Villa for sale in Istanbul is a luxurious type of property. The purchase of a villa in Istanbul not only makes it possible to recoup the funds invested but also to increase them. Istanbul is one of the largest and most developed cities in Europe; it occupies territory with a total area of 5,343 km². with more than 15 million people living in the city, and according to statistics, the population is growing every year.
Villa for sale in Istanbul
Istanbul is a populous city that attracts real estate buyers and investors from all over the world. Villas for sale in Istanbul are one of the properties that serious clients look for. When you invest in a property, 250,000 dollars means that you are entitled to apply for Turkish citizenship. Most of the luxury villas in Istanbul will not cost less than that.
The legislation provides for the title procedure for processing real estate transactions. Cadastral management guarantees the buyer the purity of the transaction. This simplifies the procedure for processing transactions on the sale of residential properties.
Banks in Turkey offer foreigner convenient mortgage loans. The down payment for citizens of foreign countries amounts to 50% of the appraised value of the selected property. The bank representative performs the property's value assessment procedure.
To obtain a mortgage loan, you need to provide the bank with the necessary set of documentation. The agents of our company will assist you in the preparation of paperwork and answer any questions.
Benefits of acquiring villas in Istanbul:
In Turkey, annual property tax is 0.1-0.3% of the cadastral value of a property.
The tax on the purchase of real estate is 4% of the value written in TAPU - a document certifying ownership of property.
When renting a property, tax is paid based on the amount of income received. The rate ranges from 15-35%. If the amount of income does not exceed 3800 TRY, the tax on profit is not paid.
Upon sale, the property owner is exempt from tax if the property has been owned for at least five years.
Inheritance of a property is taxed in the range from 1 to 10% of its value. Donation is also taxable, but its rate ranges from 10 to 30%.
Istanbul is a center of tourism resort, therefore, purchase of villa for rent in Istanbul can be profitable.
This approach makes it possible to save money spent on the maintenance of the real estate, and will also allow to return part of the money spent on the purchase.
What kind of villa for sale in Istanbul can be found?
Luxury villas in Istanbul are to most popular among foreign buyers, and quite often, among wealthy Arabs and Turks.
Villa in Instanbul with sea view is considered an elite property with the exclusive facade and interior design. If you are interested in buying a villa in Istanbul, contact one of our agents, and we will organize for you a FREE inspection trip.
Three types of villas for sale in Istanbul:
Villas with private pool. Large villas with private garden and swimming pool. Suitable for those who value privacy.
Villas which are part of the residential complexes. Includes residential facilities available for residence owners, communal swimming pools, Turkish bath, playground, gym, tennis court, etc.
Twin villas. Large 2-family villa. Each family lives on a separate floor and has a separate entrance.
Villas for sale in Istanbul can be built with standard or luxury equipment. The floor in such buildings is covered with laminate, parquet or marble tiles. The walls can be plastered and painted or finished with good quality wooden panels.
Villas are equipped with a waterproofing layers, and air conditioners are installed in each room. In winter, houses are heated using steam heating, which operates from an electric or gas boiler.
On the real estate market, you can often find villas for sale in Istanbul equipped with a bath or a jacuzzi, satellite TV, Internet and telephone, lighting equipment and household appliances.
Description of districts in Istanbul
Modern Istanbul is divided into 39 administrative districts. Many of them can be distinguished as especially popular and prestigious for buying luxury villas in Istanbul.
Description and infrastructure of the city districts:
Beykoz. The population of the district is 240 thousand people. Located in the Asian part of Istanbul, it lies on the west side of the Bosphorus Strait, and the Black Sea on the North. This is a strategically important area in Istanbul, which in the XV century was adjoined to the Ottoman Empire. Today it has become Turkey's gateway to the Black Sea basin. Beykoz is a picturesque district and attracts tourists seeking to visit the tomb of St. Yushi, the fortifications of Yoros and Anadoluhisar, the village of Polonezkey. The area is occupied with luxury mansions and luxury villas.
Çekmeköy. It is located in the suburbs of the Asian part of Istanbul, it and is considered as a sleepy area, dwelt by 150 thousand people. Tourists rarely drop in here, as this place is quiet and calm. There are no multi-story buildings and city bustle. Private properties are located in a green forest area.
Büyükçekmece. The area of 270 km² is located on the coast of the Sea of Marmara, and a population is 170 thousand people. The area is filled with private expensive luxury villas. Buyukcekmece is located in the European part of Istanbul, and this place is considered calm and highly recommendable. The district has developed urban infrastructure and several beaches.
Maltepe. Located on the Asian side of Istanbul, opposite the Prince Islands. The population of the district is 430 thousand people. The development of this territory began in the 70s. The area is quite new. Luxury villas and expensive real estate are built here in abundance.
Sarıyer. One of the largest districts of Istanbul, located on the European side of the Bosphorus and the Black Sea to the west, the population is 210 thousand people. Sarıyer attracts investors with its beautiful coast and centuries-old forests. Previously, this area was fishing settlements, replaced by luxury private villas and mansions. In the southern part of the district, the Rumelihisar fortress has been preserved, attracting the attention of tourists. A small village in district Sarıyer called Kilyos (Kumköy) is a tourist resort on the shores of the Black Sea.
Silivri. Located on the outskirts of the city in the European part, the distance to the centre of Istanbul is 70 km. The population is small, only 150 thousand people, but the area is popular among the locals, especially for recreation and picnics. Many investors have invested in building villas and houses here.
Eyüp. The area district is 224 km², with a population of 320 thousand people. It is located on the coast of the Golden Horn and is attractive for its natural beauty. French writer and naval officer, Pierre Loti, fell in love with this place. In Eyüp, you can find a few famous cafes and restaurants named after Pierre, overlooking the Bosphorus Strait. The area is considered as the most religious - Eyüp Sultan Mosque was built here, there are also ancient graves and tombs.
The geographical location and developed infrastructure attract people to invest in villas for sale in Istanbul. This magnificent and spectacular city will be able to satisfy the wishes of the most demanding clients and investors.
With a high demand for luxury villas in Istanbul, it is not difficult to find clients or tenants for real estate. Our company provides a full service for a processing sale transaction and specialize in construction sites.
Villa for sale in Istanbul: price and what it depends on
Villas for sale in Istanbul have a rising tendency, according to statistics, the cost of square meters annually increases up to 15%, and there is no forecast of a downward trend in the real estate market. Real Estate market in Turkey becomes comparable to European leadership in terms of the rate of increase in residential property prices.
Pricing criteria for a villa for sale in Istanbul depends on the following factors:
The cost of building materials
The area of the object, as well as the number of rooms and their layout
Infrastructure development of the residential area
A part of the residential complex or single construction
The prestige of the district and its remoteness from the central part of the city
Windows and balconies view; sea proximity
Extra amenities, like Smart Home system, floor heating, alarm etc.
Villas for sale in Instanbul vary in price. You can buy a cheap villa in Istanbul for 300 thousand euros, or choose the most prestigious and luxury villa with a private pool 2 million euros and more.
The urgent sale from a resale market villa in Istanbul can reduce the price by 10 - 20 %. To save money, and buy profitably, check our villas for sale in Istanbul on still ongoing constructions.