Apartments in Turkey

Turkey has an active and developed real estate sector. This is supported by political and economic stability, making apartments a safe and reliable investment option for both residents and foreigners alike.

If you are searching for Apartments for sale in Turkey, this article will guide you to the best options and introduce you to the advantages of owning one of these apartments in Turkey.

How to Choose the Best Locations to Buy an Apartment in Turkey?

Do you want to buy an apartment in Turkey? You are certainly making a wise decision, whether you're looking for an apartment for living or investment.

Naturally, Apartment prices in Turkey vary based on location, city, and available services in the area, as well as the apartment's specifications in terms of size and finishing.

There is a wide range of options, but here are examples of apartments in some of Turkey's most prominent cities: Istanbul, Bursa, and Antalya. These cities serve as models for cities active in the real estate market.

Apartments in Istanbul

Istanbul is the largest city in Turkey and is considered an attractive economic and cultural center for living, especially for those who enjoy cultural and social diversity, and staying in tune with various vibrant events. Apartments in Istanbul are among the most sought-after properties in Turkey, whether by locals or foreigners.

The beautiful city is divided into two sides: European and Asian, each with its own unique characteristics.

In Istanbul, you will find apartments in luxury residential complexes: in modern areas that offer facilities such as swimming pools, gyms, and 24-hour security.

You will also find apartments in traditional buildings located in older neighborhoods, with classic designs.

You will also come across apartments with stunning sea views overlooking the Bosphorus or the Sea of Marmara. These apartments are often the most expensive.  

In general, apartment prices in Istanbul vary as follows:

• Luxury apartments: $300,000 to $1,000,000.
• Mid-range apartments: $100,000 to $300,000.
• Affordable apartments: Starting from $60,000 in developing areas.

Let’s take a look at a map of the best locations and prices on both sides of this enchanting city:

1. Besiktas: One of the most luxurious areas on the European side of Istanbul, located near the Bosphorus and includes upscale neighborhoods like Ortakoy and Arnavutkoy. Prices here are very high, ranging between $300,000 and $1,000,000 depending on location and view.

 

2. Sisli: A lively center close to the business district on the European side of Istanbul, offering luxury apartments in modern complexes and older buildings. Prices range from $150,000 to $500,000.

 

3. Bagcilar: A rapidly developing area on the European side of Istanbul, close to transportation like the metro and Metrobus. Prices are more reasonable compared to central areas, starting at $100,000.

 

4. Kadikoy: A famous coastal area on the Asian side, home to Moda, one of the most prestigious residential neighborhoods, offering apartments with sea views. Prices range from $200,000 to $600,000.

 

5. Umraniye: A relatively affordable area on the Asian side of Istanbul that is developing rapidly with modern residential complexes. Prices start from $80,000 and can go up to $250,000.

 

6. Uskudar: Located on the Bosphorus on the Asian side of Istanbul, offering some of the most beautiful sea views. Prices here range from $250,000 to $700,000 per apartment.

 

7. Beylikduzu: Considered one of the cheaper areas compared to the aforementioned ones. Located on the European side, it is one of the fastest-growing areas in Istanbul. It features modern development and good infrastructure, such as public transportation (Metrobus). Prices in Beylikduzu start from around $60,000 to $120,000 for mid-range apartments.

 

8. Esenyurt: A popular area for those looking for affordable apartments on the European side of Istanbul. Apartment prices here start from $50,000 and can go up to $100,000, depending on the size of the apartment and the services offered. The area is continuously developing and is considered a good economic option.

 

9. Sultangazi: An economically friendly area on the European side. Apartment prices start at around $70,000, making it a suitable option for families looking for affordable housing.

 

Apartments in Bursa

Bursa is an ideal city for those seeking tranquility and nature, while also being close to the vibrant economic, cultural, and tourist center of Istanbul.

The beautiful city in northwestern Turkey is an industrial and tourist hub, with an attractive natural environment that includes the famous "Uludag" mountains.

The city is witnessing growing demand for apartments, from both locals and foreigners looking to live or invest. If you are looking for apartments for sale in Bursa, consider these areas that offer both affordable and more expensive options:

1. Nilufer: One of the most attractive areas for families and professionals, known for its modern residential complexes and quiet environment. Luxury apartments here are available for prices ranging from $100,000 to $250,000.

 

2. Mudanya: A peaceful seaside destination, known for its sea-view apartments, making it perfect for living or investment. Prices typically range from $120,000 to $300,000.

 

3. Osmangazi: The historical city center that offers a blend of old and modern apartments. The apartments here are more suitable for residents who want to be close to business centers and traditional markets. Prices range from $80,000 to $200,000.

 

4. Yildirim: An area closes to the city center and considered economically friendly. Apartment prices start from $50,000 to $90,000, making it one of the best options for affordable housing in Bursa.

 

5. Kestel: An area in the east of Bursa, known for its quiet environment, offering affordable apartments priced between $60,000 and $100,000, making it a good option for those looking for housing away from the city center but at a reasonable price.

 

6. Gursu: Gursu is one of the affordable options in Bursa, with prices ranging from $60,000 to $110,000. It is known for its developed infrastructure and proximity to public transportation.

 

Apartments in Antalya

In this coastal city on the Mediterranean, you will find an attractive option for buying apartments for living or investing in holiday homes.

