Have you thought about buying apartments in Turkey? Did you see the advantages that you will get through this step? What are the reasons that drive many people and investors around the world to buy it?
If you are interested in the real estate sector in Turkey or want to buy an apartment in this country, you must first see all the details and matters related to this matter in order to ensure that your choice will be correct. We wish you an enjoyable read.
One of the first questions that arise in the mind of any investor or foreigner who wants to buy real estate in Turkey is whether all foreigners can, regardless of their nationality? Or are there certain restrictions that must be adhered to?
In fact, in a past period, not all foreigners could buy real estate in Turkey as it relied on the principle of reciprocity and the state that does not allow Turks to buy foreigners apartments on its land, the Turkish government does not allow them to own its lands in return.
But, this law is no longer valid, as the Turkish government issued in 2012 a decision to abolish the reciprocity law, and foreigners from different countries of the world can buy apartments in Turkey, but this law did not include everyone and five nationalities still cannot own real estate in Turkey for political and security reasons and some old agreements (Syria - Cuba - Armenia - Greek Cyprus - North Korea).
However, if you are wondering about the possibility of lifting restrictions on these countries in the future, it is certainly possible, especially since the Turkish state is striving to attract the largest possible number of foreign capital, as it aims through this to develop the Turkish economy and various other sectors in the country.
Conditions for buying apartments in Turkey:
Despite all the facilities provided by the Turkish government to those wishing to own real estate on its land, this does not negate that there are many conditions that the buyer must comply with, and this is what we will refer to in the following paragraph:
-Foreigners cannot buy more than 30 hectares in different parts of Turkey.
-The Directorate of Land Registry issues a decision to prevent foreigners from granting licenses to buy an apartment in an area in Turkey if the foreigners' share of the real estate in it reaches 10% of its total area.
-Foreigners cannot buy an apartment in an area of a security or military character.
-The foreigner must get security approval.
-Extracting the real estate appraisal document that protects him from falling victim to real estate fraud, as it accurately determines the price of the property after the competent authority studies all aspects of the property and compares it with similar properties.
Ways to buy an apartment in Turkey:
Do you have enough ideas about the appropriate ways to buy an apartment in Turkey?
What you do not know in this regard is that the Turkish state has more than eighty cities, and each city contains many regions and municipalities; therefore, you needs someone to help you in making the right choice that matches your goal so that you do not fall into the problem of the wrong choice, especially if this is your first experience in buying real estate in Turkey.
Are you looking for apartments for sale in Turkey on your own?
In this context, we have to point out a very important thing, which is that it is necessary to use a real estate company with experience, extensive knowledge of all the details and information related to the real estate market in Turkey because:
-It saves you a lot of time.
-It saves you effort.
-It also prevents you from getting tired.
-It saves you money.
-It puts in your hands a lot of distinctive real estate options.
-It takes you on real estate tours to see the most important projects available.
-It offers you a set of important tips and advice that will help you make the right choice.
-If you want to get Turkish citizenship by purchasing a property, you will be provided with options that match the conditions for getting it.
One of the common ways to buy apartments in Turkey is to depend on reliable websites that provide many options and offers and are among the many facilities offered by the Turkish government. From here, many foreigners can buy real estate remotely without having to leave their countries.
But, do you think buying real estate remotely is a safe way? Certainly it is; if you are dealing with a trusted party and you stay away from unknown parties.
In this regard, you should know that there is a common problem in the real estate sector in Turkey, which is (real estate fraud), which you may be a victim of as a buyer if you do not pay attention to some of the details related to the property, and the presence of a real estate expert with you ensures that you are away from it.
The right time to buy an apartment in Turkey:
Have you thought about the best time to own real estate in Turkey? The most important question is, are all times suitable for buying apartments in Turkey?
The matter varies according to the goal that you hope to achieve by buying the apartment. Do you aim for housing and residence? Or do you prefer real estate investing?
You may be forced to reside and you do not have time to wait until the right time to buy or until prices drop, and therefore, in this case, you should buy immediately, but if you are seeking to invest in real estate, according to what many real estate experts and specialists in the real estate market in Turkey indicate, you must wait to stagnation time, which is often the winter season, in which the movement of buying and selling decreases, prices decrease, and the real estate market in Turkey resumes movement and activity in the tourist seasons, that is, in summer and spring, and therefore prices will rise in them.
Investing apartments in Turkey:
One of the main motives that encourage foreigners to buy apartments in Turkey is the desire to enter the world of real estate investment and achieve a lot of profits and high returns. All signals and data indicate that it will be a profitable real estate investment due to several reasons, including:
-The Turkish economy is growing at a steady pace thanks to the strategic plans of the Turkish government.
-The strategic location in which Turkey is distinguished between three continents around the world.
