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January 11, 2021
Taksim area in Istanbul ...Heart of the city

Every big city in the world has a neighborhood that it is famous for, its mediator is spread in the world and its name is associated with the name of this city so that hardly a visitor visit a city without passing through this neighborhood or street, for example we find "Broadway Avenue" in New York, and "The Champs-Elysées: in Paris," Istanbul, with its famous "Taksim Square and Istiklal Avenue", is the icon.

Reason of Taksim name:

The word Taksim is an Arabic origin according to what was mentioned by the Turkish Language Association, and its meaning is clear to everyone who speaks Arabic and it means (division into sections). This name originally came from the purpose for which it was established, as it was the point where the main water lines converged, coming from North of Istanbul, and branching out into other parts of the city. Taksim area was created for this purpose during the reign of Sultan Mahmud I in the years 1732-1733 AD, where the famous square took its name from the stone water reservoir (divided), which still exists to this day at Entrance to the famous Istiklal street .

Location:

Although Taksim area is large in its fame, but it is small geographically, Taksim is a small neighborhood of a small locality called “Gümüş suyu” meaning silver water, which is administratively affiliated to the famous municipality of BEYOĞLU, which has a total area of only 9 square kilometers, and it is the smallest area among Istanbul's 39 municipalities . BEYOĞLU is located in the heart of Istanbul on the European side of the city, to the north of the Golden Horn Bay, and to the west of the Bosphorus.

Link of Taksim square in google maps : http://tiny.cc/7tw7tz

Taksim can be reached from anywhere in Istanbul, the famous metro station of M4 line is located right at the square, as well as the funicular station that connects Taksim down to Kabatas and the Bosphorus coast, the airport bus station Havaist, in addition to many different ways of transportation that reach Taksim from various parts of Istanbul.

Distinguished Landmarks:

Certainly, one article to talk about archaeological or contemporary monuments will not suffice to Taksim, as history is crowded in this place , and you will find the most beautiful ancient buildings decorated with exquisite inscriptions, embracing the most luxurious shops of the largest modern international brands.
Among the most prominent features that distinguish Taksim area, we mention:
♦ The famous monument of the republic, which is located in the middle of the square and is seen from its four corners, as it was inaugurated in 1928 to celebrate the fifth anniversary of the founding of the Turkish Republic in 1923, and it was designed by Italian sculptor Pietro Canonica.
♦  Ataturk Cultural Center: With its famous building, which is not hidden from view, overlooking the square, the center includes an opera house, and it has been an icon of the modern Turkish architecture system since the 1960s.
♦ Istiklal Avenue: the undisputed most famous street in Istanbul, through which the archaeological Tramvay line, which was established in 1913, to connect to Taksim Square, with Galata Tower at the end of Istiklal Avenue, passes through it. .
♦ Unique archaeological buildings: including what was previously called "the artillery barracks", which later turned into the first football stadium in Istanbul in 1921, and the Galatasaray High School building with its magnificent gate at the entrance to Independence Avenue, as well as churches on the sides of Istiklal Avenue, such as the Aya Triad Church and St. Anthony's Church ... and many many beautiful ancient buildings that this article narrows from mentioning.

Historical and spatial value:

Taksim Square and Independence Avenue witnessed the most important events that Turkey has gone through in contemporary history, and with a simple internet search, the reader will hardly find an important event in the history of the Turkish Republic unless his name is associated with this region.
Protests, demonstrations, festivals, celebrations ... every cultural, political and social activity this region had a share in, the last of which was the coup attempt on July 15, 2016, when Turkish citizens held a sit-in in the square until the morning hours.
On the other hand, you will find entertainment in all its forms, this part of Istanbul never sleeps, restaurants and cafes, hotels and tourism offices, shops and street vendors, and most importantly, foreign visitors who do not stop visiting Taksim throughout the year.

Real estate investment value in Taksim:

It is not a secret to the reader that we have chosen the name of our company since its opening, due to the most famous place in Istanbul "Taksim", this name that summarizes Istanbul in all its diversity, and as we seek always to provide our customers with the most correct investment advice, we will provide the following advice:
Taksim is not always considered as an ideal place to live, as it is constantly crowded with visitors, but it is on the opposite side of the best areas of Istanbul with its return on investment.
This has pushed many real estate companies to buy old buildings and renovate them using the latest contemporary architectural methods, and convert them into luxurious hotels or high-end residential complexes in Taksim. Therefore, buying a property in Taksim is one of the successful investments that yield high returns, whether through subsequent resale or through leasing, since the region is the most important tourist area in Istanbul throughout the year.

