What You Need to Know Before Buying an Apartment in Istanbul

Istanbul Real Estate Property For Sale

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Heybeliada House | © Dan/Flickr
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Heybeliada House

So you want to buy an apartment in Istanbul? But what’s the best way to go about it and what are some things you need to look out for? We put together some essential tips before you make a major investment in the Turkish city.

Getting Started

Most foreign citizens are allowed to buy property in Istanbul, however, it’s wise to first check with your consulate before you make your decision. Once you’ve really decided what kind of apartment you’re looking for make sure to contact a local real estate agent in the neighborhood where you are looking to buy. There are a vast amount of places for sale, but a real estate agent will help you sift through to find a good match.

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House at the Bosphorus

Which Real Estate Agent?

If you don’t speak any Turkish, you can check out trustworthy websites such as Property TurkeyMy Bricks Real Estate to work with people who are used to helping expats. The companies will also set up a viewing trip with one of their advisors so you can really get a sense of the city and the kind of property you’re looking for. If you do speak Turkish, websites such as Sahibinden and Hürriyet Emlak are the most popular listings for properties on sale in Istanbul according to specific filters. BOOK THE TRAVEL YOU’VE MISSED

When Choosing a Property

When you’re inspecting a potential property, make sure that the house has a title deed and that the water, natural gas, phone, and electricity bills have been paid by the previous owner. You should also ask whether the structure is resistant against earthquakes, since Istanbul does harbor risk in that area. It’s also important to note that everything about the property, as well as the area around it, should be to your liking, and you should really ask yourself questions regarding how it would feel living there for a long time.

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Istanbul Houses 

Choosing the Right Neighborhood

Istanbul’s neighborhoods are all different from one another and the price range also changes drastically according to the area. It’s best to take a tour of the city in order to decide where you want to live, whether it’s something modest like an older apartment on the Asian side, or a gorgeous house in Arnavutköy overlooking the Bosporus. Remember that the Princes’ Islands are also part of Istanbul and can offer a very idyllic lifestyle away from the city (if that’s something you’re looking for). Also remember that the more affordable properties are always located on the outskirts of the city and that things get more expensive in popular neighborhoods and by the Bosporus.

The Bureaucratic Side of Things

Once you’ve chosen your property it’s time to face the bureaucratic side of things, which can sometimes get a little difficult. Make sure to check out this guidance page by The Republic of Turkey Ministry of Foreign Affairs in order to get an idea. However, it’s advised to seek out professional legal advice before you move forward so that you don’t run into any messy situations.

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Büyükada House 

Relocation

Once you’ve succeeded in finding and purchasing your lovely property, it may be time to consider what it means to live in Turkey. If you think you may need help with matters such as language, work, or legal matters, then a relocation company such as Turkey Relocation Management Services is a great place to get some real guidance.

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About The Author
keith-boyle

About Us: My Bricks is a unique real estate company in Istanbul. With over a dozen years of experience in downtown Istanbul, Keith has been involved in countless transactions. He tirelessly researches for the best opportunities for his valued clients. In addition, Keith has project managed over 50 renovation/restoration projects (see Keith in action on YouTube: https://www.youtube.com/watch?v=yLaLIjo9X-A&pbjreload=101). We source all kinds of properties, from budget properties up to luxury villas on the Bosporus. We give personal service to our clients; often doing zoom and WhatsApp sessions 1-1 and also webinars where clients can benefit from the wisdom of Keith’s other clients. In these webinars issues such as taxes, legal issues, design and renovation and identification of property opportunities are addressed. These sessions are typically run on Saturdays and Sundays. Come and join us; just contact Keith for details on: WhatsApp/telegram at +90 531 582 3876). Our living and breathing passion is real estate in the downtown area. We look forward to virtual sessions where you walk side by side with us along the streets or in real life when you arrive in Istanbul. We are fully equipped to help you with any logistic matters you may require, from obtaining citizenship through investment to managing your assets professionally here in Istanbul. At this point in time, the agency is transforming and we have investment coming in. It is an exciting time to purchase in Istanbul. I look forward to doing the ground-work for you and launching you on your way to a profitable and enjoyable investment. Kind regards, Keith Boyle

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