Answer these questions before buying a house in Turkey 2022

Buying real estate and houses in Turkey is one of the topics that has been talked about a lot recently, and the demand for buying it has increased as a natural result of the privileges it enjoys and the advantages that the buyer can obtain.

But do you have a clear idea of ​​how to own real estate in Turkey? What are the steps to follow?

There are many questions that you should ask yourself before buying real estate in Turkey, and this is what we will present in the following article, as we will ask many questions and attach them with accurate answers.

Important questions when buying a house in Turkey:

Because you are not familiar with the real estate sector in Turkey, you lack a lot of information about it, and therefore you will need help and a set of advice.

1 - Why buy a house in Turkey?

First of all, you must determine the purpose that you want to achieve from the apartment or property, and according to statistics, people are divided into categories.

Do you want to invest in real estate? Or obtaining Turkish citizenship? Or do you want residence and stability? Or stay in it during the tourist seasons? The selection criteria differ according to the goal, so it must be selected so as not to fall into the wrong choice.

2 - What is the way to pay for the property in Turkey?

You are faced with three options, one of which you must follow in order to pay the price of the property.

The first method: to pay for it in cash and save the full price in advance, and this is the best way.

The second method: by taking a loan from one of the banks that are located in Turkey, and then placing a mortgage sign on it until the full amount is paid.

The third method: buying a property in installments directly from the construction company and paying the first part of its value and the rest to be divided in stages (the value of the first payment ranges from 35% to 50%).

3 - Can I own real estate in Turkey?

One of the main things to look for when buying real estate in Turkey is whether it is allowed for someone who holds your nationality to own real estate or not. The decision issued in September 2012 AD, which stipulated the abolition of the principle of reciprocity, did not include five nationalities (Armenia - Cuba - North Korea - Syria - Greek Cyprus).

4 - What are the procedures for real estate ownership in Turkey?

- Find the right property for you.

- Get a copy of the title deed.

- A copy of the property's location or the municipality's structure.

- Extracting the tax number from the tax department.

- Translation of the buyer's passport and all documents into Turkish.

- Attestation of papers and documents with the notary.

- Signing the sales contract between the seller and the buyer within the title deed department

- Obtaining a security approval to confirm that the property is not located in a security area (maximum one week duration).

- Extracting the real estate appraisal document.

- The first payment should not exceed 25% of the property value.

5 - What are the main costs involved in buying a house in Turkey?

Among the details that concern the buyer are the costs that he must cover when owning real estate in Turkey, and what are the most prominent ones.

First, there is a fee for obtaining the title deed, amounting to 4% of the property value, to be paid by both the buyer and seller in equal parts.

Second, the real estate appraisal report, and the fees for extracting it are about $200 at most.

Third, earthquake insurance policy.

Fourth, the costs of translation and legalization fees for papers and documents.

6 - How can I obtain the tax number?

One of the basic conditions when buying a property in Turkey is to obtain the tax number, and this is easily done by going to one of the tax departments in Turkey and it will not take more than half an hour.

7 - What are the limits of foreign ownership in Turkey?

There is no doubt that ownership in Turkey is easy and uncomplicated as in other countries such as Europe and America, but this does not negate the absence of some restrictions that must be adhered to, which are as follows:

- A foreigner cannot own more than thirty hectares in different parts of Turkey.

- The property of foreigners in one region must not exceed 10% of its total area.

- They cannot buy property in a security or military zone.

8 - Is it possible to delegate someone to represent the buyer to complete the ownership procedures?

Due to certain circumstances, you may not be able to come in person to Turkey to complete the ownership procedures, and therefore you can authorize someone to represent you and send the agency through the Turkish embassy or consulate in your country.

9 - How to choose a suitable house in Turkey for investment?

There are specific criteria that must be met in the property in order for it to be suitable for investment and to obtain abundant profits through it, and the following are the most prominent of them:

- To have a distinguished geographical location.

- It has a wonderful view of the sea, the forests or the green spaces.

- To be close to public transportation.

- It must be newly established.

- To be in a region experiencing rapid growth.

- Close to important strategic projects.

10 - How do I get the right property for me?

It is natural that you will find many obstacles in front of you as a result of your insufficient knowledge of the real estate market in Turkey and your lack of knowledge of its laws, but this matter can simply be overcome by using one of the famous real estate companies.

What you do not know is that these companies have distinguished relationships with construction companies and can provide their customers with the most appropriate opportunities for them and their budget.

Also, dealing with it saves you a lot of time, effort and random, unorganized search.