Based on Districts of Istanbul :
Buying a house in istanbul and getting Turkish residence
Istanbul is a very beautiful city that attracts tourists from all over the world. People come here for business, for pleasure or for both. In recent years, Istanbul has also become a popular destination for those who want to buy property and live in Turkey. There are many reasons why someone would want to own a house in Istanbul.Buying a house in Istanbul and obtaining Turkish residence is a popular option for many foreigners, including Iranians. Turkey’s vibrant economy, strategic location, and rich history make it an attractive destination for investors and tourists alike. In this article, we will provide you with everything you need to know about buying a house in Istanbul and obtaining Turkish residence.
Foreigners are allowed to buy property in Turkey, including Istanbul. The process of buying property in Turkey is relatively straightforward and can be completed within a few weeks. Here are the steps you need to follow to buy a house in Istanbul:
- Find a property: The first step is to find a property that you want to buy. You can search for properties online or work with a real estate agent to find a property that meets your needs and budget.
- Sign a sales agreement: Once you have found a property, you will need to sign a sales agreement with the seller. The agreement should include the details of the property, the purchase price, and the payment schedule.
- Obtain a title deed: After signing the sales agreement, you will need to obtain a title deed (tapu) from the Land Registry Office. The tapu is the official document that proves your ownership of the property.
- Pay taxes and fees: You will need to pay a purchase tax and other fees to complete the purchase. The purchase tax is currently 4% of the property’s appraised value.
- Get a residence permit: After buying a house in Istanbul, you will need to apply for a residence permit to stay in Turkey for longer periods. You can get a residence permit by applying to the Directorate General of Migration Management (DGMM) in Turkey.
Getting Turkish Residence
There are several ways to obtain Turkish residence. Here are the most common ways:
- Property purchase: As a property owner in Turkey, you can apply for a residence permit that is valid for one year. After that, you can renew your residence permit for another year.
- Investment: You can obtain Turkish residence by making an investment in Turkey. The minimum investment required for a residence permit is currently $250,000.
- Work: If you are employed by a company in Turkey, you can obtain a work permit that allows you to live and work in Turkey.
- Education: If you are studying in Turkey, you can obtain a student residence permit that allows you to stay in the country.
Buying a house in Istanbul and obtaining Turkish residence is a straightforward process that can be completed within a few weeks. Istanbul is a vibrant and attractive city that offers many opportunities for investors and tourists. If you are considering buying a house in Istanbul or obtaining Turkish residence, we hope that this article has provided you with the information you need to get started.
The price of luxury houses in Istanbul
You might have heard that Istanbul is the most densely populated city in Europe. But did you know that it’s also one of the most expensive cities to live in? According to certain studies, it’s among the top 10 most expensive cities worldwide when it comes to housing prices (along with Hong Kong and Singapore). In fact, if you buy a luxury house here, chances are you’ll pay more than if you bought one in San Francisco or London. If you want proof: according to Forbes magazine and its list of “World’s Most Expensive Cities,” Istanbul ranks #7; New York ranks #1; London ranks #5; Hong Kong ranks #2; Paris ranks #4; Los Angeles ranks #9…and Tokyo doesn’t even make their list!
If all this sounds too pricey for your budget, don’t worry—there are plenty of other options! For example:
Cheap and economic neighborhoods in Istanbul to buy a house
Here are some of the best areas to buy a house in Istanbul:
- Güngören: This is one of the most popular neighborhoods for young families due to its proximity to both Taksim and Kadıköy. It’s close enough to the city center but far enough away from it, with fewer crowds and traffic. The apartment prices are also affordable here, while there are still plenty of cafes, restaurants and shops around you.
- Bağcılar: Located in the west part of Istanbul’s Asian side, this district offers a tranquil setting with plenty of greenery around you. It’s mostly residential here so there aren’t many businesses or malls nearby unless you go further into neighbourhoods like Küçükçekmece or Sefaköy (still within easy reach by public transport).
