Buying property in Turkey process: steps and tips
the process of buying property in Turkey is not complicated if you can break it down into simple steps. And if you follow these steps thoroughly you will be able to secure a very satisfactory deal.
Buying property in Turkey process: steps and tips
- Turkey’s real estate market
- 7 steps to buy a property in Turkey
- Do you need a lawyer to buy property in Turkey?
Turkey’s real estate market
We understand that buying property in Turkey may sound like a daunting task, but it doesn't have to be. Here are the steps to take and tips to keep in mind when looking to purchase property in Turkey.
The first step is to find out which type of property you want. Do you want an apartment or a house? This will help you narrow your search and focus on where you would like to live. Next, contact a real estate agent in the area where you are interested in living. They will be able to help you find the perfect property for your needs.
7 steps to buy a property in Turkey
Turkey offers excellent opportunities for investment thanks to the possibility of low-cost investments and high returns, as well as its geographical location, geopolitical stability, and strong economic growth.
I’ve always wanted to buy my own property. I’ve lived in apartments and shared houses all my life, but now that I’m getting older, I think it’s time to invest in my own place that I can call home. My favorite city in Turkey is Istanbul, and I love everything about it – the culture, the food, the people, and the scenery. The only problem is that living in Istanbul comes with a pretty hefty price tag, especially if you want to live in one of the more popular neighborhoods like Bebek or Kuzguncuk where rents are higher than average.
So to start the process of buying a property in Turkey, you should understand that all the steps and requirements to buy property in Turkey can be challenging. To simplify the process, I’m offering you an overview of the main steps and tips to consider when making your first investment in Turkey’s real estate market.
In order to buy property in Turkey, you will need to do your research before buying a property. You need to know the location of the property you want, how much it costs, and if there are any restrictions on what you can build or who can live in the house. You also need to know whether there is a general building permit available for your particular area. The following is a list of things that you should do before buying a property in Turkey.
Understand the market
Living in Turkey is exciting yet could be challenging, so you need to start by understanding the market in Turkey and have a good picture of the situation and get well prepared for it.
Look for opportunities
It is a good idea to look for opportunities before buying a property in Turkey. There are many choices, so you can find the best option for you. You can check out real estate websites for listings or hire an agent to help you. Make sure you do your research beforehand, as there may be certain conditions that might make one property more suitable than another.
Choose your desired areas
Make a list of your desired areas where you want to live or invest by buying a property in Turkey. Then study those areas, narrow down your best matches then make your own list of the most essential things you need to have in your new neighborhood, what you need, what about your family? having children who are studying? there are a lot of things to consider according to your and your family’s needs and desires.
2. Find the right agent
If you are looking to purchase property in Turkey, it is important that you do your research. Find the right agent before buying a property in Turkey to help with the Turkish property transaction process.
Imtilak is one of the best agents in Turkey
Imtilak is one of the best real estate agents in Turkey. They have a team of experts to help you navigate the difficult Turkish buying process, manage all the legal matters you have, and help you every step of the way from starting with choosing a property that suits your budget the best, airport pickup service, taking you on tours, to the during and after-sale procedures. Imtilak managed to replace itself as the best real estate advisor in Turkey, trusted by many clients who have already purchased and recommended Imtilak Real Estate Company to their friends and social circles. The company has always offered the best it can saving no effort to offer the best real estate purchase experience a customer could ever have.
3. Go on a property inspection trip
In order to know what type of Turkish property to buy, consider which area or city in Turkey suits your needs. Once you have chosen an area or city, use internet sources such as real estate websites, local newspapers, and magazines, local directories, and websites to find available properties for sale. Take a trip to inspect the property in Turkey to check out the neighborhood and areas surrounding the home.
4. Negotiate the price and terms of purchase
When buying a property in Turkey, the first step is to negotiate the price and terms of purchase before committing. It's important to have everything finalized in writing before you go through with the transaction. You'll also need a lawyer to help guide you through the legal process that’s why it’s recommended to choose a trusted and expert agent as their legal team would manage all the purchase process as well as handle the legal paperwork for you.
5. Reserve the property
One of the most important steps is to reserve the property before you buy it. This is because you need to ensure that the property is not already sold or reserved for someone else. It will also help you decide if the house suits your needs before buying it. The reservation can be made by contacting a real estate agent in Turkey. There are many things that need to be considered when choosing a house, such as size, location, price, etc. The reservation can be made by contacting a real estate agent in Turkey such as Imtilak Real Estate Company.
6. Make the deal
There are many things that need to be considered when choosing a house, such as size, location, price, etc. After deciding on all these factors, you can make an offer to purchase. The offer should include the amount of money for which you want to purchase the property, how much deposit is needed from you at this stage, what bank details should be used for transferring funds from abroad (if applicable), and other documents required from both parties (such as proof of income). To avoid any legal issues while purchasing a property in Turkey, it's advisable that everything should be written down in an agreement that both parties have signed. Not to mention, the legal matters must be managed by a legal team which usually the right agent would provide to you.
7. Receive the title deed (TAPU)
The property title deed as known as “TAPU” is the Turkish equivalent of a certificate of title in other countries. The document proves that you are the lawful owner of a property in Turkey. You will receive the title deed after buying a property in Turkey. This guarantees your right of ownership of the purchased property.
Do you need a lawyer to buy property in Turkey?
Our company has a professional team of lawyers who will carry out all the necessary legal procedures. For further information, please contact us and our legal team will be glad to answer your questions
Edited by Imtilak Real Estate ©
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