Prestige Istanbul Real Estate is a leading Turkish company with an innovative structure specializing in the fields of consulting, investment, development and real estate marketing.
Istanbul Real Estate company was established in 2013.
Prestige Istanbul main office is located in
the heart of Istanbul city in Sisli square.
Other than our extensive
property database, we will also provide you access to every available property
in turkey through our various multiple property portals partners.
The vibrant real estate market changes daily. Prestige
Istanbul We will update you on the latest market trends, reports and new
available properties as they become available so that you can make the best
decision for your investment or future home.
We accompany you through every step of the process. We will assist and advise
you from defining your searches and options to deciding on the perfect
property. We will negotiate the best price until the final closing.
Prestige Istanbul Real Estate is more than a real
estate broker. We offer a complete solution to real estate property
acquisition. Our professional staff will extend their expertise to evaluate
your ideal property, guide you through resettlement needs or clear up the legal
and administrative aspects of purchasing property in Turkey, or things related
to renting or leasing your property.
We have experts in every field to guide you from
beginning to the end of your real estate journey with us.
Istanbul Real Estate offers many real estate services to meet all the needs of
its customers from all over the world. These services include:
The Urban Transformation Law was enacted in Turkey in order to develop all old buildings that are not resistant and prone to earthquakes to new earthquakes and natural disaster resistant buildings considering the maintenance of public services, improved living conditions and the surrounding environment.
The Turkish government aims to develop approximately 15 million property under the law of urban transformation with a budget of more than $ 400 billion.
The Turkish government encourages
investors and real estate developing companies to complete this huge project by
providing many facilities from taxes exemption.
law aims to develop the properties with the agreement owners and to be done in a
specified period of time and with the same old area, while allowing a larger
construction area for the developing company in order to cover the costs of the
project and achieve a distinct profit margin.
foreign nationals have the right to own in Turkish territory.
Turkish Parliament passed a law granting the right of real estate ownership to
all citizens around the world on the Turkish territories, nullifying the
reciprocity principle except the passport holders of: Armenia, Cuba, North
No. 35 of Land Registrations Law No. 2644, amended by Law No. 6302, which was
implemented on 18/5/2012, is the legal basis which allows foreigners to own and
invest in real estate in Turkey.
Yes, the Syrian
has the right to own property in Turkey under one condition, which is to own a
company registered on his name in Turkey.
Foreigners are entitled to own all
types of real estate in Turkey "residential - commercial - land - farms -
factories - schools, etc.
Yeah. foreign companies can own real estate in Turkey.
property purchase can be completed within a maximum of two days.
Yes, according to
the Turkish law on the foreigner’s ownership, more than one person with no
family relationship has the right to own the same property and the ownership
deed of the property is registered with all the partners' names.
This term refers to
the landlord's rights inherit, trade or lease the property whenever wanted.
When buying a property in Turkey,
this includes land ownership and the property and it is a lifelong freehold and
it is automatically inherited to the husband or wife or children.
title deed is a legal document which proves that your ownership rights of your
property in Turkey. All official title deeds are registered in the Land Registry
Proceedings may take 6-4 weeks
after the property is purchased.
Yes, by giving an authorized
attorney through the Turkish embassy or consulate in your country, or through
the Notary in case you are in Turkey.
tax number is an official number you get from one of the tax departments.
may be needed for legal and official transactions or to open a bank account in
number can be obtained regardless having a residence permit in turkey and it's obtained
Property and land prices vary in
Turkey to suit all budgets, but generally property prices in Istanbul are
higher than in other Turkish cities.
There are several factors that play
a role in determining prices such as building age, district, property area,
proximity to transportation and other factors.
Property prices vary from region to another and there is no minimum or maximum requirement.
Yes. The tax system is equivalent for all and paid by Turkish and foreign alike without any discrimination.
value of the registration tax and the transfer of ownership of the property is
4% of the property purchasing price. paid only once by the buyer after the
completion of the purchase and paid to the Turkish state.
In case purchasing in an under-construction project, this tax shall be paid after the completion of the project and property is delivered.
Yes, there are limited annual taxes on residential properties equals 0.002% of the property value.
The buyer and the seller pay 3% separately
of the of the property value to the broker.
annual rental tax is 15% of the total annual rent.
profit tax is only paid if the property it re-sold within 5 years of the first
purchasing date and is calculated as 35% of the difference between the present
selling value of the property and its value when it was sold at the first time.
a property is sold after 5 years from purchasing date, a tax exemption is
obtained by law right.
monthly expenses paid to the complex management for cleaning, maintenance and
guarding services and the complex facility usage of swimming pools, gyms,
It is approximately 3 - 4 Turkish lira per square meter of the property gross area.
Yes, there are many local and international insurance companies.
against earthquakes and natural disasters known as "DASK", and it is
mandatory insurance and a legal condition that must be fulfilled.
The insurance is a must the property registration and obtaining the title deed. it is s renewed annually and depends on the value of the property.
related to water, electricity and gas subscriptions, paid only once after
receiving the property.
addition to the monthly expenses related to electricity, gas, water and
Internet bills and is fully dependent on personal use.
Yes, the Turkish law provides the right of a foreigner to obtain a life-time residence permit, bearing in mind that it is renewed annually after proofing that the property is still registered on you name and has not been sold.
Wife and children under the age of 18.
No, you can buy a property in Turkey without the residence permit.
According to the current nationality law in Turkey, foreigners can obtain Turkish citizenship by purchasing a property worth at least $ 250.000, with a pledge not to sell it for three years.
The property owner and all his first-class family members gains the right as well.
Yes, owner can re-sell his property after obtaining Turkish citizenship only after a period of 3-years of the purchasing date.