Legal procedures for buying an apartment in Turkey 2024

In light of the ongoing boom in the real estate sector in Turkey, many people are increasingly interested in buying apartments there and with updates to laws and regulations, it becomes necessary to understand the legal procedures for buying an apartment in Turkey and this is an important and delicate process, but with understanding and following the appropriate legal steps, owning an apartment in this amazing country can be a smooth and successful experience.

Advantages of buying an apartment in Turkey

1. Turkey provides apartments at lower costs compared to many European countries.
2. Some properties provide an opportunity to obtain Turkish citizenship.
3. Property buyers can obtain a long-stay visa.
4. Turkey has a temperate climate with warm summers and mild winters.
5. Many of the major cities are located on the sea, offering beautiful views.
6. Turkey combines cultural heritage and urban development.
7. Turkey is investing in modern infrastructure.
8. Many malls, restaurants and tourist attractions.
9. World-class universities and excellent educational opportunities.
10. A strong and stable economy contributes to the continuity of investments.
11. Increasing job opportunities in various sectors.
12. Turkey's location makes it a bridge between the European and Asian continents.
13. Providing real estate loans to foreign investors.
14. Many facilities and services to improve lifestyle.
15. Investment opportunities with project development.
16. A unique shopping experience and wonderful historical sites.
17. Turkey is considered a safe and politically stable region.
18. Advanced hospitals and health facilities.
19. Investing in Turkey is seen as a valuable future investment.

What are the documents required to buy an apartment in Turkey ?

1. The buyer is required to provide a Turkish tax number.
2. Buyer must provide personal photos.
3. The buyer must have a valid passport.
4. A translated and certified copy of the passport must be presented to the buyer, and certification takes place at the Turkish notary.
5. It is preferable to provide a real estate evaluation report to determine the value of the property.
6. The contract must be certified by the Turkish Notary.
7. A receipt showing the sale of foreign currency is required to be submitted to the Central Bank of Turkey.
8. A receipt must be provided proving the transfer of the property value in Turkish Lira to the seller’s account.

Steps to buy an apartment in Turkey

1. Search for the areas and neighborhoods you prefer in Turkey and choose a location that matches your needs and budget.
2. Deal with local real estate agencies or trusted developers and make sure the agency or developer is registered and has a good reputation.
3. Hire a local lawyer who specializes in Turkish real estate law to help examine and verify all legal documents.
4. After verifying the legal matters, sign the purchase contract with the seller, as it is preferable that this contract be in front of the Turkish notre.
5. If you are a foreigner, you will have to obtain a real estate purchase permit from the Land Registry Office.
6. Transfer the agreed upon amount to the seller's account and this must be an official and notarized transfer.
7. After transferring the money, obtain official ownership documents proving that you are the person who owns the apartment.
8. Register your property in the Land Registry to ensure your legal rights as an owner.

Conditions for buying an apartment in Turkey

1. A foreigner wishing to buy a property in Turkey must not exceed 30 hectares in area of ​​the property or properties he owns.
2. It stipulates that the percentage of the area of ​​real estate or real estate owned by a foreigner does not exceed 10% of the area of ​​the administrative region.
3. In addition, the foreign investor must have one of the nationalities allowed to own real estate in Turkey, and must avoid choosing prohibited nationalities.
4. The property must not be located near military or security areas.

These conditions aim to ensure balance and security in the ownership of foreign real estate in Turkey and to ensure its compatibility with the demographic and security conditions in the country.

Tips when buying an apartment in Turkey 

1. Carefully research the different areas and neighborhoods in Turkey to determine what is best for your needs.
2. Visit the selected apartments in person to check their condition and ensure they meet specifications.
3. Make sure that the property has the correct legal papers and is properly registered in the Turkish Real Estate Registry.
4. Examine contracts carefully and ensure that all terms and obligations are clear and understandable.
5. Do not hesitate to negotiate seriously about the apartment price.
6. Search for more information about real estate prices in Turkey to ensure you are not paying an inflated price.
7. If you need financing to purchase an apartment, make sure that you are successful in obtaining financing.
8. Check for amenities surrounding the area such as schools, hospitals, and recreational facilities.
9. Factor in additional costs such as legal fees, registration fees, and local taxes.
10. If you are buying in an apartment complex, check the shared amenities such as a swimming pool, gym, etc.
11. Assess the future of the area, and whether there are plans for additional development or improved infrastructure.
12. Speak with a lawyer specialized in Turkish real estate law to ensure you understand all legal aspects of the deal.

Buying an apartment in Turkey and obtaining Turkish citizenship

Buying an apartment in Turkey for foreigners is considered an excellent investment opportunity to obtain Turkish citizenship and a Turkish passport and according to recent legislation, foreigners have the right to obtain Turkish citizenship by purchasing a property worth 400,000 US dollars or its equivalent in another currency and this option opens the door to many privileges and investment opportunities in Turkey, making investing in real estate holds great advantages for individuals seeking to achieve Turkish citizenship.

In conclusion, it can be said that the legal procedures for buying an apartment in Turkey in 2024 constitute a vital part of achieving a safe and successful investment and international buyers must adhere to legal terms and requirements, from obtaining a tax number to cash transfers.

Related articles:

Renewal of real estate residence in Turkey 2023
Cheap villas in Turkey for sale 2023
Buying real estate in Turkey in installments
Endless options within the Turkish real estate market
The fastest way to obtain Turkish citizenship
Apartments for Sale in Istanbul
Successful real estate investment in Turkey 2023
Luxury real estate for sale in Istanbul 2023
Buying real estate in European Istanbul 2023
Obtaining Turkish Citizenship Through Real Estate Investment
Real Estate Investment in Istanbul 2023
Types of Turkish passport and the characteristics of each
Feature of residential apartments in Turkey
Advantages of buying a property in Turkey with Ist Homes
Commercial lands for sale in Istanbul

#Istanbul_apartments   #real_estate_investment