Buying a property in Istanbul
Buying a property in Istanbul for two billion
Buying property in Istanbul It is possible with two billion. First of all, you should know that in recent years, the number of people interested in Turkey has increased, and this has led to an increase in the number of people applying for immigration to Turkey. As we mentioned earlier, it is possible to obtain residency by purchasing property in this country, but you should know that you cannot obtain residency in this country by purchasing property worth two billion Tomans.
As stated in the laws of this country, people who intend to obtain residency by purchasing property must have a value of more than 200 thousand dollars, and to obtain citizenship, they must purchase property that is worth more than 400 thousand US dollars.
Similarities between buying property in Tehran and Istanbul
Just as in Tehran you can choose your area and place of residence according to your budget, so it is the same in Istanbul. You can live in different areas of this city according to your budget. The higher your budget, the easier it will be to find the amenities and buy the property you like in the desired area. Conversely, if your budget is lower, the amenities and area you choose will change according to the amount of money you can pay.
Two billion tomans is not a cost that you can buy a property in the excellent areas of Tehran such as Zafaraniyeh or Niavaran, etc. In Istanbul, you cannot buy a house in excellent and luxurious areas with the money you have planned. Just as in Tehran you can buy a property in some geographically weak areas such as Islamshahr, Kahrizak, and some neighborhoods of Shahr-e Ray, etc. with two billion tomans, the same conditions exist in Istanbul. In areas such as:
- Beylikduzu
- Sneivert
- Little Chekmeje
- Bagillar
- Avgiladir
You can buy property, but you can’t choose a good property. As we said, you can buy in a number of neighborhoods, but only for investment.
Areas prohibited for residence permit
As you know, some of these areas, such as Esenyurt, Bağılar, or Küçükçekmece, are prohibited areas for obtaining residency. These areas are prohibited areas for renting a house in Istanbul or buying a property, which does not include residency in the Turkish Immigration Office. Of course, buying a property with the intention of obtaining citizenship is not a problem from a legal perspective, but the conditions must be met and the relevant laws must be observed.
Even if someone rents a house in some of these areas, they cannot obtain residency unless their residency is a student. In this case, your residency is registered as a student, so you are allowed to buy or rent property in any neighborhood. According to the announced laws, students can rent property or buy a house in any area they wish, even in areas prohibited for residency.
The risks of buying property in Istanbul for two billion tomans
To buy a property with two billion tomans, it is better to face its disadvantages and risks. Obviously, when you set a limited amount of money or a minimum amount of money to buy something, you will definitely encounter a series of problems in obtaining it. To buy a property in Istanbul with two billion, you can face problems such as weak Istanbul regions Geographically and difficult access to vehicles and facilities, you also know that buying a house in a poor area means being far from adequate facilities and not being in a suitable location, and the property’s area is small and the building is old, meaning it is old.
All of these things may create financial and investment risks for you.
Important things to pay more attention to when buying. Reviewing legal documents and documents related to the property through a legal lawyer in a legal manner, which must be paid attention to the property document and the results of municipal inquiries. Keep in mind costs such as property documents, taxes, subscription fees and other additional costs.
Buying cheap property in Türkiye
As you know, a cheap house may have problems such as location, type of property, its facilities and many other points in this regard. The first option is the density of building units, meaning that if there are more units on the floors, the amount of crowding and noise increases. This is one of the reasons that affects the price of the house. The second option is buildings that do not have private parking or parking is provided for a limited number of units. The third option is buildings without elevators, which is one of the factors that affect the low cost of the property.
You should know that the direction of building a property facing south or north also has different prices due to the difference in lighting and other facilities.
Can you buy property in Türkiye with two billion Tomans?
In answer to the question of whether it is possible to buy a property in Turkey for two billion Tomans, we can say that yes, with this amount of money, according to the above, it is possible to purchase a property in areas with poor geographical location and the problems mentioned, but that property may not be the same as your wishes and interests. In luxury areas such as Maltepe, Nişantaşı or Beşiktaş, you cannot find a property at this price, and even if you find one, it will definitely not be a suitable property.
Depending on your budget and conditions, as well as the number of people and standards you want, you can buy a property in the best areas at a higher cost. Ultimately, buying a property in Istanbul for two billion is possible, but it is recommended that you consult with a Turkish legal lawyer and4k Group legal consultants so that you can make the right decision for your capital and investment.
Conclusion
In this content, we learned about buying a house for two billion in Istanbul and learned about its possible risks and disadvantages. If you need advice and buying property in Istanbul, you can contact 4kgroup consultants.
