Ways to buy a property in Türkiye
Türkiye is an attractive country for many investors who want to buy real estate, whether for investment or housing. Türkiye offers great opportunities for foreign investors and encourages them to invest in the real estate sector, by offering many facilities. It is worth noting that to own a property, you should know the ways to buy a property in Türkiye.
Ways to buy a property in Türkiye:
Buy ready to move property in Türkiye:
Purchasing a ready to move property is among the ways to buy a property in Türkiye. Many people prefer ready-made properties because of its many advantages, including:
- The buyer can instantly move into the new house and immediately can get the title deed.
- Moreover, there are no risks of delayed possession.
- Furthermore, the buyer can see and inspect the final outcome.
- In addition, the buyer can immediately rent or resell it.
Buy under-construction property in Türkiye:
There is a great demand on real estate under construction in Türkiye by locals and foreigners. Real estate under construction in Türkiye is an ideal investment opportunity due to the recent economic growth in Türkiye and the continuous rise in the price of the property under construction with the progress of the construction stages.
Moreover, properties under construction are usually sold at lower prices compared to ready-made properties and they may be sold in installments.
Buying a property directly, either individually or by relying on a company in Türkiye:
Some investors may buy real estate in Türkiye directly from the seller or the construction company without consulting a real estate agent. By this way, the buyer may face some problems because of his lack of knowledge of the real estate market and Turkish laws.
In addition, some people may buy a property in Türkiye individually to save the commission of the real estate agent. However, that is wrong because by paying the commission, you save yourself effort and time, and you avoid legal problems.
Relying on a company in Türkiye has many advantages, including:
- See many special offers and opportunities.
- Choose an appropriate property.
- Free real estate consulting and tours.
- Save effort and time.
- Get the best possible price.
- After-sale services.
Buy a property online in Türkiye:
A foreign citizen can buy a property in Türkiye and obtain the title deed of the property via the Internet.
On March 18, 2020, the Turkish Land Registry and Cadastre office announced the new online application called Web Tapu. This new system makes it possible to have the complete procedure of property sale take place online.
Buy a property in cash in Türkiye:
Among the ways to buy real estate in Türkiye is to buy in cash. Many people prefer this way as it has many advantages, including:
- When buying an apartment in cash, buyers can immediately go to the Title Deed Directorate to complete the procedures for transferring ownership of the property to obtain the title deed or “Tapu”.
- Moreover, investors can get a discount of up to 30% of the value of the apartment.
- Furthermore, they can immediately start your real estate investment project.
Buy a property in installments in Türkiye:
There are many factors that encourage customers to buy real estate in Türkiye in installments, the most important of which are:
- The buyer will not have to face the financial pressures of paying in the long term.
- It avoids the buyer from resorting to debt to pay the full value of the property, as this makes there an additional burden that may be difficult to control.
- Investors can achieve a high profit rate after purchasing in installments, and this is by selling the property after the completion of the construction phase.
- Buying more than one property.
Thus, we talked about the ways to buy a property in Türkiye. The buyer is free to choose the way that he prefers.
Edited by: Ebla Group Real Estate
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