This article will mention the top 5 residential districts in Istanbul, located on the European side of Istanbul, what distinguishes these districts, and their residency style.

What are the top 5 residential districts in Istanbul?

Kucukcekmece Lake

The name of the neighborhood comes from the Kucukcekmece Lake, a notable topographical feature that offers visitors and residents a beautiful setting. It is a well-liked location for leisure activities because it has several parks and recreational spaces along its coasts.

Residential Areas

The district of Kucukcekmece is diversified, with a variety of residential areas. From families to young professionals, it serves a diverse population of locals. Many different housing alternatives are available, including modern apartment complexes, townhouses, and more traditional residential communities.

Transportation

Concerning transportation, Kucukcekmece is well-connected to the rest of Istanbul. The district is crossed by the E-5 highway, one of Istanbul’s main highways, the TEM highway, and the Basin Express, which makes it simple to get to other areas of the city. Kucukcekemce railway station (Marmaray), Public buses, and the Metrobus, a rapid transit system that links several sections of Istanbul, are also available in the area.

Healthcare and Education

Numerous educational facilities, including primary, high, and vocational schools, are located in the district. Additionally, there are other colleges and universities close by such as Istanbul Aydin University, and Istanbul Sabahattin Zaim University. Public and private hospitals, medical facilities, and clinics are present in Kucukcekmece, guaranteeing residents have access to healthcare facilities to get the best health services.

Check our latest projects in the Kucukcekmece district

Modern Development

One of Istanbul’s most recent districts, Basaksehir, has undergone major recent development. New residential and commercial buildings have fueled the district’s urbanization, making it a desirable location for individuals looking for contemporary living and facilities. It includes Basaksehir City Square which is considered as the district’s heart, it acts as a hub for a variety of activities and events. Public areas, cafes, and recreational amenities can be found in the square.

Residential Areas

Basaksehir is famous for its well-designed, contemporary communities. Due to its family-friendly environment, green areas, and conveniences, the area is especially appealing to families. Apartment complexes and townhouses are just some of the housing alternatives available.

Healthcare and Education

The Basaksehir Cam and Sakura City Hospital, one of Turkey’s most extensive and modern healthcare facilities, is one of Basaksehir’s outstanding features. The hospital complex offers complete health services and is outfitted with cutting-edge medical technology.

The district has several educational institutions, including high schools, vocational schools, and elementary and secondary schools. Universities and other institutions of higher learning are also located nearby such as Ibn Haldun University.

Transportation

One of the main features of this district is its close proximity to Istanbul Airport; It is easy to get from Basaksehir to other areas of Istanbul via various transportation methods. Public buses and the Basaksehir Metro Line are all accessible from the district; it passes through the TEM highway and Basin Express, making it simple to get to other city areas.

Amenities

Basaksehir is a home to number of well-known shopping malls that serve the demands of its residents. Basak center, and most notably Mall of Istanbul to be one of the biggest shopping malls in Turkey, which includes both local and international famous brands, as well as a large cinema complex for entertainment acitivities.

Check our latest project in the Basaksehir district

Bosphorus Strait

The Bosphorus Strait’s proximity to Sariyer is among its most essential characteristics. The Bosphorus and Istanbul’s Asian side are beautifully visible from the neighborhood’s coastline along the canal. Sariyer is a popular destination for individuals looking for scenic living settings, because many of its districts have direct access to the waterfront, and many of seaside restaurants and cafes.

Green Spaces

Sariyer is well-known for its luxuriant greenery and natural beauty. The district has plenty of chances for outdoor activities, including hiking, running, and picnics, because it is home to woods, parks, and wooded regions. Belgrad Forest attracts many outdoor enthusiasts and those who like the great outdoors.

Residential Areas

The district provides a variety of housing alternatives, such as premium areas with waterfront mansions and apartments, as well as more conventional residential areas. Istinye and Tarabya are neighborhoods in Sariyer, which are considered as luxurious residential areas. To be mentioned that properties with views of the Bosphorus Bridge and proximity to the water are especially sought.

Transportation

Sariyer has excellent transportation connections to the rest of Istanbul. The TEM highway and the seaside road make access to other city areas simple. The neighborhood is served by buses and other forms of public transportation. The Haciosman Metro Station connects the neighborhood to Istanbul’s metro system.

Education

The district provides its citizens with a variety of educational alternatives, such as public and private schools as well as higher education institutions. Some of the main universities are Koc University, and Istanbul Technical University, both known for their high-quality education.

