{ مخاطر الاستثمار العقاري وشراء عقارات في تركيا | Mersat Real Estate | Real estate experts make the decision
real estate investment and buying real estate in Turkey

Risks of real estate investment and buying real estate in Turkey

Last Updated: 2023-07-27
+ Font size -
0 10539

The risks of real estate investing and buying real estate in Turkey

Turkey has become one of the most attractive countries for Arab and foreign investors, as it is like a treasure box that hides in it many advantages and surprises, from which we will mention its distinctive location between Asia and Europe as it is a distinctive commercial link, its charming nature, and of course its services and facilities for investors from everywhere.

All this contributed to making it always the focus of attention by all investors, but of course, like all commercial dealings, it involves many risks, but do not worry, you have come to the right place!

In this article, we will review and analyze the risks that you may face when entering the world of real estate investment in Turkey, follow us:

  1.  Loss of real estate's financial value in Turkey:

The turmoil in the value of the Turkish lira remains a nightmare that haunts many investors, as the investor is afraid that the value of his property will decrease due to the decline in the Turkish lira's exchange rate against the US dollar or even the occurrence of global financial crises, which of course negatively affect the real estate sector in Turkey and may leave disastrous effects.

There is no doubt that any investor will want a safe environment that guarantees the safety of his investment and reduces the expected risks as much as possible, and it has been noticed that some have complained in this regard about the fluctuations in the exchange rate of the Turkish lira.

But you do not have to worry, as experts and analysts in the fields of real estate indicate that the value of real estate in Turkey does not decrease or decay, but rather the opposite, as its value always rises, and it is possible that some economically weak countries will be affected and afflicted by a long recession, but this will not happen with Turkey as it is classified as one of the 20 most powerful economies in the world, and its economy is considered to be the second strongest in Europe. 

When looking at economic analyzes, we find that the fall of the Turkish lira against the dollar did not have a significant impact on the real estate field, in addition to the fact that the lira began to recover again and its value and exchange rate began to rise. What contributed greatly to the recovery of the lira was the government's pricing of real estate in Turkish lira exclusively, which preserves the price of the property and limits the loss of its purchasing value. 

When studying the situation of real estate investment in Turkey as an example of investment as a whole, we find that this sector has benefited from the decline in the value of the Turkish lira exchange in 2019, as it flourished and the amount of real estate sale in Turkey to foreigners increased by 69% during the first six months within the year 2019.

Of course, this is an irrefutable evidence that the real estate sector has emerged from its previous recession and has returned to rise in terms of attracting more investors.

  1.  Anxiety about choosing an inappropriate property:

When buying a house in Turkey, do not forget to specify the purpose of buying it, what do you intend to do with it? Is it for housing? Or investment? Or obtaining Turkish citizenship?

Likewise, you have to carefully decide and define all the characteristics and features that you would like to have in your property in terms of the number of rooms, the area of ​​the house, an apartment with a sea view, the service facilities within the property, the finishes and their quality, and of course you must specify the financial value that you want to spend on your project, so all of this will help the real estate agent to meet your needs, defining your exact request, saving time and effort. 

Certainly, if you want to live in the property, you will have certain specifications that differ from your use of it as an investment, a workplace, or a restaurant, for example. Each has its own way of thinking and specific priorities, without which the presence of the property is of no use.

Once you decide what you will benefit from or in what you will invest it, you move to the second phase, which is choosing the most appropriate site that meets your need, so you must do tours within the neighborhoods and residential complexes in Turkey,  search and ask about the nature of the area and the degree of suitability for your project, and remember always to inquire about the proximity of public and private transportation from the region because that is a key factor in the success or failure of the investment.

  1.  Concern over fraudulent and unreliable entities:

If you are thinking of investing in Turkey, you should always inquire about the extent of honesty and transparency of the party that you deal with now and in the future.

To ensure your peace of mind, we recommend that you always deal with a real estate broker known for trust and reliability.

To achieve this, you have to do a thorough research within the real estate market in Turkey and find the real estate company that you will invest in.

Once you find your way and decide to invest in a particular company, you have to be careful! Yes, pay attention to the conditions agreed upon in the contract, and review the terms for protecting the rights of the investor.

If you follow these steps, there will be no cause for concern, the expert real estate consultant will help you and provide you with all the information about real estate in Turkey in a way that facilitates your decision. Visiting the site with one of the employees will draw a clear picture for you about the project and its advantages and disadvantages for sure.

  1.  The mortgage ghost and fear of not being able to pay it:

The option of mortgage and purchase in installments has become one of the most attractive things for Arab and foreign investors to invest in Turkey, but this of course involves real concerns that the buyer can make the monthly payments due to him. Here we will explain to you the mechanism by which the installments are paid in a comfortable way according to the Turkish commercial laws and provisions:

The value of the first financial payment constitutes up to 30 to 40% of the total value of the property in Turkey, and it can sometimes reach 50%. As for the value of the monthly installments, this is what is agreed upon between the buyer and the real estate company concerned in a way that satisfies both parties. The investor has to negotiate with the company to reach a suitable deal for him and ensure that he can pay the installments without worry or doubt.

