Is it really buying a property in Turkey a golden opportunity?
According to many official statistics, the volume of real estate sales in Turkey is increasing significantly, and this large foreign demand is not the result of absurdity, but is based on the great desire to obtain a wide range of privileges and to benefit from the positive aspects that come with it.
Dubai Real Estate Company in this article puts in your hands through this article a wide range of information related to the issue of buying real estate in Turkey, if it really interests you, follow us until the end.
Pros of buying a property in Turkey
Turkey is famous for its vibrant culture, which has been shaped by the influences of its long history, and the country is home to a rich cultural heritage, with its Ottoman architecture, traditional Turkish cuisine, and stunning beaches, all of which add to the attractiveness of investing in real estate in Turkey.
The Turkish economy has grown steadily over the past decade and is now one of the fastest growing economies in the world, and this makes it an ideal destination for investors looking to tap the potential of economic growth.
- Real estate prices in Turkey are relatively low compared to other countries in Europe, which makes it an attractive option for those looking for a bargain as the cost of living is also lower in the country compared to other countries in Europe, so those who invest in real estate here can expect good returns on their investment over time.
Turkey is also an incredibly diverse country with many regions offering something different to potential buyers. Whether you are looking to buy a beachfront apartment on the Aegean coast or a city center apartment in Istanbul, there is something to suit all tastes and budgets in this beautiful country.
The Turkish government has also put in place a number of incentives for those looking to buy real estate, such as tax breaks and low-interest mortgages, which have made these measures more attractive to investors and homeowners alike.
Learn the steps to buy real estate in Turkey
It is important to research the current real estate market in Turkey. Look at the types of properties, prices and locations. This will help you get an idea of what is available and ensure that you are making a smart investment.
-Once you've done your research, it's time to start looking for specific properties that meet your needs and budget. You can use online resources such as real estate and agent websites, or visit the country to look at properties in person.
It is always a good idea to hire a lawyer when buying property in Turkey as there are many legal aspects involved in the process, and your lawyer can also help you find the right property and negotiate a fair price for you.
Once you've found the perfect property, it's time to start negotiating the price with the seller, and make sure your offer is realistic and that you're not overpaying for the property.
Papers required to buy a property in Turkey
Now, learn about the necessary documents that you must prepare for real estate ownership.
The title deed is the most important document required when buying a property in Turkey. It is an official document that shows the legal owner of the property. This document can be obtained from the real estate registry office or from the seller.
A notary bond is also required to buy a property in Turkey, as this document confirms that the parties involved are aware of all the details of the sale and that the sellers and buyers agree to it, and both parties must sign it in front of a notary public.
Tax office documents are also necessary as these documents are provided by the local tax office and confirm that both seller and buyer have paid all taxes.
The real estate appraisal document that confirms the real price of the property must be obtained without any increase or decrease, and it can be obtained from an entity licensed by the Turkish government.
An earthquake insurance policy must be obtained from an insurance company, and it is necessary and in the event of a natural disaster, it is a guarantee.
Obtaining a tax number from a nearby tax department, which is free and important in order to complete many official transactions.
The most important Turkish cities for real estate ownership
-Istanbul is the largest and most important city in Turkey, as it is located on the Bosphorus Strait between Europe and Asia, and hosts many cultural attractions and has become one of the most attractive destinations for foreign investors looking to buy real estate in Turkey due to its low cost of living and the variety of properties in it, starting from Modern high-rise apartments to traditional Ottoman villas.
Antalya is another major city popular with real estate investors, as it is located along the Mediterranean coast, making it an ideal place for those who want to buy a second home near the beach. The city also offers a wide range of modern amenities, such as shopping malls and restaurants.
Bursa, located in northwest Turkey, is another important city for real estate investors and is known for its traditional Ottoman architecture and historical sites, as well as its proximity to Istanbul and has some of the most affordable housing prices in the country and easy access to major transportation.
How to find cheap real estate in Turkey?
One way to find affordable property in Turkey is to look for off-plan apartments, and many developers offer attractive discounts on new properties, allowing buyers to save significantly compared to buying an existing property.
Another option to find cheap real estate in Turkey is to look for rustic flats or old properties that can be renovated to modern standards, they can often be found at discounted prices and offer buyers the chance to get a great property at a bargain price.
Finally, installment apartments are also becoming increasingly popular in Turkey, as this type of apartment offers buyers the opportunity to buy a property over time instead of paying in advance, and this can make buying real estate affordable for everyone and is an option worth considering if you are looking for a unique opportunity.
In the end, we must assure you that with us you can get a distinguished real estate experience. Your journey begins with a comprehensive field tour to get to know the most popular options available. You will also get a group of important consultations that will help you reach what suits you, as well as provide you with the assistance you need in issuing official papers and we handle many tasks for you.
