Steps to buy an apartment in Levent Istanbul
We will take you on a journey to discover the steps to buying an apartment in Levent Istanbul and we'll take a look at the things you should keep in mind and the steps you should follow to make your purchasing process smooth and successful and we will also explore the real estate market in Levent and the investment opportunities that can await you there.
Where is Levent Istanbul located?
The Levent area is located on the European side of Istanbul and is considered one of the upscale residential and commercial areas in the city, as Levent is located south of the famous Maslak district, north of Besiktas, and northwest of Arnavutköy and despite its small size and population, it has a distinctive strategic location at the intersection of the main roads in Istanbul.
Levent belongs to the municipality of Besiktas in the north of the Golden Horn, and part of it belongs to the municipality of Eyup and the area includes a variety of residential and commercial places, and is characterized by its ideal location close to the Bosphorus and Fatih Bridges, making it a distinctive place to live and invest.
Services that Levent Istanbul is proud of:
1. Levent has many facilities, commercial centers and bank branches, making it an ideal destination for business and investment.
2. The area is also distinguished by its advanced infrastructure, with an excellent road network, high-quality schools, prestigious universities, green spaces and excellent hygiene facilities.
3. From Levent, residents can benefit from easy access to all parts of Istanbul, including the Bosphorus and Fatih Bridges, making it easy to move between the European and Asian sides of the city.
4. Education is one of the most prominent aspects of Levent, as it has universities and schools of the highest standard and university graduates constitute a large percentage of the region's population, which contributes to raising the level of education and culture in it.
5. Besides, Levent features many health facilities, including hospitals, clinics, and 24/7 health care services.
6. As for shopping lovers, the area is home to luxury shopping centers that include a variety of international and local products and brands. If you are looking for a luxurious shopping experience, Levent is the right place.
Steps to buy an apartment in Levent Istanbul:
1. Before you start looking for an apartment in Levent Istanbul, you must precisely determine your budget and this will help you determine the price range in which you can search.
2. You can contact local real estate companies, make sure you choose a reliable and reputable real estate agency.
3. Make appointments with real estate companies to visit the available apartments, take a tour inside the apartments and check them carefully to ensure that they meet your needs and expectations.
4. Make sure to check all the legal documents and papers related to the apartment, make sure that the apartment has all the necessary permits and permits.
5. Depending on your appraisal of the apartment and the market information, you may want to negotiate the price with the seller or real estate agency.
6. Before signing any contract, make sure you read and understand all terms and conditions carefully and you can consult a real estate attorney if you need help.
7. If you are not a Turkish citizen, you will need to obtain the necessary purchase permit from the relevant authorities.
8. You may need to pay real estate fees and taxes when purchasing the apartment. Make sure to provide the required amount.
9. After completing all previous steps and meeting all legal and financial obligations, you can complete the purchase process and sign the contract.
Cautions when buying an apartment in Levent Istanbul:
1. Make sure that the property is properly registered in the Land Registry and that it does not have any legal problems or previous claims.
2. Before purchasing, carefully inspect the property to ensure its condition, quality and conformity to the description provided.
3. Make sure you understand the laws and regulations related to owning a property in Turkey and to real estate residency if you want to benefit from them.
4. Check the taxes and fees related to the property and make sure you can afford them.
5. Look at the location carefully, evaluate the neighborhood and surrounding services, and decide if it meets your needs and expectations.
6. Make sure there are no restrictions on foreigners buying property in the designated area.
7. Make sure to use a trusted real estate agent and review the contract carefully before signing.
8. If you intend to benefit from real estate residency or obtain Turkish citizenship through investment, check the conditions and requirements specified by the Turkish government.
9. It is always beneficial to consult a local lawyer or legal advisor who specializes in real estate laws and real estate investment in Turkey to ensure that you understand all the legal and financial aspects of your deal.
Buying an apartment in Levent Istanbul for the purpose of real estate residence:
1. The investor must buy an apartment in Levent Istanbul worth more than 75 thousand US dollars, and this amount can vary depending on current laws and legislation.
2. The investor must commit to holding the property for a certain period, usually at least 1-3 years.
3. The investor must pay real estate residency fees and other administrative fees.
4. It may be necessary to adhere to health insurance to obtain residency.
5. The investor's nationality should not be one of the nationalities prohibited from real estate investment in Turkey
6. The criminal record is free of any prior crimes
Buying an apartment in Levent Istanbul with the aim of Turkish citizenship:
Turkish citizenship can be obtained by purchasing an apartment in Levent Istanbul and in other parts of Turkey, according to the new Turkish Citizenship Law issued in 2022, and foreigners can obtain Turkish citizenship if they invest in real estate in Turkey for a minimum amount of US$400,000 and commit to holding the property for at least 3 years.
It is worth noting that you should always check the latest instructions and regulations related to Turkish citizenship, as laws and conditions can change over time and for this reason, it is always preferable to consult with a lawyer or legal advisor specialized in this field to obtain accurate legal advice and verify your eligibility and necessary procedures.
In conclusion, purchasing an apartment in the Levent area of Istanbul can be a fruitful investment and a wonderful opportunity to realize the dream of living in this upscale area and by following the right steps and adhering to appropriate legal and financial advice, you can make your purchase smooth and successful.
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