The Complete Guide to Buying Property in Turkey
There is no more difficult moment than the moment of choosing between more than one special offer for buying a property in turkey. How hard it is to find in every real estate offer a plot that appeals to you, yet you are forced to buy one house."
Indeed, serious and difficult moments are experienced by the investor who wants to buy property in Turkey, in front of the large and growing momentum of offers of properties in Turkey and the size of fierce competition between construction companies that offer weekly new luxury real estate deals and distinct design and location and prices in a country like Turkey that is characterized by a strategic location connects Europe with the Middle East and provides various facilities and tax exemptions in the real estate sector with various types of buildings, the foremost of which are apartments for sale in Turkey.
There are many offers for buying property in Istanbul and Turkey in general, which creates a perplexity for the foreign investor who wants to own a property in choosing the most suitable for him in terms of taste and money, and in this regard Alhuda real estate Company advises to take some important points into consideration in the event of fixation on buying property in Turkey:
- Inspecting the apartment on the ground without being satisfied with the description or photos that are received through promotional advertisements.
- Study the region where the properties are located in terms of infrastructure, facilities, transportation network, and public services.
- Choosing apartments built according to international specifications and standards due to the high price of them over time.
- Ensure that the apartment is free from technical, structural, and design defects.
- Ensuring the integrity of all legal procedures.
- Ensure that there are no debts on the apartment, taxes, and financial property.
- Use the help of a well-known real estate agent in the Turkish market in order to follow all procedures of buying property in Turkey and solve any problem that might face the process.
?What Are the Best Types of Turkish Houses
Offers on buying property in Turkey vary according to the areas and designs where we find more than one offer such as hotel apartments, penthouses, co-ownership apartments, apartments with sea views, apartments at low prices, apartments for sale in installments, which makes the investor have multiple options that put him in front of the imperative of careful and most appropriate selection in many aspects, we separate it as follows:
As you are interested in the property, it is certain that ads of luxury apartments for sale in Turkey have come across you more than once, as the marketer explores the features of this type of apartments, which features wonderful internal and external engineering designs, charming views, vast green areas, and high-quality utility services.
Luxury apartments for sale in Istanbul are designed with a smart home system that relies on very modern and luxurious techniques that allow its residents to carry out all vital tasks in the apartment according to a modern artificial intelligence system.
And while purchasing luxury apartments in Istanbul or Turkey in general you have to choose those located in quiet areas close to luxury commercial complexes and vital facilities and designed according to international standards.
The Penthouse apartments are classified within the most luxurious properties because they contain unique features, as they are built with glass walls in the upper floors of tall buildings and skyscrapers, which means panoramic views of the entire city away from the noise, crowding and hustle and bustle.
And those who want to buy property in Turkey - a penthouse must know that they extend over the entire role of the building, that is, there are no other apartments on the same floor, giving their residents a calm and freedom similar to housing in a separate villa, but it is an exception this time over the clouds and a large area.
The penthouse is built in the heart of capitals and major cities, meaning that it is next to the oldest and most famous commercial establishments with providing luxury services such as a private elevator that differs from the building elevator, bathroom, swimming pool, distinct meeting room and sometimes cleaning services and food delivery.
With regard to the interior of the penthouse, it contains luxury kitchens made of steel, marble floors, wooden décor, temperature sensors, humidity and the intensity of the external winds and the ventilation holes that can be controlled by the building management through the e-mail communication service.
The penthouse apartment is the most expensive in terms of prices of property in Turkey in the real estate market, sometimes exceeding palaces and villas because of its luxurious views, smart equipment, and modern amenities and entertainment that it provides.
The penthouses sometimes reach millions of dollars, while renting them alone amounts to half a million dollars a month, which is competitive prices that made Turkey a favorite destination for Arab investors compared to other real estate capitals.
Apartments with Sea View
Among the most competitive apartments in the Turkish real estate market are the apartments overlooking the sea, given that Turkey is a country that enjoys one of the most beautiful coasts in the world, especially in Istanbul, Antalya, Tarabon, Yalova and Buras.
