Important steps for real estate investment in Turkey 2022

Steady and correct steps give you self-confidence that you are on the right path and that you, as an investor, put your money in the right crucible. The process of real estate investment in Turkey is not arbitrary, and the return on investment resulting from it is based on scientific foundations, so we decided in this article to list important steps for real estate investment in Turkey.

Important steps for real estate investment in Turkey 2022

1 - Determine the goal of real estate investment in Turkey:

This step helps you a lot in choosing the right property and investing your money in the right way. Do you want to buy the property in order to obtain a real estate residency? Or in order to obtain Turkish citizenship? Or in order to rent it or resell it and take advantage of the price differences as a profit margin and other important investment options.

2 - Choosing the right real estate broker in your direction of real estate investment in Turkey:

The real estate broker is one of the real estate companies known for its authenticity and integrity to deal with, which provides you with many services from the moment you arrive in Turkey until buying the property and registering it in your name, then enabling you to obtain real estate advice from experts and specialists in the field of real estate in Turkey, There are also a number of lawyers who follow all legal procedures and are keen to preserve your rights and ensure that you are not subjected to embezzlement or deception.

3 - Inspect the property you have chosen for real estate investment in Turkey:

Do not rely on the real estate broker, even if he is honest, and do not be satisfied with the specifications mentioned on the websites, but be very careful to visit the real estate site to ensure that all the specifications agreed upon between you and the owner are available, thus guaranteeing your rights and protecting your money from waste.

4 - Negotiating the property price for real estate investment in Turkey:

It is necessary to continue to search for the most appropriate price for the property in line with your financial capabilities as well as the specifications of the property, which means that you resort to negotiating the price of the property and the terms of sale. This step occurs once you have chosen the property and most expatriates will use a real estate agent if they are not familiar with the area and at this stage your lawyer will Examine the ownership papers and look at the required documents and proofs.

5 - Obtaining a tax number for the buyer from the relevant tax department:

One of the important things that the process of buying a property without it is not right is to extract the tax number 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 a Turkish citizenship.

6 - Opening an account in one of the banks that have agreements with Middle Eastern banks

As it is necessary to open a bank account in a Turkish bank in order to transfer funds to it from the buyer's country of origin, as it is required that the purchase be made through banks exclusively.

7- Signing the contract

After doing all the previous steps, the most important step comes, which is to sign the purchase contract between the buyer and the real estate company. This contract is drawn up in both Turkish and the buyer’s native language, and then a deposit of 5 to 10 percent of the property value is paid to the real estate company, and that is In return for the seizure of the property pending the issuance of the title deed, i.e. the tapu.
8 - Completion of some important identification documents
Such as the title deed of the property and is in the name of the owner who signed the contract or his official representative, 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 for the reservation of the property.
9 - Waiting for the procedures that take approximately two months to register the property, due to sending the documents to the affiliated security departments to obtain the security approval.
10 - The title deed and the key are duly delivered after signing the contract in the presence of the real estate consultant from the real estate company if it is the mediator, and the rest of the real estate value has been transferred or delivered:
At this stage of buying real estate in Istanbul, your lawyer will participate in this process to make sure that the property does not have any debts and that all legal papers are ready, so your lawyer will start the process of applying for title deeds.

Advantages of real estate investment in Turkey

The advantages of real estate investment in Turkey are among the encouraging factors for investing investors’ money to mitigate the element of risk associated with the investment process, and we will list some of these features to encourage you, dear investor, to invest in real estate in Turkey:
1. The size of the purchasing power invested in the Turkish real estate market. Approximately $15 billion is pumped annually into real estate investment in Turkey.
2. The stimulating legislative and legal environment legislated by the Turkish government, which guarantees the rights of the owners and investors and gives them encouraging advantages such as residence and citizenship.
3. The unique natural atmosphere that Turkey enjoys in all its regions makes it a destination for many investors from all over the world.
4. Real estate investment, in general, is considered one of the secured investments with the lowest risk rate that encounters other types of investment.
5. Turkish real estate investment is witnessing remarkable growth at the global level due to the availability of the appropriate environment and the availability of factors for the success of real estate investment in Turkey.
6. The Turkish government has established an Investment Support Agency backed by a 12-language website to address investors from all over the world and attract them to invest.
7. In general, there are no restrictions on those coming to real estate investment in Turkey. On the contrary, the Turkish government grants many facilities and stimulating measures such as tax exemption and reductions in customs duties, leading to exemption from them.
8. The Turkish government has provided investors with the opportunity to open branch offices for international investment companies, whether these companies are real estate or otherwise, provided that they are linked to the main company.
It is very important to take into account the details of the investment process in the Turkish real estate market so that this process will yield profits by following the important steps we mentioned for real estate investment in Turkey.

Important steps for real estate investment in Turkey 2022

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