Flat in Izmir. City - Izmir
New city in northern Izmir
Menemen, Izmir, Turkey
Located in Menemen, this residential project offers modern living at affordable prices. The project, meeting the housing needs of Izmir, includes 386 apartments and 10 villas ranging in size from 144 to 349 sq. m., offering various room options.
Prime location, developing every day
This project is located in a region that is developing every day, and therefore has high premium potential. Located close to Izmir's business and life centers such as Karşıyaka, Bornova, and Konak, the project offers the opportunity to use the city's most important transportation alternatives.
Distances to these points are as follows:
Panoramic view of Izmir
In this project, you will get a wide and spacious panorama stretching to the bay in front of you. Here, the horizon where green and sky meet is accompanied by a cityscape that glows like fireflies at night.
Various social amenities to make your life easier
The project offers a variety of social activities from health to sports, from relaxation to entertainment, considering all age groups.
Some amenities and services:
You are always a winner
This project provides income for those who want to enjoy the present and invest in the future. Those who prefer to live in the project will have the opportunity to live in Izmir's most optimal project in terms of price and quality.
Investors, on the other hand, will receive quick income from renting apartments they have invested in at an affordable price, and will also receive high premium income potential thanks to government-supported mega-projects emerging every day.
In Turkey a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Izmir; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Turkey finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Turkey takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Izmir short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (170 000 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Izmir: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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