Penthouse in Sultangazi

Penthouses in Sultangazi typically range from about 2,000,000 to 8,000,000 TRY (≈$90,000–$360,000) depending on size (80–220 sqm), finish, and view. Price per sqm commonly sits between 15,000–40,000 TRY (≈$700–$1,800/sqm). Luxury or new-project penthouses sit at the top end; older buildings at the bottom.

Yes—Turkey offers citizenship-by-investment via real estate when the declared property value meets the national minimum (currently $400,000) and legal conditions are met. The property must remain unsold for a set holding period (commonly three years) and you must complete required notarized procedures and national applications.

Gross rental yields for Sultangazi penthouses typically run around 3%–6% depending on location and quality. Centralized or newly built penthouses command higher rents; expect longer vacancy times for niche luxury units. Net yield will be lower after taxes, maintenance and management fees.

Yes—foreign buyers can obtain mortgages from Turkish banks. Typical down payments range 20%–40% of the purchase price for foreigners; approval time is usually 2–6 weeks. Interest rates vary by bank and term; banks will ask for ID, Turkish tax number, income documentation and a national appraisal.

Main transaction costs: title deed transfer tax ~4% of the declared sale price, notary and registration fees, and mandatory earthquake insurance (DASK). Expect additional small fees for utilities transfer and agent/legal costs. Total closing costs commonly run 4%–6% of purchase price; exact amounts depend on declared value and services used.

Sultangazi is in the Marmara region, so check seismic compliance. Request the building’s structural inspection (risk report), construction year and whether it’s in a kentsel dönüşüm (urban transformation) zone. If flagged as ‘risky’, demolition/rebuild timelines can take months to years and affect ownership rights and value.

Once contracts and proofs are ready, tapu transfer typically takes 1–4 weeks. You need a Turkish tax number, ID/passport, seller consent, the sales declaration and payment of the 4% transfer tax. Complex cases (mortgage, inheritance, missing documents) can extend the timeline.

Monthly condominium fees vary by building standard: expect roughly 1,000–4,000 TRY/month for communal services in mid-range to high-end developments. Add utilities, heating, internet and DASK insurance—annual property tax is modest. Luxury amenities or large shared staff will raise costs accordingly.

Sultangazi offers affordable family housing, schools and growing shopping options. Transport links include metrobus/bus corridors and highway access; commute to central Istanbul typically 30–70 minutes depending on traffic and exact location. Check proximity to schools and public transport when selecting a penthouse.

Interior renovations usually need homeowner-board approval and municipal permits for structural changes. Converting to a legal penthouse (structural/extension) requires engineering projects and municipality permits; expect 1–3 months for approvals if paperwork is complete. Structural works add longer construction timelines.