The Başakşehir district in Istanbul is one of the most attractive areas for Qatari investors, particularly due to its modern infrastructure and strategic location. If you’re looking for apartments for sale in Istanbul Başakşehir, this area offers a perfect option for both living and investment. It is close to large-scale projects and features vast green spaces. The area is equipped with all essential services such as healthcare, education, and vital facilities, making it a comfortable place to live while also offering substantial investment returns. It is an ideal opportunity for Qatari nationals who enjoy owning luxurious properties, as it meets both their needs and aspirations
Property Prices in Başakşehir for Qataris
Turkey and Qatar have a trade relationship valued at billions of dollars, with Qataris often preferring to live in luxurious Turkish homes due to the comfort and luxury they offer. Turkish real estate is also an ideal place for Qataris to invest their money, with Başakşehir standing out as a prominent area for safe investment.
Real estate prices in Başakşehir are rising significantly due to its proximity to major projects in Istanbul, such as the Third Istanbul Airport, the Third Istanbul Bridge, and the Bio Istanbul project, which will be the largest medical city in Europe, featuring cultural centers, conference halls, specialized medical units, and research facilities.
These factors have made Başakşehir one of the most attractive areas for investors and residents from the middle and upper classes of Qatari nationals. It is expected that property prices in Başakşehir will continue to rise, especially after the completion of these projects, making it a great time to invest in this vital area before prices increase, ensuring large profits.
Why Do Qataris Invest in Turkey?
The number of investors in Turkey is increasing annually, driven by various encouraging factors. Key motivations include:
- Turkey’s strategic location between Europe and Asia, close to the Arab world, and its ease of access to and from Qatar.
- Turkey’s captivating natural beauty and moderate climate, which is missing in the Gulf countries.
- Turkish properties offer European-standard quality at lower prices.
- The Turkish government offers numerous incentives to investors, including tax reductions.
- The thriving Turkish real estate market offers potential for quick returns and profits.
- Investors can obtain residency, Turkish citizenship, and a Turkish passport through property ownership.
- A wide variety of property types and designs to cater to all preferences.
- Strong bilateral relations between Qatar and Turkey, fostering closer ties between their peoples.
- Availability of properties in prime locations near major projects and famous tourist attractions.
- Government guarantees on many projects, and a property evaluation certificate ensuring accurate property value estimation.
Benefits of Real Estate Investment in Turkey for Qataris
As a Qatari investor, you can earn substantial returns on your investment in Turkey due to the millions of tourists visiting the country every year, which drives property prices up. You can benefit from these returns by renting out your property for a significant period or selling it at multiple times its original price. With stable political conditions in Turkey, you can hold your property long-term with confidence that your capital will be preserved. This is one of the key advantages of buying property in Turkey for Qatari nationals.
Conditions for Qatari Nationals to Own Property in Turkey
Qatari nationals can invest in Turkey with no specific restrictions, except for ensuring that the property size does not exceed 30 hectares and that it does not occupy more than 10% of the area of the administrative region it belongs to.
Required Documents for Qatari Nationals to Own Property in Turkey
Before proceeding with property ownership in Turkey, Qatari nationals need to have the following documents:
- A valid passport with a validity of at least six months, notarized and translated into Turkish.
- Clear photos of both the buyer and the seller.
- Earthquake insurance for the property.
- A property evaluation report accurately estimating the property’s value.
- Your tax identification number.
- Proof of property tax payment and fees for title deed registration.
- Bank receipts confirming the transfer of the property value from your Turkish bank account to the seller.
Types of Properties Preferred by Qataris for Investment in Turkey
Qataris often prefer investing in villas and luxury palaces due to their historical value, as many of these properties are from older time periods and hold significant historical importance. These palaces also feature attractive designs and luxurious interior fittings, located in areas with developed infrastructure. They offer privacy and ample living space, equipped with all the comforts and luxuries. The purchase of palaces, particularly those overlooking the Bosphorus, has been growing, indicating a high demand for this type of property.
Steps for Qatari Nationals to Buy Property in Başakşehir
To buy property in Başakşehir, Qatari nationals must follow a simple process with assistance from TurcKey Real Estate Investment. These steps include:
- Contacting the company to explore available properties in Başakşehir and reviewing all the details before selecting a property that fits your needs.
- Traveling to Turkey to sign the purchase contract or appointing a representative.
- Obtaining a tax number for handling official transactions in Turkey.
- Opening a Turkish bank account to transfer the property payment from your account to the seller’s account.
- Translating and notarizing your passport in Turkish.
- Visiting the real estate office or title deed office to complete the sale and obtain the property deed and keys.
Key Tips for Qataris When Buying Property in Turkey
Whether you’re a new or experienced investor in the Turkish real estate market, caution is always needed to avoid potential financial loss. Here are some practical tips to help you make the right investment decisions:
- Work with a specialized real estate company to save time and access suitable property offers.
- Check property prices in general and stay updated to avoid fraudulent companies with inflated prices.
- Ensure that the property you’re purchasing is free of any liens or encumbrances.
- Get an official property evaluation certificate from an accredited Turkish institution.
- Choose a well-located property with advanced infrastructure, such as in Başakşehir, to secure reliable investment returns.
- Look for properties near major projects, a key feature of Başakşehir.
Why Choose TurcKey Real Estate Investment in Turkey? TurcKey has a strong reputation in the Turkish real estate investment sector, with a team of highly experienced experts. We are accredited by the Turkish government and offer various advantages, including:
- Helping you find the property that suits your preferences and needs in Turkey’s best locations.
- Offering exclusive property deals through strong relationships with leading construction companies.
- Providing transparent and honest assessments of each property’s advantages and disadvantages.
- Saving you time and effort by quickly understanding your needs and offering exactly what you want.
- Supporting you through every step of the process, from choosing a property to completing the purchase.
- Taking care of all legal procedures to ensure your property is legally sound and free of issues.
- Assisting you with renting or reselling your property if needed.
- Helping with the process of obtaining Turkish citizenship and passport.
- Offering consultation at any time, providing the latest information on real estate investment in Turkey.
FAQs
- Can Qatari nationals invest in Turkey? Yes, since 2012, Qatari nationals have been able to invest in Turkey without restrictions.
- What types of properties can Qatari nationals purchase in Turkey? Qatari nationals can buy any type of property in Turkey, including palaces, villas, apartments, hotels, warehouses, stores, land, farms, or any other available properties for sale.
- What are the conditions for Qatari nationals to obtain Turkish citizenship? To obtain Turkish citizenship, you must purchase property or properties worth at least $400,000, and you must not sell them within three years.
- What are the conditions for Qatari nationals to obtain Turkish residency? Qatari nationals can obtain residency in Turkey if the property value is at least $75,000 in major cities or $50,000 in smaller cities, with the primary purpose of the property being for residence.
- Is real estate investment in Turkey a good investment? Yes, because property prices in Turkey increase by 10-25% annually, and Turkey is a popular destination for both tourists and investors, offering the benefits of European countries at lower costs.