-Real estate diversification in Turkey, you will not have limited options.
-High population density as the population of Turkey exceeded 84 million people.
-The huge tourist turnout in the tourist seasons.
-Foreign influx throughout the year.
-Predictions that indicate a possible increase in real estate prices in the future.
-Luxury and high quality real estate.
-Real estate prices in Turkey are considered appropriate compared to other countries.
-The successful investor is the one who buys when the prices are low and sells when the prices are high, thus he will be able to benefit from the price difference that will result between the buying and selling stages.
How do you get a successful real estate investment?
If you want to build a successful real estate investment in Turkey, you must follow many steps and take into account a lot of advice that was provided by specialists.
Through the following points, you can see the most important steps that if you follow will help you get an abundant return on real estate investment in Turkey:
-Choose an important strategic location, as the real estate rule says (location, location, location) and the more distinguished it is, the higher its price and the volume of profits resulting from it. And you should know that apartments located in a privileged location are in great demand, in contrast to properties located in remote locations or far from the city center.
-Do not forget to focus on the view of the apartment. Is it overlooking gardens and green spaces, the sea, a lake, or is it an internal view of the city?
-You have to go to the land registry department to make sure that there is no problem arising from the apartment, such as a mortgage or reservation, as this reduces the value of the apartment and makes selling it difficult in the future.
(In this regard, it is important to point out an important matter, which is that you may not discover a problem resulting from the apartment until a long time has passed since its purchase, perhaps a month or two or more, and the reason for that is your lack of sufficient extensive knowledge of the laws stipulated in the Turkish constitution, in addition, because it needs a legal expert). This is one form of real estate fraud.
-Choose the apartment space carefully, make sure that it is not spacious, as this makes it difficult to rent or resell it. The demand for large-sized properties is little compared to the demand for small properties due to their high price compared to others.
Procedures for owning apartments in Turkey:
To own real estate in Turkey, you will go through a number of steps and procedures, which are as follows:
-Getting the tax number from one of the tax departments in Turkey is very easy and does not take much time.
-An account must be opened in a Turkish bank in order for the price of the property to be transferred to the seller through it.
-The contract between the seller and the buyer must be signed in one of the official departments (land registry department) and any document issued by others is not acceptable even if it is issued by the notary.
-Do not sign the contract unless there is a competent lawyer who is a legal expert so that the matter is rectified in the event of any legal loophole.
-If the buyer is not in Turkey, he can send someone on his behalf to complete the procedures and sign the contract.
-In general, the procedures for real estate ownership in Turkey take a period of one to two months at a maximum.
Do I buy apartments by installments in Turkey?
One of the many diversities available in the real estate market in Turkey is the possibility of buying an apartment by installments, and this idea has been popular among the investors, especially those who do not have the budget to pay for the property in cash, where it is possible to buy an apartment and benefit from it, as well as getting Turkish citizenship if it matches the conditions for getting it and pay the installments during separate periods, it may be a year, two years, three years, and it may be more than that.
What you do not know is that it is easy to find apartments for sale by installments in Turkey, where construction companies are keen to build and construct many luxury real estate and investment projects with international specifications, with many facilities, offers and discounts attached to them.
The importance of field tours when buying real estate in Turkey:
Among the important steps that you must take when searching for apartments for sale in Turkey are field tours to get acquainted with the most important real estate projects available in the real estate market in Turkey, and therefore you will see the specifications and available options as well as the prices, and you can ask all the questions that will come to your mind to your real estate consultant. Thus, you can choose freely according to what your goals dictate to you, which you hope to achieve.
Tips for buying apartments in Turkey:
-Do not buy an apartment from an unknown destination.
-Do not look for apartments for sale in Turkey before you study your financial budget well so as not to run into costs that are not in your calculations.
-Choose the city according to the goal you seek to achieve. For example, if you want to invest in real estate, you should choose Istanbul, which is the economic, commercial and tourist city at the same time.
-If you are looking to build a successful real estate investment, beware of buying a cheap apartment or in a remote area.
-To build a profitable real estate investment, you should choose to buy an apartment near public transportation, tourist places, entertainment and shopping centers.
The most important cities to buy real estate in Turkey:
It cannot be overlooked that each city in Turkey has different importance and advantages than the other, and all of them are excellent options for real estate ownership, but at the same time, Istanbul is the first choice for anyone who wants to own real estate in Turkey, and this is proven by reports and statistics issued by the Turkish Statistics Authority and it was able to keep its position for a long time.
If you want to search for apartments for sale in Turkey, contact our real estate consultant now to provide you with the most appropriate offers, as a result of our company's close relations with the most important construction companies in Turkey. Do not forget to visit our website constantly to see the latest news and updates.