When it comes to buying a home abroad, many questions arise that need to be answered and if you are thinking of buying a house in Turkey, you may find yourself very desperate that you do not know the right questions to ask to ensure that you do not deal with any bad surprises, so we have looked at some important questions that you should ask before real estate investment in Turkish real estate.
Find out the most important questions about buying a house in Turkey:
The following are the most frequently asked questions among investors wishing to invest in Turkey:
What are the legal documents required to buy a property in Turkey?
Obtaining the necessary legal documents to buy a property in Turkey is a crucial and important step in preserving the integrity of the transaction and avoiding potential problems and the Turkish law requires the purchase of real estate a set of documents that include a copy of the passport, tax number, and 4 personal photos.
The property should also be registered with the Land Registry Directorate and obtain an official ownership document (TAPU), which specifies the location, address and coordinates of the property, which is required in order to obtain real estate residence in Turkey and the buyer must keep all official documents and periodically acknowledge the property revenues to the appropriate authorities in order for them to be properly recorded.
Is it necessary to obtain a residence permit before purchasing a property?
Obtaining a residence permit is a prerequisite for foreigners wishing to buy a property in Turkey, as it can only be obtained by owning a specific property in the country and therefore, buying a property in Turkey requires obtaining a residence permit at a later time after purchasing the property.
Moreover, buyers should review the legal documents necessary to purchase the property, including the title deed, which is issued by the Land Registry Directorate, which is one of the important official papers for obtaining a property residency in Turkey.
What is the bank transfer method used to buy real estate in Turkey?
Transfer methods vary according to the available banks and financial services, so you must research well and verify reliable sources before making a final decision and investors can use international transfers and credit cards to make payments, as well as some online financial services that provide quick and easy options.
Real estate investment experts in Turkey recommend checking the transfer fees, their sources, and the necessary procedures to complete the process successfully, and do not forget that transfers in Turkey need some time to take place, so the purchase must be planned in advance to avoid any unexpected delays.
Do foreigners have the right to own real estate in Turkey?
The answer to this question can be yes, as foreigners have the right to buy real estate in Turkey under Turkish law, and Parliament passed the law that encourages foreigners to own real estate in the country, and allows foreigners to own up to 70% of the real estate value.
Foreign buyers must abide by certain conditions, such as not buying real estate in security or military areas and the law also provides for the required tax levels for foreigners who wish to own real estate on the territory of the Republic of Turkey.
What are the elements of success and excellence in real estate investment in Turkey?
With the increasing demand for real estate investment in Turkey, knowing the basic elements of success and excellence in this field is essential and in addition to economic and political factors, the quality of real estate and its location are key elements in the success of real estate investment on the territory of the Republic of Turkey, and obtaining a real estate appraisal report and seeing the opinions of experts in this field should not be overlooked and it is also important to obtain the necessary legal documents and complete the procedures properly.
Another factor that guarantees success and distinction in real estate investment in Turkey is the ability to expand the network of social and commercial relations, and the investor must enjoy understanding and good communication with the local population and government agencies.
What are the steps to buying a house in Turkey?
Buying a house in Turkey is a simple task, as the Turkish government has greatly simplified the process, so the important steps include determining the available budget for buying the property and determining the appropriate geographical location, after that you must check the legal documents required to buy the property and make sure that they are correct and reliable and the buyer must obtain the real estate appraisal report and check for any indication that the property has unpaid debts or legal problems, in the end, the bank transfer method used to purchase the property must be checked and see if it complies with the specified requirements.
What are the types of houses in Turkey?
As is well known, the Turkish real estate market is characterized by its wide diversity, where buyers can choose apartments in luxury residential complexes that provide all modern services and facilities, in addition to buying luxury villas approved with the latest architectural designs.
In addition, there are also industrial properties that can be successfully invested in, homes in rural and suburban neighborhoods and cold northern regions and buyers can also choose between centrally located apartments in the center of cities or live in quiet locations on the outskirts.
What nationalities are prohibited from buying a house in Turkey?
- Syrian nationality
- North Korean nationality.
- Cuban nationality.
- Cypriot nationality.
- Armenian nationality.
Which is better, buying a house in Turkey or buying a villa?
When investors decide to buy a house in Turkey, they ask about the best option between buying a house or a villa and in fact, this choice depends on the main purpose of the investment, if the investor wants to invest in real estate as an investment process, then buying the property is the best option because it is cheaper in price and provides an opportunity to obtain a good financial return.
And if the investor wants to buy a wonderful place for residence or recreation, then buying a villa provides luxury and privacy at a higher price and regardless of the option chosen, it is essential to research the property that matches the investor's needs and budget.
Notes before buying a property in Turkey:
Everyone who wants to buy a property in Turkey should pay attention to some important notes, including:
- Ensure that the property is legally placed before purchasing, and not to buy an unlicensed house.
- It is advised to submit a real estate appraisal report to determine the true value of the property and avoid fraud.
- It is essential to rely on a real estate agent known for credibility and experience in this field.
- Obtain the required legal documents.
- You should also be aware of the procedures used to complete the purchase of the property in the Land Registry Department and the bank transfer used.
Common questions:
Is it possible to obtain Turkish citizenship by buying a house?
Of course, any investor in Turkey can obtain Turkish citizenship by buying a house worth $400,000 and pledging not to sell for 3 years.
How can I obtain real estate residence by buying a house in Turkey?
Real estate residence permit in Turkey can be obtained by purchasing a house worth $75,000.
Is it recommended to buy a house in Turkey?
Certainly, especially since Turkey is one of the cities that witnessed tremendous growth in the real estate sector, so real estate investment in Turkey is a profitable investment opportunity.
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