408 000 $
Flat with 4 bedrooms in Istanbul, Turkey
Istanbul, Turkey
ID ST BI-066 Istanbul City, Kartal District Completion Date: August 2023 Luxury apartments in Kartal, a high-income investment area on the Anatolian side of Istanbul. It...
Flat in Istanbul. City - Istanbul
ID ST BI-310
City Istanbul, Basin Ekspres District
Delivery Date: December 2023
Centrally located in the most important area of Istanbul, on Basin Ekspres Street.
High investment return due to favorable location.
Spacious apartments suitable for both living and investment purposes.
A variety of services provided within the project.
The complex offers views of Basin Ekspres Street, the city center, and partially of the sea.
Features
A project located near Al-Basin Ekspres, right in the heart of Istanbul, on Al-Basin Ekspres Street, next to many luxurious hotels where entrepreneurs from all over the world gather due to the proximity to the international exhibition center.
From an administrative point of view, the project belongs to the central district of Kucukcekmece 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 the stunning views of the sea and lake simultaneously.
In the context of the discussion about Lake Kucukcekmece, it has become known that it will be part of the "Istanbul Water Canal" project - the project of the century, which enhances the value of the project 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%. It is currently possible to purchase the project in its current state during the construction phase, and after the project is completed, sell it at a guaranteed profit.
Basin Ekspres Street connects Ataturk Airport, the future national park, and the new Istanbul airport. It is home to international brand centers and luxurious hotels. Therefore, many investors are eager to acquire property in this location due to its investment value.
The project offers spacious apartments, so we will see layouts of rooms and living rooms with separate kitchens, which is rare among Istanbul projects in general.
The project includes unique services and features a public and recreational complex, with the following special services and advantages:
Project Details
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
Near the Project
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 (408 000 $) 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).