The mechanism of buying property in Istanbul

Created: 2021-07-09
Last Updated: 2024-04-27
Views: 2635

Content Index

1- Consultation with a real estate company in Istanbul:
2- Extracting the tax number:
3- Opening a bank account in Istanbul:
4- Ensuring that there are no violations on the house in Istanbul:
5- Signing the contract between the two parties:
6- Paying taxes and bills for buying a property in Istanbul:

A large number of Arab and foreign investors head to Istanbul in order to enter the world of Istanbul property investment and buy property in Istanbul, and if you are looking for a property for sale in Istanbul, you must know the mechanism used for that and the necessary steps to buy an apartment in Istanbul..

1- Consultation with a real estate company in Istanbul:

There are many real estate companies in Istanbul that provide a lot of services for those who want to search for apartments for sale in Istanbul, and the most important step when wanting to buy property in Istanbul is to use one of these real estate companies known for their credibility, which will save you a lot of effort and time, as these include Companies are a group of employees who are ready to listen to your desires and prepare lists of properties in Istanbul that match the specifications you mentioned. You can get the cheapest apartments in Istanbul, as well as Istanbul luxury homes in proportion to your money, and the services of these companies are not limited to assistance in purchasing property Istanbul, but also provides real estate consultancy services, real estate management, translation and reception services, and many more.

2- Extracting the tax number:

The most important step for owning real estate in Istanbul is to obtain the tax number, which is a number obtained from the tax department in Turkey, and all foreign investors must extract it to facilitate the process of buying homes in Istanbul.

3- Opening a bank account in Istanbul:

The person wishing to buy an apartment in Istanbul must open a bank account in one of the banks in Turkey in order to transfer the necessary amount to purchase the property through it, as the process of owning property in Istanbul is only done through banks, and there are many banks with a well-known name and great importance in Turkey.

4- Ensuring that there are no violations on the house in Istanbul:

Before buying property in Istanbul, it is necessary to make sure that this property has no problems, and this is done by going to the official departments to ensure that all dues, bills, and taxes are paid on the property in Istanbul.

5- Signing the contract between the two parties:

After choosing the property and verifying it, the main step comes, which is to sign the contract between the two parties within the title deed department. Here, it should be noted that this step should be done within the government departments, while verifying the identity of the owner and the title deed, and later the two parties are signed to begin the procedures for transferring ownership to The new owner.
As for the documents required to obtain the title deed, they are:
-A copy of the passport of the property buyer.
-Personal photos of the new owner.
-A copy of the project building permit and its registration document within the municipality.
-A copy of the original title deed (Tabu) of the real estate.
-Tax Number .

6- Paying taxes and bills for buying a property in Istanbul:

There are a set of taxes and fees that result from buying Istanbul homes, which are:
-Fees for transferring ownership of the property to the new owner, and this is to be paid once.
-The municipality’s annual fees, which amount to 0.0003% of the property value, and are paid at the municipality’s headquarters in exchange for the many services it provides.
-Insurance against earthquakes and natural disasters, and these fees are paid annually as well.
-Registration of the water and electricity meter in the name of the new owner of the property.
- The monthly returns of the apartments within the residential complexes in Istanbul, which are provided to the management of the complex in exchange for the many services of cleaning, maintenance and others.

There is no doubt that buying an apartment in Istanbul is a unique deal that includes many benefits and features, and you can find what suits you, as Istanbul property prices vary so that everyone can get the property they want.

#apartments #istanbul #turkish_citizinship

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