Properties in Taksim area may be high in price compared to real estate for sale in Istanbul in other regions, but this increase in prices is justified, as the investment return for the region is the highest in Istanbul.
Here is our link for apartments for sale in Taksim : 

Apartments For Sale in Taksim Istanbul

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August 28, 2020
10 points you have to read well before singing a property sales contract in Turkey

The sales contract is an agreement to buy a specific property for an agreed amount of money in return for ownership of the property, usually sales contract has 2 parties the buyer and the seller (which is usually the construction company )
Singing the sales contract of the property you want to buy in Turkey is the starting point of owning it , it’s not the final step like the title deed but the contract is very important to avoid any possible future risks
We in Taksim real estate advice all customers to have a draft copy of the contract before signing it, in order to read it well , translate it to their language in case the contract is in Turkish language .

And here are 10 points you should read well before signing your contract :

1 - Title deed cost: 

Title deed is the real proof of owning a property in Turkey, construction companies in Turkey usually transfer the ownership of property after finishing all payments by customer.
Title deed cost in turkey is usually 4 %.
Usually the cost is divided equally between two parties 2 % from buyer, 2 % from seller.
But sometimes construction companies put the whole cost to be paid by customer. So, the customer should be careful about this point and ask about it in case it was not mentioned clearly

2 - Number and area of property: 

In Turkey, they usually number all the apartments, shops of a compound even if its still under construction. So, the number of property should be written in the contract
Also, the square meters of the property (apartment, shop …etc) should be written in the contract for both gross and net area.
Even the floor plan of property should be attached with the contract and signed by both parties.

3 - Floor and block:

In case you are buying an apartment, floor of apartment and block number should be written clearly in the sales contract , Even if you are buying a shop, the block number where the shop is located should be written as well

4 - Direction: 

Direction of the apartment is important to be written in sales contract to avoid any mistakes or scam connected to the numbering of apartments specially if you are buying an under construction property.

5 - Date of delivery: 

In case the property is under construction, so the Date of delivery should be written in a clear way in the contract , If the property is ready to be delivered, so no need to be mentioned.

6 - Payment methods and installments : 

The price agreed between two parties should be written in the contract along with the date and amount of all payments (deposit, down payment, installments) as agreed.

7 - Terms of cancellations:

All contracts should have a subject about what will happen in case the customer (buyer) wants to cancel the deal.
Usually in Turkey, in case the customer wants to cancel the deal after signing the contract and paying an amount of the money or total amount, they subtract 3 % from the total amount and refund the rest to him.
But this is changeable from company to another, so you should read the point well.

8 - Penalties for both parties: 

♦ Penalty for the delay of buyer: In Turkey, they usually add an interest on buyers when they delay their payments. So, this point should be added clearly in the contract and buyer should be aware of this point and the interest rate which the company may apply it when payments are delayed.

♦ Penalty for the delay of developer (construction company): The sales contract must contain a penalty clause on the construction company if it delays in delivering the property on the specified deadline agreed in the contract.
The penalty which should be paid by developers usually is the market value of monthly rent for property for each month’s delay.

Note:  the law in Turkey give all construction companies a right to delay for only 6 months after the date agreed in the contract. So, any penalty on developers should be calculated after these 6 months.

9 - Bank account of the owner:

The bank account of the construction company must be clearly mentioned in the contract and be signed by both parties.

10 - Specification of the property: 

All the specifications of the property and how it will be delivered should be written clearly in the contract as kitchen specification, floor of apartment, windows brands …etc.
In Turkey, if you are buying an under construction apartment for example, they usually show you the sample apartment and all the Specification you see (except for furniture which is only for show) in sample apartment should be the same when you receive your apartment

We as Taksim real estate consultancy read the contract well on behalf of our customer (in case our customers  want that) to make sure that everything is alright and all points are mentioned and true.

Note: these points for those who are buying from developers (construction companies), in case you are buying a second hand apartment directly from its owner for example. the procedures are different

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July 15, 2020
Do I need to have a residence permit to buy a property in Turkey ?

No, you do not

The only requirement document you need to make the deal with construction company is your passport.
After buying the property in Turkey you will get automatic residence permit for a year instead of 3 months which was issued in your visa, even renewing it in the future will be easier since you are a property owner.
Buying a property in turkey may allow you to get the Turkish citizenship as well if you fulfil the requirements.


 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

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July 15, 2020
Can I get Turkish citizenship If I buy a property in Turkey ?

Up to the new law which was released in 19/09/2018, if you buy a property in Turkey or many properties which their values are 250.000 $ or more and keep them for 3 years, you can apply for Turkish citizenship.

So, the answer is yes, if your property is bought after the new law date and equal to the amount of 250.000 $ or more.

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more
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July 14, 2020
Can I get a residence permit in Turkey If I buy a property ?

