Tips when buying an off-plan property in Turkey

We will give you the most important tips when buying an off-plan property in Turkey that will help you make a smart and successful decision.. Continue reading

When it comes to buying a property in Turkey, the right advice and advice becomes crucial to success in this important investmen, as Turkey is one of the most attractive destinations for real estate investors around the world, as it combines the beauty of the natural environment and promising investment opportunities and if you are planning to buy an off-plan property in Turkey, we will provide you with crucial advice to help you make a smart and successful decision and together we will explore the important aspects to consider.

Tips when buying an off-plan property in Turkey

1. Study the site well and verify that it meets your needs and investment goals.

2. Verify that the property is licensed and legal, and request a copy of the legal documents.

3. Look for a reliable and reputable real estate developer.

4. Compare prices in the area and check that the price is fair and appropriate.

5. Inquire about any facilities provided by the real estate development company.

6. Consider maintenance costs, annual fees, and local taxes.

7. Check the availability of facilities such as swimming pools and gyms.

8. Know the delivery date of the property and confirm it.

9. If you need financing, research available financing options.

10. Make sure the design and space meet your needs.

11. Look for furniture options if the property is furnished.

12. Check the reputation of the area and community surrounding the property.

13. If you plan to rent the property, research the rental demand in the area.

14. Be sure to estimate future maintenance costs.

15. Read about real estate laws in Turkey and consult a lawyer if you need.

16. Check out your mortgage insurance options.

17. If you are not fluent in Turkish, find a translator or real estate broker who is fluent in your language.

18. Consult a local real estate consultant for additional tips.

19. Feel free to negotiate the price if you think it can be improved.

Advantages when buying an off-plan property in Turkey

1. Turkey offers a variety of real estate options including apartments, villas, residential and commercial projects.

2. The real estate market in Turkey is active and thriving, providing investors with many opportunities.

3. Real estate in Turkey is considered cost-effective compared to some other European countries.

4. Turkey’s major cities are witnessing advanced urban development and infrastructure projects.

5. Turkey has a diverse landscape of sea, mountains and forests.

6. Foreign investors can obtain a residence visa by investing in real estate.

7. You can easily rent your property to locals or tourists.

8. Many real estate projects in Turkey adopt the concept of environmentally friendly construction.

9. Many real estate projects offer services such as security, entertainment areas, and swimming pools.

10. Many projects are close to stores, schools, and restaurants.

11. Turkey offers reasonable costs of living compared to many other European countries.

12. Turkey is rich in history, culture and tourist attractions.

13. Real estate in Turkey is a good investment for the future.

14. Turkey enjoys political and economic stability.

15. Turkey enjoys a moderate climate throughout the year.

16. Turkey is a popular destination for tourists and investors from all over the world.

17. Turkey includes many high-level schools and universities.

18. Turkey is witnessing sustainable economic growth.

19. Investing in a property in Turkey gives you the opportunity to enjoy the country's cultural and social experiences.

Which is better to buy off-plan or ready-made property in Turkey ?

Let's take a look at the differences between buying an off-plan or ready-made property in Turkey:

Buying a ready property:

1. Buying a ready-made property in Turkey means that you will be able to move in and live in it or rent it immediately after the deal ends.

2. You can see and inspect the property before buying, which increases your ability to estimate its condition.

3. If you plan to rent the property, you will be able to receive rental income immediately after purchase.

Buying an off-plan property:

1. Off-plan properties in Turkey are usually less expensive than ready-made properties, which gives you the opportunity to get a property at a better price.

2. When buying an off-plan property in Turkey, you can sometimes customize the unit's layout and choice of finishes and features to your needs.

3. Off-plan properties in Turkey in developing areas can increase in value over time, which means that you may earn a good return on investment in the future.

4. You can negotiate better financing options when buying an off-plan property compared to a ready-made one.

5. New off-plan projects usually come with guarantees from the real estate developer.

How to buy an off-plan property in Turkey?

1. Start searching for off-plan real estate projects in the areas that interest you.

2. Visit potential projects and request information about developers and available properties.

3. Contact the real estate developer or its representatives for more details about the project.

4. Consult a local real estate attorney to review and examine the contract and ensure that it meets all local and international conditions and laws.

5. Once you agree to the terms and prices, sign the purchase contract with the developer.

6. You will usually have to pay a percentage of the purchase price as an initial deposit.

7. You may need to transfer the rest of the amount to the developer's account according to the schedule specified in the contract.

8. You must obtain a real estate purchase permit from the Turkish authorities.

9. After receiving the purchase permit, sign the final contract in front of an attorney.

10. After final signing, ownership of the property is transferred to your name.

11. Make sure you pay the fees and taxes related to the purchase and title registration process.

12. You may need to register the property with the local land registry.

In conclusion, purchasing an off-plan property in Turkey is an important and exciting investment step and if you follow the above tips you can have a successful and smooth experience and always remember that collaborating with a local and trusted real estate attorney can play a crucial role in ensuring the success of your purchase and compliance with local laws and regulations and with discipline and good research, acquiring an off-plan property in Turkey can be a valuable addition to your real estate portfolio and an opportunity to enjoy the rich culture and history of this wonderful country.

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