Are you looking for a profitable real estate investment in Turkey? Do you want to buy a property in Turkey in order to get the Turkish citizenship? In this article, we have brought you everything you need to know about the steps of buying a real estate property in Turkey.
The demand of foreigners on the real estate market in Turkey is still at its peak.
Last year, there was a significant increase in the demand by foreigners to buy real estate properties in Turkey. The Iraqi nationals came on top of the list, followed by the Russians, the British, the Iranians, as well as several other nationalities looking for real estate investment in Turkey.
Many people who want to buy a property in Turkey are still wondering how to invest in real estate in Turkey in safe and legal ways, which will grant them a profitable investment and at the same time get them the Turkish citizenship.
Steps to buy a property in Turkey
1.Determine the purpose of buying a property in Turkey:
The goals of buying a property in Turkey differ from one investor to another. There are many available options in the Turkish real estate market that match all goals of people who want to invest in real estate in Turkey.
One of the most important steps of buying a property in Turkey is to determine your goal of buying this property. For instance, if you want to live in Turkey, you should be looking for residential projects in Turkey located in full-serviced central areas, or if you are looking for a place to just spend the summer in Turkey, you should look for summer vacation residential properties in Turkey such as Bodrum or Bursa.
2.Study the real estate market in Turkey
Every real estate market around the world has its own distinctive characteristics and well-known features. The case is no different when it comes to the real estate market in Turkey, hence one of the most important steps to buy a property in Turkey is to study the real estate market well and understand it in general.
Those who are wishing to buy a property in Turkey can study the the Turkish real estate market by communicating with a professional real estate consultancy company like ours that provides real estate investment services in Turkey or by keeping up with the news and reading articles published by real estate consultants in Turkey.
3.Choose a real estate agent in Turkey
Choosing a real estate agent in Turkey is a very important step when you want to buy a property in Turkey.
To avoid any fraud or legal issues, you must research well and focus on choosing one of the best real estate agents in Turkey. You can get to know this through the following important points:
-Making sure of the the legality of the real estate agent’s work through the company’s tax number in Turkey
-Visiting the real estate agent’s office in person
-Following up on the feedback and ratings of previous customers
4.Communicate with the real estate agent
The real estate agent in Turkey provides several means of communication available to those wishing to buy a property in Turkey.
Contact the company that is going to provide you with real estate investment services in Turkey and learn about the offers and investment opportunities that this company provides.
5.Visit Turkey
An important step to review what has been discussed with the real estate company in Turkey is to visit Turkey and see for yourself the property that you wish to buy in Turkey.
6.Conduct preview tours
When you visit Turkey, the real estate agent that you are dealing with must accompany you on real estate preview tours for the proposed properties, projects and the initial offers chosen by you to preview and check them at first hand.
Therefore, real estate tours in Turkey are an important step to buy a property in Turkey, which can benefit the client in getting to know his future property in full.
7.Choose the right property
You need to eliminate the real estate options that do not suit you from the proposed properties by your real estate agent in Turkey. With the assistance of your real estate agent, study the options that you find appropriate, conduct a full property evaluation, and then choose the property that you see is good for you and your family needs.
8.Reserve the right property with a down-payment
This step comes after you have finally made up your mind on the selected property. Accordingly, you reserve your right to own the chosen property and the property’s offer for sale is stopped until the rest of the procedures leading to the property sale and full ownership are fully made.
The down-payment is part of the property’s price and is deducted from the total price of the property. An official receipt for the down-payment value must be received by the buyer.
9.Prepare the required documents
The required documents to buy a property in Turkey are a set of documents that are issued by the title deeds department in Turkey. The title deed of the property is not handed over to the buyer until he/she completes the required documents, such as the real estate appraisal report, money transfer receipt, sale contract, earthquake insurance and other documents.
10.Obtain the property title deed
You will obtain the title deed of the property you want to buy in Turkey after you submit the required official documents as mentioned above.
The property title deed is obtained from the General Directorate of Real Estate Properties in Turkey through the protocol procedures to obtain the title deed of the property you wish to buy in Turkey.
The professional staff at our renowned real estate agency in Turkey, Luxury Group, can assist you with everything you need to know about buying a property in Turkey in order to safely invest in real estate in Turkey.
We at Luxury Group in Turkey – as one of the best real estate agencies in Turkey – can help you grow your real estate investment in Turkey. Visit our website www.luxurygroup-tr.com to find out the latest real estate prices in Turkey and discover the best areas to buy properties in Turkey as well as the best offers for your different needs for life in Turkey, tourism in Turkey, business in Turkey or investment in Turkey.
