Apartments in Istanbul for Foreigners
Apartments in Istanbul for foreigners are among the most attractive options in the Turkish real estate market, offering exceptional opportunities for investment and living. Istanbul, with its unique geographical location bridging Europe and Asia, rich history, and diverse culture, draws many foreigners interested in purchasing real estate.
As the economic and cultural center of Turkey, Istanbul boasts a flexible and diverse real estate market that caters to various foreign needs. Key attractions include the city's historical and cultural significance, moderate climate, developed infrastructure, and modern amenities. Foreigners find in Istanbul a living environment that offers a blend of comfort and cultural richness, which has led to a steady increase in demand for properties in the city.
The legal aspect of buying apartments in Istanbul for foreigners is crucial. Turkish authorities provide legal facilitations for foreigners wishing to purchase real estate, including obtaining the necessary permits and permanent residency. Foreigners can own properties in most areas except for certain military and strategic zones. It is highly advisable to hire a real estate attorney to ensure smooth procedures and verify the authenticity of documents and contracts.
Important considerations when buying an apartment in Istanbul for foreigners also include additional benefits such as residency and citizenship rights. The Turkish government offers programs for obtaining Turkish citizenship in exchange for real estate investment, provided the property is valued at no less than USD 400,000. This program presents an attractive opportunity for foreigners seeking new residency or citizenship while maintaining their investments.