Buying Real Estate in Turkey 2022

Buying real estate in Turkey is one of the most popular ideas among the public interested in real estate markets around the world at all, so what are the reasons that made it an important destination? What advantages can be obtained through it? How to buy a property in Turkey?
Through the following article, you can see the most important details related to owning real estate in Turkey.

 What are the most important steps to buy real estate in Turkey:

When you come to buy a house in Turkey, you need to know and identify some steps in order not to fall into pitfalls and mistakes. Determining the value of the property, its location and its most important specifications, through these mentioned steps:

Buying real estate in Turkey 2022:

Buying real estate in Turkey is one of the most popular ideas among the public interested in real estate markets around the world at all, so what are the reasons that made it an important kiss? What advantages can be obtained through it? How to buy a property in Turkey?
Through the following article, you can see the most important details related to owning real estate in Turkey.

 What are the most important steps to buy real estate in Turkey:

When you come to buy a house in Turkey, you need to know and identify some steps in order not to fall into pitfalls and mistakes. Determining the value of the property, its location and its most important specifications, through these mentioned steps:
-Identify your goal in buying a property in Turkey.
-Determine who are the most important real estate agents and know them.
-If you are a foreigner, and you want to buy from Turkey real estate, we advise you to come before buying in order to test the situation yourself.
-After these steps, turn to companies and real estate offices to know the Turkish real estate market.
-Ask and negotiate real estate prices in Turkey.
-Give a certain amount to be agreed upon between the two parties, the so-called deposit (Raboun) in order to guarantee your rights.
-Arranging and processing papers and procedures for buying real estate in Turkey.
-And then, finish those procedures.
-Take and receive the possession title which is called the “Tapu”.
-Take full gas, electricity and water meters.

What are the most important conditions for buying a house in Turkey?

There are many conditions that must be met by those who are about to own real estate in Turkey, which are as follows:
-A foreigner is not entitled to own more than thirty hectares in various regions of Turkey in all its cities and states.
-A foreigner cannot buy a property in an area where the share of foreigners has reached ten percent.
-Foreigners cannot own real estate that is located in security or military areas.

Benefits of buying real estate in Turkey:

-You can get Turkish citizenship if you own a property that costs 400 thousand dollars or more, enjoy citizenship rights, and have a Turkish passport.
-You can rent apartments throughout the year during the tourist seasons, at nice prices and with a good financial return.
-Real estate in Turkey is characterized by high quality and luxury, and at reasonable prices compared to the rest of Europe.
-Living in a conservative environment close to the Arab countries and taking on a European character.
-The possibility of studying in private and public universities as well as schools.

The most important cities for real estate ownership in Turkey:

Through the following paragraphs, you can learn about the most important Turkish cities suitable to search for apartments for sale in Turkey:

Istanbul:

It is characterized as one of the most important cities in Turkey and is the economic capital and owning real estate in it is a great gain because it is considered a tourist and beautiful city, which is of great cultural value.

Trabzon:

 It is considered one of the most beautiful Turkish cities, a tourist par excellence and overlooking the Black Sea. It is considered one of the favorite areas of the Arabs for tourism and people buy villas and apartments in order to rent for tourism.

Antalya:

It is considered one of the most important tourist areas for European tourists, especially Russians. It is a city overlooking the Mediterranean, with many tourist areas.

What are the most important procedures for buying real estate in Turkey?

-After selecting the appropriate apartment, the buyer of the property must come to Turkey to sign the contract or his representative with a power of attorney officially certified by the notary public.
-Bring your passport translated into Turkish, certified by a notary public.
-Going to the real estate department, in order to transfer the property from the owner of the property to the new buyer.
-The new owner is given the possession title that provides him with the property information, its location and the name of the property owner.

What are the most important properties that can be bought in Turkey:

Villas:

A Turkish or foreigner can buy villas in Turkey, whether the goal is tourism, investment, or for the purpose of getting citizenship.

Apartments:

Turkish and foreigners can buy apartments in Turkey, by installments or in cash, whatever the purpose is; housing / rental / tourism.

lands:

A Turkish or a foreigner can buy agricultural land, whether for the purpose of building, or to benefit from the agricultural land.

Shops:

Many foreigners like to buy shops, especially inside malls and mega malls in order to benefit from working within it and to get Turkish citizenship.

What are the taxes posed when buying a property in Turkey?

There is no specific tax for anything, but some of them calculated as a percentage of the price of the property, including monthly taxes when there are additional services, and some are paid annually.
We will mention the one-time taxes that are paid when the property is sold:
Added tax: It is paid once when purchasing the property, and its value ranges from 1% to 8% and may sometimes reach 18%. Its value is calculated from the type of property, its location and area. Often, foreign buyers are exempt from them.
Real estate possession title tax: It is a one-time value that is paid when the property is registered, in the real estate registration department. Its value is 4% of the value of the property and is paid equally between the buyer and the seller, meaning that each party pays 2% of the property value.

Problems of buying real estate in Turkey:

Foreigners often face many problems when buying real estate in Turkey, and in order to solve that problem, we will remind you of the following:
-The difference in the exchange rates of the Turkish Lira and its instability.
-Dealing with real estate companies in Turkey that are unreliable.
-Lack of good knowledge of real estate and the real estate market in Turkey.
-Lack of knowledge of the necessary papers and procedures, and making many mistakes, which may cause problems and pitfalls.
Finally, we conclude that buying real estate in Turkey has many benefits, whether in terms of housing / rent, work or getting Turkish citizenship.
If you want to buy a property in Turkey, you can contact our real estate consultant to inform you about the most important offers available and suitable for you at all.