In this article, we will discuss the question: of whether to buy an apartment or a villa in Istanbul. Istanbul is considered an attractive city for investment in Turkey, especially for those seeking high-class, tranquility, and profitable investment, as many Arab and foreign businessmen who seek to own a property in Istanbul
Among the most important types of real estate properties that investors are looking for are villas and apartments. usually, villas would be in tourist or coastal areas, as Turkey is one of the best countries to live in due to its strong economy, charming nature, and low prices compared to the rest of European countries and many Asian countries, and the Turkish government offers Great facilitation for those wishing to live and invest in it, especially investors, and we will help you in this article by answering the question of whether to buy an apartment or a villa in Istanbul and we will provide you with all the necessary information relating to the subject, so follow us.
Should I buy an apartment or a villa in Istanbul?
Some investors are heading towards real estate investment in Turkey, specifically, buying apartments and villas.
Apartments, for sure, are cheaper than villas, and both of them have advantages and disadvantages, and you should be aware of this very well before starting the purchase process.
Advantages of buying an apartment
Buying an apartment in residential complexes is characterized by the possibility of accessing several modern facilities available within the building or the compound, and these facilities include:
- Security
- Parking and monitoring
- An alternative electrical source
- Fire prevention and safety measures.
The investor must realize that these facilities cost the owner of the apartment additional payment, but such facilities are not available in the villa, and the investor must know that if he wants to obtain these services, he must invest more money.
Disadvantages of buying a villa
unless the villa is located within a residential complex, where the security and monitoring system is available within this complex, The owner has to prepare some extra services at his wone expense:
- A backup power source for each room.
- Employ security personnel.
- Install surveillance cameras.
- Secure a water reservoir.
- And other such things.
- It is also easy to obtain a housing loan when buying an apartment, compared to a villa. Most banks provide loans easily for residential projects, while in the case of villas, the procedures for obtaining a loan are a little more difficult.
- It is relatively difficult to obtain a real estate appraisal in the case of a villa.
- As for the amount of the loan, banks give a large part of the value of the apartment in the form of a loan, but in the
- Case of the villa, the banks grant only a small part of the value of the villa value to the buyer.
- All types of real estate need continuous maintenance and various repairs, as in the case of the apartment, the buyer has to pay monthly maintenance costs that vary according to the area of ownership, while in the case of the villa, the buyer bears the full maintenance costs, and it is greater than the costs paid by the owner of the apartment.
At present, the real estate developers in Turkey, are constructing mixed housing projects. These projects consist of apartments and villas. The facilities are common to all properties of both types, at a relative additional cost.
Finally, it depends on the purpose of the investment. The villa may be better if you want to live in it, but its purchase requires greater capital, in addition to the fact that it guarantees greater returns.
The best places to buy villas in Istanbul
1- Beylikduzu
Beylikduzu is located on the European side of Istanbul, bordered to the east by the municipality of Avcilar, and to the north the municipalities of Esenyurt and Buyukcekmece, to the west by Buyukcekmece Bay. and to the south by the Marmara Sea.
Beylikduzu municipality enjoys the development and modernity of its infrastructure so that it has become a favorite destination for those wishing to stay or
to invest in real estate, and due to its coastline extending for nearly 13 km, and its attractive views of Büyükçekmece Bay, the coastal area in Beylikdüzü and many of the classy interior neighborhoods in this region hosted many modern and contemporary villa projects, which attracted investors to own its luxury villas
2- Silivri area - wonderful villas and country houses for housing and investment
To the west of Buyukcekmece Lake and its municipality, on the European side of Istanbul, the wonderful municipality of Silivri is located with the beauty of its breathtaking nature, and its environment that combines the characteristics of the countryside and the city at the same time.
In Silivri, you will experience the luxury of living in villas overlooking the Marmara Sea,
With its distinctive peace and calm, it has become an important option for those wishing to buy villas in Istanbul within these specifications.
