If you are planning to buy real estate in Turkey, here are some significant information regarding Turkish real estate law, best way to buy real estate in Istanbul, buying investment property in Istanbul, investing in Turkey real estate, how to buy real estate in Istanbul, and buying real estate in Turkey.
Recently, there have been huge developments in certain cities in Turkey, which increases the value of buying real estate in Turkey.
Turkish government put many efforts to improve the country with all fields such as, buying real estate in Turkey, education, health, infrastructure, etc.
You can find a variety of residential and investment properties in many areas in Istanbul.
Read more: Look at Sisli and buy Real estate in Turkey
Table of Contents
Best Way to Buy Real Estate in Istanbul
First of all, you should select your goal, whether you prefer buying investment property in Istanbul or a residential one for the future.
Second, we recommend to visit Istanbul real estate projects and see the property with your eyes.
Don’t depend on pictures and videos, they are not enough and you may be deceived with brokers.
If you are abroad and cannot see Istanbul real estate projects, hire a lawyer to keep you up with the details according to Turkish real estate law.
You should also talk to a lawyer before signing the contract to check and make sure of all your rights.
Moreover, choose a vital location for your property when buying real estate in Turkey, so you can get a good return from its rent.
Last but not least, don’t buy real estate in Turkey before contacting with a real estate advisor to give you the best advice about how to buy real estate in Turkey.
Lale Real Estate advisors are waiting for you to help you choose the ideal property that suit your requirements.
Why to Buy Real Estate in Turkey?
Turkey is one of the advanced countries in the Real estate market around the world.
It has a strategic location at the crossroads of Europe and Asia, which makes it special for many investors.
Turkey’s cities grow and develop day by day, where many Real estate projects are opened for buyers and investors.
It consists of two sides, the European side and the Asian side, both are growing, but most investors prefer buying real estate in Turkey on the European side.
There are more than 433 shopping centers are working in Turkey, with a large area of 13 million square meters, and with many young workers.
In 2018, the total number of sold homes in Turkey reached 1.4 million residential units.
Istanbul ranked the top in the sold properties in Turkey, with 14270 sales, while Antalya with 7,938 sales, Bursa with 2,720 sales, and Ankara with 2,133 sales.
Between 2010 and 2019, the annual growth in the office market had reached 42 percent, and more than 1.7 million square meters of offices are still under planning.
The annual property tax is about 0.2% of the value of the property, which is very low and this encourages the investors the most.
If you are ready to start investing in Turkey real estate and buy Real estate in Turkey’s best locations, we advise you to choose a strategic location, so you can get a high monthly rent.
Investing in Turkey Real Estate
Buying investment property in Istanbul is one of the safe and long-term investments in Turkey.
In general, foreign investors prefer investing in Turkey real estate for many reasons, including the importance of Turkey’s location, Turkey strong economy, and the low taxes.
Investing in Turkey real estate can grant the investors profits from two things, the increasing value of the property and the rental income.
Our Real estate experts are waiting for you to offer you the best investment in Turkey real estate to buy an investment property in Turkey.
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Turkish Real Estate Law
- Turkish real estate law regulates all purchases and sales of real estate.
- The owner must completely transfer the ownership to the buyer, these written procedures are documented in the Turkish Land Registry Office.
- The contract should contain all the conditions and information about the owner and the buyer such as, property title deed, identity documents, and price.
- This document legally obliged both the buyer and the seller to carry out all its procedures. This must be done in acceptance of both.
- Title deeds come with blue and red colors, the blue refers to a buying land in Turkey or a land with a house, while the red ones refer to the units in the residential complex.
Read more: Questions about Turkish citizenship
Encouraging Reasons to Buy Real Estate in Turkey
Turkey has received a great focus from many investors and buyers around the world for many reasons.
It is considered the first option for tourists when choosing a city to visit and having great memories.
You can find a lot of historical places, entertainment spots, cinemas, theaters, and many interesting places in Turkey such as:
Topkapi Palace: It is the largest palace in Turkey. and was the main residence of the Ottoman sultans during the imperial period.
It is a famous palace, and has many sacred Islamic relics, extensive exhibitions and a museum.
Blue Mosque: Sultan Ahmed Mosque is best known for the Blue Mosque, and its name derives from the blue tiles that adorn the interior walls. The mosque is a place of worship and a popular tourist attraction.
Galata Tower: It is one of the dominant landmarks on the European side of Istanbul. You can get a 360-degree aerial view to see the panoramic of the city and watch Istanbul’s historical skyline.
Additionally, many students come to study in Turkey, as it has a lot of governmental and private universities, such as Istanbul University, Izmir University, Koc University, and Marmara University.
It also focuses in the health sector to provide its citizens all the health requirements they need.
Buy Real Estate in Turkey and Get Citizenship
Buyers will find their requests when planning of buying investment property in Istanbul or buying real estate in Turkey in many cities such as Istanbul, Bursa, and Antalya.
There are many luxury houses and massive complexes with all the needed facilities if you want to buy real estate in Turkey.
And one of the encouraging reasons to buy real estate in Turkey is that you can get Turkish citizenship after buying investment property in Istanbul with an amount of $250.000.
The Turkish citizenship will open the doors around you to get many benefits as Turkish citizens.
Read more: Esenyurt Meydan Istanbul – Best Guide
Read more: Best residential compounds in Istanbul
How to Buy Real Estate in Istanbul?
First and the most, choose the perfect location when buying real estate in Turkey, which is near to many important facilities including, schools, universities, and hospitals.
You should also choose a comfortable apartment with various services, it’s your home!
There are many options and styles in Istanbul real estate projects, Lale Real Estate Group are here to provide you with the top projects to buy Real estate in Turkey.
List to Buy Real Estate in Turkey Istanbul
If you want to buy real estate in Turkey, here are some luxurious projects in Istanbul, Turkey:
Read more: Property tax in Turkey 2022 Full Detail
Read more: Best 10 reasons to buy a property in Turkey
It is located in the luxury area of Bahcesehir, near the airport and the TEM road.
The project has many facilities such as a fitness center, children’s pool, sauna, jacuzzi, places for walking and morning sports, and high-security service.
For more info to buy real estate in Turkey at Referans Bahcesehir project, click here.
This project is like a paradise in Istanbul with its great features and facilities.
It is based on a land of 13 thousand square meters, with a unique modern design, it has both residential and investment advantages due to its location.
It consists of a 15-storey building with 360 apartments, 24 apartments of 1 + 1 and 2 + 1 on each floor.
The project is close to many important places such as, the medical city Cam and Sakura (the largest medical city in Europe) and Istanbul’s third airport.
For more info to buy real estate in Turkey at Mavera Residence project, click here.
It is one of the largest Istanbul real estate projects in Beylikduzu area on the European side of Istanbul city.
This project has a great investment value, as it is located in a strategic location and has many featured services.
For more info to buy real estate in Turkey at Deniz Istanbul project, click here.
It is one of the residential and investment projects that is located on the European side of Istanbul.
The luxury of the project comes from enjoying the charm of nature without missing the enjoyment of life in Istanbul.
Sinpas Boulevard Sefakoy is an ideal choice for investing in Turkey real estate, as it has a high value in Kucukcekmece district.
For more info to buy real estate in Turkey at Sinpas Boulevard Sefakoy project, click here.
It offers investment and life advantages through its apartments that overlooking the sea or the landscape.
Its excellent location near the marina and E-road attracts the investors for buying real estate in Turkey in this area.
For more info to buy real estate in Turkey at Liv Marmara project, click here.
Do you know what the benefits of buying a property in Istanbul? Contact me to find out why!