The importance of owning real estate in Istanbul
Istanbul is one of the most prominent global cities and a distinct investment destination in Turkey and this charming city has several advantages that make it an ideal destination for buying real estate and owning real estate in Istanbul is of great importance to investors and residents and therefore, we will review the importance of owning real estate on the lands of Istanbul and its many benefits.
Reasons to own real estate in Istanbul
1. Istanbul is located at the intersection between the continents of Europe and Asia, which enhances its importance as a global trade and tourism center.
2. The real estate market in Istanbul is characterized by the great movement in supply and demand, which provides various opportunities for investors.
3. Istanbul is characterized by its geographical diversity and its diverse culture, which provides multiple options for real estate ranging from popular neighborhoods to luxurious ones
4. The Turkish government adopts great policies and facilities for foreign investors, including laws that facilitate the process of buying and owning real estate.
5. Real estate in Istanbul is very popular with investors due to the possibility of obtaining high financial returns by renting or selling.
6. Istanbul has an advanced infrastructure that includes a modern transportation network and developed urban infrastructure, which provides convenience and ease of access to the different areas of the city.
7. Istanbul is home to many large shopping malls, entertainment centers, and high-end restaurants, providing an integrated life experience and various amenities for residents.
8. Owning real estate in Istanbul provides an opportunity to obtain Turkish citizenship according to the specified conditions, which enhances investment and legal benefits for foreign investors.
9. Istanbul hosts important historical and cultural sites such as Hagia Sophia, Sultan Ahmed and Topkapi Palace, providing a rich cultural and tourist experience for residents and visitors.
10. Istanbul offers a thriving modern life with modern shopping malls, world-class restaurants, and various entertainment facilities, making it an ideal place to live and enjoy urban life.
What is the right time to own real estate in Istanbul?
1. Stability in the country is an important factor for owning real estate. When there is political and economic stability in Turkey, it enhances the confidence of real estate investors.
2. It is better to monitor the state of the real estate market in Istanbul, if there is an increase in demand for real estate and a decline in supply, then it may be a good time to buy.
3. You should be aware of legislative changes in real estate property laws in Turkey and legal changes can affect real estate purchase procedures and property rights.
4. You should evaluate the expected financial return from the property you intend to buy in Istanbul and returns can include renting the property or increasing its value in the long term.
5. Sometimes, you may find special offers or discounts on real estate in Istanbul, these can be good opportunities to own at an affordable price.
How to benefit from owning real estate in Istanbul?
1. You can invest and rent real estate in Istanbul to get a continuous financial return and the rental market in Istanbul is active and there is a lot of demand for real estate and you can also benefit from the increase in real estate value over time.
2. Owning real estate in Istanbul can give you the opportunity to obtain a long-term residence permit in Turkey also, buying a property of a certain value can provide you with the opportunity to obtain Turkish citizenship in accordance with the current laws.
3. Istanbul is one of the most touristic cities in the world, and it attracts tourists from different countries and you can take advantage of this by renting out your real estate as a residential unit to tourists or hosting guests via online booking platforms.
4. Buying a property in Istanbul gives you the opportunity to enjoy the quality of life in this vibrant city and you can enjoy the culture, history, restaurants, parks, beaches, and more.
5. Istanbul offers a variety of properties, from luxury apartments in the city center to luxury villas on the beaches, you can choose the property that meets your needs and budget.
Common questions
Can I get long-term residence by owning real estate in Istanbul?
Yes, owning real estate in Istanbul can give you an opportunity to obtain a long-term residence permit in Turkey and the exact period of residency depends on current laws and regulations.
Can I obtain Turkish citizenship by owning real estate in Istanbul?
Yes, according to the current laws in Turkey, you can obtain Turkish citizenship by owning real estate at a specific value and by meeting the conditions specified by the government.
What are the expected financial returns from owning real estate in Istanbul?
Financial returns can vary depending on factors such as the location, type and size of the property and the current real estate market and returns from rentals can be continuous over the long term, and property values may increase over time.
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