In this article, we will discuss the best area to buy an apartment in Istanbul, Turkey, along with the top regions and cities for buying apartments in Turkey. Additionally, we will provide essential tips to consider when making a purchase and answer some common questions related to this topic.

Skyline Real Estate wishes you an enjoyable and informative read.

What is the Best Area to Buy an Apartment in Istanbul, Turkey?

The best areas to buy apartments in Turkey are in Istanbul, regardless of whether the purchase is for residence or investment. According to recent reports, the investment value of residential apartments in Istanbul has significantly increased.

Apartment prices in Istanbul increased by 118% in 2022, with the Umraniye district ranking first among Istanbul's regions in terms of rising apartment prices, leading to a 179% increase in investment value.

Other areas in Istanbul have also seen annual increases in apartment investment values exceeding 100%, including:

• Gaziosmanpasa
• Maltepe
• Bagcilar
• Bakirkoy
• Basaksehir
• Cekmekoy
• Avcilar
• Beylikduzu
• Besiktas

Read Also:

• Umraniye District in Istanbul
• Discover Beylikduzu in Istanbul

Best Areas in Turkey for Real Estate Investment in 2023

Now that we've covered the best area to buy an apartment in Turkey, let's look at other prime locations for real estate investment through apartment or other property purchases. Some of the best areas for real estate investment in Turkey include:

Antalya City

Antalya is the tourism capital of Turkey, which causes property values to continually rise, especially in areas designated for summer vacations and holidays. According to real estate experts in Turkey, the most promising areas in Antalya are:

• Kepez
• Dosemealti
• Konyaalti

Property prices in Antalya have recently increased by 23%, and rental yields have continuously risen due to the resurgence of tourism post-COVID-19, leading to higher demand for rentals.

Ankara City

Ankara ranks second among the best areas in Turkey for real estate investment. According to real estate experts, the city has seen significant increases in the investment value of apartments over recent years, with annual increases exceeding 25.8%.

Etimesgut is the top area in Ankara for apartment investment, with annual increases exceeding 121% in the past two years. Cankaya ranks second with annual increases of 115%, followed by Pursaklar with 109%.

Trabzon City

Trabzon, known as the Green Pearl of the Black Sea, is a picturesque city with mountainous villages that experience cool weather even during hot summer days.

The villages near Uzungol Lake and Hidirnebi Highlands are especially popular. The Trabzon Port is one of Turkey's most important Black Sea ports.

The best areas in Trabzon for buying apartments and investment include:

• Yomra: A key area in Trabzon with numerous luxurious residential projects and all necessary amenities, known for its tranquility.
• Yalincak: Ideal for its clean air, moderate climate, lush greenery, and stunning Black Sea views.

Bursa City

Bursa is a tourist and industrial city in Turkey, resulting in high demand for real estate and steadily increasing rental yields. The best area for buying an apartment in Bursa is Mudanya, surrounded by forests and green meadows, with shores along the Sea of Marmara. Mudanya is the third richest area in the world in terms of oxygen, making it a sought-after residential area. Other notable areas include Karacabey and Nilufer, attracting real estate investors in Turkey.

Essential Tips for Buying an Apartment in Turkey

To ensure a successful real estate investment or a pleasant residence in a Turkish apartment, adhere to the following tips:

• Ensure the property is tenant-free, and if occupied, confirm the eviction date.
• Verify that the property owner has no outstanding taxes.
• Confirm the seller's legitimacy and legal right to conduct the sale.
• Ensure there are no other owners or buyers for the apartment.
• Ensure the property is free from mortgage or lease rights.
• Visit the apartment to verify that its specifications match those stated in the title deed.
• Request a copy of the title deed to verify that the owner has not transferred ownership in any form.

Frequently Asked Questions About Buying an Apartment in Turkey

Here are some common questions about buying apartments and real estate investment in Turkey, with clear answers:

When is the best time to buy property in Turkey?

Most real estate experts in Turkey recommend buying property during one of the four seasons, particularly spring. Others suggest buying during winter due to reduced buying and selling activity and lower tourism, which can result in lower prices.

Can foreigners own property in Turkey?

Yes, according to Law No. 35 of the Land Registry Law No. 2644, amended by Law No. 6302, effective since 2012, foreigners are allowed to own real estate in Turkey, with a maximum limit of 30 hectares across Turkey.

Why can't Syrians own property in Turkey?

In 2012, the Turkish Parliament passed a law allowing foreigners to own property in Turkey. However, practical application of this law revealed instructions preventing certain nationalities, including Syrians, from direct ownership due to reciprocity agreements between countries.

Can Syrians inherit property in Turkey?

Yes, Syrians with Turkish passports or other passports allowing property ownership in Turkey can inherit properties, provided the heirs do not hold Syrian passports.

Read Also:

• Buying Property in Turkey for Syrians

This concludes our article on the best area to buy an apartment in Turkey. Skyline Real Estate also highlighted several other cities for real estate investment in various parts of Turkey and provided essential tips for buying apartments. For more details on real estate investment in Turkey, feel free to contact us at Skyline Real Estate.