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Everything related to real estate returns in Turkey

Everything related to real estate returns in Turkey

The forms of real estate in Turkey have varied greatly after the clear improvement in the real estate market in Turkey, and this has positively affected the market movement and attracted the attention of investors from all over the world to establish modern and sophisticated real estate projects on Turkish lands. 
Real estate broke out of the traditional mold and began to master its forms and features, so smart homes and villas were created, and residential complexes were built that provide many advantages for their residents and differ from traditional real estate in many aspects. 
And in case you want to live in residential complexes in Turkey, you must learn the meanings of the real estate terminology related to it, as you will hear a lot about real estate returns .. What does it mean? And what does it entail? We will learn about that next. 



What are the returns on the property? 


The revenues are amounts of money that the property owner must pay to the committee of the housing complex in which he resides, monthly or sometimes annually, in exchange for the many services provided by the complex management to the property and its residents, where a group of workers are employed to do many things and tasks to ensure Comfortable accommodation for residents and providing everything they may need. 



What are the services that are provided in the residential complex in return for the proceeds? 


There are a large number of services that you will find when buying a property within a residential complex in Istanbul or Turkey in general, and of course these services differ from one complex to another, the most important of which are: 


- Guard and security services: 

Perhaps the most important feature that the residents of the complex can enjoy is the presence of surveillance cameras working 24 hours and distributed throughout the complex to ensure that there are no problems and are constantly monitored, in addition to the presence of a security guard at the door of the complex whose task is to ensure From the identity of all entering people, as only residents of the complex are allowed to enter, and for visits, this is organized and the destination is ascertained, and by this it will ensure that no crimes or thefts of real estate and apartments occur. 



- Recreational services: 

The entertainment aspect is greatly emphasized within the residential complexes in Turkey, as the complexes are equipped with special halls for sports and exercise equipped with the latest sports equipment in addition to gardens and parks attached to the complex to practice sports in the embrace of nature and enjoy family outings with children. Special playgrounds for football or basketball and tennis with the possibility of open and closed swimming pools suitable for children, as we note that the residential complex is very similar to a small city that provides its residents with all their needs and works to ensure their well-being. 



- Public services:

 In some residential complexes there are restaurants and cafes that work around the clock to secure customers' requests from the complex, in addition to the presence of commercial properties and work offices that can be used, thus saving a lot of time instead of transportation, and each complex includes a private garage for the cars of real estate residents within The complex, and specific teams or people are contracted to do all the cleaning and maintenance tasks for apartments and real estate, as you do not have to do it yourself, and so we find that buying an apartment in Turkey within an apartment complex relieves many of the burdens and responsibilities on the owner of the apartment. 



What does the operating project mean?


It is a special table for the accounts of the residential complex through which all the costs and funds that were spent on the residential complex and its services are calculated, and then determine the appropriate share for each property or apartment in an easy and easy way, and in the event that it is not present, the complex's board of directors will take care of this process and In the event that there are any objections to the amounts owed, they will be looked at and reviewed within a week of time, and then the appropriate decision is issued. 



What is the revenue determination system for real estate in Turkey? 


According to Article 20 of the Floor Ownership Law, revenues are divided according to the following mechanism: 
50% is spent on workers. 
25% is used for repairs, maintenance and energy. 
25% is disbursed to the board of directors of the residential complex. 



What follows from withholding the payment of proceeds?


It is known that the revenues are paid monthly unless it is agreed otherwise, and in the event of delay in paying the returns on the property, the complex management can request interest on each month that was delayed, and it is possible that the value of this interest reaches 5% of the value Monthly returns, according to Law No. 5711 of 2007. 
And when you continue to refrain from paying the owed money, the matter will turn to the judicial authorities concerned with guaranteeing the rights of workers within the property, and the matter may reach the seizure of the house or even sell it to pay off the debts incurred by its owner. 

There is no doubt that residential complexes are the ideal choice if you are looking for apartments for sale in Turkey as they provide you with comfort and luxury, so do not hesitate and search for the right apartment for you!

 

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