Owning a property in Turkey is a dream for many people, whether for living or investment…
In this article we will show you a list of important things that a property buyer must check before buying, as we aim to clarify some important details that may be unknowledgeable for the buyers such as title deeds, taxes, and real estate companies mission.
- The verification of the apartment title deed before buying
During this verification process you need to have honest experts who will guide you, and guarantee that all the information about the title deed is correct, and it matches the property, such as the lawyer of the company.
-The property should be free from mortgages
And the buyer can check about this in the Land Registry Department, or through the company's lawyer.
Note: in case of buying a real estate in Turkey worth 250,000$ to obtain the Turkish citizenship, the real estate registry will be imposed a mortgage on the title deed, as it is forbidden to it sale it before three consecutive years… so the buyer must wait until the three years are over then he can sell it.
- Check about the construction company if the purchase option is a property under construction
Check whether the project construction company has complete projects or not, and ensure that there are no penal conditions in their contract… you might check this with the translators, and the lawyers of the company that you are dealing with.
- Check the documents that are added to the title deed
As the following papers must be available:
- A document to change the owner of the property, with payment of dues, fees, etc.
- Real estate registration document with payment of fees due
- A quittance to ensure that there are no debts or costs that require payment
- The Translation of the purchase contract
Also, the contract must be notarized in order to be legal, this matter can be done as we mentioned previously by the company's lawyer who will guide the customer, and verify all his legal matters.
-Securing earthquakes and natural disasters
Earthquakes and natural disasters insurance document must be obtained, and this is a mandatory condition for obtaining a sale contract in Turkey, it is known as DASK document.
Also, most modern residential complexes in Turkey, especially in Istanbul, were built with ideal earthquake-resistant specifications.
Buying a real estate in Turkey by installment payments:
Construction companies in Turkey usually sell properties by installments, often the down payment is between 30% to 40% of the property's amount, and the remaining installments are paid within the agreed periods between the buyer and the construction company.
So when you buy a property by installment in Turkey, you should pay attention to:
- The amount and timing of the installment payment
- The total time period to pay all installments
- Conditions that you may incur if you don't pay the installments
- The deductions you will have if you previously paid a set of installments in one payment
- The paying currency and usually it is the Turkish Lira
- Installments Paying method, and the ability to pay by bank transfer
We should mention that if you bought real estate in Turkey by installments to obtain the Turkish citizenship, as you can only obtain it in the following cases:
- The first installment payment must be minimum 250,000$, in this case, you can apply for Turkish citizenship after paying the first installment
- The total installments you paid should reach 250,000$
- The total real estate price should be 250,000$, so you can apply for citizenship after paying all the installments
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 Turkeyis only a way to gain Turkish citizenshiporreal 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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