Apartments for Sale in Istanbul with Turkish Government Guarantee
June 27, 2024
Searching for apartments for sale in Istanbul with the Turkish government guarantee is the preferred option for anyone looking to invest in Turkey, particularly for investors and businessmen. This choice is considered safe, long-term, and reliable.
In this article, we will explain what it means to buy apartments in Istanbul with a Turkish government guarantee and its benefits. We will also recommend the best areas in Istanbul for you to consider when looking for suitable apartments.
Enjoy your reading, and we hope you find it informative.
How Are Apartments for Sale in Istanbul with a Turkish Government Guarantee Different?
Buying apartments under the Turkish government guarantee means that the land ownership where the apartments or any real estate project is built belongs to the Turkish government. The government ensures the completion of the project by contracting a construction company to build and develop the project, thus becoming a partner and guarantor of it.
The government guarantee includes a contract signed with the buyer at the time of purchase, which outlines the aforementioned terms, the installment payments to be made to the government, and ensures the project's completion by the scheduled date.
It's important to note that the construction company responsible for building and developing the project is also in charge of marketing and selling the project. Buyers acquire property in the project by signing a sales contract with the government-affiliated company, and all payment transactions are made to the Turkish government via bank transfers.
Benefits and Advantages of Buying Apartments in Istanbul with Turkish Government Guarantee
Searching for and successfully purchasing apartments in Istanbul with the Turkish government guarantee presents a golden opportunity with numerous positive aspects, such as:
Guaranteed Completion
Assurance of receiving your apartment 100% on the specified date.
Comprehensive Facilities
Guarantee of all essential amenities around your apartment, such as schools, hospitals, transportation, etc.
Prime Location
This is the best and safest option for residing in Istanbul, which boasts numerous historical and contemporary landmarks.
These reasons and more make it wise to consider searching for apartments for sale in Istanbul with the Turkish government guarantee. However, it's essential to consult a real estate expert first for advice on buying a property that fits your needs. Additionally, review the evaluation of the apartment you have chosen, and if you decide to purchase it, carefully examine the sales contract, which will either be a transfer contract from the current Turkish owner or a direct contract with a Turkish government representative in the project.
Top Areas in Istanbul for Government-Guaranteed Ownership
Following the 2013 law allowing foreigners to own long-term projects, which are usually under the Turkish government guarantee, Istanbul has seen a significant influx of Arab and foreign investors.
Currently, there are many options available for investing and owning apartments for sale in Istanbul with the Turkish government guarantee in various areas, including:
Başakşehir
Located on the European side of Istanbul, Başakşehir is built based on the latest architectural standards and has a robust infrastructure. This makes it attractive to businessmen and investors of all nationalities. The area offers all essential services such as educational institutions, healthcare facilities, shopping centers, entertainment venues, and a variety of transportation options.
Beylikdüzü
This area, also on the European side, is one of the best places to search for apartments with a government guarantee. Known for its modern residential complexes and wide range of options, Beylikdüzü provides various services and recreational facilities at competitive prices.
Bahçeşehir
Known as the "Garden City," Bahçeşehir is located northwest of Küçükçekmece Lake. It is close to major projects like the Istanbul Third Bridge, Istanbul Airport, and the Marmara Highway, making it a strategic location for investing in government-guaranteed apartments. The area's potential for high investment returns is significant, particularly as it continues to develop and expand.
Kadıköy
This district on the Asian side of Istanbul extends along the Sea of Marmara. Kadıköy is one of the oldest neighborhoods with historical significance and notable landmarks, making it an attractive location for those seeking apartments with a government guarantee.
Zeytinburnu
Positioned between Atatürk Airport and the historic center of Istanbul, Zeytinburnu offers a stunning sea view, making it a coastal area where real estate investment is a smart choice, especially with the Turkish government partnership.
Conclusion
Skyline Real Estate hopes this article has provided you with comprehensive information about apartments for sale in Istanbul with a Turkish government guarantee. We explained what it means to buy apartments under the Turkish government guarantee, its benefits, and the top areas we recommend for finding suitable apartments.
For further information, you can reach out to us for expert advice and assistance in your property search.
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