Problems received when purchasing a property in Turkey

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Problems received when purchasing a property in Turkey

You may intercept some problems when a real estate in Turkey, get to know it

Problems received when purchasing a property in Turkey
01st March 2023
  • 1078

 

It is well known that Turkey has become in recent years an observatory for foreign investors, especially Arabs wishing to invest in real estate in the Turkish real estate sector. There is no doubt that there are many investors who may face some problems, and it is a natural matter resulting from neglecting some advice and instructions, so in this article we will By highlighting the most important problems when buying a property in Turkey, how to find smart solutions to avoid falling into trouble or even a scam or fraud, and how to succeed in the real estate investment process and access your future property.

What are the problems when buying a property in Turkey?

As long as you have arrived here, you are definitely an investor wanting to buy a property in Turkey, so we have provided you with some common problems among investors to avoid falling into them.

 

 

Real estate fraud and dealing with unreliable companies

It is one of the most prominent problems that occur during the purchase of real estate in Turkey, as some commercial deceivers, and some companies that do not enjoy credibility and confidence in the field of real estate investment in the Turkish real estate market, take advantage of the lack of experience of those wishing to buy a property in Turkey, and their insufficient knowledge of it. The real estate market in Turkey and the prevailing customs in buying and selling, the following are the most prominent methods of real estate fraud:

  1. Impersonating the owner of the property.
  2. That the sold property be seized or mortgaged.
  3. Selling a property for more than the real price.
  4. Selling the property that is not suitable for obtaining Turkish citizenship according to Turkish law.

 

Unfamiliarity with the purchase steps

Some investors wishing to buy real estate in Turkey may not know what the purchase steps are. Here is a summary of the most important purchase steps:

  1. Determine your purpose of buying a property in Turkey, is it a residential or commercial goal, is it with the aim of real estate investment in Turkey or obtaining Turkish citizenship.
  2. Determine your budget that best suits your needs.
  3. Determine the geographical location and specifications of the property to be purchased.
  4. Seeking the help of a real estate agent or guaranteed and reliable real estate companies, to avoid falling into real estate fraud.
  5. Carrying out real estate tours on the ground, with the aim of inspecting all the real estate offered for sale in front of you.
  6. Negotiating real estate prices in Turkey.
  7. Provide the price of the property and provide a deposit.
  8. Preparing all the documents required to buy a property in Turkey.
  9. Receipt of the title deed or what is known as the tapu.
  10. Furnishing the property and opening various bills.

 

Lack of knowledge of the required papers and documents

It is one of the most common problems among investors wishing to buy real estate in Turkey, so we have provided you with the necessary papers and documents when investing in real estate in Turkey:

  1. Bring the original copy of the valid passport, in addition to a copy translated into Turkish and certified by a notary in Turkey.
  2. A personal photo of the seller and two photos of the buyer with a biometric white background.
  3. The real estate appraisal paper, which is extracted from the Land Registry Department in Turkey.
  4. Earthquake insurance policy.
  5. Extract the tax number.

In the event that you want to buy a property in Turkey with the aim of obtaining Turkish citizenship, you must be familiar with the papers necessary to obtain Turkish citizenship. The following are the required documents:

  1. Real estate appraisal document.
  2. A copy of the property title deed.
  3. A copy of the passport translated into Turkish and notarized by the notary.
  4. Submit 2 personal photos of each of the applicant, his wife and children.
  5. Turkish citizenship application form.
  6. The criminal record is free of any crimes.
  7. A receipt paid for the full amount of the property, stamped by the bank.
  8. Family book or family registry statement translated and certified by a notary.
  9. Receipt of receipt from the previous property owner.

 

Ignorance of the necessary instructions before purchasing the property

Some investors may be unaware of some of the necessary instructions before purchasing a property in Turkey, so we have provided you with some advice through the following points:

  1. Ensure that the area and specifications contained in the title deed correspond to the actual shape of the property.
  2. Verify seller eligibility.
  3. Obtaining a copy of the property ownership contract to ensure that its previous owner did not transfer any form of ownership.
  4. Do not forget to visit the property's website and ensure its validity and suitability for housing use.
  5. You must ensure that there are no taxes owed by the property owner.
  6. Ensure that there is no other owner or buyer of the property.
  7. Ensure that there is no tenant in the property in question, and if there is, confirm the expiration date of the contract.

 

The exchange rate of the lira fluctuated against the dollar

The instability in the exchange rates of the Turkish lira is one of the most common problems that investors face when buying a property in Turkey, as the Turkish lira has witnessed, since the crisis fabricated by the United States of America in 2018, fluctuations in its exchange value and its trading movement against the major currencies.



In addition, the diversity of the Turkish economy contributed to its remaining strong in the face of crises compared to economies that collapsed in times of distress. However, Turkey's economy returns to its usual movement in a short period and recovers at all levels.

 

 

Solutions to problems when buying a property in Turkey

To avoid problems when buying a property in Turkey, you must follow the following points:

  1. Use reliable real estate companies, with a good and benign reputation, and contact their former customers, and do not be satisfied with comments.
  2. Never buy a property without a reliable real estate brokerage.
  3. Seeking help from a real estate expert during your legal and administrative steps.
  4. Ask the real estate expert about everything and inquire about every point until you clarify all your questions.
  5. Hiring a lawyer who is fluent in the Turkish language to facilitate the procedures of the purchase process.



In conclusion, we tried to get acquainted with the problems when buying a property in Turkey. You can now directly invest in real estate in Turkey by communicating with our specialized advisors to help you find a property suitable for your budget and needs. Do not forget to visit our website to find out more information related to how to obtain Turkish citizenship by purchasing a property.



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
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