What Do You Know About YeniŞehir?
Today, YeniŞehir is considered one of the most promising areas in Istanbul for economic growth and urban development. Thanks to its strategic location and proximity to major infrastructure projects, such as the Istanbul Canal and Istanbul Airport, YeniŞehir has become a leading investment destination.
If you are looking for unique investment opportunities, YeniŞehir offers a mix of residential, commercial, and logistics projects, making it an ideal area for growth and prosperity.
The Comprehensive Guide to What You Need to Know About YeniŞehir
YeniŞehir is strategically located between the Başakşehir and Bahçeşehir districts in Istanbul and is considered one of the most significant developmental projects in Turkey in recent years. This vibrant area lies at both ends of the new Istanbul Canal, an artificial waterway aimed at relieving pressure on the Bosphorus Strait and attracting new investments in various fields.
1. Prime Location and Strategic Proximity
YeniŞehir is characterized by its closeness to the new Istanbul Airport, which is one of the largest airports in the world and serves as a main gateway for tourism and international trade. This ideal location makes the area a vital hub that is easily accessible, enhancing its economic value and making it a preferred destination for both local and international investors.
2. Modern Residential and Infrastructure Projects
The future of YeniŞehir is witnessing rapid development in infrastructure and residential projects. The real estate developments in the area range from luxury residential apartments to villas designed according to the latest standards. These projects offer a high quality of life by providing all essential and recreational facilities, such as public parks, shopping centers, and educational and medical institutions. Additionally, new infrastructure projects are improving public transport and connecting the area to other parts of Istanbul.
3. Marina and Logistics Services
One of the most notable features being developed in YeniŞehir is the tourist yacht marina, which represents a significant attraction for tourists and investors interested in the marine tourism sector. The area also provides designated zones for logistics services, making it easier for companies to benefit from its strategic location near the new waterway. These facilities position YeniŞehir in Istanbul as a crucial starting point for commercial and logistical operations at both local and international levels.
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Investment Opportunities in Yeni Şehir, Istanbul
The Yeni Şehir project in Istanbul is one of the most prominent developmental projects offering numerous opportunities for those interested in property ownership and investment in Turkey. This area is distinguished by its strategic location and modern infrastructure, making it a preferred destination for both local and international investors. Purchasing land in YeniŞehir is one of the best investment options available, providing various choices that meet investors’ needs and yield lucrative returns.
Building Residential and Commercial Projects
One significant opportunity presented by the lands in YeniŞehir is the potential to develop residential or commercial projects on purchased land. Investors can benefit from selling or renting out properties, whether for residential or commercial use. Given the increasing demand for real estate in the area, these projects ensure continuous and strong returns on investment. Additionally, the rapid urban growth in YeniŞehir enhances the value of these projects and boosts profitability in the long term.
Reselling Land
In addition to the option of building and developing, investors in YeniŞehir can choose to resell land after a short period to achieve substantial profits. The growing demand for land in the area creates an opportunity for rapid market value increases, allowing investors to realize good profit margins in a short time. This option is considered an effective investment method, especially for those looking to generate profits without engaging in large development projects.
Partnerships with Construction Companies
Another option available to investors in YeniŞehir is to partner with construction companies that are involved in building and developing real estate projects in the area. Investors who own land can form partnerships with these companies and agree on profit-sharing ratios from the projects, providing them with a steady income without bearing the development costs themselves. This partnership is a convenient choice for investors seeking long-term investment without direct involvement in construction operations.
How Foreigners Can Own Property in YeniŞehir| Istanbul
YeniŞehir is one of the promising areas for real estate investment in Turkey, attracting increasing interest from foreign investors due to its strategic location and significant developmental projects. Turkey allows foreigners to own property in many areas, including YeniŞehir, under specific conditions and procedures that facilitate ownership and ensure investors’ rights.
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Foreign Ownership Conditions in Turkey
Turkey allows foreigners to own property since the law was amended in 2012, provided the property is not in a military zone or prohibited security areas. Therefore, foreigners can purchase properties in YeniŞehir, subject to compliance with local laws, which include:
- Property Registration: Foreign buyers must register the property with the Land Registry Office to obtain an official title deed.
- Maximum Ownership: Foreigners are entitled to own properties with a total area not exceeding 30 hectares throughout Turkey, with some exceptions in specific areas.
- Ministry of Defense Approval: In some cases, especially if properties are near military areas, approval from the Ministry of Defense may be required.
Steps for Foreign Ownership in YeniŞehir
Search for the Right Property: The first step for foreign investors is to search for suitable properties, whether land, apartments, or commercial projects. YeniŞehir offers a wide range of options, including residential lands and developed commercial and residential projects.
- Obtain a Tax Number: Foreigners must obtain a Turkish tax number, a simple procedure that can be done at any local tax office.
- Open a Bank Account: It is advisable to open a bank account in Turkey to facilitate financial transactions related to the property purchase, an important requirement to prove the ability to pay for the property.
- Verify the Legal Status of the Property: It is recommended to work with a specialized real estate lawyer to ensure the property is free from legal issues or debts.
- Sales Contract: After verifying all documents, a sales contract is signed between the parties. A deposit can be paid before the final signing of the contract.
- Title Deed Procedures: After signing the contract, the title deed is transferred to the foreign buyer at the Land Registry Office, and the remaining official procedures are completed.
Land for Sale in YeniŞehir
Sedad Real Estate Company Offers Clients a Residential Plot for Sale in YeniŞehir
Sedad Real Estate Company presents a 2,500 square meter residential land for sale in the Kargak-Arnavutköy area of Yeni Şehir. The land has a residential construction permit (for villas) allowing for ground + 2 floors with a building ratio of 10%.
Types of Investment Lands in Turkey
If you are looking to buy land in Turkey, it’s important to know that lands are divided into:
- Buildable and Constructible Lands (residential or construction lands).
- Agricultural Lands for Sale (lands designated for agriculture, not construction).
For more information about the land for sale in YeniŞehir, click here.
In conclusion, this article covers everything you need to know about YeniŞehir and how to start investing there. Whether you are Turkish, Arab, or foreign, you can seize the opportunities and start your project in YeniŞehir with Sedad Real Estate Company.
