guide for foreigners who want to buy a property in Turkey
Last Updated: 2023-07-27Summary Guide for foreigners wishing to buy a property in Turkey
There is no doubt that buying real estate is one of the most difficult types of purchases that we make during our lives, because of the many details that must be familiarized, and the high price of real estate compared to what we buy during our daily lives, and therefore we must reduce the errors of the property buying process as much as possible, and through the next lines we will put in the hands of foreigners wishing to buy a property in Turkey a guide that directs their compass towards buying the property they hope for and achieves the goals they aspire to.
We start from the legal point of view due to its importance and necessity for every foreigner outside his country:
the Property Law in Turkey was issued in 1934 No. 2644, and many amendments have been made to this law until it reached its current form today.
One of the most important of these amendments that concern foreigners wishing to buy a property in Turkey is the amendment that approved the abolition of reciprocity in 2012, as the law gave the right to own property in Turkey to a foreigner whose country allows Turks to own property in it, while countries that do not allow this are not entitled to own property in Turkey.
The Turkish real estate market has witnessed a remarkable development in terms of foreign ownership after the cancellation of this decision, as foreign ownership of real estate in Turkey has become legal, and the law even allowed him to own more than one property, provided that the area of these properties does not exceed 30 hectares.
The goal of buying a property in Turkey
Thegoals of foreigners wishing to buy a property in Turkey vary, some may want to invest in Turkey by buying this property, due to the great interest provided by the Turkish government in investment and foreign investors.
Realestate investment in Turkey has many aspects, including: reselling the property after its price rises or renting it and benefiting from its rental return.
The goal of a foreigner from buying a property in Turkey can be to reside , because Turkey contains diverse cultures and wonderful tourist areas in addition to the many and varied real estate options , where real estate is located in the heart of nature as an option for those who love to enjoy the magic of nature , and real estate in city centers for those who love to live the hustle and bustle of life .
Documents required for a foreigner to own a property in Turkey?
- Foreign buyer's passport with copy translated into Turkish
- Property ownership contract in Turkey, which includes detailed information about the property
- Property value statement document, and this document can be obtained from the municipality of the area where the property is located
- Earthquake Insurance Policy
- Personal photos: a recent photo of the seller, and two recent photos of the buyer.
- If the buyer has a legal agent for whom the property purchase is made, the agent must present the original copy of the power of attorney along with a translated copy certified by the notary office.
Points to consider to choose the right property
- Property location: Choosing the location of the property that you will buy offers you many advantages and facilities that you desire, such as the property being near public transportation and saves you many troubles in your transportation, except that the appropriate choice of the location of the property facilitates the process of selling it if you decide to do so and increases its price as well.
- The quality of the construction in which the property is located : It is very necessary to note every stray and incoming related to the quality of construction, in order to save yourself many troubles and wages related to maintenance and repairs .
- Ensure that there is no tenant occupying the property to be purchased.
- Ensure that the previous taxes were paid by the previous property owner.
- Verify the eligibility of the person responsible for the sale of the property, and his possession of the right to carry out the sale.
- Verify that the property is free of any mortgage or signals .
- Ensure that the specifications and information contained in the title deed (Tapu) conform to the specifications of the property on the ground.
Buying real estate is not easy , and requires a lot of awareness, wisdom and calm , and to facilitate this task you can consult one of the real estate companies located in Turkey , as these companies offer you many real estate options and advice that suit your desired goal to buy the property or the amount that you allocate for this process .
All you have to do is contact the consultants of Mersa Real Estate Company, and provide them with the specifications of your dream property, and they are sure to find you the perfect real estate option for housing and investment in Turkey.
Editorial Mersat Real Estate Team©
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