common questions about buying apartments in Turkey

There is no doubt that buying an apartment in Turkey is a successful investment, but before buying an apartment, there are some questions that many ask, and we will present them to you in this article with their answers.

Recently, the idea of buying apartments in Turkey has become popular among those interested, but before proceeding with the purchase process, you must make sure of some things and answer some common questions that many people ask about buying apartments in Turkey and below, we will review some of them, along with their answers.

Find adequate answers about buying apartments in Turkey

Through the following paragraphs, we will work to clarify some ambiguous points and answers.

1. What are the necessary procedures to buy an apartment in Turkey?

To buy an apartment in Turkey, you must first obtain a tax number from one of the tax departments distributed in the country, and after that, you must open a bank account in Turkey, and transfer the amount required to buy the apartment to this account after that, you can start looking for the right apartment and making the purchase.

2. Is it possible to buy an apartment in Turkey with Turkish lira, dollars or euros?

You can buy an apartment in Turkey in any currency you want, whether it is Turkish lira, dollars or euros, however, it is advised to convert the amount into Turkish lira before purchasing to avoid any problems with cash transfers.

3. What are the costs involved in buying an apartment in Turkey?

The costs involved in buying an apartment in Turkey vary according to the size of the apartment, its location, the level of finishes, and other factors and in general, costs can be estimated at 4% to 6% of the apartment's value, and include cash transfer fees, brokerage fees, registration fees, and taxes.

4. Is it possible to obtain residency in Turkey after purchasing an apartment?

Yes, it is possible to obtain residency in Turkey after purchasing the apartment, and real estate investors who buy apartments worth $75,000 or more can obtain Turkish residency faster and do not forget that the real estate residence is one of the most important and flexible residences.

5. Do I have to pay tax when selling the apartment in the future?

Yes, you must pay tax when selling the apartment in the future, and the tax rate ranges between 15% and 35% of the value of the net profit as it is known as income tax, but the good news is that if you sell the apartment after 5 years have passed, you will not have to pay it, and if before you will have to pay it.

6. What are the basic features of buying apartments in Turkey?

Turkey is characterized by reasonable real estate prices compared to other European countries.

- Many Turkish cities are characterized by distinctive locations, where investors can buy apartments in tourist areas such as Bodrum, Antalya, Bursa, and the capital, Ankara.

Investors can obtain Turkish citizenship if they purchase a property worth $400,000 or more.

7. What are the distinctive cities for buying apartments in Turkey?

Turkey is distinguished by many cities that make it an ideal destination for buying apartments, and the most prominent of these cities are:

- Istanbul is one of the most important Turkish cities for buying apartments, as it has a wide range of apartments in privileged locations and reasonable prices.

- The city of Antalya is characterized by wonderful beaches and stunning landscapes, where investors can buy apartments in areas such as Konyaalti and Lara.

-Bodrum is characterized by its wonderful and calm atmosphere.

8. What is the importance of the real estate appraisal document?

The real estate appraisal document is one of the important official papers that investors must obtain before purchasing an apartment, as this document contains many important information about the apartment and the building in which it is located, such as the value of the apartment, the condition of the building, and the area in which it is located as investors can obtain this document through the relevant government agencies in Turkey.

9. What is the importance of a real estate consultant in buying apartments in Turkey?

The services of a real estate consultant are one of the important services that investors must obtain before purchasing an apartment, as a real estate consultant can provide assistance and advice to investors in all steps related to purchasing an apartment, such as choosing the appropriate area and obtaining the necessary purchase documents as investors can find reliable real estate consultants in Turkey by searching on the Internet or contacting the competent authorities.

10 - What is the earthquake insurance policy?

The earthquake insurance policy is one of the important documents that every real estate buyer must obtain before purchasing as it protects the buyer from any financial losses that may occur as a result of an earthquake or other earthquakes as the cost of this document varies based on the value of the property and its location.

11- What are the advantages of buying a sea view?

The sea view is one of the most important features that buyers look for when buying apartments in Turkey, as it gives the buyer a sense of calm and relaxation and provides him with a stunning view of the sea also, apartments with sea views are often more valuable and have a good market in case the buyer wants to sell them in the future.

12- What types of apartments are available in Turkey?

In Turkey, there are different types of apartments that suit all tastes and budgets as there are luxury apartments that have all the modern features and unique designs, and there are more moderate apartments that suit limited budgets and there are also apartments of different sizes, starting from studios to large apartments that are suitable for large families.

13. What is the importance of buying apartments in Istanbul near public transportation?

Public transportation is one of the most important services that investors look for when buying apartments in Istanbul, as it provides them with safe and efficient means of transportation to move inside and outside the city as apartments close to public transportation have higher prices and higher rental rates, which makes them a good option for investment.

14- What are the reasons that made Istanbul the most sold city for apartments?

Istanbul is a distinguished city with many factors that make it a preferred destination for real estate investment, including its distinguished geographical location and its rich history of culture and civilization as the city is also witnessing rapid economic growth and continuous urban development, which makes it an ideal investment destination for real estate investors.

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