Flat in Izmir. City - Izmir
ID IZ A149
City: Izmir, district: Halkapinar/Konak
Delivery: July 2024
INVESTMENT PROPERTY
Luxury residential and commercial skyscraper for pre-sale
New special business project. The project includes apartments 1+1, 2+1, 3+1, 3+1 duplex, and 4+1. The project will be located in the districts of Halkapinar and Konak in Izmir.
There will be 68 residences in the project, with a total capacity of 361 residences. The project will also have 14 shops and 99 offices. The project, expected to cost 175 million Turkish lira, will also include parking, green areas, and social facilities. The project, with a land area of 8,061 square meters, is designed as a single block. To the north of the project is a side road of Muratpasha Boulevard, to the south of which runs a metro line.
Project details:
1+1, 2+1, 3+1
1, 2 bathrooms
Parking
Apartments, residential complex, commercial
Advantages:
Site Features:
Property Features:
Walls painted with waterproof-satin paint
Windows made of high-quality PVC double-glazed windows
Ceiling finished with plasterboard
High-quality steel front door
Moisture, heat, and sound insulation
Floors made of high-quality ceramic and laminate-parquet
Kitchen with built-in appliances (stove, oven, extractor)
Central satellite TV system
High-quality plumbing fixtures in bathrooms
Open kitchen
Separate kitchen
Painted ceiling
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 (283 000 $) 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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