At the beginning of 2023, Turkey witnessed many foreign investors, especially Arabs, flocking to the real estate sector in Turkey, as there are many who want to buy a house in Turkey for the first time, especially after seeing some of the advantages that they will enjoy when starting their real estate investment on the lands of the Turkish Republic, as it is distinguished Turkey is one of the countries that works most to attract business leaders by providing them with the right environment for real estate investments.
Through our article, the editorial team is familiar with all the details and information that any investor who thinks of making Turkey his future home and pumping his capital into its real estate and homes needs, all you have to keep reading to know more.
The mechanism of buying a house in Turkey for the first time
There are many investors who want to buy a house in Turkey, but they lack some experience, especially since they are investors in the real estate sector in Turkey for the first time and through the following paragraph, there are some steps that enable you to conclude a profitable and irreplaceable deal, as follows:
- The purchase of real estate apartments and apartments in the lands of the Republic of Turkey and anywhere in general depends on defining the goal and purpose of real estate investment as there are those who prefer to buy apartments only to settle down and live with their families, and others are interested in obtaining Turkish citizenship by purchasing a property commensurate with the naturalization law and on the other hand, there are those who wish to own real estate in order to reap the huge financial returns and rent the apartment during the summer seasons or resell it.
- When determining your goal of real estate investment in general on the territory of the Republic of Turkey, it is necessary to seek the help of reliable real estate companies, especially since you will go through the buying experience for the first time in Turkey, as the real estate companies will save you money and effort and in addition, it will ensure that you conclude profitable deals as long as she is aware of the best offers and has experience in providing assistance to its clients.
- Through the help of the real estate company, you can make real estate tours and ensure the validity of the property and the possibility of living in it, and get an idea of the internal divisions and the extent of the rooms’ sizes and in addition, you can ensure that the interior and exterior finishes are valid for real estate investment and free from any internal or external defects.
- When you like an apartment, it is necessary to negotiate house prices in Turkey, through the real estate agent or a reliable real estate company with a good reputation as by negotiating, you can strike a golden deal and save some money for other affairs.
- After defining your goal, seeking the help of a real estate company, conducting field tours, and making sure of the validity of the house, you must present the price of the house and provide a deposit.
- After that, you must know all the necessary papers and documents when starting the process of buying real estate in Turkey.
- Reserving an appointment at the Land Registry Directorate, to submit all papers and documents and complete the process of buying Turkish homes.
- In conclusion, you can receive the title deed for your home, furnish your home and open various bills.
Instructions and cautions when buying a house in Turkey
Real estate investment in a Turkish house is easy, when you know some of the experiences that we will present to you through the following points:
- Ensure the eligibility of the owner, in terms of having the right to start the sale process.
- Verify that there are no taxes on the house to be purchased.
- Ensure that there are no other buyers for the house.
- Verify the real seller of the house.
- The house within the administrative region should not exceed 10% of the total area of the administrative region.
- The area of the house should not exceed 30 hectares.
- The investor's nationality should not be one of the five nationalities that are prohibited from owning property on the territory of the Republic of Turkey.
- The investor wishing to buy a house must be of majority, i.e. at least 18 years old.
- Verify that there are no reservation signs on the house.
- Obtain a copy of the title deed to ensure that the previous owner did not transfer the property to anyone other than you.
- Ensure that there is no tenant in the house.
- Examine the title deed type.
- Ensure that the area, specifications and details included in the title deed match the actual shape of the house.
Documents needed to buy a house in Turkey
After reviewing the mechanism of buying a house on the territory of the Turkish Republic and your knowledge of some caveats and investment conditions in Turkey, it is necessary to familiarize yourself with the documents required to buy Turkish houses, which are:
- An earthquake insurance policy.
- A copy of the valid passport document and its authentication at the notary public.
- Provide a personal photo of the seller.
- Provide two photos to the buyer.
- Bring a document indicating the value of the house, which can be obtained from the municipality of the area where you want to buy a house.
- Bring a contract containing detailed information about the house.
A glimpse of the nationalities prohibited from buying a house in Turkey
There are some nationalities that are prohibited from real estate investment in the real estate sector in Turkey for political and private reasons so let's get to know these nationalities.
- Syrian nationality.
- Armenian nationality.
- Cypriot nationality.
- Cuban nationality.
- North Korean nationality.
Common questions
Can I obtain citizenship by buying a house in Turkey?
Certainly, any investor can obtain Turkish citizenship by purchasing a property in Turkey with a value of no less than 400,000 US dollars, but on the condition that he pledge not to sell or dispose of the property for a period of no less than 3 years.
What are the conditions for obtaining real estate residence by buying a house in Turkey?
It is necessary to purchase a property worth $75,000 to enable you to obtain a real estate residence permit and grant it to your family members under 18 years of age, and that your nationality should not be one of the nationalities that are prohibited from real estate investment on the territory of the Republic.
The idea of buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing in real estate in Turkey is only a way to gain Turkish citizenship orreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
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