Cautions when owning a property in Turkey

Through this article, we will learn about the most important caveats that you should be aware of when buying a property in Turkey..Continue reading

When it comes to buying a property in Turkey, it is an important investment decision that requires taking many precautions and while Turkey offers interesting opportunities in the real estate sector, it also carries some caveats that investors should be aware of and in this article, we will look at some of the main caveats that you should consider when considering owning a property in Turkey and we will review the potential risks and challenges that investors may face, as well as the actions to be taken to reduce these risks.

The most important caveats when owning a property in Turkey

Through the following paragraphs, we will learn about the caveats when owning a property in Turkey:

Check the condition of the property

1. Before making a purchase decision, you must visit the property yourself, inspect all rooms and facilities and check their general condition, ask the seller to show you all aspects of the property accurately.

2. Verify the validity of the title documents and make sure that the property is properly registered in the name of the seller and that there are no conditions or restrictions on ownership and check the property registry and legal documents related to it.

3. Ask the seller to provide documentation confirming the date of construction and building permits associated with the property and verify that construction was carried out in accordance with local laws and regulations.

4. Pay attention to any structural defects that may affect the safety of the property, such as: water leakage or cracks in the walls and you can hire an architect to assess the condition of the building and ensure that there are no major structural problems.

5. Ask to know more about the area around the property, are there any environmental problems or disturbing noises? Are there plans for nearby projects that could affect the value of the property?

6. Check the property's records to make sure there are no legal cases pending on the property.

Familiarity with real estate laws and regulations

1. You must have a valid title deed registered in the Real Estate Registry to prove your ownership of the property.

2. Foreigners are allowed to own real estate in Turkey according to the specific laws, however, foreigners must obtain a permit from the Turkish Ministry of Interior before purchasing real estate, there are some restrictions and conditions that must be adhered to.

3. You must pay the fees for buying a property in Turkey, including the purchase tax and registration fees,

4. The value of these fees depends on the price of the property and varies between governorates.

5. Real estate in Turkey is associated with building permits issued by the local authorities and developers must comply with specific building codes and regulations and ensure that necessary permits are obtained before starting any project.

Not to buy a property in Turkey in an old building

1. Some older buildings have cracks in the walls, water leaks, or other structural problems, which may require additional costs and significant efforts to repair.

2. An old building may have outdated technology that is not suitable for modern needs, utilities may be out of date and inefficient in terms of energy, water, heating and ventilation.

3. This building is having difficulty complying with modern building regulations and safety and environmental standards, it may be difficult to achieve the necessary updates to meet these regulations.

4. If you want to renovate the property and transform it into a modern and functional look, it can be difficult to do the remodeling process in the old building due to the structural limitations and challenges.

Visit the property on the ground

1. You can check the condition of the property directly when you visit, you can check the quality of the construction, the state of maintenance, and the internal and external finishes, it is possible that problems or defects that are not visible in the pictures or the initial description of the property may appear

2. The possibility of determining its proximity to public services such as schools, hospitals, and shops, and you can also check the surrounding landscape and nearby facilities.

3. An opportunity to talk to neighbors and get to know the local community, get additional information about the area, safety, and the general environment.

4. Assess the suitability of the property for your personal needs and requirements When you visit it, you may see the size, design and distribution of rooms on the ground and determine whether it matches your requirements.

5. When visiting the property, you can discuss with the seller or real estate agent directly, exchange views and negotiate.

Not to use unreliable real estate companies

1. Thoroughly research potential real estate companies and assess their reputation and track record in the market, and use reviews and recommendations from previous customers for additional information.

2. Check the company's professional licenses and certifications, and reliable real estate companies are often registered and licensed to operate in the market.

3. Ask to know the company's experience in the real estate market and its record in executing successful real estate deals.

4. Before dealing with a real estate company, read and understand well all the contracts and terms related to the deal, make sure that the contracts protect your interests and clarify all the important details.

5. Conduct personal interviews with representatives of the real estate company before embarking on any transaction and use these interviews to ask questions, clarify concerns, and check for professionalism and communication.

Tips when buying a property in Turkey

1. Do extensive research on the real estate market in Turkey and consult experts in reliable real estate companies.

2. It is advised to deal with a reliable and licensed real estate company in Turkey, where the real estate company can provide assistance in finding the right property, negotiate the price, and conduct legal procedures.

3. Make sure that the property does not have any legal problems such as unpaid financial obligations or pending legal cases. You can obtain a legal report from a specialized lawyer to verify the condition of the property.

4. Negotiate the price with the seller, and compare similar prices in the area to ensure you're getting a fair deal.

5. Carry out a technical inspection of the property to check the condition of the building, finishes, and mechanical and electrical systems.6. Make sure to read and understand all documents and contracts related to the deal, make sure that all important details such as price, duration, payment terms, and the rights of both parties are clarified.

Common questions

What are the advantages of buying a property in Turkey?

1. The opportunity to obtain Turkish citizenship by purchasing a property in Turkey worth $400,000.

2. The possibility of obtaining real estate residency by purchasing a property in Turkey with a value of $75,000.

3. Benefit from the tax incentives offered by the Turkish government to those wishing to invest in real estate in Turkey.

4. Obtaining a Turkish passport after being granted Turkish citizenship.

What are the potential legal risks when buying a property in Turkey?

Legal risks may include incorrect documentation of the property, unpaid financial obligations on the property, or pending legal cases.

How can I properly check and document the condition of the property?

It is recommended to obtain a legal report and a technical examination of the property through a lawyer and an accredited technical engineer, who will evaluate the condition of the property and ensure the authenticity of documents and documentation.

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