Guide to real estate ownership in Turkey
The process of buying a property in Turkey is an important process and you need many steps with careful attention to all the details to get things done to the fullest and to prevent any problems or complications that may harm you in the future.
There is no doubt that buying a home in Turkey has become the dream of many nowadays, but where do you start? And what should you do to achieve this?
Well, you have reached the right place because today in our article this article will cover everything that interests you and need for the process of owning a property in Rakia, and we will list the steps for you in detail from A to Z so stay with us and pay close attention .. Here we have started ...
• Law on real estate ownership in Turkey by foreigners:
Years ago, specifically before 2011, the ownership of real estate by foreigners in Turkey was subject to the policy of reciprocity, due to the quality of relations between Turkey and the country to which the foreigner belongs, in other words, those who do not hold Turkish citizenship are allowed to own a property in Turkey only if it is Turks are allowed to do so in the foreigner's home country.
But this decision did not last, as in 2012 a new law was issued in which reciprocity was canceled and foreigners who did not hold Turkish citizenship were allowed to buy real estate, and this contributed to an increase in foreign investments within the country and strengthened the economic successes in Turkey and brought benefits to everyone. .
• Determine your goal of buying a property in Turkey:
Of the important and basic things that you should think about when buying a property, what would you like to do with this property? Is it intended for housing for you and your family? Or will you use it for rent? Or will you undertake a commercial project, for example? As this step is very important and essential to know the appropriate type and location, and among the most important reasons that push the investor to buy a property in Turkey:
Desire to obtain Turkish citizenship.
Traveling to Turkey and settling in with family.
Using the property for investment.
Keeping the property for summer and annual holidays.
Choose the right city:
There is no doubt that there are many cities that have become famous for their great importance, and of course, these cities will have higher prices than others and will have some features that differ from other cities and it is very important to think carefully before buying an apartment in Turkey to determine the appropriate city According to demand and need, and among the most important cities in which real estate investments have received great success: Istanbul, Ankara, Antalya, and Trabzon for reasons that vary from being a destination for tourists and its richness in historical areas and tourist attractions to its urban development and economic renaissance.
The papers and steps to be taken in the journey of buying a property in Turkey:
1. One of the most important points that must be clarified is that the buyer must personally come to Turkey in case he is residing abroad, to sign the contract, or he can delegate another person to do so legally.
2. Extracting the tax number from the real estate department in Turkey in order to facilitate the process of transferring the property to the buyer's ownership.
3. Issuing the real estate appraisal report, which has become necessary for any type of dealings, and this is done through a group of reliable companies mandated by the Turkish government.
4. Open according to a banker in a Turkish bank to transfer money to him when buying a property in Turkey.
5. A copy of the passport, translated into Turkish, and certified by a notary.
6. Colorful personal photos.
7. Going to the Land Registry Department to complete the contract and assign the property by the owner to the buyer, so that the property becomes in the name of the buyer within the government departments.
8. If the property is not ready yet, the title deed will not be delivered and registered in the name of the buyer until completion and the apartment is handed over to him.
9. Pay the tax incurred on buying the property, which amounts to 4% of its value, and it is shared equally between the seller and the buyer, meaning the owner pays 2% and the buyer pays 2%.
The importance of communicating with real estate companies:
The process of buying a house or real estate is not an easy thing and you need to be well informed and always aware of everything related to the real estate market in Turkey and to keep pace with all changes and this is what you cannot achieve no matter what you try, there will always be some details that may be absent from your mind despite Its importance and this is what illustrates the importance of consulting real estate companies, which will provide you with a lot of services according to your need, as it can provide you with the best deals with permanent offers and can find suitable apartments with the specifications you prefer without the need for a long and painstaking search, and it also provides you with advice Free real estate by the best real estate experts to ensure the feasibility of the property for the investment you want and also it provides you with the best lawyers in the field of real estate in order to follow government transactions and pay attention to contracts to ensure your rights and not to be deceived or cheated, so we recommend that you go to reliable real estate companies known for their honesty And its integrity to help you choose.
One of the obvious and self-evident things is that buying a property in Turkey provides you with many advantages that you will not find elsewhere, so do not think more and hurry to buy a home in Turkey and do not miss this unique experience!