Buy an apartment in Turkey using Bitcoin 2024
The main topics
- Buying Properties in Turkey with Bitcoin and Digital Currencies
- Purchasing Real Estate in Turkey with Bitcoin and Digital Currencies
- How to Buy Property in Turkey with Bitcoin and Digital Currencies?
- Apartments suitable for buying with Bitcoin
- Villas for sell with Bitcoin
- Benefits of buying real estate with Bitcoin
Buying real estate in Turkey with Bitcoin and digital currencies How to buy a property in Turkey with Bitcoin and digital currencies Apartments suitable for buying with Bitcoin Villas suitable for buying with digital currencies Benefits of buying real estate with Bitcoin
Buying Properties in Turkey with Bitcoin and Digital Currencies
The COVID-19 pandemic has opened the world’s eyes to the digital world and accomplishing tasks online. Turkey was one of the first countries to keep pace with the development happening in the world and opened its doors to electronic transactions. Today, Bitcoin and other cryptocurrencies have become very popular in the Turkish real estate market and represent a significant opportunity for owners of digital assets to invest their profits in the real world. The Turkish government has provided many facilities for foreign investors who do not have the time or desire to travel to buy their property. The strength and durability of the Turkish economy have encouraged many investors to trust its real estate market.
Purchasing Real Estate in Turkey with Bitcoin and Digital Currencies
The recent years have seen a noticeable increase in the use of encrypted digital currencies as this asset has proven its strength in preserving the value of capital against inflation factors.
The real estate market has seen a steady increase in the use of Bitcoin as a means of payment due to its ease of transfer, shortening distances and time for the property buyer, providing the ability to pay the value of the property directly, in addition to other significant advantages for both the seller and the buyer. Especially after the Turkish government and the Banking Supervision Authority declared in 2013 that Bitcoin activities are legal and digital currencies can be used as a method of payment when buying properties in Turkey to facilitate payment transactions and money transfers and speed up purchase operations. This has made buying properties using cryptocurrencies a tempting matter and an attraction factor, especially for countries that have problems in transferring money where many investors from countries such as Russia, China, and Iran express a desire to invest in real estate in Turkey, especially after the laws that facilitated dealing with cryptocurrencies and made bringing them to Turkey within a legal framework.
How to Buy Property in Turkey with Bitcoin and Digital Currencies?
Economic analysts in Turkey believe that it has become impossible today to ignore digital currencies as they have become part of the global economy. In this article, we will review the steps to buy property for investors wishing to use their digital currencies in the Turkish real estate market and take advantage of the features it offers.
Steps to Buy Property with Bitcoin
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The first and most important step to buy a property with Bitcoin is that you need to authorize a legal entity to take responsibility for following up on the property purchase procedures and licensed by the Turkish government. When using Bitcoin to conduct your real estate transactions, you should look for real estate agents and companies that have experience in using Bitcoin in selling or buying a house and have a reputation and reliability.
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Choose your dream home from the rich and diverse range of properties we own at Damas Group Real Estate.
Today, you can own your property in Turkey wherever you are with simple steps.
Today, the foreign investor is able to conduct virtual real estate tours online without the hassle of traveling. In addition, he can visit the title deed department virtually via live video instead of the traditional visit, all of which were among the many facilities that the Turkish government provided to foreign investors.
At Damas Group Real Estate, we offer you the best real estate offers and distinctive investment opportunities and virtual tours in apartments for sale in Turkey.
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Negotiate the price in order to fix the property price in dollars or Turkish lira by paying a deposit to reserve the apartment in addition to agreeing on the delivery time and payment plan and installments.
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If you do not wish to travel to Turkey and own your property from your home, you must send an official agency stating that Damas Group Real Estate is accredited to represent you in order to complete the procedures for owning an apartment in Turkey.
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Our first steps include extracting the real estate appraisal report, which is a guarantee to get the property at its real price without exaggeration and is a mandatory document to ensure the buyer passes all the purchase steps within a sound legal framework.
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We prepare all the required documents such as the tax number, a copy of the translated passport, and other identification papers that we have previously mentioned in a previous article.
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In this step, the client decides to pay the property amount using the encrypted digital currencies and the client signs a contract to buy the property with Bitcoin with Damas Group Real Estate, where our company strives to provide all the guarantees to our clients and we do our best to complete all transactions transparently by keeping the client informed by informing him of every step.
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Sending the encryption and starting the exchange process and in this step the buyer’s role comes to transfer the price of the apartment to the real estate agent in Damas Group Real Estate, where the amount equivalent to the price of the property in the digital currency Bitcoin is calculated at the current exchange rate. Then the buyer can transfer at any time he wants and after we receive the encrypted currency in our accounts we transfer it to paper currency directly at the real market price at the same moment.
