buying an apartment in Turkey for the first time

Turkey recently witnessed many investors wanting to buy an apartment in Turkey for the first time. With this money, we will learn about all the details that include investing in Turkey for the first time.

In recent years, Turkey has witnessed an influx of many investors wishing to buy an apartment in Turkey for the first time especially after knowing the advantages of real estate investment in Turkey, as long as you can obtain Turkish citizenship by investing in the real estate sector in Turkey or obtaining real estate residence so there are many motives and reasons that motivated business leaders.

How to buy an apartment in Turkey for the first time?

As long as you are an investor wishing to own real estate in Turkey for the first time, you must follow the following steps to ensure a profitable deal:

1. In the beginning, it is necessary to determine your goal and purpose of buying an apartment in Turkey, regardless of whether your goal is to obtain Turkish citizenship or to obtain real estate residence, or even with the aim of real estate investment in Turkey in order to reap huge returns and huge financial profits when renting your apartment to tourists and visitors in summer seasons, especially since Turkey is a global tourist destination.

2. After knowing your purchase goal, you must determine the purchase budget and the geographical location, as it is known that the prices of apartments overlooking the Bosphorus and close to city centers are completely different from the prices of apartments far from public services and facilities therefore, one of the most important steps to buying an apartment in Turkey for the first time is to take into account the appropriate budget for the location in which you want to invest.

3. As long as you are going through the real estate investment process in Turkey for the first time, it is necessary to seek the help of a guaranteed and reliable real estate company with a good reputation, in order to avoid falling into real estate scams.

4. Before buying, real estate and field tours must be carried out in order to inspect all the apartments available for sale, and to ensure that they are suitable for real estate investment and free from any internal and external defects.

5. To conclude a profitable deal in Turkey, you must negotiate the prices of apartments in Turkey, through the help of the real estate agent or real estate companies, as they will provide you with offers suitable for your requirements.

6. After negotiating and choosing your future apartment, you must provide the price of the apartment and provide a deposit.

7. Familiarity with all the necessary documents and papers in order to start the process of buying real estate in Turkey.

8. After that, you must book an appointment at the Real Estate Registry Directorate, to submit all documents and papers related to real estate investment on Turkish lands.

9. Receive the title deed for your apartment.

10. Finally, you can furnish the property and open various bills.

Caveats and conditions for buying an apartment in Turkey

When buying apartments in Turkey, you must know the conditions and laws of investment on Turkish lands, and some observations to avoid falling victim to fraud cases. The following are the most prominent of these conditions and tips:

1. In the beginning, you must ensure the eligibility of the owner, in terms of having the right to carry out the sale.

2. Ensure that there are no taxes on the apartment.

3. Verify that there are no other buyers for the home.

4. You must inquire about the real seller of the house.

5. Ensure that there are no restrictions or reservation signs on the apartment, and that the property is free of rights resulting from the mortgage.

6. You must obtain a copy of the home ownership deed to ensure that the previous owner has not transferred the property to anyone other than you.

7. Verify that there is no tenant in the apartment, and if there is, the expiry date of the lease must be confirmed.

8. Examine the type of title deed known as the tapu.

9. It is very important to make sure that the area, specifications, and details contained in the title deed correspond to the shape of the apartment on the ground.

10. It is necessary to visit the apartment on the ground and verify its habitability.

11. In the event that you want to obtain Turkish citizenship by purchasing an apartment, the value of the property must be 400 thousand US dollars.

12. Make sure that the area of the apartment you want to buy does not exceed 30 hectares.

13. The apartment within the borders of the administrative region should not exceed 10% of the total area of the administrative region.

14. Your nationality should not be one of the nationalities prohibited from real estate investment in Turkey.

The investor must have reached the age of majority.

Documents required to buy an apartment in Turkey

The following are the most important documents and papers needed to purchase apartments.

1. An insurance policy against earthquakes and natural disasters.

2. Provide a personal photo of the seller and two biometric photos with a white background for the buyer, provided that they are not more than six months old.

3. A copy of a passport document valid for more than six months, translated and certified by a notary.

4. Submit a document indicating the value of the apartment, which can be obtained from the municipality of the area in which the apartment is located.

5. Bring a contract containing detailed and accurate information about the apartment to be purchased.

Is it recommended to buy an apartment in Turkey?

Some may ask whether it is advisable to buy an apartment in Turkey. Through the following paragraph, we will learn about the advantages of buying apartments on Turkish lands:

1. Obtaining Turkish citizenship by purchasing an apartment in Turkey with a minimum value of 400,000 US dollars, with a pledge not to sell or rent the apartment within three years.

2. In the event that you cannot obtain citizenship, you can obtain real estate residency by purchasing an apartment worth $75,000.

3. Obtaining a Turkish passport after granting you citizenship on the territory of the Republic of Turkey.

4. The Turkish government offers tax incentives to encourage foreign investors to invest in real estate in Turkey.

5. Real estate prices in Turkey are known to be cheaper than real estate prices in the European regions neighboring Turkey.

6. Turkey has been distinguished by infrastructure projects that positively affect the Turkish real estate market, such as: the new Istanbul Airport and the Istanbul Water Canal.

7. Investing in apartments is a long-term investment, meaning it is possible to reap huge returns.

8. The cost of living in Turkey is cheap, making it a home for those looking for long-term housing.

9. Turkey is characterized by the fact that it includes many medical centers, local hospitals, international universities and private schools.

10. Turkey was distinguished by its political and economic stability.

You can communicate with our specialized consultants to help you find an apartment suitable for your requirements and budget, and to facilitate the procedures for buying and investing in real estate in Turkey so feel free to visit our website for all the details related to the Turkish real estate market.

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