Silivri is known for its spacious villas scattered on its coastal strip, its elegant country houses, and its acceptable real estate prices.
Prices of apartments and houses in Istanbul
Should I buy an apartment or a villa in Istanbul?
In both cases, Istanbul is a great example of real estate and owning apartments, due to its strategic location compared to other cities in the world. A study that included more than 500 international investors in 2015 indicated that Istanbul ranked fourteenth among European cities in terms of attracting investors, especially in the field of real estate.
The prices of houses in the “Arnavutkoy” area of Istanbul have reached an appropriate level. It is possible to find a house located on the outskirts of the area consisting of three rooms with a salon for 150 thousand Turkish liras, and in the center of the region, the purchase prices range between 200 and 250 thousand Turkish liras.
the most beautiful and cheapest houses in Istanbul:
they are located in the Beylikduzu, although their prices change according to the location and the place in which they are located.
As for the prices in the more prestigious areas of the “Beylikduzu” area in Istanbul, such as the “Ataşehir”, located in the Asian part of the city, it reaches 250 thousand Turkish Lira, and the rental price is 1600 Turkish Lira.
Apartments for sale in Istanbul Turkey may be available in installments at very reasonable and cheap prices, where the purchase price of which reaches 70-80 thousand Turkish liras, as the reason for its low prices is that it has joint title deeds, or that its owners want to sell it in a quick time.
In answer to the question: Should I buy an apartment or a villa in Istanbul, we offer you these prices,
as the price of buying apartments that accommodate an average family and are located in the center of Istanbul, with an area of 70-80 square meters, starts from 400 thousand Turkish liras.
and the price gradually increases according to the place and proximity to economic and social centers and transportation, reaching in some places to one million Turkish liras, and the standard of living in the area plays a key role in determining the price per square meter in it.
11 most important advantages of buying an apartment in Istanbul Turkey
- Obtaining a real estate residence in Turkey.
- Obtaining Turkish citizenship, if the property is worth 250 thousand dollars, this feature is one of the most important advantages of buying a property in Turkey.
- The possibility of obtaining a globally powerful Turkish passport, after acquiring Turkish citizenship.
- Facilitating living in Turkey by buying a property.
- Opening the way for investors to link their foreign investments between East and West.
- A profitable return on investment based on the attractive tourism power in Turkey, where the possibility of renting apartments during the multiple tourist seasons throughout the year, at record prices.
- A safe, comfortable, and beautiful place, in which the investor can live comfortably and happily.
- Create an opportunity for the children's education who are the builders of the future in Turkish universities, with the availability of international schools in various languages and scientific references.
- A conservative environment close to eastern and Arab customs.
- The cost of living is relatively low compared to Europe and the countries of the region, with high quality and strong infrastructure.
- By buying an apartment in Istanbul, you can invest in renting it at high prices. Or sell it after some time at a higher price.
8 Procedures for buying an apartment in Istanbul
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- Preparing your official documents and the property you want to own, which are your passport and personal photos, the property number, and its photos according to the municipality's scheme, and the apartment sale contract.
- Make a legal translation of your passport, notarized by a notary office.
- Obtaining a personal tax number from the IRS.
- The procedure for signing the purchase contract with the seller.
- Completing the procedures for transferring ownership to the buyer through an official request submitted to the security authorities.
- It is preferable to be accompanied by an interpreter to facilitate purchases and transfer of ownership, and to ensure the correctness of procedures.
- The foreign investor should know that it is not required to obtain a residence permit to be able to own property within Istanbul real estate. Also, owning real estate does not mean obtaining a residence permit in Istanbul.
- It is also preferable to have a trusted attorney accompany you to verify the integrity of the concluded contract and whether there is any manipulation relating to the purchased property.
This was all about Istanbul apartments and villas, as Istanbul is one of the popular cities that receives great demand from investors for buying real estate, and we hope that we have provided all the information you are looking for regarding the question of whether to buy an apartment or a villa in Istanbul, also we have presented all the details that characterize each of them separately.
