What Types of Properties Should Foreigners Own in Istanbul?

The reasons for purchasing property in Turkey can vary: from investment to tourism, permanent residence, resale, or obtaining citizenship.
The ideal choice is a property that possesses most of these qualities, along with easy liquidity when needed.
If Your Goal is Real Estate Investment in Istanbul:
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Look for New Properties
- New properties often offer unique opportunities for investors, yielding financial returns of 15% to 30%.
- They are highly in demand for short-term or long-term rentals due to the preference for modern apartments.
- They typically require no renovations.
- These properties are usually located in developing areas with new transportation lines, which increases their market value over time.
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Seek Flexible Properties
- As a foreigner in Istanbul, choose an apartment that allows you to adapt to various needs.
- Look for properties that:
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Choose Properties from trusted Developers or Management Companies
- Projects are often managed by private companies or the developer post-completion, with monthly maintenance fees (referred to as "aids") charged to owners or tenants.
- If the developer or management company fails to maintain the facilities or the building’s cleanliness, it can negatively impact the property’s resale or rental prospects.
Summary:
The ideal property for a foreigner in Turkey should:
Resale Properties in Turkey
You may come across advertisements offering resale properties in areas like Beylikdüzü or Esenyurt at very low prices, starting at $30,000. You might wonder why these projects are not widely promoted by real estate companies in Turkey.
These properties are often:
- Located in areas where ownership or rental is challenging due to building conditions.
- Not earthquake-resistant.
- In poor structural condition, making resale at a better price difficult.
- Not eligible for tourist or investment-based residence permits or citizenship.
Suitable Areas for Foreign Property Ownership in Turkey
Here are some locations where you can find properties meeting the criteria mentioned above:

view here more properties for sale in Istanbul
Why Should a Real Estate Company Represent You in Istanbul?

Due to the diverse range of real estate options in Turkey, particularly in Istanbul, it is crucial to choose a reputable real estate company, such as Damas Group Real Estate, to represent you in dealings with developers or sellers. This ensures your safety and security throughout every step of the process.
Key Reasons to Choose a Real Estate Company for Representation
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Securing the Right Property for Your Needs
- As previously mentioned, the reasons for purchasing property vary for foreigners. However, the priority is to find a property that ensures a successful investment and qualifies for a residence permit or even Turkish citizenship.
- Important Note:
- A property may be located in an area eligible for a residence permit or priced to qualify for citizenship. However, the project might not be suitable for other reasons, such as:
- Negative property valuation.
- Restrictions on ownership in certain areas.
- A real estate company helps protect you from such unsuitable projects, ensuring your interests are safeguarded.
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Facilitating Money Transfers
- When purchasing property in Turkey, payment must be made in Turkish Lira. A real estate company can:
- Securely transfer funds to the developer.
- Assist in converting dollars to Turkish Lira in compliance with Central Bank of Turkey regulations.
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Assisting with Necessary Documentation
- Real estate companies accompany you at every step, helping with:
- Translating documents.
- Communicating with government officials.
- Negotiating with developers or sellers.
- Obtaining required paperwork.
- Ensuring timely receipt of title deeds.
- Recovering funds from the developer in case of purchase cancellation.
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Comprehensive Support
- A professional real estate company provides a wide range of services, including:
- Assisting with obtaining a residence permit.
- Supporting the application for Turkish citizenship.
- Helping with renting out the property.
- Facilitating the resale of the property.
- Registering for project utilities and property services.
By choosing a trusted real estate company, you can access all these benefits and ensure a seamless and secure property purchase experience in Istanbul.
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.
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