Flat in Istanbul. City - Istanbul
ID ST BI-310
City: Istanbul, Basin Express District
Completion Date: December 2023
Centrally located in one of Istanbul's most important districts, on Basin Express Street.
High investment returns due to its advantageous location.
Spacious apartments suitable for both residence and investment purposes.
Various services provided within the project.
The complex offers views of Basin Express Street, the city center, and partially the sea.
Features
The project, located near Al-Basin Express, is right at the heart of Istanbul, on Al-Basin Express Street, next to many luxury hotels where entrepreneurs from around the world gather due to the proximity to the international exhibition center.
Administratively, the project is part of the central Kucukcekmece district on the European side of Istanbul. The area is characterized by a lake named after it, with a beautiful shore where tourists come to enjoy stunning views of the sea and the lake simultaneously.
In discussions about Kucukcekmece Lake, it was revealed that it will be part of the "Istanbul Canal" project - the project of the century, which increases the project's value due to its immediate proximity.
An investment and residential project at the same time. The expected investment return from this project is at least 35%. There is currently an opportunity to purchase the project in its current state during the construction phase and sell it with guaranteed profit upon completion.
Basin Express Street connects Ataturk Airport, the future national park, and the new Istanbul Airport. It is home to international brand centers and luxury hotels. Therefore, many investors aim to acquire property in this area due to its investment value.
The project features large apartments, allowing for layouts with separate living and dining areas, which is rare among Istanbul projects in general.
The project includes unique services and features a public and wellness complex, with the following special services and advantages:
Project Data
Project area: 4,584 m²
Green space: 1,752 m²
Number of buildings: 1
Number of commercial units: 7
Number of apartments: 167
Apartment sizes: 81 – 234 m²
Nearby Locations
Characteristics
Services
In Turkey a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Istanbul; 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 Istanbul 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 (190 000 $) 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 Istanbul: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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