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After the investor paid with the encrypted currency, we transfer the money in paper currency to the seller and provide him with completing all the purchase procedures to obtain the title deed within 5-7 days.
And you can get Turkish citizenship from buying your property using Bitcoin if the value of the property is 400 thousand dollars or more or apply for obtaining the real estate residence for the property owned by a value of 250 thousand dollars. We at Damas Group Real Estate are specialists and have years of experience in obtaining citizenship and real estate residence through investment and we have provided it several times before to our clients.
We spoke about best investment property stratagies for 2024 Read more
Apartments for sell with Bitcoin
Whether you are looking for a luxury apartment overlooking the Bosphorus, or a modern apartment in the heart of the city, our team at Damas Group Real Estate offers you countless options in all Turkish cities that suit all tastes and budgets. Let us start our journey in exploring some of these wonderful projects where we will take a look at some of the projects in Istanbul that are suitable for investors who want to use their digital currencies to own distinctive investment opportunities in the city of Turkey.
Istanbul Complex 085
Location: The project is situated in Istanbul, specifically in Maslak, one of the most luxurious and prestigious areas in the European section. It is positioned on the Bosphorus Strait near the Sultan Mehmed the Conqueror Bridge, providing a prime location.
Delivery Date: The anticipated delivery date for the project is December 30, 2025.
Payment Method: The payment plan includes a 40% down payment, with the remaining amount payable in installments over 24 months.
Property Type: The project comprises 13 buildings with a total of 720 apartments. Options range from 1+1 to 1+5, catering to various preferences and needs.
Proximity to City Center: The project is conveniently close to Taksim Square and other vital tourist areas. It also benefits from its proximity to the "Vadi" metro station, making it strategically located for potential future price increases due to high demand.
Airport and Transportation: The development is 16 km away from the city center and 36 km from the airport. Its closeness to the metro station enhances accessibility and adds value to the property.
About the Area: Maslak is renowned for its integrated services, modern infrastructure, and its location along the Bosphorus Strait. The area is expected to experience a significant surge in property values in the future.
Location: Situated in Istanbul, specifically in Kucukcekmece, the project is positioned in the Atakent area in the European section, just 500 meters from the Bahariye metro station.
Delivery Date: The expected delivery date for the project is December 31, 2024.
Payment Method: The payment structure involves a 60% down payment, with the remaining amount to be paid in installments over 8 months.
Property Type: The development comprises 5 buildings with a total of 413 apartments, offering diverse options from 1+1 to 1+4 to cater to different preferences.
Proximity to City Center: Known for its modern designs and high-quality finishes, the project is strategically located near the city center and is only 500 meters away from the Bahariye metro station in the Atakent area. This proximity adds to the convenience and attractiveness of the location.
About the Airport: The project is 15 km away from the city center and 34 km from the airport, ensuring accessibility and ease of travel for residents.
Area Development: The Atakent area is witnessing increased property prices due to government initiatives to establish various projects in the vicinity. This contributes to the investment value of the project.
Nearby Attractions: The development is close to prominent shopping centers, such as Arena Park Mall and the Mall of Istanbul, and is situated near the main E80 highway connecting the European and Asian regions. This ensures convenient access to essential amenities and transportation hubs
Villas for sell with Bitcoin
We have a large collection of villa projects designed with the latest standards and that constitute a distinctive investment addition to diversify your financial portfolio. You can pay all the installments using your digital currencies quickly and comfortably through our company. We will show you some of the options in the most modern and sophisticated areas of Istanbul.
Istanbul Complex 201
Location: Nestled in the heart of Istanbul, the project is situated in Bahcesehir, one of the most enchanting areas strategically positioned in the middle of the Istanbul map.
Delivery Date: Anticipated to be completed by December 1, 2025.
Payment Method: The payment plan involves a 20% down payment, with the remaining amount payable through convenient installments over a span of 24 months.
Property Type: The development consists of 232 villas, featuring the 1+4 type configuration. The villas range in size from 188 m2 to 281 m2, providing a diverse range of options for residents.
Proximity to City Center: Bahcesehir is poised for significant growth, especially with its close proximity to the upcoming Istanbul water canal project. This strategic location is expected to lead to a substantial increase in property prices, making it an attractive investment.
About the Airport: The project is conveniently located approximately 30 km from the city center and 31 km from Istanbul International Airport. This ensures easy access to essential transportation hubs.
