How to buy an apartment in Turkey in a safe way

Created: 2022-02-25
Last Updated: 2024-05-04
Views: 2312

Content Index

Important steps when buying an apartment in Turkey:
The laws of foreign ownership of real estate in Turkey:
Why buy real estate in Turkey?

Recently, the real estate market in Turkey has become one of the most important destinations that push many real estate investors and capitalists to choose it based on the elements it possesses, such as a reviving economy, a stable political climate, preparing urban development plans, urban transformation, and building development projects.

Many privileges, but this does not prevent investors from having some concerns when buying an apartment in Turkey, and this is what prompted us at Ramzy Real Estate to prepare this article in which we will address the most important steps that must be followed to buy an apartment in a safe way. We wish you a useful reading.

Important steps when buying an apartment in Turkey:

Stressing that you will not start searching for an apartment for sale in Turkey until you have taken a full idea of everything related to this matter, and the following are the most important things you should know:

1 - Determine the purpose of your purchase of the apartment:

You will not search for an apartment for sale without having defined the goal and purpose, because based on your goal, you have to choose the location and thus you have ensured that you will not choose wrongly.

-If you want to buy an apartment in Turkey in order to spend the tourist seasons in it or for a period of rest and relaxation, your search should be focused in quiet areas away from the noise. You can also search in areas that have a sea view or areas with green spaces.

-If you want to buy an apartment for real estate investment, you should search in vital areas and cities that are recording economic growth and urban expansion. You should also look into promising new areas.

-If you want to buy an apartment to live with your family, you should choose the nearest service and recreational facilities such as schools, universities, health centers and public transportation.

2 - Select the specifications that you want to have in the apartment:

It is necessary to specify the specifications that you prefer to have in the apartment, which are represented in several points, the most important of which are:

- The space required for the apartment.

- Interior specifications such as number of rooms, decorations and view.

- The floor you will be on.

- The age of the building in which the apartment is located.

- You have to know that the specifications of the apartment play a big role in determining the price.

3 - Choosing a reliable real estate company:

With the increase in the number of foreigners wishing to buy apartments in Turkey, real estate companies have increased to help them, but this does not mean that any company should be chosen. There are several criteria that you should choose based on, which are as follows:

- You should be keen to see the services they provide.

- You can communicate with clients who have already dealt with them.

- You must visit the company’s headquarters or communicate with one of its experts by phone in order to find out how responsive he is to you.

*We at Ramzy Real Estate offer you all the necessary services and consultations that lead you towards the apartment you are looking for and provide you with the most important real estate offers and the best investment options. We also help you obtain Turkish citizenship by providing real estate that matches the conditions for obtaining it.

4 - Rely on the following tips:

- After you have found the right property, you will have to investigate well about the property and its owner. Make sure that the property owner can sell it and manage it.

- One of the aspects of real estate fraud is that the property owner has transferred his ownership to another person, that is, he is selling it to more than one person at the same time.

- It is important to make sure that the specifications of the property that you see on the ground are the same as those mentioned in the title deed.

- Make sure that the property does not have any mortgages or seizures, for example, this prevents the completion of the sale and has an impact on its price. To verify this, you must go to the Land Registry because it is not mentioned in the title deed.

- You have to choose the space of your apartment carefully in line with your purpose of buying it and with your financial budget. You have to bear in mind that you should stay away from large areas, especially if you want to invest in real estate because the demand for them is rather low.

- If your financial budget does not allow you to buy a ready-made apartment, you can choose an apartment under construction, as it is somewhat cheaper, but be aware that you pay the full amount in one go, but it must be paid in stages as the construction stages develop.

5 - Find out what you need to do:

- If you have chosen to buy an apartment that is still under construction, you should know that it must be documented with the Notary Public in order for it to be official.

- An earthquake and natural disaster insurance document must be obtained that guarantees the right of the property owner in Turkey, where he is compensated for any damage that occurs by giving him a financial amount that sometimes reaches 200 thousand Turkish liras.

- You can choose one of the construction companies that offers attractive offers, high discounts, and opportunities to purchase real estate in installments, where the buyer pays thirty percent of the property price only in the first installment.

- Obtaining a real estate appraisal report extracted by one of the agencies or companies that have a license from the Turkish government. You will not need more than three days to obtain it, and it is valid for three months. As for the cost of extracting it, it does not exceed $200.

Turkey is one of the most suitable countries around the world for buying real estate, and it is the safest as well. You can make your decision while you are confident and know that we at Ramzy Real Estate accompany you from the beginning until you receive the property and provide you with investment opportunities with high returns and guaranteed results. Your distinction is one of our most important priorities.

The laws of foreign ownership of real estate in Turkey:

In order not to make mistakes, you should read in detail the laws on foreign ownership of real estate in Turkey, and this is what we will talk about in detail through the following lines:

-No foreigner has the right to buy a property in Turkey located in a security or military zone.

-A foreigner is not entitled to own more than thirty hectares in various parts of Turkey.

-A foreigner cannot buy a property in an area where the percentage of foreign ownership of more than ten percent.

-The buyer must ensure that he does not hold the nationality of one of the countries that are prohibited from owning property in Turkey, namely: Syria - Armenia - Cuba - North Korea - Greek Cyprus.

In order to buy a property in Turkey without falling victim to real estate fraud, you should not resort to searching on your own, as this exposes you to falling victim to real estate fraud, a natural result of your lack of extensive knowledge of the real estate market in Turkey and your lack of knowledge of the laws and regulations stipulated in the Turkish constitution.

You should know that there are many forms of real estate fraud in Turkey, and therefore you should see them completely in order to be away from them, and they are as follows:

-It is possible that the property will be sold at a higher price than it is worth and you may have paid a lot of money in the wrong place.

-Deception of the buyer that the property is suitable for obtaining Turkish citizenship.

-Tell the buyer that the property offers you a high return on investment.

-Impersonation of the property owner.

-Forging papers and documents.

And you should know that fraud methods are many and can be constantly renewed, so you must monitor the latest news of the real estate market in Turkey and be informed of all its news and developments on a permanent basis.

Why buy real estate in Turkey?

Many people are asking today about the reasons that may prompt foreigners to ask a lot of questions about the real estate field in Turkey. There are certainly important motives and good reasons, and through the following paragraph, these advantages will be presented quickly and briefly:

-Real estate prices in Turkey are low compared to prices in European countries.

-A wide variety of real estate to suit all tastes and satisfy all desires.

-It is possible to buy real estate in Turkey quite easily and conveniently.

-Government subsidies and tax cuts.

-Exemption from value added tax for foreigners who buy for the first time.

-Real estate in Turkey is characterized by high luxury and high quality.

-By purchasing a property in Turkey, it is possible to obtain real estate residency.

-A way to apply for Turkish citizenship.

-Real estate in Turkey is a great opportunity for profitable real estate investment.

-Turkey's geographical location between three continents.

-The possibility of buying a property with a great view very easily.

-The Turkish economy is booming and its constant growth is steady.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.