The most important documents when buying apartments in Turkey
When searching for a home or real estate investment in Turkey, the apartment buying process turns into an exciting and enjoyable experience, as Turkey's real estate market becomes more popular among both local and foreign investors, understanding the necessary documents becomes vital to ensure a smooth purchasing and ownership process and we will take a closer look at the most important documents that you should be aware of when buying apartments in Turkey.
Table of Contents
Advantages of buying apartments in Turkey
- Turkey's real estate market is considered among the most profitable in the region.
- Turkey offers real estate at competitive prices compared to some other countries.
- Turkey offers a wide range of apartments in different sizes and designs.
- The possibility of obtaining Turkish citizenship by investing in real estate.
- Turkish cities have advanced infrastructure and amenities.
- Owning a property can make it easier for you to obtain a residence visa.
- Some areas offer wonderful views of the sea or mountains.
- Turkey enjoys a state of political stability.
- Turkish cities offer an active nightlife and entertainment activities.
- Experience the unique and delicious taste of Turkey.
- Diverse markets and wonderful shopping experiences.
- Turkey has a health system that meets medical needs.
- Turkey provides high-quality educational institutions.
- Rich history and diverse cultural heritage.
- Possibility to communicate in the Turkish language and understand their culture.
- An advanced transportation system and convenient public transportation.
- Turkey provides modern communication technologies.
- A trend towards sustainability and a clean environment.
- Moderate weather throughout the year in some areas.
- Possibility of practicing various sports and recreational activities.
- A safe environment for living and investment.
- Ease of movement inside and outside cities.
- It provides luxury apartments with high-quality features.
- Banks provide facilities to real estate investors.
- A tax system that is considered investor-friendly.
- Turkey's proximity to the European continent.
- An increase in the number of modern real estate projects.
- Enjoy the spirit of hospitality and welcome.
- The possibility of working and establishing a business in an active economic environment.
The most important documents when buying apartments in Turkey
- Provide the buyer's tax number to ensure legal compliance.
- Provide clear personal photos of the buyer for verification and registration purposes.
- Ensure the validity of the buyer’s passport to ensure the authenticity of the documents.
- Submit a copy of the passport translated and certified by the Turkish notary.
- Obtain a real estate evaluation report to independently determine the value of the property.
- Preparing a real estate purchase contract certified by the Turkish notary to ensure legal legitimacy.
- Submit a receipt proving the sale of foreign currency to the Central Bank of Turkey.
- Presenting a receipt proving the transfer of the property value in Turkish Lira to the seller’s account.
Warnings when buying apartments in Turkey
- Ensure the legality and legality of the property by examining the necessary documents and certificates.
- Verify the identity of the seller and check his commercial register.
- Obtain the services of a local and experienced real estate agent to facilitate the process and guide you properly.
- Verify that the apartment or real estate project has the necessary building permits.
- Verify that there are no debts on the property or on the real estate developer.
- Inspect the infrastructure surrounding the property, such as roads, sewage system, and electricity.
- Research any potential legal issues in the area or property.
- Ensure you understand all payment terms and payment schedule.
- If you are relying on financing, make sure you arrange it well and understand all the terms.
- Check for guarantees from the real estate developer regarding quality and delivery.
- Do not engage in quick negotiations and search for the best deal.
- Obtain an independent evaluation of the property to ensure that you are not overpaying.
- Understand potential tax liabilities to avoid future problems.
Types of apartments in Turkey
There are various types of apartments in Turkey, and they vary according to personal needs and preferences. Here are some common apartment types in Turkey:
Studio apartments:
Small apartments, often consisting of one room, have an open living and sleeping area.
One-bedroom apartments:
It consists of one bedroom plus common areas such as the living room and kitchen.
Two-bedroom apartments:
It provides additional space thanks to the presence of two bedrooms, making it suitable for small families.
Three-bedroom apartments or more:
Suitable for large families or those who need extra space.
Penthouse:
They provide additional roof space on the property and often have private terraces or gardens.
Duplex apartments:
It extends over two floors and usually has bedrooms on the upper floor.
Hotel Appartments:
Offering hotel amenities with separate living spaces, they are often used for short stays.
Luxury apartments:
They feature modern design and luxurious facilities such as spa baths and private pools.
Apartments in residential complexes:
They are located in enclave communities and offer shared facilities such as swimming pools, gyms, and children's play areas.
Furnished Apartments:
It comes with basic furniture and fixtures, making it easy for buyers to move in effortlessly.
Apartments under construction:
Buyers can participate in the design and customization of the apartment before construction is completed.
In conclusion, it appears that the process of purchasing apartments in Turkey requires great attention to details and legal documents and obtaining the correct documents plays a crucial role in ensuring the success of the transaction and avoiding future problems and among the main documents to take into consideration are the buyer's personal documents, documents for the property itself, in addition to documents related to financing and taxes.
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
#Turkish_citizenship #Turkish_real_estate #Isthomes