You will not believe your eyes! When you pay all your installments ahead of time, you can get big discounts of up to 20%. Isn't that amazing!

After presenting all the potential risks when buying apartments in Turkey, we will give you the most important tips as quick points, and always keep in mind:

  • Deal with the most reliable companies.

  • Do not be lazy about making tours of the project site.

  • Ensure your legal rights by hiring a lawyer specializing in real estate matters.

  • If you want to buy a property under planning, be firm by specifying the time of delivery with penalties imposed in the event of procrastination and delay.
     

You are now ready to go through that experience and dive into the field of real estate in Turkey

What are you waiting for? Hurry up and start investing now, time is money. 

 

 

Edited by Mersat Real Estate Team ©


 

Last Updated::2023-07-27

Real estate Articles

The real estate market in Istanbul is the best choice for investors
Istanbul is a destination for millions of tourists and investors who want to buy a property in Turkey, so what are the types of real estate in it?
Find out why you should deal with a reliable real estate company
Mersat Real Estate recommends always dealing with real estate companies and not listening to rumors
A comprehensive guide for everything related to buying a property in Turkey
Are you interested in real estate investment in Türkiye? Here's everything you need to know about investing in Türkiye
Torlow's balcony
Turlo Glass Balcony, a beautiful glass balcony for lovers of adrenaline, excitement and suspense
Asansur Tower is a charming landmark of Izmir
Turkey seeks every day to support tourism and the tourism field in Turkey to raise the country's economy first through tourists visiting the picturesque natural places
What are the elements of investment in Turkey?
Investing in Turkey and reaping real estate that must be taken into account when buying a property
Advantages of the Turkish passport 2023
There are many reasons that lead many Arabs to inquire about the possibility of obtaining a Turkish passport, with the many advantages it gives to those who hold it.
Annual property tax in Türkiye
What is the annual property tax? And what is its value?
Princesses Islands are the most beautiful islands in Turkey
Princes' Islands in Istanbul: A gem in the Marmara Sea with exceptional history and beauty, featuring cultural and natural landmarks that attract visitors to enjoy a unique charm blending history with serene natural beauty.
Arnavutköy area
Arnavutkoy ... the center of promising investments

Real estate News

A new decision regarding real estate residency in Türkiye
Learn about the new decision regarding real estate residency in Turkey, where obtaining a real estate residency requires that the price of the property to be purchased be 200 thousand dollars or more.
The United Kingdom is investing four billion US dollars in Turkey
Reports indicated in some newspapers, including Anadolu Agency, about the planning of the British company Hive Energy, with the support of the British Chambers of Commerce, to invest in Turkey worth four billion US dollars
Economies are collapsing, currencies are falling, and Turkey is out of this equation
After the Corona crisis ravaged the world's economies and scientists reached anti-virus vaccines, and as soon as things began to improve and recover, the Russian-Ukrainian war occurred.
400 Thousand US Dollars, a Simple Amendment to One of the Conditions of Obtaining Turkish Citizenship
The Turkish Official Gazette published at dawn today, Friday, May 13, the decision of Turkish President "Recep Tayyip Erdogan", which stipulates raising the value of the property that grants its owner the right to obtain Turkish citizenship from 250 thousand to 400 thousand US dollars.
exceptional project from a government that cares about its people
 Recently, the Turkish government has introduced a residential project, land suitable for construction and industrial zones in all Turkish provinces
The Clash of Giants over One of the Major Markets, and the Turkish Overcomes
In the midst of the crises the world is witnessing, such as wars, conflicts and the collapse of economies, the Turkish Real Estate Market has registered remarkable progress with the rise in the average cost of houses in Turkiye
Accord and new horizons, Ankara and Riyadh
 As a kind of confirmation of improved Saudi-Turkish relations, Crown Prince Mohammed bin Salman visited Türkiye for the first time
Closing Some Neighborhoods in Türkiye to Foreigners; a Resolution in Your Favor 
As of July 1, the number of neighborhoods in which the process of registering and changing residence of the foreigners will be closed
Tourism recovery in Turkey 2022
After the Corona pandemic hit all the world's countries, tourism declined in many of the countries that pioneered it
Trabzon Receives Its Saudi Loved Ones After a Long Absence
After a long absence because of the coronavirus pandemic, Saudi tourists returned to Türkiye to enjoy their summer vacation as Trabzon was their first choice.
Real estate Articles
Watch a video
Real estate opportunities
Featured Projects

Projects in Turkey

Realestates in Turkey

Let us tell you with new

By joining mailing list