How to protect your real estate investment in Turkey from failure

It is fortunate that Turkey has created a healthy investment environment incubating successful real estate investment in terms of effective regulations and laws that motivate and encourage Arab and foreign investors in order to pump their money and invest it in the Turkish real estate sector, and scientific investment foundations must be based on it as an investor to learn how to protect your real estate investment in Turkey from failure.

Factors for the success of real estate investment in Turkey

An investor wishing to invest in real estate in a particular project must inform the relevant ministry of the type of project, whether it is agricultural, industrial, educational or commercial.
2. Taking into account bilateral trade agreements as well as international standards for real estate investment, especially that Turkey is always striving to improve the investment environment on its territory.
3. Review the real estate registry to provide the investor with all the necessary information about the property before signing any contracts of a legal nature.
4. Some conditions alert the investor to some important notes that he may not pay attention to. It must be ensured that the property owner has the authority to dispose of his money or not, such as if these properties and properties are under seizure, for example.
5. It is very important when buying a property that the investor makes sure that the property is not mortgaged or subject to certain procedures that prevent its sale and thus hinder the investment process.
6. Choosing the real estate area is an important and basic condition in the real estate investment process. The real estate must not be in military areas or affiliated with security areas, due to the existence of a law prohibiting the sale of such real estate to foreigners.
7. The Turkish government has determined the area of the property included in the real estate investment, and its area should not exceed 30 hectares, in all Turkish regions.
8. The future real estate investment in Turkey must ensure the technical condition of the property if it is old and in need of many maintenance operations or if it is in good condition.
9. There is an important step that must be taken into consideration. If you want to invest in real estate in Turkey, you must look for the right real estate agent.

How to protect your real estate investment in Turkey from failure

Do not pay the full price of the property before completing the construction process and receiving the property with the seller at the notary public.
2. Make sure to make a visit to the construction site by the owner or the real estate consultant responsible for the purchase procedures.
3. Appointing an architect to follow up on the conformity of the property specifications that were agreed upon during the purchase process on the plan.
4. Do not hesitate to request the amendment of the defect discovered in the property immediately before receiving it, if any, and this is the right of the buyer, as it violates the terms of the agreement in terms of the property's assets.
5. Hiring a specialized lawyer to follow up the legal procedures and submit the necessary papers and documents, explaining the methods of purchasing and concluding contracts, and the method of paying financial obligations, if any.
6. Not to sign any contract between you and the seller before inspecting and reviewing the property.
7. You must verify the identity of the person you are dealing with officially.
8. You must make sure that the real estate broker you are dealing with is a real estate agent officially authorized to work.
9. Obtaining a real estate appraisal document: The Turkish government has imposed a real estate appraisal document on any purchase or sale, as the real estate appraisal is a detailed report on the status of the property to be sold and presents the price of the intended property in the real estate market, and this report is issued by Licensed companies specialized in valuing real estate in Turkey. This permit is issued within about a week after the seller submits the application to the competent company. This document is valid for three months from the date of its issuance.
10. Study the location of the property:
Where it is preferable to be in the city center or in areas close to vital and service centers, it is necessary to stay completely away from real estate located within remote or extreme areas far from hospitals, schools, universities and transportation lines.
At the same time, there is a unique opportunity for real estate investment in remote areas. Those areas in this city have recently witnessed a wide real estate and urban renaissance, and many luxury residential complexes have been built for those who desire it.
11. Avoid buying an old-built home:
Naturally, the buyer's attention will be attracted to the lowest-priced real estate offers. Generally, the old-built properties are considered low-priced compared to the newly built properties, and the reason for this is their old architectural style and less developed and modern specifications, and there is also a difference in the materials used in construction, as the old houses are not of high quality as the modern ones in Whereas, if you want a profitable real estate investment, you should choose promising new properties close to the most important vital facilities and development projects.
12. Preparing the appropriate budget for buying a property in Turkey:
Turkey offers a wide range of wonderful real estate projects that fit the budget of a person looking for a home in Turkey, whatever his budget. In addition to new projects in many popular neighborhoods in the city, urban transformation projects provide good investment opportunities to buy real estate in Turkey.
13. Obtaining a tax number for the real estate from the concerned tax department.
14. Attached to the initial contract is the title deed of the real estate and is in the name of the owner who signed the contract or his official representative.
15. In addition to a copy of the project building permit, two personal photos of the buyer, a translated and certified copy of the buyer's passport and a copy of the seller's identity card. Part of the value of the property is paid as a deposit to reserve the property.
16. Communicate with the Land Registry Office, to ensure that the property you are considering buying is legal and that the deed does not contain any fines or outstanding debts, which is a block on ownership.
17. Obtaining “housing” or a certificate of habitability if the house is habitable and built in accordance with building codes and earthquake regulations
18. Tracking sources of disturbance from the vicinity of the project before purchasing.

Return on real estate investment in Turkey

The return on investment is defined as the ratio of the profit earned by the investor to the total cost after excluding all the costs associated with the investment process, It is these costs that directly affect the calculation of the rate of return, as it includes the costs of maintenance, repair, rehabilitation, modern designs and all additions and accessories, in addition to a very important aspect, which is whether the purchase is financed directly or indirectly through loans, where the interest rate intervenes, and in all cases and in In light of all the fluctuations that any economy in the world is exposed to, real estate investment, especially in Turkey, remains fast recovering and reaps huge profits for investors in this sector, regardless of the type of investment in the commercial or residential field, You can easily notice the huge volume of real estate sales and purchases, as well as the large number of economic, commercial and residential projects in Turkey with the availability of appropriate conditions, from the infrastructure to the transportation network, to the various geographical locations in the heart of the city or in the suburbs, depending on the type of project. These projects are accomplished by huge companies. It is ancient and well-known globally and we will talk about it in this article.
Indeed, "capital is a coward" and is always looking for a nurturing and safe environment that undertakes to nurture and develop it, and it will not find a better haven and refuge than the Turkish environment, as its geographical location extends over the continents of Europe and Asia, which includes all the corners of the charming nature from mountains to seas to plains and valleys, and what do we talk about the rivers and the scenic landscapes, which in general constitute a fertile investment soil and an effective attraction for investors from all over the world, which in turn constitutes a speculative factor that guarantees great profits, By following the previous instructions, you will have an idea of how to protect your real estate investment in Turkey from failure due to the advantages that real estate investment enjoys, so why not make you a share - dear investor - of these hidden treasures and be a contributor to real estate investment in Turkey, which is a clean investment because it includes Less number of investment rings and thus a reason for huge profits return on this type of investment.

How to protect your real estate investment in Turkey from failure

Table Of Content

Factors for the success of real estate investment in Turkey

How to protect your real estate investment in Turkey from failure

Return on real estate investment in Turkey

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