Surrounding Amenities: The development is in close proximity to various attractions, including Shamilar forests, Akbati Mall, and entertainment centers like Aqua Dolphin and the Chocolate Museum Billet. These amenities enhance the quality of life for residents.
Villa Details: The 232 villas are spread over a sprawling 50,000 m2 area, offering spacious and comfortable living spaces.
Istanbul Complex 288
Location: Situated in Pendik within the Asian section of Istanbul, the project is strategically located for tranquil living while providing easy access to essential amenities.
Delivery Date: The expected completion date for the project is June 1, 2025.
Payment Method: The payment structure involves a 50% down payment, with the remaining amount conveniently spread over 60 months through installment payments.
Property Type: The development comprises 7 buildings, offering a variety of residential options. Four buildings feature apartments with diverse styles ranging from 1+2 to 2+5 duplex configurations. Additionally, three buildings consist of villas with two floors, designed in the 1+4 type.
Proximity to City Center: The Pendik area offers a luxurious and modern living experience, designed to meet the highest quality standards. Nestled in a quiet area away from the city's hustle and bustle, the project is only minutes away from the Marmaray metro line. This metro line facilitates convenient transportation, connecting the European and Asian sections of Istanbul.
About the Airport: The project is located 55 km away from the city center and is in close proximity to the airport, being only 11 km away. This ensures easy access to transportation hubs for residents.
Comfortable Payment Plan: The project features a comfortable and flexible payment plan, providing residents with a convenient and feasible way to invest in their homes.
Benefits of buying real estate with Bitcoin
Benefits of buying real estate with Bitcoin
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Using encrypted currencies (Bitcoin) to buy real estate speeds up the purchase process and reduces the time required to transfer money and makes buying and selling a home very easy even when the seller and buyer are hundreds of miles apart. Especially if the price of the property is high, which makes it easy to transfer large amounts instantly without the need for checks or cash.
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You will not need to deal with the bank or any third party or broker and you will not have to pay any transfer fees.
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It provides a high degree of security when transferring cash in encrypted currency.
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It is a great opportunity for owners of encrypted assets to invest their profits from digital currencies in the real world and convert them to fixed assets and diversify the financial portfolio.
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You will be able to pay the cost of buying any property immediately without delay and without the need for any banking or intermediary payment system.
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Investing in real estate is an excellent way to diversify your financial portfolio.
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Dispensing with the paperwork that takes a lot of time in typical transactions.
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Using digital currency investments and their profits in the real estate sector, especially in a country like Turkey, may be an attractive idea for many investors to convert their investments into a less risky market and multiply their savings, especially with the growth witnessed by Turkish real estate and the features that owning the property gives them, such as real estate residence or even obtaining Turkish citizenship, when certain conditions are met.
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Keys to finding related properties:
- Apartments for sale in Istanbul
- Government-guaranteed properties
- Properties with special installment plans
- 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.
FAQ
Yes, Turkey is one of the leading countries in adopting digital currencies, and Bitcoin and other cryptocurrencies have become a common means of payment in the Turkish real estate market.
The basic steps include appointing a legal representative and a reliable real estate agent, then choosing the appropriate property and negotiating the price. After that, obtaining a property valuation report and preparing the required documents. Signing the purchase agreement with your trusted real estate agent to initiate the exchange process. Finally, transferring the funds to the seller by your real estate agent and completing the purchase procedures to obtain the property deed.
Yes, the Turkish government has facilitated dealing with cryptocurrencies and has made their introduction to Turkey within a legal framework.
The conversion of digital currencies does not require much time. It is quickly and instantly processed once received by our company at Damas Group Real Estate.
Yes, you can pay all other expenses through Bitcoin.
Yes, the Turkish government and the Banking Regulation and Supervision Agency announced since 2013 that Bitcoin activities are legal, and digital currencies can be used as a method of payment when purchasing real estate in Turkey.
Yes, by sending an official power of attorney stating that Damas Group Real Estate is authorized on your behalf to complete the property ownership procedures. You can choose your property, and our team will handle the remaining procedures until you receive the title deed.
Yes, you can obtain Turkish citizenship if the property value is $400,000 or more, fulfilling the other conditions related to citizenship. You can also apply for the real estate residence permit if the property value is $250,000, provided that the property is residential.
Buying and selling a house becomes easy even when the seller and the buyer are hundreds of miles apart. It speeds up the purchasing process and allows for the instant transfer of large amounts without the need for checks or cash. It provides a high level of security.
We convert digital currencies to traditional currency instantly upon receiving them directly, delivering the payments to the seller, and completing all procedures for you to obtain the title deed of your property effortlessly.