Historical Sites

Sariyer has a variety of historical sites including the Rumeli Hisari Fortress, which was constructed in 1452 by Ottoman Sultan Mehmed the Conqueror in anticipation of his conquest of Constantinople.

Check our latest projects in the Sariyer district

Residential Areas

Due to its handy position and easy access to transportation networks, Kagithane developed over time into a more residential neighborhood which contians a great city life that draws in locals and young professionals.

Real Estate

With various residential and commercial projects underway, Kagithane has undergone major urban redevelopment and growth in recent years. As a result, property values have increased, and contemporary housing complexes have been built.

Transportation

Through various transportation alternatives, like buses, the metro, and other public transportation services, the district is well-connected to other areas of Istanbul as E-5 and TEM highways cross its line. Numerous metro stations serve Kagithane, making it more straightforward for locals to commute to other parts of the city.

Parks and Recreation

Kagithane has parks and open spaces that allow locals to unwind and engage in outdoor sports. For those who enjoy the outdoors, the vicinity of the Belgrad Forest and the lovely Ayazma Park is a bonus.

Check our latest projects in the Kagithane district

Residential Areas

Modern home developments in Beylikduzu are well-known for providing a mix of apartments and villas. Because it is less expensive than the city center, the district’s real estate market has grown, making it a desirable choice for families and young professionals.

Coastal Areas

Beylikduzu has a coastline that abuts the Marmara Sea, and there are parks, paths for walking, and recreational spaces there that look out over the water. The coastline area has recently experienced development and beautification, making it a sought-after destination for locals and tourists.

Transportation

Beylikduzu has excellent transportation connections to different areas of Istanbul. The district has easy access to the city center and surrounding areas thanks to the E-5 highway. The region is mainly served by the Metrobus line, which connects the European side to the Asian side of Istanbul, buses, and minibusses for public transit.

Amenities

Beylikduzu has several amenities, including shopping malls like Marmara Park Mall, marketplaces, restaurants, cafes, and amusement areas. Numerous new commercial and social venues have been developed to accommodate the district’s expanding population.

Check our latest projects in the Beylikduzu district

Conclusion For The Top 5 Residential Districts in Istanbul

Above, the top 5 residential districts in the European side of Istanbul have been discussed, highlighting what distinguishes each one of them in terms of location, residential area, transportation, healthcare, and other aspects.

Check out some of our interesting projects in Istanbul

If you’re planning to invest in real estate in Turkey, it’s essential to understand the tax implications of owning property. In this blog, we will take a closer look at the real estate taxes in Turkey and what you need to know.

Property Taxes in Turkey

Property taxes in Turkey are divided into two categories: annual property tax and real estate transfer tax.

• Annual Property Tax: This tax is levied on the property’s value and is payable annually. The amount of tax you pay is based on the assessed value of your property, which the local tax office determines. The tax rate ranges from 0.1% to 0.6% of the estimated value, depending on the property type and location.
• Real Estate Transfer Tax: This tax is levied on the sale or transfer of property and is payable by the buyer. The tax rate is 4% of the sale price or the assessed value, whichever is higher.

Value Added Tax (VAT)

Value Added Tax (VAT) also applies to real estate transactions in Turkey. The VAT rate for new properties is 18%, while the VAT rate for second-hand properties is zero. However, if you’re purchasing a second-hand property from a developer or a company, you may still be subject to VAT.

Capital Gains Tax

If you sell your property in Turkey, you may be subject to capital gains tax. The tax rate is 15% for properties held for less than five years and 0% for properties owned for more than five years.

Inheritance and Gift Tax

If you inherit or receive a gift of property in Turkey, you may be subject to inheritance and gift tax. The tax rate ranges from 1% to 30%, depending on the value of the property and the relationship between the donor and the recipient.

Conclusion

Owning property in Turkey has several tax implications, including annual property tax, real estate transfer tax, VAT, capital gains tax, and inheritance and gift tax. Please understand the different taxes and rates, and consider consulting with a tax professional to ensure they comply with the Turkish tax system. With proper planning and due diligence, you can successfully invest in real estate in Turkey while minimizing your tax liabilities.

If you’re planning to invest in real estate in Turkey, one of the most importancriticalt documents you need to know about is the title deed, the tapu. The title deed is an official document that proves ownership of a property in Turkey. In this blog, we’ll review the title deed and what you need to know about it.

What is a Title Deed?

A title deed, or (Tapu), is an official document issued by the Turkish government that proves property ownership.

It contains information about the property, such as its location, size, and registered owner. The title deed is required for all property transactions in Turkey, including buying, selling, and transferring ownership.

