The benefits of buying a property in Turkey are many, and this is exactly what made the Turkish real estate sector the first choice for everyone who wants to get a suitable opportunity, whether in terms of real estate investment or for those looking for high-end housing and stability, and given the importance of this topic, we chose to highlight the most important details and information that related to it.
What are the benefits of buying a property in Turkey?
Buying a property in Turkey is a tempting opportunity for many foreign investors, as it provides them with an opportunity to invest in a country with a fast-growing economy and political and social stability as buying a property in Turkey provides a guaranteed, stable and continuous monthly financial return, in addition to obtaining a real estate residence permit that allows the investor to reside in Turkey in a legal and comfortable way, in addition, Turkey's warm climate and wonderful beach provide the investor with an opportunity to relax and enjoy luxury and health and therefore, Turkey is an attractive destination for anyone wishing to obtain Turkish citizenship and residency, and therefore finds full support from the Turkish government.
How to buy real estate in Turkey?
The process of buying real estate in Turkey involves a set of necessary procedures that must be followed carefully, since Turkey is witnessing a rapid growth in the real estate sector, so attention to the safety and validity of these deals has become an urgent necessity, and this matter begins with a careful search for the property to be purchased and to ensure its safety and the availability of all necessary certificates, after which the purchase contract can be concluded, followed by the procedures for transferring ownership and extracting the tax number of the buyer, and it requires booking an appointment at the Real Estate Registry Directorate and the Land Registry Department to confirm the completion of all necessary procedures.
Papers required to buy a property in Turkey:
A foreigner wishing to buy a property in Turkey needs a valid passport and the tax number is extracted from the Turkish Tax Department and after booking the property, the investor, accompanied by the real estate agent, proceeds to the stage of preparing the necessary papers and documents, among these documents: the identity card for the Turkish, or the passport for the non-Turkish, with a certificate of translation of the passport into the Turkish language certified by the notary.
The foreign currency must also be sold to the Central Bank of Turkey and the value of the property must be transferred as purchasing the property also requires booking an appointment at the Real Estate Registry Directorate to complete the ownership transfer procedures as all official procedures must be completed and the necessary papers and documents must be collected in accordance with Turkish laws and legislation.
Problems when buying real estate in Turkey
Turkey has recently witnessed a great increase in interest in buying real estate for investment and personal use; however, many investors are exposed to major problems when buying real estate in Turkey. Investors must pay attention to the fluctuation of the exchange rate of the lira and its value, as well as check the property and its documents well before purchasing as real estate fraud should also be avoided, and the property should not be sold for more than the real price.
It is advised to think carefully before purchasing and to check all legal and contractual aspects before paying and to ensure the smooth running of the real estate purchase process in Turkey, help can be obtained from an experienced and reputable lawyer or real estate agent.
The best cities for owning real estate in Turkey
Many investors are looking for the best Turkish cities for ownership and real estate investment, and Istanbul and Ankara are the best cities for this purpose. Istanbul is distinguished as the largest city in Turkey and includes many elegant and distinguished neighborhoods that provide various types of real estate, including villas and apartments for sale and rent.
While Ankara is considered the second city in Turkey in terms of real estate investment and is characterized by the fact that it includes many vital projects that attract investors at the local and global levels as these cities are also characterized by their developed urban structure and the tourist and economic potentials available in them and therefore, investors are advised to go to these cities to ensure successful investment in real estate in Turkey.
Are real estate prices in Turkey high?
According to real data, real estate prices in Turkey are witnessing a significant increase in the recent period, and Istanbul tops the list of global real estate markets in the rise of prices and penthouses and duplexes are among the luxurious Turkish properties that have high tourism and leisure advantages, and they result in a high price.
Although there is a large scope for buying real estate in Turkey, and accordingly, the prices in it are not fixed in one case, and there is no single standard for all real estate and regions, and therefore, people tend to buy and sell, and many seek to obtain a property, whether it is for housing or investment.
The best time to buy Turkish apartments and real estate:
The verified opinions and previous analyzes show that the current period is the best time to buy a property in Turkey, as a result of the discounts and special offers on the last apartments in some real estate projects.
In addition to the rise and increase in Turkish real estate, which makes it an ideal investment option as it is noticeable that spring and summer are two popular periods for buying real estate in Turkey, while winter is the appropriate period to search for the right property and prepare to buy it and therefore, real estate investors in Turkey and those looking for apartments for sale in Istanbul should take advantage of the opportunity of the upcoming spring and start studying and analyzing the Turkish real estate market to invest in the best ways and the most appropriate days of purchase.
Real estate offers for sale in Turkey in installments:
The advantages of buying a property in installments in Turkey include many important features, and the most important of these features is the provision of psychological and economic comfort, where the investor can pay the value of the desired property in an easier and more flexible way, and this method also helps to own a distinguished property in a country that is considered very developed as is the case in Turkey and as the law in force in Turkey allows foreigners to own real estate in installments, without any restrictions preventing ownership in this way, and there is no limit to the amount, which makes it an ideal opportunity for those who wish to invest or enter the Turkish sector in general.
The best offers for buying Turkish real estate, we are keen to present it to you at Zoom Real Estate Company as whenever you want to be one of the pioneers of this market, do not hesitate to contact us so that we can accompany you on your journey to get the best results that you want to reach.
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