What are the best areas to buy an apartment in Istanbul in 2024?

There are several prime areas to buy an apartment in Istanbul, including Şişli, Maslak, Beşiktaş, Kadıköy, Ortaköy, and Beykoz. These areas offer a variety of residential property options and boast attractive features such as proximity to transportation, beautiful views, and modern amenities.

What are the requirements for obtaining Turkish citizenship through real estate investment?

Turkish citizenship can be obtained by purchasing a property worth at least $400,000 USD, with the condition of not selling the property for at least three years. Citizenship can also be obtained by depositing $500,000 USD in a Turkish bank or making a fixed investment of $500,000 USD.

What are the essential tips before buying an apartment in Istanbul?

Important tips include studying the real estate market in the desired area, verifying the credibility of the project and the owning company, reviewing the title deed to ensure the property is free of any debts, and negotiating the price. It is also advisable to hire a local lawyer to ensure that the legal procedures go smoothly.

Can apartments in Istanbul be purchased in installments?

Yes, many real estate companies in Istanbul offer apartments for sale in installments, such as the D-156 project in Maslak, which provides multiple installment options along with integrated facilities like swimming pools, gyms, gardens, and security services.

How do I start the process of buying an apartment in Istanbul as a foreigner?

The process starts with obtaining a Turkish tax number, opening a local bank account, and then searching with the help of a trusted real estate agent. After agreeing on the price and signing the contract, a lawyer is appointed to review the property legally. The final payment is transferred, and the apartment is officially registered in the buyer's name at the Land Registry Office, with the option to apply for residency or citizenship if the property's value exceeds $400,000.

Apartments for sale in Istanbul 2024

Purchasing real estate in Turkey, specifically in Istanbul, is an unmissable opportunity for many, whether they are investors or individuals seeking residence in a vibrant global city. If you are one of these individuals, I recommend starting by defining your purpose for the purchase: Are you looking for a property for investment, for living, or to obtain Turkish citizenship?

Defining your purchase goal helps in selecting the right area for you and your budget, as property prices vary according to location, infrastructure, and the surrounding area. Modern areas like Basin Express, located in the heart of European Istanbul and close to the new Istanbul Airport, as well as Basaksehir, attract investors due to urban development, while areas like Besiktas and Sariyer are ideal for luxury living.

The next step in completing the purchase process is to collaborate with a reliable real estate agent to ensure a secure buying experience. It is also advisable to visit the properties in person to assess their quality and surroundings, while ensuring you study the local laws of the chosen area and understand potential costs such as taxes and registration fees.

Here are some tips that can help you before taking the step to purchase property in Turkey:

Study the real estate market in Turkey before buying to understand the prevailing prices in the areas you are interested in, as property prices can vary significantly between neighborhoods and cities.
Verify the credibility of the real estate project, especially if it is still under construction; you can check the company's record and reputation in the market to ensure you are living in a licensed and legally guaranteed project.
Make sure to review the title deed before purchasing to confirm the accuracy of the information provided and that the property is free of any debts or liens.
Don’t hesitate to negotiate for a better price, as most properties in Turkey are negotiable; a skilled real estate agent can help you secure a great deal.
Consider additional costs when determining your budget, such as taxes, transfer fees, agent fees, and attorney fees.
It is advisable to hire a local attorney in Turkey to ensure that all legal procedures are correct, especially if you are a foreigner.

A two-bedroom apartment is available for $200,000 after the discount.

Our unique project is located in Bahçeşehir, set in a green oasis in the heart of the city, covering an area of 25,000 square meters, of which 20,000 square meters are dedicated to green spaces and services. The project consists of 8 residential buildings with 226 apartments of various sizes, allowing you to enjoy a peaceful and comfortable life amidst nature while benefiting from all the amenities and services the project offers. Invest in our unique project and experience the best of life in Bahçeşehir.

