Frequently asked questions about owning real estate in Turkey 2022 AD

Are you thinking of buying real estate in Turkey? Certainly, there are a lot of questions that revolve in your mind on this subject, and because we at Right Way are very keen that you are aware and fully aware of everything included in the real estate ownership journey in this country, through the following article, we ask the most important questions received by us and accompany them with accurate and clear answers .

We hope to answer all your questions.

Find the full answers to all your questions about buying real estate in Turkey:

Before you decide to buy a property in Turkey, get a full explanation of your various inquiries.

The first question: What privileges will I get when buying a property in Turkey?

- You will get real estate residency that ranks as one of the best residencies ever.

- If your property is worth 250 thousand US dollars or more, you can obtain Turkish citizenship.

- Through it, you can enter the field of real estate investment and achieve the highest profits and returns.

- Real estate prices in Turkey are suitable and distinctive in contrast to what you will find in Europe.

- The cost of living is also cheap and moderate.

Second question: How to buy a property in Turkey?

- Find the right property.

- Determine your financial budget.

- Take field tours and see the most important real estate projects available.

- Prepare the required documents: real estate title deed - personal photos - tax number - passport + a copy of it translated into the Turkish language and certified by the notary public.

In the next stage you must sign the sales contract after agreeing on the price.

Fourth question: Are there any problems you encounter when owning real estate in Turkey?

There are some problems that you may encounter while buying real estate in Turkey, beware of falling into them, as follows:

- Make your dealings with a reliable and well-known real estate company.

- Determine the purpose of the property before you start searching for it, so that your choice is not wrong.

- If you choose to buy an apartment under construction, make sure to deal with a reliable company.

- Determine your budget carefully and do not find other costs that were not taken into account.

The fifth question: Is Turkey real estate suitable for real estate investment?

A wide category of foreigners who choose to own real estate in this country aim for real estate investment, but how important is it to start this project in Turkey and what are the aspects that distinguish it from other countries?

- Sophisticated and modern infrastructure that competes with European countries.

- Turkey embraces the most important infrastructure projects such as Istanbul's new airport - the new water canal - Basaksehir Medical City - highways.

- Real estate prices will witness an increase of 40 to 50 percent this year.

- The Turkish government has reduced property taxes.

- The real estate appraisal document is a guarantee of the right of the investor because it limits the possibility of falling victim to fraud.

Question Six: How to invest in real estate in Turkey?

If you are a real estate investor, you should know that you have two main investment options:

The first: renting the property and getting a high return. This idea is unique because of the high population density in Turkey and because it hosts annually thousands of foreigners and tourists looking for a place to stay.

Second: The property can be resold again, look for a real estate opportunity at an attractive price, wait for the prices to rise and sell, so you will benefit from the price difference between the buying and selling stage.

Question Seven: What are the most important taxes that must be paid when buying a property in Turkey?

Among the many things that occupy a real estate investor when buying a property in Turkey are the taxes and costs that he must pay, and here are the most important ones:

- The fees for extracting the title deed of the property amount to 4% of the property value and are paid equally between the seller and buyer parties, and in some cases the buyer pays it alone.

- Value Added Tax, whose value ranges from 1 to 18% of the property value.

- Fees for translation of papers and documents.

- Real estate appraisal report fees.

- Earthquake insurance fees.

The eighth question: What are the most important Turkish cities for buying real estate in Turkey?

Each city in Turkey has specific characteristics and privileges, but Istanbul is always the first choice for anyone who wants to buy a property in Turkey and is the highest in the number of real estate sales.

The areas in Istanbul vary, and there are 39 areas in both the European and Asian sections, and among the best areas are:

- Beylikduzu - Basaksehir - Sariyer - Bahcesehir - Esenyurt - Avcilar - Besiktas - Eyup Sultan.

- Uskudar - Kadikoy - Umraniye - Beykoz.

Question 10: Are ready-made properties better or properties under construction?

We have already mentioned that Turkey is witnessing a variety of real estate suitable for everyone without exception, including ready-made and under-construction properties, which one is better?

Real estate under construction is a unique opportunity for those who do not have the ability to pay the value of the property in cash. It is characterized by its rather low prices and gives the buyer an opportunity to add the details and modifications he wants.

Did you know that the prices of properties under construction rise after the construction stages are completed by about thirty percent?

But if you do not have time to wait until the construction stages are completed, you must choose ready-made properties that can be moved to and live directly.

Question eleven: Is it possible to inherit real estate in Turkey?

One of the common questions about this is the issue of inheriting the property. Of course, the children and relatives of the foreigner can inherit his real estate property after his death, as the laws applicable to the Turkish citizen also apply to the foreigner.

Question Twelfth: What is the importance of buying an apartment with the guarantee of the Turkish government?

Many foreigners prefer to buy a property with the guarantee of the Turkish government because:

- The property is delivered on time without delay.

- You will get premiums in the long run.

- You will not be a victim of any fraud or scam.

- Buildings designed according to high quality and modern style.

- The projects that are guaranteed by the Turkish government occupy strategic locations.

The editorial team at Right Way Real Estate has provided you with the most important answers to your various questions. If you have more questions, you can contact us directly.

Visit our website to see all the latest information about real estate in Turkey.