Are you looking for a chance to enter the most profitable investment sector in Turkey? Old houses for sale in Istanbul Turkey give you that opportunity. This article will highlight important details about the old homes for sale in Istanbul, and how they have become excellent investment opportunities.
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General Information about Old Houses for Sale in Istanbul Turkey
When a person refers to an “old house for sale in Istanbul,” they are referring to a used property that has previously been occupied by one or more owners.
Old houses for sale in Istanbul Turkey are among the real estate types that attract a large number of investors because of the low payment needed to buy them.
Most of the old homes for sale in Istanbul are located in prime locations with access to all services, and the possibility of earning the highest investment return rates.
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Can Foreigners Own Old Houses for Sale in Istanbul?
Foreigners have the legal right to own old homes for sale in Istanbul as well as any other real estate, including apartments and commercial properties.
This is all in accordance with Turkish law and the rules for foreign ownership of real estate, which were updated in 2012.
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Conditions for Purchasing Old Homes for Sale in Istanbul
The conditions for foreigners to own old houses for sale in Istanbul Turkey are the same as those for foreigners to own real estate in Turkey generally, and they are as follows:
- Old houses for sale in Istanbul Turkey shouldn’t be more than 30 hectares.
- The amount of real estate that a foreigner owns cannot be more than 10% of the total area of the administrative region to which the property belongs.
- The property cannot be located in a military or security zone.
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How to Own Old Houses for Sale in Istanbul?
Due to its qualities as components of investment success, owning an old house for sale in Istanbul has become a goal that a large class of investors are looking for.
You can own old houses for sale in Istanbul Turkey by contacting Lale Real Estate Group to get the best offers and investment opportunities.
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Advantages of Buying Old Houses for Sale in Istanbul Turkey
The following are some of the top benefits of having an old house for sale in Istanbul Turkey:
- Old houses for sale in Istanbul are affordable, which makes it a great option for people with average wealth.
- Having an old house for sale in Istanbul is a profitable investment opportunity.
- The idea of owning an old house for sale in Istanbul has a very significant investment value added by the Turkish economy.
- Turkey is a first-class tourist country in the world, and therefore owning real estate in Turkey is a successful investment idea, as these properties have a great demand that is increasing day by day.
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Pros of Owning an Old House for Sale in Istanbul
There are various pros to buying an old house for sale in Istanbul Turkey, including:
- Low capital requirements, the main benefit of owning an old house for sale in Istanbul.
- Most of the old houses for sale in Istanbul Turkey have large spaces, that can accommodate a number of family members.
- Old houses for sale in Istanbul Turkey often enjoy independence and privacy.
- There are many golden opportunities to own old homes for sale in Istanbul in the most important tourist areas in Turkey.
- Old homes for sale in Istanbul give you the chance to move in right away without having to wait for building to be finished.
- Most of the old houses for sale in Turkey are located in vital areas full of services.
- Some old houses for sale in Istanbul Turkey were designed with traditional designs that are preferred by some investors.
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Cons of Owning an Old House for Sale in Istanbul
As for the cons of owning an old house for sale in Istanbul, they are as follows:
- Sometimes old houses for sale in Istanbul Turkey need restoration or maintenance.
- The costs of old houses for sale in Istanbul are often paid in cash without installments.
- Some old houses for sale in Istanbul Turkey lack some recreational services, unlike modern apartments in residential complexes.
- Most of the old homes for sale in Istanbul are not compatible with the program of obtaining Turkish citizenship.
- Some of the interior design features of the old homes for sale in Istanbul are out of step with modern real estate projects.
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Detailed Steps to Purchase Old Houses for Sale in Istanbul Turkey
The first thing you must do before entering this industry is to determine the desired and expected goal of this project, as well as the budget, in order to ensure that this real estate style matches your goals.
For this reason, before beginning the steps of owning an old house for sale in Istanbul, you must first define the goal of this investment.
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Contacting a Trustworthy Real Estate Company
In order to purchase an old house for sale in Istanbul, the next step is to get in touch with a reputable real estate company with extensive experience in real estate investment in Turkey.
We, at Lale Real Estate Group, will be glad to help you through your purchase process.
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Real Estate Tours to Old Houses for Sale in Istanbul Turkey
The third step in purchasing an old house for sale in Istanbul requires you to go on a real estate tour to view the house that was recommended to you by the real estate company.
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Choosing an Appropriate Old House for Sale in Istanbul
Have you finished your real estate tour? You can now choose the old house for sale in Istanbul that you prefer and is compatible with the possibility of achieving your investment goals.
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Pay The Deposit and Sign The Purchase Contract
In order to ensure that you get your desired property, you have to pay the deposit of the old house for sale in Istanbul, and then in that step you have to pay the payment and sign the purchase contract.
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Documents Required to Purchase Old Houses for Sale in Istanbul Turkey
The following documents should be prepared in order to complete the procedures for purchasing an old home for sale in Istanbul:
- Tax number.
- Real estate appraisal document.
- Real estate insurance against earthquakes.
- A valid passport for a period of not less than six months, translated into Turkish and notarized by a notary.
- Number of personal photos of the seller and buyer.
Lale Real Estate Group offers you the opportunity to accompany you during the preparation of all the documents required to complete their processing legally.
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The Title Deed of Old Houses for Sale in Istanbul
After preparing the required documents, you can go to the Land Registry to obtain the title deed of your property.
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Why Choose Living in Old Homes for Sale in Istanbul?
Here are other significant benefits of choosing old homes for sale in Istanbul:
Excellent Monthly Return
The kind of real estate investment chances that many investors are looking for, monthly profit returns, are offered by old houses for sale in Istanbul Turkey.
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Long-Term Investment
Are you looking for a good long-term investment opportunity? You can achieve this opportunity by owning old homes for sale in Istanbul.
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Low Prices
The low competitive price of old houses for sale in Istanbul Turkey may be their most distinguishing feature.
These properties give you the opportunity to obtain a long-term investment return with the least amount of capital in a strong economically and investment-friendly country.
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How to Search for Old Houses for Sale in Istanbul Turkey?
Contacting Lale Real Estate Group can help you find the best real estate deals and interesting investment options when looking for old houses for sale in Istanbul Turkey. Don’t hesitate to contact us by clicking here.
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Are There Old Houses for Sale in Istanbul Turkey in Installments?
These are the primary drawbacks of purchasing old houses for sale in Istanbul Turkey, as there are no options for installment payments compared to other types of real estate.
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Are There Old Houses for Sale in Istanbul with Sea Views?
Of course, there are old houses for sale in Istanbul that have a stunning and distinctive sea views.
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FAQs about Old Homes for Sale in Istanbul
Are the prices of old houses for sale in Istanbul Turkey cheap?
The prices of old houses for sale in Istanbul Turkey are cheap compared to other modern properties within residential complexes.
Can a foreigner own an old house for sale in Istanbul?
Yes, a foreigner can own an old house for sale in Istanbul easily and without any obstacles (unless he is among the five prohibited nationalities from real estate ownership in Turkey).
What are the main conditions of owning old homes for sale in Istanbul?
The main conditions of owning old homes for sale in Istanbul are:
· Old houses for sale in Istanbul Turkey shouldn’t be more than 30 hectares.
· The amount of real estate that a foreigner owns cannot be more than 10% of the total area of the administrative region to which the property belongs.
· The property cannot be located in a military or security zone.