Types of Title Deeds in Turkey

Turkey has two main types of title deeds: individual and corporate. Separate title deeds are issued to respective property owners, while corporate title deeds are given to legal entities such as companies or partnerships.

In addition, there are several categories of title deeds, depending on the type of property and its intended use. These categories include residential, commercial, agricultural, and forest land title deeds.

How to Obtain a Title Deed in Turkey

To obtain a title deed in Turkey, you will need to go through a series of steps:

1. Obtain a Tax ID Number: Before purchasing property in Turkey, you must obtain a tax identification number from the Turkish tax office.
2. Find a Property: Search for a property that meets your needs and budget, and make an offer to the seller.
3. You should hire a lawyer to help you with the legal aspects of purchasing property in Turkey, including reviewing the title deed and negotiating the contract.
4. Sign the Contract: Once you and the seller have agreed on the terms of the sale, you will sign a sales contract.
5. Apply for the Title Deed: After signing the sales contract, you must apply for the title deed at the land registry office. The application process can take several weeks, and you may need to provide additional documents or information.

Conclusion

The title deed is a critical document regarding owning property in Turkey.

It proves ownership and is required for all property transactions. Could you ensure you understand the different types of title deeds and the steps involved in obtaining one and consider hiring a lawyer to guide you through the process? With proper research and due diligence, you can successfully get a title deed and invest in real estate in Turkey.

Turkey is a popular destination for real estate investors, and many people are interested in buying properties still under construction. While this can be a great way to get a good deal on a property, it is essential to understand the risks and challenges involved. Therefore, this blog will look closer at buying real estate under construction in Turkey.

Advantages of Buying Real Estate Under Construction

There are several advantages to buying real estate under construction in Turkey, including:

1 – Lower Prices: Properties still under construction are generally sold at a lower price than completed properties.

2 – Customization Options: Buying a property under construction allows you to make changes and customize the property to your liking.

3 – Potential for Higher Returns: Properties still under construction can increase in value as the construction progresses and the surrounding area develops.

Risks and Challenges of Buying Real Estate Under Construction

There are also several risks and challenges associated with buying real estate under construction, including:

1 – Delays: Construction projects can often experience delays, which can push back the completion date of your property and cause inconvenience.

2 – Changes in Property Value: The property’s value may fluctuate during construction, which can impact the overall return on your investment.

3 – Legal and Financial Risks: There are legal and financial risks associated with buying a property under construction, such as the possibility of the construction company going bankrupt or facing legal issues.

Tips for Buying Real Estate Under Construction in Turkey

If you are interested in buying real estate under construction in Turkey, here are some tips to help you navigate the process:

1 – Research the Developer: Could you research the construction company and make sure they have a good reputation and track record?

2 – Please look over the Contract: Carefully review the contract and ensure you understand all the terms and conditions before signing.

3 – Inspect the Property: Inspect the property regularly during construction to ensure that everything is progressing as expected.

4 -Consider a Payment Plan: Many developers offer payment plans that allow you to pay for the property over time, making it more affordable.

Conclusion

Buying real estate under construction in Turkey can be a great investment opportunity, but it is essential to understand the risks and challenges involved. For example, could you do your research, review the contract, look over the property regularly, and consider a payment plan to make the process as smooth as possible? With careful planning and due diligence, you can successfully invest in real estate under construction in Turkey.

Turkey is a popular destination for tourists, students, and entrepreneurs alike. However, if you plan to stay in Turkey for an extended period, you may need to obtain a residence permit. In this blog, we will look closer at residence permits in Turkey and what you need to know to apply for one.

What is a Residence Permit?

A residence permit is an official document issued by the Turkish government that allows a foreigner to reside legally in Turkey for a specified period.

It is typically valid for one year and can be renewed if needed. A residence permit grants the holder permission to live, work, study, and travel in Turkey without a visa.

Types of Residence Permits in Turkey

There are various types of residence permits available in Turkey, depending on the purpose of your stay. The most common types are:

Short-Term Residence Permit: This type of permit is suitable for individuals who plan to stay in Turkey for up to one year for tourism, business, or educational purposes.

Family Residence Permit: This type of permit is issued to family members of Turkish citizens or foreign nationals with valid residence permits in Turkey.

Student Residence Permit: This permit is issued to international students admitted to a Turkish university or other educational institution.

Long-Term Residence Permit: This type of permit is issued to foreigners who have legally resided in Turkey for at least eight years.

How to Apply for a Residence Permit in Turkey

To apply for a residence permit in Turkey, you will need to provide the following documents:

First, a valid passport with at least six months of validity remaining.

A completed residence permit application form.

