important documents when buying apartments in Turkey

If you are thinking of real estate investment in Turkey, there are some documents that you should know before buying any property. In this article, we will get to know them..

With the increasing interest in buying real estate in Turkey, foreign investors must familiarize themselves with the documents they need to buy apartments in Turkey, and this topic is one of the most important questions asked by new investors who are looking for rewarding and safe investment opportunities in Turkey.

What are the most important papers when buying apartments in Turkey?

Take a look at the most important documents that must be extracted when buying real estate and apartments in Turkey:

1 - Extracting the tax number

Issuing the tax number is one of the most important steps in buying real estate in Turkey, as it qualifies the buyer to obtain the necessary documents to obtain the title deed and to complete the legal procedures with ease as the tax number is obtained by reviewing the local tax department and submitting the necessary personal and financial documents.

Among the required documents are a copy of the passport and tax number and in addition to personal photos of the buyer, once the tax number is obtained, the purchase and receipt procedures can be initiated with ease and speed.

2 - The real estate appraisal document

It is a necessary document when buying a property in Turkey, as it contains a detailed report on the value of the property as licensed real estate appraisal companies conduct an appraisal of the property based on several factors, such as the location, general condition of the property, and others and this report helps determine the value of the property and makes the buying process more transparent and trustworthy and in addition, the buyer must ensure that there are no previous unpaid taxes of the previous owner of the property

3 - Earthquake insurance policy

This document comes to protect the new owner of the property from financial losses resulting from earthquakes as it enables him to maintain the integrity of his property after the earthquake, and the value of compensation is calculated and delivered to the affected real estate owner as the foreign resident in Turkey is required to obtain this document by registering the tax number and obtaining a receipt for payment of insurance fees as this would preserve the rights of the owner and reduce costs resulting from earthquake damage.

4 - Title deed document

It states that the property belongs to the buyer and has ownership rights and in order to obtain this document, the official procedures require the payment of a special fee as the prices of the title deed fees vary from one region to another and depend on the size and value of the property as the buyer must prepare some documents for the tapu application, such as a copy of the personal identification card and a copy of the passport.

5 - A copy of the passport

The copy must be in Turkish and certified by a notary, in addition to the original passport and a foreign buyer should take care to arrange his documents carefully, as proper and complete documents form an important part of the property purchase process as the buyer should abide by the country's laws and legal standards for buying real estate in Turkey, to ensure a successful and satisfactory real estate experience.

Steps to buy apartments in Turkey

You must first find a real estate agent with a good reputation and a respectable history, then agree with the owner on the price and sign an initial contract after that, the real estate appraisal document and the earthquake insurance policy are issued, and a copy of the passport is obtained as the property purchase contract is prepared and handed over to an independent lawyer for validation, and then the amount is transferred to the owner's account or to the secured banking account.

Problems of buying an apartment in Turkey

Most notable among them is the presence of the mediator and the inability to understand all the procedures that they must follow and in addition, buyers can face problems in determining the real price of the property due to the lack of some basic information related to the property also, some unreliable real estate companies can defraud investors and sell suspicious real estate to them.

The costs of buying apartments in Turkey

Now is a very good time to buy apartments in Turkey as the price of an apartment in many parts of Turkey can be half compared to real estate prices in other countries, and this comes in conjunction with the possibility of obtaining a quick and easy real estate residence as it is worth noting that there are several costs associated with buying a property in Turkey, including:

The agreed-upon price of the property, property title deed fees, attorney fees, in addition to tax fees and in addition, there are other costs such as earthquake insurance policy fees and the real estate appraisal document, which are documents that protect the property owner and buyer from any risk.

Motives behind buying apartments in Turkey

It is the low price of real estate, which makes buying a property more feasible compared to other countries as the current economic prosperity in Turkey and the increasing demand for real estate make real estate investment in the country feasible and profitable also, Turkey is characterized by its rich cultural history and stunning natural aesthetics, which makes it a wonderful destination for living and investment.

Obtaining Turkish citizenship through real estate investment is also a strong motivation for many investors and in addition, real estate laws in Turkey are easy to understand and allow buyers to protect their property rights and obtain legal and secure contracts.

Common questions:

1- Can a Syrian buy a house in Turkey?

Syrians cannot buy real estate in Turkey, but it is possible in one case, which is establishing a company and registering the property in the name of the company.

2 - Who has the right to own property in Turkey?

All foreigners except those holding Armenian, Cuban, North Korean, Syrian and Greek Cypriot citizenships.

3 - What is real estate residence in Turkey?

It is a legal document that allows its bearer to stay in Turkey in a legal way without being exposed to any problems or violations, and its duration is one full year, renewable within easy and simple steps that do not require much time or difficulties.

With Kataliyaproperty Company, you can get the best real estate offers and all the assistance you need in the ownership journey.

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