What foreign citizens need to know about buying real estate in Turkey

  • 23 September 2023
What foreign citizens need to know about buying real estate in Turkey

Turkey attracts many foreigners as a place to invest in real estate or to purchase a second home for personal use. This country is famous for its nature, historical sights and the hospitality of local residents. However, when buying real estate abroad, it is necessary to know some features.  In this article we will look at the important aspects of buying real estate in Turkey for foreign citizens.
Choosing an agency
Let's start with the fact that buying a property begins with choosing a reliable agency. It should be a company with a good reputation. Information can be easily found from the Internet, after reading reviews on thematic forums and websites, Agents should not only help you choose the appropriate object, but also follow the entire transaction procedure, including collecting documents for registration of TAPU (certificates of ownership) and go through all stages of the transaction.
What are the duties of an agent
The agent must select the object in accordance with the client's request. Then check the property for the absence of encumbrances and collect documents for Tapu registration. The contract of sale is concluded in two languages - Turkish and the buyer's native language. Agencies with a good reputation are the guarantor of the transaction and prescribe this in the contract for the provision of real estate services. 
Registration of real estate transactions
Real estate transactions in Turkey are registered only with the Cadastre and Tapu Office. Notaries do not have the right to deal with the registration of documents related to the purchase and sale and re-registration of ownership documents. 
Factors affecting the price of real estate
The price of real estate in Turkey may depend on several factors, location in a city or area, proximity to the sea, respectability of the residential complex of the complex, year of construction, number of floors, and the view from the windows. let's look at each of them in more detail:
Location. Depending on the choice of locality and location, prices will vary. It is quite natural that a villa on the seashore will be more expensive than an apartment on the secondary market in a little-known province.
Infrastructure. Complexes with developed infrastructure, including swimming pools, fitness centers and restaurants and other facilities will cost more
Year of construction.New buildings have a higher price compared to the objects of the secondary market.
Number of floors and type. In Turkey, apartments on the lower floors are cheaper. Accordingly, an apartment with a sea view on a high floor will be more expensive.
Supporting documents
The main proof of ownership of real estate in Turkey is a Tapu (certificate of ownership). Also, a necessary document is also an iskan - a technical passport for the house or a certificate of acceptance of the house in operation. 

Before purchasing real estate, it is always necessary to check the documents for legal purity and compliance with the norms and rules established by law.

Buying a property in Turkey is an excellent decision and the right choice.Therefore, the buyer must have information about the rules for the purchase of real estate. And only professionals can help in this, so choosing an agency is a very important step.

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