The Stages of Buying A Property in Turkey
Property Buying Guide in Turkey
Turkey is one of the best countries in the world to live in. Turkey is one of the most preferred countries for investment by foreigners with its competitive economy, large market mass, low cost of living, qualified and young employment opportunities, and strategic location that offers many options for investors to use their money. Especially the speed of buying real estate is one of the biggest factors in choosing security and convenience.
The process of buying real estate in Turkey is much faster and easier compared to many European countries and other countries. In 2012, some legal obstacles to foreigners buying real estate in Turkey were removed with the enactment of the Reciprocity Law, and the process of buying real estate in Turkey for foreigners was facilitated. Thus, citizens of 183 countries determined by President Recep Tayyip Erdogan can easily buy real estate in Turkey.
The Stages of Buying a Property in Turkey
When you decide to buy property in Turkey, the first thing you should do is contact a reliable real estate agency that provides professional service. Although the process of buying real estate for foreigners in Turkey is easy and fast, it will not be easy to carry out legal procedures in a foreign country without professional help. You should get professional help for a smooth and fast property-purchase process. After contacting a professional real estate agency, the process of buying property in Turkey continues with certain stages.
- You should determine your wishes and budget and clearly convey this to the real estate consultant.
You should share with the real estate consultant your budget, your purpose (living, investment, renting, etc.) of purchase, and the features (size, social facilities, location, view, etc.) you want to have in the property. The real estate consultant will determine the most suitable options for you in line with your budget and wishes.
- Make sure to visit the properties you like among the options offered and see them on the spot.
Set a suitable appointment time with the real estate agent who offers the most suitable options for you and joins the real estate promotion tour. Be sure to see the property options offered to you on the spot.
- Ask about the terms of sale and payment schedules of the properties offered.
- Pay the deposit for the property you like and are considering buying.
When you pay a deposit for the property you like, the property is reserved for you, and the price is fixed.
- Be sure to sign a contract when you decide to buy the property.
Before signing the contract;
You must make sure that you have purchased the property shown to you, that the seller is the right person, that there is no debt or mortgage on the property, and that the agreed terms are written on the contract. When you work with a reliable real estate agent, your consultant follows this whole process for you and provides all the necessary conditions for you.
- After signing the contract and transferring the money, apply to the Land Registry Office and prepare all the required documents on the specified appointment date and be ready in front of the Land Registry Office. After the deed transfer takes place, the property is now yours.
The transactions to be made after the title deed transfer are the transactions such as electricity, water, natural gas subscriptions, and insurance transactions to be made for the use of the property. Diyar Turk Real Estate is always ready to help in all transactions that need to be done after the sale as well as before the sale. Considering all these processes, working with a reliable real estate agent will provide you with many benefits and facilitate your transactions in a foreign country.
Frequently Asked Questions When Buying Property in Turkey
- Are there any restrictions when foreigners buy property in Turkey?
Yes, the property to be purchased by foreigners; cannot be located in a military zone, a place of historical importance, forest zones, or primary agricultural lands. All the properties in our portfolio, which we publish on our site, are suitable for foreigners to purchase, without any restrictions or legal obstacles.
- Are there any restrictions on the number of properties foreigners can buy in Turkey?
No, there are no restrictions on the number of properties that foreigners can buy.
- Who determines the property prices in Turkey?
The prices of newly built properties in Turkey are determined by the contractor firm. In second-hand properties, property owners set their own prices. The same price is paid for property purchased directly (the seller) or through a third party (real estate agent). When the property is purchased directly by the seller, all legal procedures are carried out by the buyer. The real estate consultant assists in the legal proceedings of the real estate purchased through the real estate agency.
- Who sells the property in Turkey?
Except for real estate agents, It is possible to see a taxi driver or a waiter selling property in Turkey. But the best and most reliable way to buy property is to work with a licensed real estate agent. Diyar Turk Real Estate is a real estate company registered with the Istanbul Chamber of Commerce.
- Can I get a residence permit when I buy property in Turkey?
Yes, every foreigner who buys property in Turkey can get a 1-year residence permit. The residence permit must be renewed every year together with the title deed.
- Which nationalities can buy property in Turkey?
Except for Syria, North Korea, and Armenia, citizens of all countries can buy property in Turkey.
- How many people can share the title deed of a property to be purchased in Turkey?
There is no restriction on the number of persons to be written on the deed.
- What are the documents required for the deed transfer process?
For the title deed transfer process in Turkey, the identity card and a photocopy of each of the buyer and the seller, 1 photo of the seller and 2 photos of the buyer taken within the last 6 months, the "No Tax Obligation" letter from the municipality to which the immovable is affiliated, a power of attorney if there is a power of attorney, a photocopy of earthquake insurance, and a copy of the title deed is required. Click for detailed information.
Diyar Turk Real Estate, with its experienced and professional sales team, offers the most suitable property investment options in Turkey for your needs and enables you to make a profitable investment. It enables you to make the most appropriate investment in the right region with its expert real estate consultants. Diyar Turk Real Estate is always ready to help with its before-sales and after-sales services.
Please do not hesitate to ask any questions you may have. You can contact us via our website or firstname.lastname@example.org e-mail address.