mistakes made by customers of the properties in Turkey

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mistakes made by customers of the properties in Turkey

The most prominent mistakes made by real estate buyers in Turkey

mistakes made by customers of the properties in Turkey
08th November 2022
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There is no doubt that the step of owning real estate in Turkey is 100% safe and hassle-free and from the many negatives that you may encounter in other countries around the world, and despite all that there are many mistakes that the buyer may sometimes make, and this is what prompted us in this article to We talk about the most important of them, as well as many other important aspects in this regard.

 

Mistakes you should not make when buying a property in Turkey

If you want to search for real estate  for sale in Turkey, there is a lot of information that you should be aware of in order to ensure that your step is sound and far from mistakes that may lead you to financial losses that result from your lack of previous experience:

- One of the biggest mistakes real estate buyers make is not doing their research properly. It is important to do a thorough research of the Turkish real estate market before making any decisions as this includes things like understanding the different types of real estate available, and learning about the legal process involved in buying real estate, And get an idea of ​​the prices in different regions.

- Another mistake many real estate buyers make is not hiring a lawyer. While it is possible to buy real estate, such an adventure is not recommended. A lawyer can help you navigate the legal process related to buying real estate, and can also advise on things like negotiate prices and contracts.

- If you need a mortgage to buy your property, it is important that you get pre-approved before looking at properties as this will give you an idea of ​​how much you can afford and help narrow your search without having to waste a lot of time on random or unorganized searches.

- When buying a property in Turkey, one of the most common mistakes buyers make is not checking the legal status of the property as this can lead to a number of problems, including the inability to obtain a mortgage or sell the property in the future.

The best way to avoid this mistake is to hire a reputable real estate agent who can help you verify the legal status of any property you are interested in and guide you through all the subsequent steps.

 

What are the advantages of buying real estate in Turkey in your opinion?

Here are some of the many reasons why investing in Turkish real estate is a smart move:

- The Turkish economy has experienced rapid growth in recent years, and this trend is expected to continue in the coming years as this economic growth is good news for investors and squatter buyers alike, as it means that the value of real estate is likely to continue to rise and thus this is a signal to benefit with profits a lot.

- Turkey is one of the most beautiful countries in the world, and it has a lot to offer to investors and home buyers alike. From its stunning beaches and turquoise waters to its lush mountains and valleys, Turkey is truly a paradise for those who love nature.

- Turkey has become the number one real estate investment destination in recent years and it is not hard to see why: the country offers a great climate, stunning landscapes and a wide range of properties to choose from.

- Real estate prices in Turkey are still relatively low compared to other countries in Europe, so you can get much more for your money than you would anywhere else.

 

Documents required to buy real estate in Turkey

If you want to buy a property in Turkey, there are some documents you will need to do so and here is a quick summary of what you will need:

  1. A valid passport.
  2. Turkish visa.
  3. Tax number.
  4. A Turkish bank account.
  5. Proof of income.
  6. Notarized power of attorney (if you are not physically located in Turkey during the purchase process).

 

Conditions for foreigners buying real estate in Turkey

Based on the real estate ownership law in Turkey, foreigners are allowed to buy real estate provided that the mentioned real estate is not located in security or military areas, or in adjacent or close to military areas. In addition, the percentage of foreign ownership in a particular administrative region must not exceed 10% . These regulations were put in place in order to protect the interests of local and foreign investors in the Turkish real estate market and despite these restrictions, buying property in Turkey as a foreigner is still a viable option for those looking to invest in the country.

Add to your information that the share of every foreigner who wants to buy a property in Turkey is only 30 hectares in various parts of it, and this applies to everyone without exception.

 

Reasons for the great demand for Istanbul real estate

The most important reason for the high demand for real estate in Istanbul is due to the increasing popularity of the city as a destination for both local and foreign investors as it has a lot to offer to investors, including a strong economy, a central location within Turkey, and a rich cultural heritage. All these factors have contributed to making Istanbul one of the most desirable places to invest in real estate in Turkey.

Another reason for the high demand for real estate in Istanbul is the limited supply of available properties, the city has experienced rapid population growth in recent years, but the number of new homes being built has not kept pace with this growth and this has created a situation where the number of potential buyers is greater than the number of properties available.

 

 

Importance of buying real estate in Antalya

The great demand for real estate in Antalya is due to a number of factors, including the city's growing popularity as a tourist destination, its convenient location, and the wide range of new real estate projects, all of which have contributed to making it one of the most desirable places to live and settle.

 

Advantages of buying real estate in Bursa

There are many reasons for the great demand for real estate in Bursa, including the increasing desire to live and settle in this beautiful city, in addition to the presence of thousands of tourists and visitors who come to enjoy its many attractions.

 

These are the most important details that you are interested in when searching for real estate for sale in Turkey, and if you have more questions, do not hesitate before contacting our real estate consultant, who will inform you of all the important information.

Buying real estate in Turkey through Binaa Real Estate saves you a lot of time, as our relations with the most important construction companies provide you with exclusive and distinctive offers and appropriate prices.

 

Services Binaa Real Estate is proud to provide to its clients:


Apartments for sale in Istanbul suitable for obtaining Turkish citizenship.
-Exclusive offers and properties considered the best in the Turkish real estate market.
Real estate prices are studied and guaranteed.
- Ensure the smooth running of the property purchase process and take care of all the arrangements.
Marketing your property and selecting distinguished clients.
An integrated team of experts to answer any questions about a successful real estate investment journey in Turkey, just contact us.

 

Related articles :
The guide of real estate investment in Turkey 2022
Latest updates on Turkish citizenship and real estate residence
Luxury apartments for sale in Istanbul
How to obtain a Turkish passport?
The journey of looking for apartments for sale in Istanbul
Houses for sale in Turkey in installments
Villas for sale in Istanbul
Best offers for apartments for sale in Turkey 2022
How to obtain Turkish citizenship by real estate investment?
Steps to buying an apartment in Istanbul
Tourist Residency and Real Estate Residency in Turkey
The best real estate investment areas in Istanbul
#Binaa_investment    #real_estate   #Turkish_citizenship
#Istanbul_apartments    #real_estate_investment

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