Construction companies in Turkey are competing to complete their mega projects by the sea due to the increasing demand from those who want to buy property in Turkey whether for living or investing in properties with sea view.
The tourist nature of Turkey has contributed to the construction of several facilities to receive the total number of tourists, which number in one year, has reached 50 million among individuals, groups and families.
Among the tourist facilities, we find luxury hotels that contain luxury apartments for tourists looking for comfort, luxury, and sophistication.
The demand for hotel apartments is greatly increased in all tourist seasons by families visiting Turkey, making an investment in hotel apartments an exceptional deal and a right choice for investors looking for lasting profitability.
Shared Ownership Apartments
What is meant by this type of apartment is that more than one person share the ownership of the property for life, provided that it is used for a specified period during the year for each one of the owners as if a group of investors buy a hotel apartment in a luxury resort and have the right to reside in it or rent it during a specific time period of the year.
The participatory property is the best option for owners of short stays in Turkey or those who want to invest in real estate in Turkey with lower prices and more profits.
Low Priced Property in Turkey
Our offer for luxury apartments with high prices at the top of the article does not mean that you, as an investor with a limited budget, will not find your aim in Turkey, but there are many apartments that suit you perfectly even if you compare them with the prices of similar apartments in the rest of the European countries or in the capitals of the Arabic Gulf similar to Dubai real estate you will find it much lower.
Buying a property in Turkey by Installment
Construction companies have passed the stage of the competition in designs and locations only as they compete now on providing offers to buy property in Turkey in installments for comfortable periods of up to 230 months, or about 20 years, which allowed those who want to invest in the long term the opportunity to buy a property in Turkey by installment, with an average price of 65 thousand Dollars per apartment.
There are many options of property in Turkey, but like what we mentioned in the title of the article, to get rid of confusion you better know, the features that are most important to be found in a property to match both your taste and budget.
Usually, many questions hover in the minds of investors wishing to buy apartments for sale in Turkey, most of them about real estate prices in Turkey, whether they are apartments for sale in European Istanbul, Asian Istanbul, or other Turkish cities.
On the other hand, applications for obtaining Turkish citizenship by owning a property in Turkey have also increased recently, especially after the Turkish authorities' facilities related to granting Turkish citizenship to foreigners.
In the forefront of which is the determination of the minimum value for buying a property in Turkey in exchange for Turkish citizenship at 250 thousand US dollars.
It should be noted that buying apartments for sale in Turkey allows the foreign investor to obtain real estate residency even if the investor buys cheap flats in Turkey. It is the most critical feature that every foreigner benefits from when buying a property in Turkey or buying a retail store or buying apartments for sale in Istanbul.
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Questions & Answers About Buying Property in Turkey
Among the most critical common questions asked by those who buy apartments for sale in Turkey, we find:
- What is the best area to buy real estate in Turkey?
- I want a sea view apartment at a value of 30 thousand dollars, is this offer available?
- What are the real estate prices in Turkey? Real estate prices in Istanbul ??
- Are there cheap apartments on the Bosphorus?
- How can I buy a cheap apartment in Turkey?
- What is the minimum for buying real estate in Turkey 2020?
The buyer has many items related to the real estate issue, and if we do some statistics, we find that most of the questions revolve around real estate prices in Turkey and apartments for sale in Istanbul at low prices in 2020.
We also find questions about buying apartments for sale in Turkey in installments and the lowest amount paid to buy an apartment in Istanbul.
Yes, indeed, you can buy apartments for sale in Turkey at reasonable and cheap prices, and there are many offers that Alhuda Real Estate Investment Company offers to you inside and outside Istanbul.
Among the most important of these places are Ankara, Antalya, Izmir, Trabzon, Bursa and Alanya.
Each of the aforementioned areas has its advantages, some of which are distinguished by stunning sea views, and some of them are distinguished by history and heritage.
For apartments in Turkey, their prices vary according to the location and age of the apartment or property.
