Are you thinking of buying an apartment in Turkey? Here are the secrets of the real estate market, a phrase that holds immense investment opportunities for anyone looking to buy an apartment in Turkey for investment, residence, real estate residency, or to buy property in Turkey to obtain citizenship.
Turkey is renowned for its developed infrastructure, strategic geographical location connecting Europe and Asia, as well as its cultural and tourist diversity. This diversity has made the Turkish real estate market desirable to both Arab and foreign investors.
In this detailed guide, we will delve into apartment prices in Turkey, uncover the secrets of apartments for sale in Turkey in various cities, and map out the best destinations for buying an apartment in Turkey.
We will learn about the steps of how to buy an apartment in Turkey with ease, and review the advantages of real estate investment in Turkey, including Turkish citizenship by purchasing a property.
Of course, we will not forget the types of residential units that suit different tastes and budgets, from luxury apartments for sale in Turkey to cheap apartments for sale in Turkey.
We will also explain the vital role that Mbany Real Estate plays in facilitating foreign ownership in Turkey, from searching for apartments for sale in Istanbul to following up on the procedures for extracting the title deed (Tapu) and ensuring you get the best apartment prices in Turkey.
Why are foreigners heading to buy an apartment in Turkey?
Foreign ownership in Turkey: What distinguishes the market?
- Turkey allows foreigners to own property directly without residency restrictions, making buying property in Turkey easy and transparent.
- Turkey is characterized by cultural, social, and economic diversity, with a legal system that protects investors' rights and guarantees their legal solvency.
- After-sales services thrive in Turkey: maintenance, leasing, and legal support, making real estate investment in Turkey a long-term option when buying an apartment in Turkey.
Turkish citizenship through property purchase
- It is possible to obtain Turkish citizenship by purchasing a property in Turkey, when buying a property in Turkey worth at least $400,000 USD, and continuing to own it for three years.
- This feature has given Turkey an advanced position among countries that grant investment citizenship, which has increased the demand for apartments for sale in Turkey in all regions.
Best cities to buy an apartment in Turkey
Apartments for sale in Istanbul
- Istanbul: The economic and cultural capital, includes massive projects such as Besiktas district and the European and Asian sides.
- Diversity of projects: From luxury apartments for sale in Turkey in the center of Istanbul to cheap apartments for sale in Turkey in its suburbs.
Apartments for sale in Antalya
- Antalya: The city of sun and tourism, attracts those looking for apartments for sale in installments in Turkey at attractive prices, and projects overlooking the Mediterranean Sea.
Apartments for sale in Trabzon
- Trabzon: The bride of the Black Sea, developed tourism infrastructure, and increasing demand for apartments for sale in Trabzon, especially tourist apartments.
Apartments for sale in Bursa
- Bursa: A quiet industrial city, famous for its mountain resorts and university cities, making buying an apartment in Turkey here an ideal choice for families.
Apartment prices in Turkey: What determines the price?
Factors affecting apartment prices
- Geographical location: The proximity of the property to transportation, schools, and health centers directly affects apartment prices in Turkey.
- View and services: Having a view of the sea or the city, and facilities such as a swimming pool and a gym, increases the value of apartments for sale in Turkey.
- Building condition: New versus used apartments, the existence of a construction warranty and the quality of finishing deepens the price difference between luxury apartments for sale in Turkey and cheap apartments for sale in Turkey.
The difference between cheap and luxury apartments
- Cheap apartments for sale in Turkey: Often in the suburbs or secondary cities, their prices start from $25,000.
- Luxury apartments for sale in Turkey: Sometimes exceed $500,000, especially in the most important real estate areas such as Besiktas and Basaksehir.
How to buy an apartment in Turkey step by step
Legal procedures and documentation
- Obtaining a Turkish tax number (Vergi No).
- Opening a bank account in Turkey to complete the payment process.
- Signing the preliminary purchase contract before a notary public (Noter).
- Extracting the title deed (Tapu) after paying fees and taxes.