Amenities include:

Beautiful indoor gardens
Children's playgrounds
Green spaces
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Turkish bath
Fitness center
Closed parking
Outdoor swimming pools
Steam rooms
24/7 security
Basketball court
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Sisli Apartments for sale

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Luxury Residential Tower in the Heart of Mecidiyeköy: Modern Design and Comprehensive Services

Experience a lavish lifestyle in the tallest residential tower in Mecidiyeköy. Our unique project features 257 luxury residential units, 58 commercial offices, 4 cafés, and 17 retail shops to meet all your needs.

Modern Design and Spacious Areas

Diverse Units: The project offers a variety of residential units to suit all needs, ranging from small apartments (1+1) to spacious apartments (1+5).
Luxury Finishes: All units feature high-end interior and exterior finishes using the latest materials.
Panoramic Views: Enjoy stunning city views from your private balcony.

Services and Amenities

Tall Towers: The project includes two towering buildings that provide panoramic views of the city.
Spacious Area: The project is built on a 23,700 square meter area, offering ample space for amenities and services.
High-Speed Elevators: The project features 7 high-speed elevators to ensure easy movement between floors.
Reception Services: The project boasts a 24/7 reception service to cater to all your needs.
Commercial Facilities: The project includes a shopping center with a variety of shops, cafés, and restaurants.

Best areas to buy a propety in Istanbul 2024

Kadıköy: Located on the Asian side of Istanbul, it is known for its vibrant atmosphere and local markets.

Beşiktaş: Considered one of the most attractive areas for youth and investors due to the presence of universities, cafés, restaurants, excellent transportation, and its proximity to the Bosphorus Strait.

Ortaköy: Famous for its stunning sea views, it is one of the upscale areas in Istanbul, featuring many popular restaurants and cafés.

Şişli: Known for its commercial prominence, it includes upscale shopping centers, offices, and luxury apartments, making it an ideal area for investors.

Maslak: Home to upscale residential complexes and advanced business centers, it offers a modern lifestyle with contemporary facilities and green spaces, making it a preferred location for families.

Beykoz: Renowned for its natural beauty and tranquility, it is suitable for families, offering stunning sea views and a comfortable living environment.

Best areas to buy a propety in Istanbul 2024

Şişli Area :

Şişli is considered one of the most important areas in Istanbul, blending modernity with history. Located on the European side of the city, it offers easy access to various places thanks to public transportation. The area features large shopping centers like "City’s Nişantaşı" and "ViaPort Mall," along with a variety of restaurants and cafés. It also has residential apartments that cater to all budgets, as well as schools, clinics, and sports facilities, making it a socially suitable place for families and a viable option for real estate investment.

Apartment Prices in Şişli:

Şişli is one of the prestigious areas in Istanbul, which is reflected in the apartment prices. Here’s an overview of the prices:

Studio Apartments: Prices start from $150, 000 an d c an re a c h u pt o$ 250,000 depending on the location and available amenities.
One-Bedroom Apartments: Prices range between $200, 000 an d$ 350,000.
Two-Bedroom Apartments: Prices start from $300, 000 an d c an g o u pt o$ 500,000 or more, especially in areas close to transportation and amenities.

Factors Influencing Prices in Şişli:

Location: Apartments near shopping centers, transportation, and public facilities tend to have higher prices.
General Condition of the Property: New or renovated apartments may be more expensive compared to older ones.
Amenities: The availability of amenities such as swimming pools, gyms, and security services also affects prices.

Potential Price Increase in Şişli:

Şişli has seen a noticeable increase in prices in recent years, and this trend is expected to continue with ongoing development in the area and rising demand for properties.

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Apartments for Sale in Maslak:

Maslak is one of the largest and most upscale areas in Istanbul, located on the European side within the Sarıyer district. It features towering buildings and modern residential complexes. In recent years, Maslak has experienced significant urban growth and development, making it a preferred destination for living and investment in Istanbul.