Antalya is one of the most important tourist destinations in Turkey, enjoying a mild climate all year round and beautiful beaches.

For those looking for apartments for sale in Antalya, here are some of the best locations to buy according to different budgets:

1. Lara: One of the most important and luxurious areas in Antalya, featuring apartments with fantastic sea views, close to the beaches. Prices here are relatively high, starting from $150,000 and going up to $500,000.

 

2. Konyaaltı: One of the luxury areas known for its proximity to a long sandy beach and tourist facilities. Apartments here range from $100,000 to $300,000.

 

3. Kepez: An inland area relatively far from the sea, so it is cheaper than coastal areas but offers modern apartments at reasonable prices. Prices start from $50,000 and may go up to $100,000.

 

4. Dosemealti: A beautiful area located north of Antalya, known for its tranquility and nature. Despite being relatively far from the city center, it offers apartments at low prices, ranging from $50,000 to $90,000. It is ideal for families looking to live in a quiet environment at affordable prices.

 

5. Aksu: An area close to the airport and considered one of the developing areas in Antalya. It offers apartments at prices starting from $60,000 and going up to $120,000, with good investment opportunities due to its ongoing development.

 

What will you get if you buy an apartment in Turkey?

After reviewing some of the best options and prices for apartments for sale in Turkey, it’s important to know the benefits that make investing or moving to Turkey attractive options.

Owning an apartment in Turkey offers foreigners multiple advantages, including:

1. Real Estate Residency

Foreigners who purchase property in Turkey can obtain real estate residency, which is an annual residence permit that can be renewed as long as the person owns the property.

This residency allows the holder to live legally in Turkey and benefit from education and health services.

2. Applying for Turkish Citizenship

Foreigners who purchase property worth $400,000 or more can apply for Turkish citizenship. This program has become very popular because it allows investors and their families to obtain a Turkish passport.

3. Low Cost of Living

Turkey enjoys a low cost of living compared to many European and Asian countries in terms of housing, food, and transportation, making daily life affordable even in major cities like Istanbul.

4. Diverse Tourism and Geographical Environment

In this unique country, you can enjoy historic cities like Istanbul, beautiful beaches in Antalya and Bodrum, and mountainous nature in Bursa and Trabzon. These are just a few examples of numerous tourist destinations.

Owning one of Turkey's properties allows you to enjoy great vacations, with the possibility of renting out the apartment to tourists if you’re not using it regularly.

5. Affordable Real Estate Prices

There are offers in Turkey that will surprise you with their affordable prices compared to many European countries.

With booming tourism and a growing population, demand for property rentals is increasing, providing owners with lucrative rental income in the short and long term.

6. Modern Infrastructure

Turkey has invested heavily in infrastructure, including excellent transportation networks, modern international airports, world-class hospitals, and schools.

Modern residential complexes also offer integrated facilities such as swimming pools, gyms, gardens, and 24-hour security.

7. Installment Options

Many real estate companies in Turkey offer installment options, making it easier for foreigners to own apartments without having to pay the full amount upfront.

This makes property ownership in Turkey more flexible and suitable for a wide range of budgets.

8. Simple Legal Procedures

Turkey has simplified the legal procedures for foreigners to purchase real estate. The purchase requires a few simple documents, and the process can be completed through a lawyer or certified real estate agent.

Foreigners have the same legal rights regarding property ownership as Turkish citizens.

Steps for a Foreigner to Buy an Apartment in Turkey

Purchasing an apartment in Turkey requires knowledge of the legal requirements, so it is recommended to consult an expert lawyer to discover the ease of this process. Here are the key steps:

1. Searching for the Right Property

When searching for an apartment for sale in Turkey, it’s important to determine the area where you want to invest or live. It’s recommended to take a tour of the areas and check out different projects.

Several trustworthy real estate companies provide consulting services to make the process smoother. You can also find apartments online through real estate websites.

2. Checking Legal Ownership

It is essential to ensure that the property is legally registered and free of debts or mortgages. Request a copy of the title deed (Tapu) to confirm the property’s legal status. It is advisable to hire a lawyer specialized in real estate law to assist you.

3. Opening a Bank Account

You will need to open an account at a Turkish bank to transfer funds and pay for the property. The required documents include your passport, tax number, and proof of address with a utility bill (electricity or water).

The tax number can be easily obtained from the tax office in the city where you intend to purchase the property.

4. Signing the Sales Agreement

Once you’ve agreed on the apartment, a sales agreement is signed between you and the seller.

The contract includes the property details, price, whether payments will be made in installments, and the delivery date if the apartment is new. A lawyer must be present to ensure your rights.

5. Paying a Deposit

A down payment (usually 10% of the property value) is paid as proof of commitment to the purchase. This payment is made upon signing the sales agreement. Make sure you receive an official receipt for this payment.

6. Transfer of Ownership (Title Deed)

Once the full agreed amount has been paid, you will head to the Tapu office to officially transfer the ownership to your name. You will receive the title deed that proves you are the legal owner.

7. Paying Taxes and Fees

Under Turkish law, you are required to pay a property transfer tax of around 4% of the apartment’s price, along with an annual property tax, which is an annual amount depending on the type and location of the property.

8. Obtaining Real Estate Residency

After the purchase, you can apply for real estate residency, which grants you the right to legally reside in Turkey. This is the benefit that many seekers of apartments for sale in Turkey are waiting for.