurt is an industrial and residential area.
Factories and working-class apartment complexes are interspersed with parks, mosques, and other amenities.
The area has good transportation links with the rest of Istanbul, as many bus and metro lines pass through it.
-Beylikduzu district in Istanbul
Located on the European side of Istanbul, Beylikduzu district is one of the largest districts in the city with a population of more than 500,000 people.
The area is famous for its large parks and green spaces, as well as many shopping centers and restaurants.
Beylikduzu is also home to a number of universities and colleges, making it a popular destination for students from all over Turkey.
-Bahcesehir district in Istanbul
Bahcesehir district is located on the European side of Istanbul, it is a relatively new district, having only been established in 1987.
-The district houses a number of schools, including Bahcesehir University, as well as a number of parks and green spaces.
The area is also home to a number of businesses and office buildings.
-Basaksehir district in Istanbul:
Basaksehir is also home to many parks and green spaces, which is a rarity in Istanbul. And if you are looking for a more affordable option than some of the other neighborhoods in Istanbul, then Basaksehir is definitely worth considering. Here are some of the advantages of buying a property in Basaksehir, Istanbul:
- Basaksehir is well connected to the rest of Istanbul via public transportation.
- Basaksehir is home to many parks and green spaces.
-Basaksehir is a more affordable option than some other neighborhoods in Istanbul.
Related articles:
Cheap apartments for sale in Turkey
Real estate investment guide in Istanbul
Conditions for obtaining Turkish citizenship
Types of Turkish passport and its features
Benefits of buying a property in Turkey
How to obtain real estate residence in Turkey?
