When you decide to buy real estate in Turkey and this was your first experience, you will definitely need a wide range of tips and advice that will help you make the right choice and avoid making the wrong choice.
Table of Contents
- The most important tips when buying real estate in Turkey:
- Criteria for choosing the right property in Turkey:
- The most prominent problems when buying real estate in Turkey:
The most important tips when buying real estate in Turkey:
Learn with us the five most important tips that you should consider when buying real estate in Turkey, especially if your goal is real estate investment.
1 - Choose the location of the property carefully:
One of the important tips when buying real estate in Turkey is to choose the location carefully, as the following factors must be taken into account:
-Proximity to major cities: If you want to live in a big city, you should look for properties near Istanbul, Ankara or Izmir.
-Proximity to Amenities: Ensure that the property you are interested in is close to shops, restaurants, and other amenities.
-Safety: Choose a safe neighborhood where you feel comfortable when walking around at night.
-Weather: Consider the climate of the area you want to live in. Do you want to be in a hot, sunny place or a cooler mountainous area?
2 - Look for a unique view:
One of the important tips when buying a property in Turkey is to look for a distinctive view. When you are looking for a home, you definitely prefer a breathtaking view of the sea or green spaces and if you are looking for an investment property, you want to make sure that the offer is attractive to potential tenants or buyers. There are some properties that have a great view of the ocean, while others may be directly on the city.
No matter what kind of view you are looking for, there are plenty of properties in Turkey that will provide you with it.
3 - Make field tours:
There are many things to consider when buying real estate in Turkey, the most important of which is to take field tours and visit the available real estate projects. This will help you identify the different areas and properties available, in addition to giving you an idea of the prices.
4 - Use a reliable real estate company:
A good real estate company will be able to accompany you through the process, answer your questions, and help you find the right property. Some of the things to look for in a real estate company include:
-Good reputation: you can ask for recommendations or check reviews and search the Internet.
-Experience: look for a company that has been in business for several years and has a proven track record.
-Local knowledge: Choose a company that knows the area well and can help you find the right property.
-Comprehensive service: A good real estate company will provide services such as property management, legal services, and financial services.
5 - Choose the area of the property carefully:
It is worth noting that large-sized real estate is not in great demand, as it is for small or medium-sized real estate, and you should know that a property with a suitable area is easy to invest in, so it can be rented quickly and sold without waiting when you want to do so in the future.
Criteria for choosing the right property in Turkey:
Here are some tips that help in choosing the right real estate area in Turkey:
-The first thing to consider is the city you want to live in, as each city has its own character and features. For example, Istanbul is a cosmopolitan city while Ankara is the political capital.
-It is also important to consider the purpose of buying real estate in Turkey. If you want to buy a property for investment purposes, you have to choose an area where there is a great demand for rental property and on the other hand, if you want to buy a property for your own use, you can choose any area that suits your needs and budget.
-Another factor that must be taken into consideration is the infrastructure of the area. The area must contain all the necessary infrastructure elements such as schools, hospitals, shopping centers and transportation.
-The last factor to consider is the price of real estate in Turkey. You should choose an area where the prices are reasonable and suitable for your budget.
The most prominent problems when buying real estate in Turkey:
When buying a property in Turkey, you should be aware of the potential risks and problems that you may face:
-The property may not be built to the standards you were promised of.
-The developer may go bankrupt before the project is completed, leaving you without a home.
-You may not be able to get a mortgage from a Turkish bank, which means that you will have to pay for the property in cash.
-The property may not be registered in your name, or there may be other legal issues with the title deeds.
-There is always a risk that the value of your property will go down, rather than go up.
-It can be difficult to find the right property if you have unique demands.
-Not obtaining the title deed of the property .This is the most common problem that foreign buyers face when buying real estate in Turkey, so make sure you have the title deed of the property before making any payments.
-Buying a property without a contract is one of the common issues so make sure there is a written contract (preferably in Turkish and English) between you and the seller and the contract should include all the details of the sale, such as price, payment schedule, etc.
Investing in real estate in Turkey has become a popular choice for foreign investors in recent years, and for good reason as the Turkish economy is booming, providing great opportunities for those looking to invest, and with the Turkish Citizenship by Investment Program, investing in Turkish real estate is becoming more and more attractive.
There are many advantages to investing in real estate in Turkey through Level Immigration as it is a leading Turkish real estate company, we offer our clients a wide range of services and benefits that make investing in Turkey easy and straightforward and some of the advantages of investing through us include:
-A large selection of properties to choose from.
-Whether you are looking for an apartment, villa or office, we have something to suit your needs and budget.
-Expert Advice; our team of experienced professionals will guide you through every step of the process, from finding the right property to completing the purchase.
-Residency and Citizenship Services; in addition to helping you buy a property in Turkey, we can also assist with the residency and citizenship applications.