- Çekmeköy: If you want some peace and quiet but don’t want too much distance from Istanbul’s busy downtown area then this might be one option for you! The closest ones would probably be Beylikdüzü or Ümraniye which are about 20 minutes away by bus/metro/ferry across Bosphorus Bridge – though personally I prefer taking ferry since it gives better views 🙂
- Esenyurt: Another nice residential area close by Besiktas district where most tourists stay when visiting Istanbul – not only because prices here can get pretty high but also because they tend towards being more luxurious than those found elsewhere within city limits.”
The best neighborhoods to buy property in Istanbul
The best neighborhoods to buy property in Istanbul can be defined by the following criteria:
- Location. The location of a house is important, because it determines the quality of schools and hospitals. For example, if you have children and want to send them to a good school, then you should look at areas with good schools. If you have elderly parents who need medical treatment, then you should look at areas with nearby hospitals. The other side of this is that some locations are safer than others. In addition to safety concerns, your own personal preferences will determine what locations are preferable for you.
- Public transport availability and convenience. Public transport includes buses or dolmuşes (shared taxis). Whether there is public transport available at all times will affect how convenient it is for daily life; however many people prefer not to live near noisy streets or busy highways where their property value decreases significantly due to noise pollution from traffic jams on nearby streets during rush hour traffic hours
Rules for obtaining Turkish residence by buying a house
If you want to buy a house in Turkey and get a residence permit, there are several rules that must be met:
- You must buy the house within 3 years of obtaining your residence permit
- The property needs to have at least $400,000 value (or equivalent in Turkish lira)
- You need to live in the house for at least three consecutive years after obtaining your residence permit. If you don’t live in it for this period of time, then you lose your right to keep it as part of your Turkish real estate portfolio.
The good news is that once you own a home and have been living in it for three years as required by law, there are many other benefits that come with owning property here such as tax breaks on income from rental properties or investment properties held outside of Turkey (including shares).
There are many reasons that make Istanbul a great city to live in.
There are many reasons that make Istanbul a great city to live in. First of all, it is a big city with a small-town feel. The people are very friendly and helpful, even though they may not speak any English, you can still feel the warmth of their hospitality.
Secondly, Istanbul is safe for both tourists and locals alike. There have been no terrorist attacks on tourists recently and there have been no kidnappings either (except for one case where two journalists were taken hostage by the PKK).
Thirdly, Istanbul has become one of the most popular cultural hubs in Europe due to its unique mix of eastern and western traditions as well as its rich history dating back thousands of years ago when it was founded by Alexander the Great himself! In addition to this rich past there are also many things happening right now such as art exhibitions at Akbank Sanat Gallery or exhibitions at Pera Museum (both located near Taksim Square), musicals like Chicago which runs every night around 8pm until late night hours every Friday through Sunday evening; dancing classes also take place almost every day at dance studios around Istiklal Street (like “Dance with Us”).
You should know that there are properties in Istanbul on the European side that may be expensive compared to the Asian side of it, so you should do the appropriate research before starting your search.
Before you start the process of buying a property in Turkey, you should know that there are properties in Istanbul on the European side that may be expensive compared to the Asian side of it, so you should do the appropriate research before starting your search.
The best areas for buying houses include; Bakirkoy and Etiler (Asian), Besiktas (European) and Sisli (European). These areas have many luxury homes and villas that are well suited to expats who want to live close to their work places. There are also other more affordable neighborhoods where you can find good quality housing at reasonable prices such as Yesilkoy and Maltepe which offer great facilities for families with children. If your budget allows for it then choose one of these locations as they will give you access to excellent leisure activities including restaurants, bars and entertainment venues along with easy access into both sides of Istanbul’s business district.
Buying a house in Istanbul is not difficult, especially if you know what to look for. You should know that there are properties in Istanbul on the European side that may be expensive compared to the Asian side of it, so you should do the appropriate research before starting your search.