The real estate market in Istanbul for foreign investors has opened its doors wide to receive capital and sustainable investment.
Istanbul is well known and has approximately 39 regions between its Asian and European sides, large and luxurious projects, reasonable prices, and exceptional attractions.
A light introduction that can be built upon to reach the most important thing you should know about the real estate market in Istanbul for you and foreign investors. The ideal house Real Estate team has prepared for you most of the information that can be said to be directed to you in order to invest in the city of Istanbul, and this information is based on several axes: The article is as follows:
•Real estate market in Istanbul 2024
•Criteria for choosing the appropriate property in Istanbul
•Real estate investment facilities and incentives in the real estate market in Istanbul
Real estate market in Istanbul 2024:
Some may say that the real estate market in Istanbul in 2024 is stagnant and there is no movement similar to what it witnessed before the Corona pandemic. Yes, we will not say that this information does not exist and is exaggerated. It is true that it exists, but it can be said that the recovery stage is now at its best after three years of Corona pandemic.
The inflation factor also still plays a role in the rise in real estate prices in Istanbul, knowing that this advantage is both positive and negative on the one hand. On the one hand, investors previously earned distinctive numbers of investment returns, and on the other hand, it was for those who want to invest in the real estate market in Istanbul currently. Completely different numbers than before!
In general, the real estate market in Istanbul for foreign investors still attracts many people, as we saw in the news last period how Saudi Arabia has strengthened its direction of its citizens to buy real estate in Istanbul and Turkey in general, and this indicates that the recovery period is in its stages of completion and the real estate market in Istanbul is recovering from new.
Criteria for choosing the appropriate investment property in Istanbul:
Investing in the real estate market in Istanbul requires a careful analysis of several basic factors, which include location, infrastructure, facilities, investment growth potential, and expected rental value. Choosing the ideal geographical location is considered one of the most important factors that the investor should focus on, as it directly affects… On return on investment, here are the most important criteria with details.
•Infrastructure and facilities with services:
Advanced infrastructure and the availability of public facilities and basic services play an important role in increasing the attractiveness of real estate for rent or sale! The investment depends largely on rental and resale returns, of course, so the investor must take into account the availability of all the facilities and strong infrastructure of the property’s location, including public transportation, schools, hospitals, and nearby shopping centers when evaluating the property.
•Potential for periodic investment growth:
Istanbul is a city with high economic and urban dynamism, which means that real estate investment growth opportunities are widely available. Our team always provides analysis of market trends and future developments in the region, which can help investors make correct decisions based on correct standards, numbers, and analysis.
•Expected rental value:
It is also important to understand the rental market in Istanbul, so that this helps investors determine the expected return on their investments, and areas with high demand for rents offer excellent investment opportunities, especially in light of the continued growth of tourism and trade in the city, especially in areas such as Basin Express and areas. Maslak, Sisli, Atasehir and other important investment areas in the heart of Istanbul.
Real estate investment facilities and incentives in the real estate market in Istanbul:
Buying a property in Istanbul and obtaining real estate residency
One of the most important advantages you will get when investing in the real estate market in Istanbul is obtaining real estate residency, which has many advantages in light of the importance of having a residence permit in Turkey if you are an investor or resident on Turkish lands in general and not just in Istanbul.
There are conditions that must be met, of course, when purchasing a property, the most important of which are the following:
•Firstly, it must be a residential property and this must be stated in the title deed.
•Secondly, the property value allowance must not be less than $200,000.
•Thirdly, do not buy real estate in areas prohibited for real estate residence.
•Fourth, the exchange of funds in the Central Bank from Turkish foreign currency.
•Fifthly, ensure that the real estate evaluation value of the property before purchasing is consistent with the real value.
•Buying real estate in Istanbul and obtaining Turkish citizenship
•Certainly obtaining Turkish citizenship by purchasing a property in Turkey is the most attractive way to the real estate market in Istanbul for foreign investors, first in terms of increasing capital and secondly obtaining personal gains for you and your family, and this is what •Turkey was able to collect for you through these incentive policies.
The important conditions that must be met when choosing this type of investment are the following:
•First, the minimum amount for real estate must be at least $400,000.
•Secondly, the exchange of foreign currencies to Turkey at the Central Bank.
•Third, the value of real estate is transferred from the owner to the seller exclusively via a bank transfer.
•Fourth, the properties suitable for Turkish citizenship are only residential and commercial apartments!
•Fifth: Seizing real estate for three consecutive years and obtaining a certificate of conformity.
•Sixth: Apply for investment residency before applying for naturalization.
•ideal house Real Estate is proud to provide integrated real estate advisory services that help investors in the real estate market in Istanbul seize the best opportunities that provide significant investment returns. Through our wide network and deep understanding of the market, we guarantee our clients access to the best offers and investment opportunities available.
The real estate market in Istanbul for foreign investors is considered a major option that must be put on your list when thinking about investing, obtaining profits, and developing capital. Our article explained to you the latest news about the real estate market in Istanbul with the most important criteria for choosing appropriate real estate and real estate investment facilities in it as well, for detailed information. More contact us here.
ideal house Real Estate Company offers you its services in Turkey and Istanbul specifically. These services include purchasing real estate and applying for Turkish citizenship, in addition to all the accompanying legal advice and protection through specialized lawyers. And do not forget that we provide you with all after-sales services from real estate management, furnishing, and much more. Also on the trip to buy real estate in Turkey.
common questions
What are the most important criteria for choosing the appropriate property in Istanbul?
Location, infrastructure and facilities, investment growth potential, and expected rental value are among the most important criteria.
What are the conditions for obtaining Turkish citizenship by purchasing a property?!
•First, the minimum amount for real estate must be at least $400,000.
•Secondly, the exchange of foreign currencies to Turkey at the Central Bank.
•Third, the value of real estate is transferred from the owner to the seller exclusively via a bank transfer.
•Fourth, the properties suitable for Turkish citizenship are only residential and commercial apartments!
•Fifth: Seizing real estate for three consecutive years and obtaining a certificate of conformity.
•Sixth: Apply for investment residency before applying for naturalization.
