How to convert commercial real estate in Turkey to residential real estate

Buying real estate in Turkey has become a trend known to the largest part of foreign investors in the recent period, as Turkey's real estate has become the first option that is recommended for investment thanks to the great diversity that it brings to the selection table as it includes various forms of real estate from residential properties such as apartments In Turkey and houses in Turkey and elsewhere in addition to commercial real estate in its various forms, such as shops and commercial offices, each of which is considered an independent category, and most experts advise to study the situation well before taking the step of buying a property in Turkey, as with this diversity comes the need to define your goal Or the desires that you hope to achieve by buying a property in Turkey, and some may hasten to make this decision and then later desire another type of Turkish real estate, for example for an investor to buy a commercial property in Turkey and then conclude that what he needs In fact, it is a residential property, but it does not have sufficient liquidity in order to buy another property or a new property, but the solution exists as it is possible to convert commercial real estate in Turkey into residential real estate through a set of procedures and steps that can be completed to fulfill your desire to convert commercial real estate to another residential in Turkey. 

First 
How to convert commercial real estate in Turkey into residential real estate: 

Some people may think that the process of converting commercial real estate into residential in Turkey is a complicated and difficult matter or even not possible, but the truth is completely different, it is not very difficult and it is a simple procedure, it just requires a lot of documents and official papers and the first step in the way Converting commercial real estate in Turkey to residential real estate is to bring the title deed of the property that you want to transfer its description, and you must also submit a copy of your personal identity as the owner of the property, and the most important thing is that you obtain a written approval issued by the official authorities, the content of which states that there is nothing The process of converting your commercial real estate into residential property is prohibited. 

Second 
Procedures for converting commercial real estate in Turkey to residential real estate: 

The process of converting your commercial property to another residential may require a long period of time, because you will have to convince all the owners of apartments that are located within the same building, but fortunately, the official procedures will not take a long period of time. 
As for the documents that must be present in order to start the process of converting a commercial property to a residential property in the real estate records, they include both the title deed of the property that will be transferred from commercial property to residential and a copy of the property owner's personal identity in addition to written permits from several Official bodies are the municipality and the state to which the property belongs in order to prove that there is no obstacle to converting the property into a residential property, and personal photos belonging to the owner of the property or personal photos of the person who owns an official agency that allows him to act on behalf of the owner of the property must be submitted. The first step includes obtaining the approval of all residents within the building, i.e. the neighbors, in order to be able to start the procedures for transferring the type of real estate registry, and then all papers and documents necessary to start transferring the type of registry must be completed. 

Third 
Reasons for converting commercial real estate in Turkey to residential real estate: 

Some people may want to change the type of their property from commercial to residential for fear of an economic disaster in the country, which may make it difficult for them to complete their project due to a sudden halt or decrease in commercial business, and therefore these commercial properties will become empty of tenants. Which means a financial loss for the property owner, and finding investors willing to rent commercial real estate is more difficult due to the seasonal transfers or the type of projects that exist in Turkey. 
Also, many foreign investors may have to change their workplace continuously, which may force them to sell the property in which they are currently working, but finding a buyer in this case is more difficult because the demand for commercial real estate is considered low compared to residential real estate, as the majority The vast majority of investors prefer to rent commercial property rather than buy it. 
Also, starting commercial projects usually requires the need for large sums of money, especially during its inception, and most investors start their own projects with limited budgets. Therefore, they find in renting commercial real estate a more practical and economical matter compared to paying the full price and buying it. Therefore, we find that The demand to buy commercial real estate is low compared to other types of real estate in Turkey.

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.

Editing by Ramzy Real Estate Team ©

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