Proof of health insurance coverage.

Proof of financial means to support yourself during your stay.

A recent passport-sized photograph.

Additional documents depend on the type of residence permit you are applying for.

You can apply for a residence permit at a local migration office or online through the e-residence system. The process can take several weeks, so you should use it before your intended stay.

Conclusion

In conclusion, obtaining a residence permit in Turkey is relatively straightforward. It allows you to reside in Turkey for an extended period legally and grants you the freedom to live, work, study, and travel without needing a visa. However, gather all necessary documents and apply before your intended stay to ensure timely delivery.

When investing in real estate, property valuation is one of the most important factors to consider.

Property valuation is the process of estimating the value of a property based on various factors, such as its location, condition, size, and market trends.

In Turkey, property valuation is a crucial part of the real estate market and plays a significant role in the buying and selling process. In this blog, we will take a closer look at property valuations in Turkey.

What is Property Valuation?

Property valuation is a process that determines the estimated value of a property based on various factors.
First, I would like to point out that property valuation differs from a property appraisal. An appraisal is an estimate of the property’s market value at a specific point in time.
In contrast, property valuation considers all relevant factors that may affect the property’s value in the future.

Factors Affecting Property Valuations in Turkey

The following factors can affect property valuations in Turkey:

Location

The location of a property is one of the most critical factors that affect its value. Properties in prime places like Istanbul or the Aegean and Mediterranean coasts are generally more expensive than those in less desirable areas.

Property Condition

The condition of the property can also affect its value. Properties that are well-maintained and in good condition are generally more valuable than those that require extensive repairs.

Property Size

The size of the property is also a factor that can affect its value. More significant properties are generally more expensive than smaller ones, all equal.

Market Trends

Current trends can also affect the property’s value. Property values may increase if the real estate market is booming, while a slowdown may cause values to decrease.

Infrastructure

The availability of infrastructure, such as transportation, schools, hospitals, and shopping centers, can also affect property valuations.

How Property Valuations are Conducted in Turkey

In Turkey, property valuations are conducted by licensed valuation companies authorized by the Capital Markets Board (SPK). These companies use a variety of methods to determine the property’s value, including:

Comparative Method

This method involves comparing the property to similar properties in the same area that have recently been sold.

Cost Method

This method estimates the cost of rebuilding the property from scratch and subtract any depreciation.

Income Method

This method is used for commercial properties and involves estimating the potential income the property can generate and valuing the property based on that income.

Conclusion

Property valuation in Turkey is an essential part of the real estate market.
They estimate the property’s value and play a significant role in the buying and selling. Property valuations consider various factors, including location, property condition, size, market trends, and infrastructure.Therefore, working with licensed valuation companies when conducting property valuations in Turkey is vital to ensure accuracy and fairness.

Istanbul is a beautiful city that sits on the shores of the Bosphorus strait, offering breathtaking views of the sea. With its rich history, vibrant culture, and stunning scenery, it’s no wonder that coastal properties in Istanbul are highly sought after by both locals and foreigners. In this blog, we will look closer at the coastal properties in Istanbul and why they are worth investing in.

Location:

Istanbul’s coastal properties are located in various city districts, including Bebek, Arnavutkoy, Ortakoy, and Sariyer. These areas are known for their beautiful scenery, lively atmosphere, and luxury lifestyle. In addition, they offer easy access to the city’s top attractions, including restaurants, cafes, shopping centers, and cultural landmarks.

Price:

Coastal properties in Istanbul are generally more expensive than properties located in other parts of the city. The average price per square meter for a coastal property in Istanbul can range from $3,000 to $10,000, depending on the property’s location and quality. The higher prices are due to the high demand for these properties and the limited supply.

Investment Potential:

Investing in coastal property in Istanbul can be a wise decision, as the city’s real estate market has consistently grown. According to the Turkish Statistical Institute, real estate value in Istanbul has increased by 145% in the last decade. Furthermore, the demand for coastal properties is also expected to increase in the coming years due to the city’s growing economy and rising number of tourists.

Furthermore, the rental Income:

Coastal properties in Istanbul can also generate an excellent rental income, especially during the summer when the city is filled with tourists. In addition, many property owners rent out their properties in the short term, which can provide a high return on investment.

Conclusion:

In conclusion, coastal properties in Istanbul are a highly desirable investment due to their prime location, potential for capital appreciation, and rental income. In addition, they offer a luxury lifestyle and stunning views of the sea, making them an attractive option for both local and foreign buyers. However, it’s essential to do thorough research and work with reputable real estate agents before making investment decisions.