Buyer’s Purchase Guide
Laws regarding purchasing the property by foreigners and procedures involved in transactions differ in countries all over the World. At the same time, it is more difficult to choose the right property in a foreign country. We prepared this guide to help you get through the procedures and pay attention to some aspects that can make choosing a property in Turkey easier.
WHO CAN PURCHASE PROPERTY IN TURKEY?
Foreign nationals can easily purchase property in Turkey. There is no obligation to be a residence permit holder in order to make the transaction.
WHAT KINDS OF REAL ESTATE CAN BE PURCHASED BY FOREIGNERS IN TURKEY?
Foreigners can buy either residential or commercial properties as well as land or field with no limitation of location.
WHAT ARE THE RESTRICTIONS REGARDING BUYING REAL ESTATE BY FOREIGNERS IN TURKEY?
WHAT ASPECTS SHOULD YOU TAKE UNDER CONSIDERATION WHILE CHOOSING A PROPERTY?
If you are considering purchasing property for investment purposes, you should make research on the development of particular districts in order to predict how much the value of a real estate can increase over the years. If you are planning to rent the property, you can compare prices of the rent in various locations to get the idea of how much rental income real estate in different districts can bring. For those, who want to buy property to live in, it is good to choose a district suitable for their lifestyle: family-friendly areas, districts located close to business centres or recreation areas.
Either you are looking for a property to live in or the one that you are going to rent, facilities located in the area surrounding the property and built-in facilities are very significant. Close distance to facilities like school, hospital, shopping mall, access to public transportation and high-speed roads increases comfort of life and makes it easier to find a tenant. At the same time, quality of built-in facilities, like swimming pool, gym or sauna influences prices of rent for apartments in the building.
For those who purchase property for investment purposes, stage of construction might be one of the important aspects. Projects under construction often offer better prices of apartments and attractive payment plans. That is why investment is real estate in a construction phase can bring higher income. However, considering investment in this kind of project might be riskier and it is recommended to make research on the construction company regarding the quality of previously finalized projects and committing to delivery dates in the past.
WHAT SHOULD YOU CHECK BEFORE THE TRANSACTION?
You can receive the above information by checking the registry of real estate that you are considering to purchase. In order to check the registry, you should visit the Title Deeds Office, in which particular property is registered.
WHAT IS THE PROCEDURE TO BE FOLLOWED WHILE PURCHASING A PROPERTY IN TURKEY?
At first, you will need to make a preliminary application to the Land Registry Directorate. For this purpose, it is required to take an appointment at https://randevu.tkgm.gov.tr/ or by calling 181.
>Following preliminary application, a date is determined for the transfer transactions between the seller and the buyer.
Documents, which need to be provided for the transfer transaction:
Within our services, we provide assistance on every stage of property purchase. We will help you to make the best choice on a property according to your personal preferences and budget, provide you with detailed information regarding the project, constructor and area real estate is located in, check the legal status of the properties and assist you throughout the transaction procedures, including preparation of required documents and obtaining Title Deed.