Ownership apartments in Istanbul

Owning apartments in Istanbul is a great opportunity to settle down and have a unique lifestyle. Below we will learn all the details about owning these apartments.

Ownership apartments in Istanbul do not represent just residential units, but rather an opportunity to achieve stability and enjoy a unique and distinctive lifestyle in one of the most exciting and diverse cities in the world and below we learn more about this wonderful offer for owning apartments in Istanbul.

Reasons to search for ownership apartments in Istanbul

1. The unique and distinctive city, crossing the borders of continents and combining the beauty of Europe and the spirit of Asia and the Bosphorus crossing and its famous bridges are not just brown structures, but rather symbols of love and romance, and an attraction that brings together lovers and visitors.

2. It has a moderate climate that makes all seasons of the year enjoyable, as there is no exhausting heat in the summer or extreme cold in the winter and the city is flooded with greenery, with its charming landscape of forests and gardens

3. There is a rich history living in the buildings of Istanbul, where palaces, bridges, castles, towers and mosques come together to tell ancient stories.

4. Istanbul is a place for everyone, whether you are looking to invest or live. Education is remarkably advanced in its schools and universities, and Turkish degrees are internationally recognized.

5. Despite its size, Istanbul remains a decentralized city, with each municipality having its own independent services and specialization.

6. Municipalities compete to provide the best in organizing infrastructure and improving public life, from developing roads and opening parks to building hospitals, schools, and shopping centers.

7. Istanbul is a city connected by extensive networks of multiple means of transportation, such as the subway, trams, antennas, and metro bus.

8. Turkish real estate developers stand out for their innovation and impressive architectural designs in luxury residential complexes that attract global investments.

9. Housing complexes in Istanbul provide an integrated life that includes a luxurious reception, security services, parking, gardens, playgrounds, and shops.

10. Technology occupies a large place in Istanbul residential complexes, where the smart home system is included among the amenities and security.

11. Although real estate prices in Istanbul are high compared to some other regions, they do not compare to European real estate prices, which makes it an ideal destination for investment and living luxuriously and economically.

12. The opportunity to obtain Turkish citizenship by purchasing an apartment in Istanbul worth 400 thousand US dollars and pledging not to sell for 3 years

13. By purchasing a property in Istanbul worth 75 thousand US dollars, you can obtain real estate residency in Turkey

14. You can obtain a Turkish passport after being granted Turkish citizenship by purchasing an apartment in Istanbul

Ownership apartments in Istanbul and their types

1. Apartments within residential complexes: These apartments are characterized by the availability of a variety of social and entertainment services within the complex, and are usually located in vital and central areas in Istanbul and it is known for its modernity and commitment to the highest standards of construction and aesthetic designs and these apartments usually consist of one room and a hall and can reach up to seven rooms and two halls.

2. Apartments inside independent buildings: These apartments lack services and are often located between alleys and alleys and they are difficult to access, often old, and do not adhere to building standards.

3. Duplex apartments: They consist of two floors connected by a staircase, and usually include a main hall and kitchen on the lower floor, and bedrooms on the upper floor.

4. Triplex apartments: They consist of three or more floors and are similar to duplex apartments in design, but they feature more rooms and space.

5. Loft apartments: Also known as spacious apartments with high ceilings and large windows and they have few rooms and usually have a suspended floor.

6. Penthouse apartments: They are considered the most luxurious residential properties in Turkey and are usually located on the upper floors of towers or skyscrapers and it features panoramic views and is constructed with the most luxurious materials and decorations.

Steps to own apartments in Istanbul

1. You must contact the real estate advisor and inform him of your desire and goals to purchase the apartment and the consultant will advise and guide you towards suitable options based on his knowledge of the Istanbul real estate market.

2. The consultant will explain to you the laws and taxes related to purchasing property in Turkey and you must understand the legal and tax obligations of purchasing and owning.

3. Based on your information and needs, the consultant will send appropriate real estate offers containing detailed information about the real estate project, including location, pictures, unit areas, and prices.

4. If you find an apartment that suits you, you can make an initial reservation to keep the unit selected.

5. A real estate tour will be arranged where you will visit the selected real estate project and listen to a detailed explanation about the designs, facilities and the model apartment.

6. A property valuation will be arranged to ensure that the price proposed for the property is appropriate and fair.

7. The consultant will help you complete the legal papers required to purchase the property, including signing the contract and obtaining the permit from the Turkish notary.

8. You will sell the foreign currency to the Turkish Central Bank and transfer the value of the property in Turkish Lira to the seller. The real estate ownership will then be transferred in the Land Registry Directorate.

Factors affecting the prices of ownership apartments in Istanbul

1. The apartment's area plays a big role in determining the price and large apartments are usually more expensive than small apartments and it depends on the buyer's personal requirements and family size.

2. If the real estate project offers facilities and services such as swimming pools, sports fields, entertainment areas, parking, guarding, and security, it is expected that the price of the apartment will increase.

3. The quality of finishes and materials used in construction affects the price. Apartments with luxury and modern finishes are often more expensive.

4. If the apartment overlooks beautiful scenery such as the sea, mountains or city, this can increase the price of the apartment.

5. The apartment must comply with all local laws and regulations and make sure all legal papers and documents are in order.

6. Supply and demand affect real estate prices. If there is a large supply of similar apartments in a particular area, prices may be more competitive.

7. The impact of economic conditions and general economic factors on the real estate market can also affect apartment prices.

8. Political or social unrest in the region can affect prices.

9. You may find that there are special deals or offers that affect the prices of some apartments at certain periods.

In conclusion, owning an apartment in Istanbul is considered an exciting investment opportunity and an ideal choice for living in a city that combines history and modernity, offering a comfortable and diverse life and regardless of your personal interests and requirements, you will find an apartment that meets your expectations in Istanbul.

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