Buying Property in Turkey
If you’re interested in buying property in Turkey , you will need to educate yourself in order to enjoy a truly successful and safe investment. By learning how the real estate market functions in this exotic and beautiful nation, you’ll be one step closer to making smart real estate investment decisions. In order to help you get the vital facts that you really need, we’ve created a detailed guideline.
Whether you want to purchase apartments in Turkey , villas in Turkey, or any other types of properties, you will find that getting started isn’t as difficult as you may imagine. Once you’ve discovered the potential of investing in Turkey real estate, you’ll be ready to move forward, secure in the knowledge that you’ve accessed vital information that will assist you in selecting an ideal property (or properties) which fit your preferences and budget to absolute perfection.
Now, let’s get started, by talking about the rules that you’ll need to know before signing on the dotted line in Turkey.
Real Estate Rules to Consider
These days, buying property in Turkey is an appealing prospect for a variety of reasons. For example, because Turkey may soon enter into the European Union, real estate investors are beginning to sense the investment potential in this area. In addition, because rules for purchasing real estate (by foreigners) were relaxed in the early 2000s, it’s quite easy to select properties in the region, as long as preferred properties aren’t in the provincial areas of the country.
Currently, real estate investment levels from foreigners within Turkey total more than ten billion dollars. In particular, those who hail from Germany, Britain and Greece make a point of choosing Turkey real estate on a consistent basis.
As you can see, it’s fairly easy to buy property for sale in Turkey , as long as you choose the right areas. So, rules have a few restrictions, but not too many. However, while we encourage this form of investment, we do recommend proceeding with caution.
The best way to know all of the rules and stipulations which will come into play when you decide to buy property in Turkey is to read the official guide which was prepared by the Turkish federal government. You may find this guide online, at: http://www.mfa.gov.tr/guidance-for-foreigners.en.mfa
How to Get a Great Deal
Working with international or Turkish real estate agents who are reputable will be the key to unlocking the best deals. Therefore, you should take great care to vet prospective providers before moving forward with any deal. In other words, you really can’t do too much research and homework before doing a deal in this country. As long as you establish the reputation of your real estate agent or agency, while also ensuring the legality of any prospective purchase, you’ll be very safe. For this reason, seeking out legal advice from an attorney who specializes in foreign real estate deals may be well worth the financial investment that you make. So, choose the right agent or agency, get legal advice before putting down money, and then prepare to enjoy your new real estate investment. Whether you invest in order to rent out or sublet apartments in Turkey or villas in Turkey, or simply to enjoy your preferred property or properties yourself, you’ll find that take care during the pre-sale period is a crucial aspect of getting the safe and attractive real estate deal that you really deserve.
Know What You Want
When it comes to shopping around for Turkish real estate, it’s better to know what you want, because this will make it easier to narrow down your choices. For example, don’t waste your time looking at luxury villas if you’re on a shoestring budget. Conversely, don’t examine listings for Turkish properties in the budget price range if you want every conceivable bell and whistle.
For example, think about the number of bedrooms that you want, whether you’re looking for particular amenities, such as landscaped yards or courtyards, and whether or not you want modern kitchens and bathrooms. In other words, decide what is most important to you before proceeding. Then, outline your needs on a piece of paper or in a digital document. You may want to share your real estate “wish list” with your real estate agent or agency – this will facilitate the process of your agent or agency selecting viable properties for you to consider.
There should be a selection of attractive properties which suit your needs. Once you’ve established what you want, you’ll be ready to check prices for these properties. Bear in mind that you may be able to barter to some extent, just as you would when trying to do a real estate deal in North America.
Check out Properties in Person
While many investors do buy foreign real estate “sight unseen”, with the help of real estate agents or advisors, it’s always wiser to see a property, up close and personal, before making a final decision. After all, video footage or photographs may be somewhat deceptive. In other words, consider taking a trip to Turkey in order to see the properties which are most appealing to you. When you do, you’ll be able to establish the quality and condition of these properties with your own eyes. In addition, you’ll be able to look at neighborhoods and other variables which are incredibly important when it comes to investing in real estate.
Now that you know more about how to invest in this type of real estate, you’ll be ready to move forward. By checking Turkish real estate listings online, you’ll be one step closer to getting the impressive end result that you need. While some listings may be private, and therefore accessible only via a real estate agent, others will be readily available with just a quick and simple Google search.
So, why not take the plunge today? Make the most of foreign real estate investment by choosing a Turkish property (or properties). When you do, you’ll be able to enjoy beauty, quality and great resale value.