What are your goals of buying a property in Turkey?

When you are thinking of buying a property in Turkey, you must set your goals carefully and different goals require different plans and strategies, and influence the choices you make and the decisions you make and in this article, the editorial team at Binaa Real Estate Company will shed light on many important details related to this topic.

Why buy a property in Turkey?

If you are looking for a property for investment, your goals should include obtaining a good return on investment and in this case, you should consider the expected returns of the property and the factors that affect its value in the future and you should also study the area in which you wish to invest, and identify emerging real estate markets and places that are expected to witness an increase in demand for real estate.

If you want to buy property for personal use, your goals will differ and in this case, you should consider the location, space, design and services available in the area and you must also determine how close the property is to the places you need, such as schools, hospitals, and commercial centers.

If you want to buy a property to obtain Turkish citizenship in Turkey, your goals will also differ and in this case, you should consider the conditions for obtaining permanent residence, the required papers and the procedures that must be followed and you must also specify the area in which you wish to reside and the appropriate real estate markets for that.

Ultimately, you must carefully define your goals and choose the property that matches them and the importance of research, analysis and planning cannot be stressed enough, as these steps are the key to closing a successful deal and reaching your goals smoothly.

Ways to search for real estate for sale in Turkey

1- Real estate websites available on the Internet can be used to search for properties available for sale in Turkey and these sites provide a wide range of different options, where investors can browse pictures and details of real estate and communicate with the owners.

2- Investors can contact local real estate brokers in Turkey to get their assistance in searching for suitable properties and brokers can provide a wide range of different options and help with the purchase and registration procedures.

3- Investors can check ads, as these ads can be very useful in searching for properties available for sale and these advertisements provide an opportunity to communicate directly with real estate owners without the need for intermediaries.

4- Investors can roam around the different regions in Turkey and search for properties available for sale and this may help them discover new options that are not available on real estate websites.

Important notes when buying a property in Turkey

We will take a look at some of the notes that you should consider when buying a property in Turkey.

1- Dealing with a reliable real estate broker

It may be tempting to deal with unreliable real estate agencies to save some money, but this can lead to major problems in the future and therefore, it is better to deal with a reliable and reputable real estate broker, as they can provide the necessary advice and help make the purchase process go smoothly.

2- Checking the condition of the property

It is important to obtain a technical report on the condition of the property before making the purchase, as this report can help identify any problems in the property and avoid falling into the trap of buying a property that needs major repairs.

3- Understanding the purchase laws in Turkey

Purchasing laws in Turkey differ from those in other countries, so you must ensure that you understand all the procedures and requirements required to successfully complete the purchase process and it must be ensured that all necessary papers and documents are available and are properly completed.

4- Ensure that the owner is fit to sell the property

You must make sure that the owner has the right to sell the property, as this uncertainty can lead to major problems in the future and all documents and papers required to prove the owner's eligibility to sell the property must be verified.

5- Review the contract carefully

All clauses of the contract must be read carefully and ensure that they are properly understood before signing the contract and the contract must include all details related to the purchase, including the purchase price, additional expenses and specifications of the property.

6- Negotiating the purchase price

The purchase price should be negotiated before the contract is signed, as this can improve the value of the deal and the negotiation should be done fairly by talking to a trusted real estate broker and getting proper advice.

7- Reviewing the tax law

The tax law in Turkey must be reviewed to determine the expenses and taxes required when buying a property in Turkey and this must be done before making a purchase so that you are not surprised at any additional expenses.

8- Ensure the validity of papers and documents

You must ensure that all legally required papers and documents are valid, as invalidity of these papers may lead to the invalidity of the purchase process and all papers and documents must be validated before making the purchase.

9- Verifying housing records

You must check the housing records in Turkey to determine if there are any other problems related to the property and you must check the housing records and make sure that there are no other legal problems.

10- Choosing the appropriate site

You must choose the appropriate location to buy the property, as this affects the value of the transaction and you must choose a safe and quiet area with a good investment value.

Common questions:

1. What are the main reasons that drive people to buy a property in Turkey?

- Provides good investment opportunities in the Turkish real estate market.

- Flexible and encouraging property and investment laws in Turkey.

- Turkey's distinguished location as a bridge between Europe and Asia, which makes it a magnet for business and travel.

2. Is it possible to buy a property in Turkey legally as a foreigner?

- Yes, foreigners are legally entitled to buy real estate in Turkey.

- This requires the completion of some administrative and legal procedures, such as obtaining an investment license from the Turkish Ministry of Trade.

3. What are the most important Turkish cities in which real estate is purchased?

- Istanbul: Winner of the Best Real Estate Investment City in the World Award for 2019.

- Antalya: It is distinguished by its mild climate and wonderful beaches, and it is a popular tourist destination.

Bodrum: It is famous for its stunning scenery and thriving nightlife, and it attracts many investors.

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