For example, if the apartment is old and far from the Metrobus, the price will be affordable and it is easy to find cheap apartments in Turkey, but if the apartment belongs to a residential complex and is close to transportation, the price will be high compared to an apartment in a normal building outside the complex.
There are those who prefer to live in residential complexes because of the availability of many services and permanent guarding, and in return, others do not care about such advantages, and their goal is to buy a property in Turkey and obtain continental residency at the lowest price.
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As for the answer to the question of whether there are apartments next to the Bosphorus at low prices, there are no cheap sea-view apartments offered.
The high prices in this region are due to being a central and vital area and the sea surrounding it.
As for apartments with remote sea views, their prices vary according to their proximity and distance from the sea, as well as their proximity and distance from the city center.
You can find apartments for sale in Turkey at a price of up to 20 thousand dollars, but these apartments are old, and most of them are apartments without a title deed.
It is also far from the city center, markets, and central areas, and thus the residents of these areas are forced to use the dolmus to reach the Metrobus.
Therefore, you must pay attention and be patient when choosing a Turkey property and not rush to buy apartments for sale in Turkey. Consequently, we recommend consulting an expert in the field of real estate in Turkey or dealing with a reliable real estate company to help you choose the right property for you. Here, Turkey's guidance for real estate investment offers you the best option and reliable accompaniment for buying apartments for sale in Istanbul and other cities.
Turkish Property Prices 2021
A topic such as the prices of apartments for sale in Istanbul and Turkey in general, its analysis differs from one person to another, for example, a new two-room apartment and a salon for 300 thousand dollars based on the coast of the Marmara Sea in the Bakirkoy area is considered a cheap and an opportunity for real estate investment in Turkey.
The same apartment specifications in another area far from the city center and transportation are not cheap, even if it is $ 100 thousand.
So the expense or licenses of the apartment or real estate in Turkey are determined by the investor according to his vision and purpose of buying apartments for sale in Istanbul or real estate in Turkey in general.
According to the location and specifications, the prices of apartments for sale in Turkey vary from one apartment to another. It is impossible to find an apartment with a Bosphorus view at the same price as an apartment overlooking the sea. It is also impossible to compare an apartment in the city center close to transportation with an apartment far from everything.
Turkish property prices also differ from one city to another. For example, real estate prices in Istanbul and real estate prices in Izmir are entirely different.
The tabu has a significant role in determining the price of apartments in Turkey, so an apartment with a ready-made title deed is more expensive than an apartment that does not have a title deed. Do not forget that apartments in residential complexes have different prices from apartments outside residential complexes. Buying a property under construction is cheaper than buying a ready property.
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Another aspect that you must consider when determining the prices of apartments for sale in Turkey is the apartment area.
For example, there are two-room apartments and a salon with an area of 150 meters and another 125 square meters, and the price of the flats varies by 20%, and this also applies to villas for sale in Turkey.
However, in the villas' parameters, an additional determinant is included: the area of the land belonging to the estate, and the location of the existing building is added to it.
The prices of villas in Turkey also vary according to the sea views and the previously mentioned limitations.
The average price of a typical villa in Istanbul ranges between 300 and 500 thousand dollars, depending on the region. Prices may reach five million dollars, depending on the features of the villas.
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For residential complexes, prices range from 100 to 250 thousand dollars for a two-bedroom apartment and a salon.
You can also find a lower price of up to $ 70,000 if it is located in a remote area, and the complex does not have many services.
As for the regular apartments outside the residential complexes, their price ranges between approximately 70 and 150 thousand dollars. The price is not fixed, of course, depending on the spaces, views, and region.
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How to Rent a Property in Istanbul
If you want to rent a property in Istanbul, you realize that the prices of apartments for sale in Istanbul are somewhat high
Here are these conditions:
- You cannot benefit from apartments in Istanbul that are rented for commercial purposes.
- You will not be able to rent apartments in Istanbul with anyone else.
- As a tenant of the property in Istanbul, you will send the installments to the property owner's account within a maximum period of the evening of the fifth day of each month.
- As a property tenant in Turkey, you must report any damage that results from not vacating the property in cases that require eviction.