Applying for residence permit in turkey does not need to buy a property in Turkey, in other words, all people can apply for residence permit even if they live in a rented apartment
So, all people can apply and get residence permit in Turkey whether they own a property or not
But it is easier for owners of properties to get residence permit and easier when they renew it in the future.
 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more
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July 14, 2020
Can foreigners buy a property in Turkey ?

Before 2012, Turkey has a strict for a lot of nationalities to buy properties in Turkey.
However, in May 2012, new law was released to allow people from 129 countries to buy all kind of  properties in Turkey ( lands , shops , apartments , offices , villas  …etc )

So nowadays, all nationalities can buy properties in turkey including Americans, Canadians, Europeans, middle eastern, … etc.
Except the people who are from the following countries :  Syria, Armenia, North Korea, Cuba.

If you are not sure whether you are allowed to buy a property in Turkey or not, please do not hesitate to contact us. we will be happy to answer all your questions

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more
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April 07, 2020
How to buy a property in Turkey in 10 steps

Whether you are looking to buy an apartment, villa, shop or an office in Turkey, all these kinds of properties have the same 10 steps.
Generally, buying a property in turkey will be very simple and clear for you with the following 10 steps:

Step 1. Research about a real estate company

Start the first step by searching and reviewing the website / YouTube / Facebook …. etc. for real estate companies in Turkey in order to choose one of them to contact and to review their properties later in the field.

Step 2. Getting a visa

Getting a visa to Turkey is very easy for a lot of countries , you can get it online for some countries and some other countries are exempted from visa for 90 days , and there are countries that need to visit the Turkish embassy in their countries You can check your country status from the following link :
https://www.evisa.gov.tr/en/apply/

Step 3. Travel to Turkey

Its very important to know more about the country before buying a property, so it’s very necessary to visit and check the areas and streets, in order to love an area which you may buy a property in later.
There are some customers who prefer to buy a property without coming, we in TAKSIM REAL ESTATE don’t recommend our customer to do so, it’s very important to see the property and area before buying.

Step 4. A tour to field

After coming to turkey and choosing the agency which will show you properties , here you start to see properties on the field , we in TAKSIM REAL ESTATE usually offer our customers a free tour to explore and show the properties in order to get a great image about the market and properties before any decisions

Step 5. Choosing the location and a property

This is the most important step of all , we in TAKSIM REAL ESTATE highly recommend our customers to concentrate about location , location and location.
Usually choosing a good location will make it easier for you later to rent it if you prefer, and it will be even more profitable as an investment property in the long run if you would like to resell it.

Tips for choosing a location when you want to buy an apartment :

• Determine your main purpose of  the property .. is it for living or investment ?! Determining the goal of buying a property will play an important role in choosing the most appropriate location

• Should be Close to main streets 

• Should be close to public transportation like metrobus or a metro station 

• Should be close to universities

• Should be close to shopping malls

Tips for choosing an apartment :

• Direction is very important ( in Istanbul for example : north is cold in winter, south is hot in summer )

• If you prefer landscapes view so we recommend you to choose low floors 

• Should be sunny

• Should have at least 2 bathrooms

Step 6. Negotiating and paying deposit

After choosing a property you like, here it comes the negotiating step in order to get best discount for the payment method you selected, we in TAKSIM REAL ESTATE usually get the best prices for our customers.
Paying a deposit is very important after both sides agree about a price even if you don’t want to continue the procedures directly because it stops the developers from showing this property to other customers and to fix the price.
Note: all developers in Turkey give you a 15 days period for your deposit to be refundable in case you changed your mind, or you find another proper property or what ever reason its.

Step 7. Hire a lawyer

After completing the negotiation process and paying the deposit, it is preferable to obtain an draft copy of the sales contract and present it to a legal advisor
This step is to make sure that all the procedures are legal with no scam or any kind of fraud.

Usually the lawyer should do the following:

• Check the contract and read it well

• Check the developer status in the market , financial situation and the actual ownership of the property

• Check the status of the title deed and the absence of any mortgages or seizures on the property

we usually don’t offer our customers any properties from low reputation developing companies or Financially unstable , but making a double check by customer is better

Step 8. Signing the contract

After making sure that every thing is legal by your lawyer , here you can sign the agreement between you and the seller (developer) which contains all the required info about the property , space , price , date of delivery , payment method and day of payments … etc.

Step 9. Completing the rest of the payment as agreed

In this step, developers usually give customers a period time to go back to their countries and transfer the rest of money, usually up to 30 days

Step 10. Receiving the title deed

After paying the whole amount of the price , here you can get the title deed which is the proof of owning this property in turkey , and usually this step cost about 4 % of the property value , usually its paid equally between seller and buyer.
 

