compehensive guide when buying real estate in turkey 2022

Investing in the Turkish real estate market means investing your money in buying real estate of all kinds, and therefore it is necessary to know all the details related to this investment step to ensure the safety of your capital and achieve the purpose of real estate investment in Turkey, which is to collect profits, and we, in turn, will put in your hands your comprehensive guide when Buying real estate in Turkey.

Your comprehensive guide when buying real estate in Turkey 2022

First: Shorten the way and go to one of the well known real estate companies when buying real estate in Turkey:

Real estate companies in Turkey are the companies that are in direct contact with the Turkish real estate market and monitor all developments in the market in terms of regulations and laws on the one hand. At the same time, they closely monitor all existing real estate investment projects in the region and collect full information on the technical specifications of real estate in these projects And therefore it has a comprehensive guide that helps you when buying a property in Turkey and shortens you many steps from the lengthy search for the right property.

Second: Determine the purpose of buying real estate in Turkey:

Because determining the goal of buying real estate in Turkey helps the company to choose the property that matches this goal, whether the goal of buying the property is to live in it, or if the real estate investment is by reselling the property and making a profit at the difference between the two prices, or by renting the property and obtaining a fixed monthly or annual return according to the agreement.

Third: Determine the budget allocated when buying real estate in Turkey:

Determining the budget plays a major role in choosing the property in terms of the type of property, the region in which the property is located, and in terms of the technical specifications that characterize the property. Each of these factors plays an important role in real estate investment when you buy property in Turkey.

Fourth: Be aware of the laws and regulations governing the process of buying real estate in Turkey:

This is very important, it is necessary to know your rights and duties when entering the real estate market in Turkey. The Turkish government has created the legal legislative environment that formed a fertile ground to encourage real estate investment on its lands. There are many legal details that are in your favor and you do not know. On the other hand, there may be many caveats that you should avoid to ensure the success of your purchase of real estate in Turkey.

Fifth: Take a look at the market prices when buying real estate in Turkey:

It is true that the real estate broker that you deal with must be trustworthy and that the price of the property that he proposes to you is supposed to be the most appropriate, But this does not prevent you from taking a preconceived idea of real estate prices in the Turkish market in order to negotiate the price with the seller if you find that the price is not appropriate, and it is advised here to consult people who specialize in real estate prices in Turkey.

Sixth: Closely inspecting the residential project or real estate:

Do not rely entirely on the real estate brokerage company, it is necessary to visit the site of the property or the real estate project if it is still under construction to be sure that the specifications match what is required and that things are going well.

Seventh: Issuance of the identification papers required when purchasing real estate in Turkey:

There are a set of required official papers, some of which are related to the real estate and others are related to the owner of the real estate, such as the title deed of the real estate, and it is in the name of the owner who signed the contract or his official representative, In addition to a copy of the project’s building permit, two personal photos of the buyer, a translated and certified copy of your passport, and a copy of the seller’s identity card. Here, you must pay part of the value of the property as a deposit for your reservation of the property.

Eighth: Do not forget to obtain your tax number from the Tax Department:

The tax number is a number that is extracted from the real estate department, and this number is given to every person who does not hold Turkish citizenship in order to facilitate all government procedures for him, and without it he cannot own real estate in Turkey or apply for Turkish citizenship.

Ninth: Open an account in one of the banks that have agreements with Middle Eastern banks when buying real estate in Turkey:

As it is necessary to open a bank account in one of the Turkish banks in order to transfer the funds to it from the buyer’s home country, as it is required that the purchase process be made by bank transfer exclusively, which will help you later in obtaining the real estate residence and is considered one of the necessary supporting documents In order to obtain Turkish citizenship.

Tenth: Establish a small economic feasibility for the step of buying real estate in Turkey:

As buying a property in Turkey requires you to either freeze or invest a large amount of money depending on the purpose of buying real estate in Turkey, the basic principles of economic feasibility are calculating costs and revenues and studying the difference between them if the goal of buying real estate in Turkey is investment, not housing.

Eleven: Learn about the advantages of buying real estate in Turkey:

There are many advantages that you get once you buy real estate in Turkey, and these advantages are by obtaining real estate residence and then obtaining Turkish citizenship, taking into account the conditions related to these two steps, such as the property price being at least 250 dollars if you want to obtain Turkish citizenship , with the condition not to dispose of and invest in this property for a period of three years as a minimum, and here you must know what is the appropriate property whose financial value will be sacrificed for this period of time.
We hope that we have covered all the details related to real estate investment in Turkey, whose goal is success and profit, and that we have put in your hands your comprehensive guide when buying real estate in Turkey.