It boasts a strategic location, close to the TEM highway and the coastal road, facilitating access to other areas of Istanbul and placing it near the central business district. Maslak also offers a range of commercial facilities, including shopping centers, upscale restaurants, and cafés to meet the needs of its residents. The area is near Belgrade Forest, providing residents with opportunities to enjoy green spaces and outdoor activities.

Some of the prominent ongoing projects in Maslak include: Project 42 Maslak, DAP Yeni Levent Project, and Skyland Project.

Apartment Prices in Maslak:

Prices vary based on the type of apartment, its size, and its location within the residential complexes. Here’s an overview of apartment prices in Maslak:

Studio Apartments: Prices start from $200,000 and increase based on the apartment's views and available amenities.
One-Bedroom Apartments: Prices range between $250, 000 an d$ 350,000, making them a great option for individuals or couples.
Two-Bedroom Apartments: Prices for two-bedroom apartments range from $350, 000 t o$ 600,000, especially in luxury residential complexes with stunning views of the forests or city landmarks.
Luxury Apartments: Prices start from $700, 000 an d c an e x cee d$ 1 million, depending on the location and available amenities.

Istanbul has recently become a haven for many foreign nationalities seeking real estate investment, residence, or even Turkish citizenship. Here are the steps for purchasing an apartment for American and European citizens:

Steps to Purchase Apartments in Istanbul for American and European Citizens:

Obtain a Turkish tax number by visiting the local tax office with your passport.
Open a local bank account to facilitate money transfers and payment of purchase fees.
Search for the suitable property with the help of a reliable real estate agent.
Negotiate the price and payment terms, then sign a preliminary sales contract between the parties.
Hire a specialized lawyer to ensure there are no liens, debts, or legal obstacles on the property.
Transfer the first payment or the full agreed amount to the seller's account, along with paying the property transfer tax, which is approximately 4% of the property's value, and the title deed registration fees.
After payment, the property is officially registered at the Land Registry Office, with the presence of both the seller and buyer at this stage or by appointing a lawyer to complete the procedures.
Apply for Turkish residency or citizenship (optional) if the property's value is $400,000 or more.

Best Real Estate Company in Turkey

When searching for a real estate company, you'll find many options, but it's essential to look for a reliable company for real estate sales in Turkey. One of the best companies in this field is Damas Group.

Since its establishment in 2014, Damas Group has focused on providing the best service to its valued clients by offering the finest types of real estate options within luxurious residential complexes and smart apartments with attractive architectural designs and services that suit the lifestyle of modern families. Over the years, Damas Group has built strong relationships with the most reputable construction companies in Turkey, making it stand out and rank among the most reliable and professional real estate companies in dealing with Arab and foreign investors looking to achieve high investment returns in a country recognized by experts as a successful investment hub regionally and globally in the real estate sector.

Related Articles:

- Real Estate Residency in Turkey, click here...

- Studio Apartments: Features and drawbacks, click here...

- Real Estate Residency for Arab Communities, click here...

Keys to finding related properties:

- Apartments for sale in Istanbul

- Government-guaranteed properties

- Properties with special installment plans

- Villas for sale in Istanbul

- Properties for sale in Başakşehir

In the competitive real estate market, Damas Group Real Estate aims for excellence by offering the latest information and news about the Turkish real estate market. Our specialized marketing team is always ready to respond to your inquiries and answer all your questions. Our sales representatives are qualified and receive ongoing training to maintain top-notch work quality.

At Damas Group Real Estate, we have a diverse real estate portfolio that meets all your investment aspirations. We offer you our various options and aim to connect you with developers with whom we have strong relationships. We help you with all procedures, and even after you buy a property, we offer crafted investment plans to maximize returns through resale.. Contact us to learn more.

Since our establishment, we have been striving to reach the top in serving our clients. Your opinions and comments matter to us as we strive to climb the ladder of success towards the summit.

Apartments for sale in Istanbul 2024