By Justin Mays:
While Turkey has already been seeing a boom in property investments by foreigners, Istanbul leads the way in property sales with 14,895 residential apartments sold to foreigners in the first six months of 2022 alone.
There are a couple of reasons why Istanbul is preferred by foreigners for property investment. The major one is its location since it spans both Asia and Europe. It is also the center of business and has been ranked as the eigth most visited city in the world.
Additionally, Istanbul has a vast history, the traces of which can be seen in every corner of this metropolitan.
In today’s blog, Prime Property Turkey will explain the types of properties foreign buyers can invest in and share real estate recommendations for you to check out.
Types of Properties in Istanbul That Foreign Buyers Can Purchase
Before purchasing properties in Istanbul, foreign buyers must know what real estate options they can legally invest in. We are sharing a few of them below:
Apartments
Most foreigners that invest in Istanbul prefer residential apartments since it allows them to enjoy the local lifestyle. They can stay in Istanbul and enjoy all the tourist attractions and historical spots.
There are also many ways a foreigner can take advantage of their investment in Istanbul. These include putting the apartment up on rent or resale.
Some apartment buildings even have commercial facilities and can be used as offices.
Explore Prime Property Turkey’s wide selection of apartments in different parts of Istanbul.
Other Types of Properties
Villas and shops are two other types of properties. Shops are the most common type of commercial property that interest foreign buyers because of the massive economic growth of this city.
Villas have also been foreigners' most sought-after real estate options because of their top-tier facilities and favorable prices.
Prime Property Turkey offers its clients a diverse portfolio of the most attractive villas and highly profitable commercial properties.
Further Reading: How Easy is it to Buy a Property in Turkey?
5 Options We Recommend Foreign Buyers to Invest In
Nova Flats Project
The latest project, Nova Flats, is located in the Eyup Sultan area of Istanbul and has been built by a renowned construction company. You get 1+1 to 3+1 apartments to choose from.
It is the ideal project to invest in, thanks to its high-end construction and proximity to transport facilities.
Location
Eyup Sultan, Istanbul (European Side).
Facilities
Parking space for cars, play area for children, security, social areas.
You can get more information about this project here.
FER Superior Suites Project
The FER Superior Suites is a premium project located in the Kagithane district of Istanbul. This district is highly secure and packed with parks, shopping malls and other social and transport facilities.
Investing in this excellent residential project allows you to live in the city center and take advantage of other premium facilities. Kagithane is only a few minutes from Taksim Square and Cevahir Shopping Mall.
The luxurious suites in this project come with attractive price tags and have spacious studio apartments and duplexes.
Location
Kagithane, Istanbul (European Side).
Facilities
Kids play area, valet parking, gym, housekeeping, 24/7 security, etc.
Visit here to know what other services this project has and to find out about the pricing.
Watch Prime Property Turkey’s "Weekly Report" Episode 4 that features the FER Superior Suites project and find out if it is the right time to look at Istanbul luxury. Don't forget to subscribe for more content from us.
Nef 05 Project
Some of the top-of-the-line designers have designed the Nef 05. This property is worth checking out because it is a massive project that features 4 apartment blocks. Each consists of 5 floors.
Located in the Kagithane district, the Nef 05 is a sophisticated project close to the Istanbul airport and has been built with materials of superior quality. It has 1+1, 1.5+1, 2+1, and 2.5+1 apartment options for buyers to choose from.
Location
Kagithane, Istanbul (European Side).
Facilities
Parking, fitness room, play area for children, security, etc.
You can find more pictures of this project and information on payment installments and discounts here.
Kirimli Elite Project
Kirimli Elite project is the ideal choice for families and has a total of 50 apartments. You get a calm and secure ambiance with a contemporary aesthetic. It is located in the Kucukcekmece district of Istanbul and is near the main highways.
This project has nine floors and 3+1 apartments that are the best for mid-sized families. In addition, this project is also close to many prestigious educational institutions such as Aydin University, Istanbul University, etc.
Location
Kucukcekmece, Istanbul (European Side).
Facilities
Green spaces, balconies, social areas, high safety, etc.
You can get more information here about what the Kirimli Elite project has to offer.
Has Bahce Project
The Has Bahce project brings you luxurious mansions in scenic Uskudar, away from the hustle and bustle of the city center. This project offers 2+1 and 5+1 options to select from.
Residents of this project can enjoy a breathtaking sea view and a jaw-dropping interior.
Location
Uskudar, Istanbul (Aisan Side)
Facilities
Green spaces, fitness area, steam room, 24/7 security, etc.
You can check out what else the Has Bahce project offers buyers here.
Further Reading: Top 12 Real Estate Investment Areas in Istanbul
Prime Property Turkey’s Services for Those Interested in Buying Property in Istanbul
At Prime Property Turkey, we offer free consultancy to our clients and take the time to understand what exactly our client has in mind so we can help them find properties based on their budget, lifestyle and location requirements.
Our service does not end here. After the client has made the purchase, we extend our after-sales services to them.
Our after-sales services include resale, property maintenance and management, furnishing and interior design, etc.
Conclusion
The real estate property market is so diverse that you can easily find whatever you have in mind. With all the recent economic developments, real estate in Istanbul has a promising future.
We hope you enjoyed reading this post. If you are interested in any of the properties mentioned above or have any questions, contact us, we would love to hear from you.
More to read from us:
The Dos and Don’ts of Buying a Home in Turkey
Introducing the must-see cities in Turkey
