Buying a property for the first time in Turkey – Important tips for foreign buyers and investors in Turkey
Buying a property for the first time in Turkey. Turkish real estate’s value has reached a place where it is being noticed worldwide. Moreover, the Turkish property market is growing day by day. Therefore, Turkey has become a desirable destination for many foreigners. There are many foreigners who buy a property for the first time in Turkey to reside or to invest in the real estate field. Therefore, in this article from Ebla Real Estate, we will provide you with important tips to consider when buying a property for the first time in Turkey.
Things you should know before buying a property for the first time in Turkey:
Determine the purpose of buying the property in Turkey:
It is important to determine your purpose of buying a property for the first time in Turkey; Because your purpose helps you make the right and appropriate choice.
If you are looking for apartments for residence, it is better to choose an apartment in a vital location, where service and entertainment centers are available. Moreover, if you want to buy it for tourism, it is preferable to buy one with a natural or sea view in a vital area. And for investment, it is better to be a prosperous urban area.
Extract a real estate appraisal report:
One of the most important things that you should know before buying a property for the first time in Turkey is that you have to extract a real estate appraisal report as the General Directorate of Land Registry in Turkey issued a decision stating that Real estate appraisal report has become mandatory for every foreigner.
Verify the seller of the property:
Before owning a property in Turkey, it is important to know the real owner of the property. You can verify the seller by reviewing the title deed and making a match at the Land Registry Department (Tapu).
Know the type of the title deed:
One of the most prominent things that you should know before buying a property for the first time in Turkey is to know the type of the title deed. It is important to know whether the title deed is a temporary ownership deed for real estate under construction, or a permanent deed related to ready-made real estate. In addition, you should know whether it is residential or agricultural.
Consider the legal status of the property:
You should know the legal status of the property before the purchase. You should verify that it is away from suspicions and legal problems such as seizure, inheritance issues and loans. To do that, you can contact a real estate company.
The location of the property:
The location of the property plays an important role in evaluating its price and raising its future value. You can change everything about a house except its location. The choice of where to live is a priority.
Therefore, those wishing to buy a property for the first time in Turkey should choose a strategic area with good infrastructure, close to service centers and vital facilities.
Construction age:
Buyers must know the age of the building, especially those buildings that were built before the earthquake. Moreover, they should make sure that the building resists earthquakes.
Construction permit:
If you want to buy a property in Turkey to build, you must make sure that you can obtain a construction permit, according to which the municipality allows you to build.
It is worth noting that it is better to consult an accredited real estate company in Turkey to buy a property. However, make sure that the company has offices with real estate consultants who have experience, professionalism and flexibility. Moreover, make sure that the company is familiar with the area, local market, and purchasing procedures. Thus, you will save time and effort and you will not face obstacles.
Thus, we talked about buying a property for the first time in Turkey. To buy a property in Turkey, do not hesitate to contact Ebla Real Estate.
Edited by: Ebla Group Real Estate
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