How can you buy a property in Turkey safely?
Last Updated: 2023-07-27Buying a property in Turkey safely
The Republic of Turkey has become one of the main destinations for buying real estate in the world, and if you are wondering about the reasons that gave it this position, this is due to its economy that is growing with its steady movement, stable political conditions, strong infrastructure, urban expansion, and the continuation of the Turkish citizenship program by purchasing a property for $ 400 thousand.
Although the real estate market in Turkey is known as one of the safest real estate markets in the world, this does not negate that the investor is always looking for the safest way to follow.
In this article, Mersat Real Estate offers you the steps to follow to buy real estate in Turkey, we wish you a useful reading.
The right steps to buy a property in Turkey:
Whenever you want to buy a property in Turkey, you should know that you are in front of many steps that you must adhere to, which are as follows:
First Step: Choosing the right property for your goal and budget:
You may be wondering how you can buy a suitable and safe property in Turkey, as there must be a plan to follow.
1 - You must deal with a distinguished real estate company with a reputation and unique knowledge in the real estate market in Turkey. Do not forget, before choosing a real estate company, to see the services it provides to its clients in order to ensure in return that you get the best suitable offers.
2 - You have to study the project in which you intend to buy a property. Is it suitable for housing? Or investment? It is also necessary to study its location and find out about the services near it.
3 - Comparing the price of the property with the prices of similar properties in other projects.
4 - You must make sure of the quality of the materials that can be used in the cladding and decoration, and whether they conform to international standards or not.
Second Step: You must see all the necessary costs:
- You have to know that the costs of buying real estate in Turkey are not limited to the price of the property only, but there are many other expenses that you will encounter. If the property is located within a residential complex, there is a tax for services that are provided in the complex, such as recreational services such as swimming pools, playgrounds, gym, gardens, cleaning services and periodic maintenance.
- Four percent of the total price of the property must be paid in fees for extracting the title deed, and both the seller and buyer pay 2%.
- The real estate appraisal report is one of the official documents that must be available when buying a property in Turkey, and its cost does not exceed $200.
- The annual property tax, the value of which varies from one property to another, and ranges between 0.003 to 0.006, and the determination of its value depends on the price of the property.
Third Step: Completing the procedures for owning real estate in Turkey:
After you have found the property that suits you, there are some routine procedures that must be followed, which are as follows:
- Extracting the buyer’s tax number. This can be done easily by going to the tax department in your area. This number is necessary to complete any official transaction.
- A bank account must be opened in the name of the buyer in one of the Turkish state banks in order to transfer the amount of money from the foreigner to the account in Turkey.
Signing the sales contract between the buyer and seller in the presence of two witnesses, and then documenting it with the notary public.
Fourth Step: Provide the necessary documents and papers to purchase the property:
- Bring a certified copy of the buyer's passport + personal photos.
- A security approval must be obtained, as a foreigner cannot buy real estate that is located in security or military areas. It won't take more than a week to get it.
- A copy of the title deed. If the property is permissible, its ownership can be transferred from the seller to the name of the buyer after he has paid all the payments due on him.
Fifth Step: Familiarize yourself with the laws relating to foreign ownership of real estate in Turkey:
- It is unreasonable to search for a property for sale in Turkey without having a complete idea of the laws that must be adhered to in order not to fall victim to scammers and scammers.
- A foreigner cannot own more than 30 hectares in different parts of Turkey.
- Also, he is not entitled to purchase more than 10% of the total area of the property.
- He cannot buy a property located in a security or military zone.
Important tips for everyone who is about to buy real estate in Turkey:
Are you on the cusp of buying a property in Turkey? So you need a lot of advice that you should take into consideration, and this is what we will provide through the following lines:
1 - You must make sure that your dealings are with the owner of the property specifically, as well as the extent to which he can dispose of the property and sell it.
2 - Check the real estate registry if there are any restrictions or mortgages on the property because these problems hinder the completion of the sale and have a negative impact on the price of the property. In this context, we would like to inform you that none of them are mentioned in the Tapu Document.
3 - You should visit the real estate site and make sure of the importance of its location and its suitability for you, whether you want to use it for housing, for work or for real estate investment.
4 - Make sure of the property’s specifications such as its area, location, number of rooms, view, etc., if they are exactly in line with what is mentioned in the title deed.
If you are looking for safety, you should be in direct contact with the Mersat Real Estate team to inform you of the most important opportunities available to us and great offers that meet your goal. We provide you with the latest developments in the real estate market in Turkey and give special attention to your investment future.
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