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Important questions about owning real estate in Turkey
  • 14/10/2022
  • Investment in Turkey
  • 829

With the increase in the demand for owning real estate in Turkey, the questions raised by customers and everyone who wants to buy real estate and real estate investment, especially those who do not have previous knowledge or this was their first experience, in this article we will ask many questions and we will attach them with adequate answers, we wish you an enjoyable reading.

 

Find out the answers to the most important questions about real estate in Turkey:


If you have intended to buy real estate in Turkey, there are dozens of question marks that will appear in front of you, which you will need someone to explain to you. Below we put in your hands a helpful guide:


1 - What are the limits of foreign ownership of real estate in Turkey?


Turkey imposes a number of restrictions on foreign ownership of real estate as foreigners are not allowed to purchase land within 50 km of the border, there are also restrictions on the amount of land a foreigner can own which is a maximum of 30 hectares and in addition to this, foreigners must obtain permission from the Turkish government before buying real estate.


2 - What should be considered when buying a property in Turkey?


There are many beautiful areas in Turkey, but some locations may be more suitable for certain types of buyers than others. in the city.


3 - What are the most important notes when buying a property in Turkey?


Once you have found some properties that you like, it is important that you get in touch with a lawyer who specializes in real estate law in Turkey as they will be able to advise you on the best way to proceed with your purchase and will also be able to assist you with any legal issues that may arise during the process.


4 - What are the advantages of buying an apartment in installments in Turkey?


Advantages of buying real estate in installments in Turkey:

- You do not have to pay the full price up front.

- Many construction companies offer interest-free installment plans.

- You can acquire a property that is still under construction and pay for it over time.

- Real estate prices in Turkey are still relatively low compared to other countries.


5 - What is the importance of buying a property under construction in Turkey?


Some of the advantages of buying an off-plan property in Turkey is that you can often get a discounted price, it is a new property, so everything should be in good working order, the process is often easier than buying a ready-to-move-in property but you should be aware of the risks What is involved in buying a property under construction, such as the possibility that the project may not be completed on time or to your satisfaction, but in general it can be a good option if you are looking to buy a property in Turkey and do not have a high budget.


6 - What are the advantages of buying ready-to-move-in real estate in Turkey?


- There are many advantages to buying ready-to-move property in Turkey, one of the most important is that you do not have to wait for construction to be completed and this means that you can move in right away and start enjoying your new home.

- Another advantage is that you will often get a better price for a ready-to-move property than for a property that is still under construction sometimes because the developer has already paid for the land, construction and marketing, so they are more willing to negotiate the price.

- Finally, ready-made properties are often of better quality than those still under construction because builders have more time to perfect the construction process and make sure everything is in order.


7 - What are the advantages of buying real estate by paying cash in Turkey?


Some of the advantages of buying real estate for cash in Turkey are:

- You don't have to worry about paying your mortgage every month.

- You own the entire property and don't have to worry about losing it if you can't make the payments

 - Buying with cash can sometimes get a better price for the property and sometimes a higher discount can be obtained.


8 - What is the importance of buying real estate in Turkey in rural areas?


Some of the advantages of buying real estate in rural Turkey include:

- The cost of living is relatively low compared to western countries.

- Real estate is generally much cheaper than in cities, and land is also less expensive.

- There are many opportunities for outdoor activities such as hiking, fishing and hunting.

- The climate is mild, with hot summers and mild winters.


9 - What are the advantages of buying real estate in Turkish city centers?

 

Some of the advantages of buying property in Turkish city centers are your proximity to public transportation, shops and restaurants and property values in these areas tend to be higher than in other parts of the city, so your investment is likely to rise over time and there is also a greater range of types Real estate and their prices in city centers, so you can find what fits your budget and needs.


10 - Are there any problems you may encounter when buying real estate in Turkey?


- In this large and diverse real estate market, it may be difficult to find the right property in Turkey. There are thousands of agencies and websites offering properties for sale, and it may be difficult to know where to start your search.

- Another common problem that foreign buyers face is the language barrier. While many real estate agents in Turkey speak English, not all clients speak it and this can make it difficult to communicate your needs and desires and to understand the terms of the contract. It is important to have a clear understanding of the purchase process before signing on any documents.

- There are often hidden costs associated with buying real estate in Turkey, such as taxes, attorney or notary fees, and stamp duties. Make sure you are aware of all the potential costs before you begin the process.

- The most common problem foreign buyers face when buying a property in Turkey is incomplete or incorrect paperwork so be sure to check that all necessary paperwork is in order before signing any contracts.

- Another common problem is difficulties with transferring money from your home country to Turkey. This could be due to currency restrictions or banks' unwillingness to transfer large amounts of money. Make sure you do your research and plan in advance to avoid any problems.


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