Here we finish the 10 steps, in case you have any further questions about procedures of buying a property in turkey You may contact us .

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July 30, 2019
Istanbul Airport .. Part of the "Century Project" Turkey dream for 2023

On October 29, 2018, Turkish President Recep Tayyip Erdoğan opened the new Istanbul airport, which named for the city (Istanbul airport). The airport work began partially (40% of the final plan) beginning in April 2019, coinciding with the suspension of Ataturk Airport. Istanbul airport will be fully operational by 2025, which is expected to be the largest airport in the world.

♦ The airport is part of several economic projects in Turkey called the "Century Project", which will contribute to bringing Turkey to the list of the 10 most powerful economies in the world, in order to achieve the most important goals of the 2023 plan.
♦ The new airport planned to be built because the two airport of Istanbul: "Atatürk" in the european side (37 million passengers annually), and "Sabiha Gökçen" in the anatolian side (13 million passengers annually) are no longer able to accommodate the volume of passengers through Istanbul.
♦ The total area of the airport is estimated at 76.5 million square meters and will be built in three stages.
♦ With the opening of the first phase, the capacity of Istanbul airport will reach 90 million passengers annually, which in 2025 will reach about 200 million passengers annually. With the completion of the three phases, the airport is expected to accommodate 3500 flights a day from around 350 destinations around the world, with 150 airlines operating. This large number of aircraft has allocated 6.5 million square meters to accommodate 500 aircraft at the same time.
♦ Air traffic control at the airport is monitored through 3 electronic control towers and 8 ground control towers.
♦ In its first phase, the airport will include two separate runways, which will be raised to 6 runways by 2025.
♦ The airport currently has 88 bridges for the passage of passengers, will reach 165 bridges at the completion of the third phase by 2025.
♦ The airport has four separate passenger halls, linked by railways and internal trains:

-  A main terminal hall with a total passenger capacity of 90 million passengers, with an area of 680,000 square meters

-  The second hall with an area of 170,000 square meters

-  A passenger lounge with a capacity of 30 million passengers, overlooking the sea and built on an area of 500,000 square meters (by the end of the third phase)

-  A passenger lounge with a capacity of 30 million passengers, built on an area of 340,000 square meters (by the end of the third phase).

♦ The area of free zone and shops within the airport is 100,000 square meters.
♦ With the opening of the first phase, the airport will provide 100,000 jobs and will increase to 223,000 jobs by full operation.
♦ The Turkish government estimates the total cost of Istanbul airport at 23.4 billion euros, of which 10.3 billion euros are construction costs without operating.
♦ According to Turkish officials, the new airport will contribute about 73 billion Turkish liras annually in the Turkish economy by 2025, equivalent to 4.9% of the Turkish GDP.
♦ By the end of the third phase by 2025, the airport will have several service facilities:

- VIP lounges

- Shipping and general aviation stations

- Presidential Palace

- Indoor and outdoor parking with a capacity of about 70,000 cars

- Medical Center

- Rescue aircraft and fire fighting stations

- Hotels

- Conference Centers

- Power plants

- Water treatment and waste facilities

♦ For full information about the airport, available services and flight schedules, please visit the official website of Istanbul Airport through the following link: Istanbul Airport

Location :
Istanbul Airport is located in the european side of the city in the Arnavutköy district, and is 34 km from the center of Istanbul.
The choice of a far location was one of the reasons for the suspension of the Atatürk airport, with the expandeing of Istanbul, Atatürk airport has been within the city after it was out of it when it established in 1953.
Istanbul Airport location on the map: here

How do I get to Istanbul Airport?
♦ Currently the fastest and least expensive way is the "Havaist" Airport bus. The new airport bus network has 48 points spread over all areas of Istanbul. You can know the timetable of departure from and to the airport and the cost of delivery through the following link: Havaist

M11 metro line:
It is the metro line that will connect Istanbul Airport with the Istanbul Metro network. This line will extend from "Şişli" district to Istanbul Airport and continue to the "Halkalı" district. The metro line will be operational from the beginning of 2020.
It is worth mentioning that "Halkalı" marmaray station is the starting point of the Marmaray line, which reaches "Gebze" district in the Anatolian side of Istanbul.
The following link to the metro lines that are still under construction, including the line M11: Metro.Istanbul

Sources:
Istairport.com
Aljazeera.net
wikipedia

 

 

Read Also : 

• 10 points you have to read well before singing a property sales contract in Turkey

• Can foreigners buy a property in Turkey ?

• How to buy a property in Turkey in 10 steps ? 

• Turkish citizenship by buying a property .. conditions and documents required 

• Property taxes in Turkey

Read more

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