Common terms in the Turkish real estate market

If you are interested in the Turkish real estate market, in this article we will learn about the most common terms in the Turkish real estate market.

If you decide to enter the Turkish real estate market, you will find many common terms that you will face and this is what made Kataliyaproperty Company in this article prepare a report through which we refer to the most famous and important real estate terms that you may encounter.

Learn about the most important terms in the Turkish real estate market

And through the following paragraphs, are the most important names that you will need when buying real estate in Turkey.

Title Deed:

It is an official document that proves the ownership of the property, and contains important information such as the plot number, area, location, and the name of the property owner.

Mortgage:

It is a bank insurance that is established on the property, in order to guarantee the payment of debts in the event of the inability to pay them.

Commission:

It is a percentage paid to the real estate broker upon completion of a real estate sale or purchase transaction.

Real estate project:

It is a collection of real estate properties that are constructed in one place, and contain common services such as swimming pools, gardens, and playgrounds.

Rent:

It is a contract between the owner of the property and the person who rents it as this contract includes detailed terms about the rental period, the rent due and the guarantees required and rental prices vary according to the type of property and the region.

Government fees:

This fee includes all taxes and fees that must be paid to the government when buying or selling a property as these fees vary according to the type and value of the property.

Real estate insurance:

It is a type of insurance that covers the losses of any damage that occurs to the property, whether it is as a result of an accident or a natural disaster as it also includes contents insurance inside the property.

Penthouse:

It is a term that refers to an apartment located on the highest floor of a building, and it is characterized by the presence of a large outdoor space that is considered as the floor of the apartment and it can be used as a private garden or a place to relax and enjoy the stunning view.

Duplex:

It is a term that refers to an apartment consisting of two floors, where the rooms are distributed on the two floors, and the second floor can be reached through an internal staircase that connects the two floors.

Residential complexes:

It is a term that refers to a group of buildings that contain apartments, and is characterized by the presence of common services such as swimming pools, gardens, gyms, and playgrounds.

Town House:

It is a term that refers to a two-storey house, which extends along a row of buildings and has a private entrance and a private garden.

Real estate advisor:

He is a person who specializes in the field of real estate, helping investors in choosing the right property and making the right purchase or sale process.

Villas:

It is a term that refers to a large and luxurious house, characterized by a private garden, swimming pool and many rooms.

Real estate company:

It is a company working in the field of real estate, providing services such as buying and selling real estate and property management.

Triplex:

It is a term that refers to an apartment consisting of three floors, where the rooms are distributed on these floors.

Studio:

It is a term that refers to a small apartment that contains a bedroom, a hall, a kitchen, and a bathroom, and it is suitable for individuals or couples looking for a small residence.

Hotel Apartments:

They are residential apartments similar in design and services to hotels, as they feature services such as daily cleaning, room service, and breakfast.

Real estate appraisal:

It is a term that refers to the process of determining the value of the property, based on several factors such as the area, location, and finishing condition of the property.

Real Estate Investment:

This term refers to the purchase of real estate as an investment and involves buying real estate to invest in and renting or selling it at a later time at higher prices.

Turkish nationality:

Turkey allows investors to obtain Turkish citizenship, provided that they purchase a property worth $400,000 or invest in the country for $500,000 or more and the benefits of Turkish citizenship include the freedom to travel to most countries of the world without a visa.

Real estate residence:

It is a residence permit granted to foreigners who buy real estate in Turkey and allows its holder to reside in Turkey for a period of up to one year subject to annual renewal.

Real Estate Marketing:

It is the process of marketing real estate to real estate sellers or developers, and this process includes the use of social media, advertisements, and real estate promotion.

Real estate development:

It is the process of converting an empty plot of land or an old building into a new real estate project and this process includes design, construction and marketing.

The down payment in real estate:

It is a sum of money paid by the buyer as a guarantee to the seller on the purchase of the property and this amount is non-refundable if the buyer withdraws from the purchase.

The seller:

It is someone who sells real estate and the seller is often the owner of the property.

The buyer:

He is a person who buys a property, and the buyer is often looking for a property to use as a residence or as an investment.

Key delivery:

It is the process of handing over the keys to the buyer after completing the purchase of the property, and this means that the buyer becomes the owner of the property.

Real estate broker:

A person who assists in the process of buying or selling a property, and the realtor often takes a commission on the transaction.

Installment apartments:

These are apartments that are purchased by installments, and these apartments are usually in new real estate projects.

Apartments under construction:

These are apartments whose construction has not yet been completed and this is often an attractive option for those looking for a new apartment at lower prices.

Real estate fraud:

These are illegal practices in the real estate market and these practices include concealing important information from the buyer or forcing him to pay excessive sums of money.

Shops:

They are used for commercial purposes, and these shops are often located in the commercial areas of cities.

Order the best real estate offers in Turkey from our consultants and start your real estate investment project safely and comfortably as many offers are waiting for you to pay in cash or in installments and you have the freedom to choose according to what suits your financial budget so do not hesitate, as special opportunities do not wait.

Related Article:

apartment prices in Turkey.

Turkish citizenship through real estate investment 2023.

Apartments for sale overlooking the Bosphorus in Istanbul.

Istanbul's earthquake resistant real estate.

types of Turkish passport.

Features of residential complexes in Istanbul.

Apartments for sale in Turkey in installments.

A comprehensive guide about real estate residence in Turkey.

A report about apartment prices in Turkey.

cheap apartments in Istanbul.

Steps to buy villas in Turkey in detail.