Problems you may encounter when buying a property in Turkey

In this article, we will show you the most important problems that you may encounter when buying a property in Turkey. Continue reading to learn more..

It makes sense to visit Turkey to enjoy its picturesque scenery and learn about its rich culture, but, if you are looking to buy a property in Turkey, you should pay attention to some problems that you may encounter at this step.

Apart from the aesthetics of nature and culture, there are legal matters that you need to focus on, which if ignored by you may cause subsequent problems that may be very costly and in this article, we will talk about some of the problems that you may encounter when buying a property in Turkey, and we will show you how to deal with them safely and easily.

Learn about the problems of buying a property in Turkey

Here are the most common problems that you may encounter about real estate ownership in Turkey.

1- The language barrier and dealing with real estate contracts

It is considered one of the biggest problems that foreign investors may face when buying real estate in Turkey and this is because they may not be able to understand contracts and documents due to their lack of proficiency in the Turkish language.

To solve this problem, foreign investors are advised to work with a professional real estate agent who is fluent in English and has sufficient experience to deal with purchase and sale contracts, as Foreign investors should also be familiar with the basic real estate terminology in the Turkish language in order to avoid any problem in the future.

2 - Scammers and unreliable companies

Some take advantage of their lack of experience and lack of sufficient knowledge in the real estate market in Turkey, by providing false offers and false information about real estate for sale and therefore, it is necessary to be careful and check the credibility of the company that gives you an offer to buy a property in Turkey, and make sure of its reputation and ratings by previous clients and you must be careful and careful and not get carried away by fake offers and companies with a bad reputation to avoid any potential losses.

3- The changes in the exchange rates of the Turkish lira

Real estate prices in Turkey are affected by changes in the price of the Turkish lira due to the dependence of the real estate value on exchange rates and when the price of the US dollar rises or the value of the Turkish lira declines, this leads to an unexpected increase in the price of real estate, which constitutes a challenge for those wishing to invest in real estate and therefore, it is advised to be careful and careful and follow the price of the Turkish lira before buying, and to work with reliable and reputable companies in the Turkish real estate market.

4 - Lack of knowledge of the steps and stages of purchase

The purchase process is not limited to the mere search for the appropriate property and payment, but you also need to adhere to the required procedures in a timely manner and these required stages and steps include obtaining the necessary approvals, preparing contracts, transferring funds to the seller's accounts, and other procedures and therefore, it is very important for the buyer to learn about it and advise him to work with reliable companies to ensure that the process ends successfully.

5 - Not having enough information about the Turkish real estate market

Experts agree that one of the main problems of buying real estate in Turkey is that the buyer does not have sufficient information about the Turkish real estate market and therefore, it is necessary for the foreign buyer to be careful, aware, and research seriously before starting the purchase process.

Not knowing the Turkish real estate market and knowing it fully may lead to making wrong decisions regarding real estate, and thus avoiding large material losses and therefore, buying a property in Türkiye needs to be read and avoid quick procedures.

6 - Not knowing the prevailing customs in buying

The validity and legal status of the property must be verified, and the official deed proving its ownership is available and they must also take care of the correct legal documents and certificates necessary to conduct real estate transactions and it is very important to follow the procedures followed in Turkey and not to conclude any transaction without consulting an experienced lawyer with knowledge of Turkish laws and the full terms of the buying and selling procedures.

7 - Taxes and fees required upon purchase

This consists of property transfer fees, value added tax, and real estate registry fees and buyer should check with local authorities for accurate information and make sure all taxes and duties are paid prior to purchase and there may be tax exemptions for some buyers, and the selected real estate company can provide assistance with this and the buyer should make sure to pay all duties and taxes accurately to avoid any future legal problems.

8 - The amount required for payment is not available

Buyers may have difficulty negotiating the optional contract and required advance payments and usually, a sum of money is required to be paid as a security when signing the optional contract, and this amount may reach 10% of the value of the property.

9 - Not choosing the right drug for the target

You must choose a safe and quiet area where important services are available and modern properties that contain modern amenities such as swimming pools, gyms, and gardens are preferred and a reliable and experienced real estate agent must be chosen in the Turkish real estate market, so that he can guide the buyer towards the most appropriate property at the right time and with the best available prices and guarantees.

Common questions:

1. What are the common problems that you may encounter when buying a property in Turkey?

- You may encounter problems in obtaining the necessary permits for purchase, determining the actual area of the property, and ensuring the safety of construction and compliance with local laws.

2. How can I protect myself from fraud and manipulation when buying a property in Turkey?

- You must ensure that you choose a reliable real estate broker, check the records of developers and sellers, and ensure that all documents are correct before signing.

3. Are there other taxes that must be paid in addition to purchase taxes when buying a property in Turkey?

- Yes, additional taxes must be paid such as land title registration taxes, in addition to lawyer and real estate broker fees and all applicable taxes and duties must be verified prior to purchase.

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