The role of Mbany Real Estate
- Mbany Real Estate provides you with legal experts to translate contracts and ensure their legitimacy.
- The company helps you with how to buy an apartment in Turkey through virtual and personal tours, and coordinating appointments with real estate developers.
Installment options available for buying apartments in Turkey
Apartments for sale in installments in Turkey
- Many projects affiliated with Turkish banks or real estate development companies offer facilities up to 60 months without interest.
- The feature of apartments for sale in installments in Turkey makes it easier for those wishing to buy property in Turkey through fixed monthly payments.
Real estate investment in Turkey: Opportunities not to be missed
Return on Investment (ROI)
- The high demand for rentals in Istanbul and Antalya guarantees you an annual income ranging between 5-7% of the property value.
- The possibility of increasing the return on investment by renting out apartments for short periods during peak seasons.
Apartments for sale in Turkey on the sea
- Coastal apartments in Antalya, Bodrum, and the Black Sea attract tourists looking for accommodation for holidays, which enhances the feasibility of investment.
Apartments for sale in Turkey by purpose
Apartments for family housing
- Combines proximity to schools, health facilities, and proximity to parks, making apartments for sale in Turkey here a suitable option for families.
Apartments for investment and tourist rental
- Usually located near tourist attractions and entertainment facilities, which increases their occupancy rate and achieves a higher return on real estate investment in Turkey.
Buying through a trusted real estate company like Mbany Real Estate: Why?
The difference between individual purchase and a real estate broker
- Individual purchase may expose you to legal and procedural risks, while Mbany Real Estate gives you a full legal guarantee and after-sales service.
- The company provides local experts who know the best cities to buy an apartment in Turkey and the best projects.
Golden tips before buying an apartment in Turkey
Make sure the property is registered in the Tapu
- Make sure you get a certified copy of the title deed (Tapu) in your name.
Field or virtual visit
- Visit the property yourself or request a documented virtual tour to ensure the validity of how to buy an apartment in Turkey and examine the finishes and construction quality.
Comparing apartment prices in Turkey
- Compare between apartments for sale in Istanbul and apartments for sale in Antalya and between the offers provided by Mbany Real Estate.
Frequently Asked Questions Are you thinking of buying an apartment in Turkey? Here are the secrets of the real estate market
What are the conditions for obtaining Turkish citizenship by purchasing a property?
You must buy a property in Turkey worth at least $400,000 USD and keep it for three years without selling.
Is it possible to buy an apartment in Turkey in installments without interest?
Yes, many projects offer installment plans for apartments for sale in Turkey without interest for up to 60 months.
What is the best city to buy an apartment in Turkey for investment?
Istanbul tops the list of the best cities to buy an apartment in Turkey for investment, followed by Antalya thanks to strong tourism.
Can foreigners own more than one property in Turkey?
Yes, but the total area must not exceed 30 hectares, according to the laws of foreign ownership in Turkey.
Does Mbany Real Estate offer after-sales services?
Certainly, it includes rental services, periodic maintenance, and legal services to extract residency and citizenship for investors.
Conclusion: Are you thinking of buying an apartment in Turkey? Here are the secrets of the real estate market
At the end of this comprehensive guide "Are you thinking of buying an apartment in Turkey? Here are the secrets of the real estate market," you now have a complete roadmap to intelligently proceed with buying an apartment in Turkey or buying a property in Turkey.
You knew the apartment prices in Turkey and how to compare between them, and you learned about the best cities to buy an apartment in Turkey, in addition to the steps of how to buy an apartment in Turkey and the legal procedures.
Whether you are looking for luxury apartments for sale in Istanbul or cheap apartments for sale in Turkey, or aspire to obtain Turkish citizenship by buying a property, Mbany Real Estate is your ideal partner to achieve the dream of ownership in Turkey.
Now, you have all the information and tips to start your journey in real estate investment in Turkey with confidence, so are you ready to take the first step towards foreign ownership in Turkey and achieve rewarding investment returns?