Buy Villas in istanbul

Villa for Sale in Istanbul is a page dedicated to giving you information about the luxury end of buying a property. Buying a villa in Istanbul makes it possible to recoup the funds you invested and is also a way to increase them. Istanbul is one of the largest and most developed cities in Europe; it occupies a total of 5,343 square kilometres with around 15 and a half million people living in the city, and according to statistics, this number 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. Clients who are serious about investing in Istanbul will mainly buy villas as a standalone or in large complexes. When you invest in a property with a value of 450,000 dollars (June 2022), or more, it 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 convenient mortgage loans to foreigners. 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. Interest rates are quite high on mortgage loans, so we do suggest buyers look to their own country to secure funds at a lower rate. 

To obtain a mortgage loan, you need to provide the bank with the necessary set of documentation. Summer Homes agents will assist you in the preparation of paperwork and answer any questions.

Benefits of acquiring villas in Istanbul:

• In Istanbul, the annual property tax is 0.1-0.3% of the cadastral value of a property. (Correct at 2022)  
• The tax on real estate purchase is 4% of the value written in the 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-to 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 from 1 to 10% of its value. Donation is also taxable, but the rate ranges from 10 to 30%. 

Istanbul is a popular tourist destination; therefore, buying a villa in Istanbul with the intention of renting it out can prove to be very profitable.  

What kind of villa for sale in Istanbul can be found?

Luxury villas in Istanbul are most popular among foreign buyers, especially those looking to invest in an elite property in a prestigious area with wealthy neighbours.  

A Villa in Istanbul with a sea view is considered an elite property with an architect-designed exclusive facade and interior design. If you are interested in buying a villa in Istanbul, contact one of our agents, and we will organise a FREE inspection trip. 

There are three types of villas for sale in Istanbul:   

• Villas with a private pool. Large villas with private garden and swimming pool. Suitable for those who value privacy. Some of the larger villas have bespoke features such as hammams and saunas, elevators, and many other luxury features  
• Villas that are part of 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. Sometimes there are open fires or wood-burning stoves.

On the real estate market, you can often find villas for sale in Istanbul equipped with multiple bathrooms with baths or jacuzzies, luxury shower cabins, satellite TV, Internet and telephone, lighting equipment, and household appliances all included. 

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. It is 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 and is considered a sleepy area populated 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 expensive private luxury villas. Buyukcekmece is located in the European part of Istanbul, and this place is considered calm and is highly recommended for its luxury complexes. 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 relatively 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 full of fishing settlements, but now they have been 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 the most religious - Eyüp Sultan Mosque was built here, and there are also ancient graves and tombs.   

The geographical location and developed infrastructure attract people looking to invest in villas 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. Summer Homes provides a complete service for processing sale transactions, and we specialise in buying off-plan from construction sites. 

Villa for sale in Istanbul: price and what it depends on

According to statistics, the trend for purchasing villas in Istanbul is still rising. The cost of square meters annually increases by up to 15%, and there is no forecast of a downward trend in the real estate market. The real estate market in Turkey compares very favourably against its European counterparts. A significant benefit to foreign buyers is that if a villa costs more than $450,000 (from June 2022), there is an opportunity to apply for Turkish Citizenship.  

Pricing criteria for a villa for sale in Istanbul depend on the following factors:  

• The cost of building materials  

• The square metre area of the villa, as well as the number of rooms and their layout  

• Infrastructure development of the residential area  

• Is it a part of a residential complex or single construction  

• The prestige of the district and its remoteness from the central part of the city  

• Windows and balcony's view; proximity to the beach  

• Extra amenities, like Smart Home system, floor heating, alarm, etc.  

• Transport links-close to main highways, Metrobus, ferry ports, etc  

• Access and proximity to the main airports  

• Brand new or a resale property  

Villas for sale in Istanbul 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 priced at 2 million euros and more.  

If you are interested in buying a villa in Istanbul, then check out our extensive portfolio on our website. Please speak to one of our highly knowledgeable sales team and kick start your search for your dream home.  

Summer Homes has been operating as a Real Estate Company for many years, and we have a wealth of experience. We can help with all the processes involved in buying a villa and can provide you with legal assistance in the language of your choice.