First of all, there is a real estate valuation document, which is necessary when buying the property because it provides a detailed analysis of the property’s value relative to its current market price, based on a variety of objective professional standards such as the ownership of the previous property, its technical condition, and its proximity to basic services and facilities.
Step 2: Registration of property with the Land Registry Directorate. The Land Registry is a crucial legal document proving the ownership of the purchased property and confirming that it is free of any debts or loans, so the Tabu Land Registry is an important legal document proving ownership of the property to the buyer
The title deed is registered in the directorates of the Land Registry and must be done as soon as possible after the purchase of the property in coordination with a specialized lawyer to ensure the validity of the title deed and preserve the buyer’s right to own property in accordance with the laws and regulations in force in Turkey.
3. Landlords and builders in Turkey are legally bound by the earthquake insurance policy, which protects their investments by covering the cost of repairing any damage caused by an earthquake or other natural disasters. The documents required for earthquake insurance vary from company to company depending on the insurance provider.
4. The existence of documents certified by the notary in Turkey, the notary (notary) is a subsidiary government agency charged with certifying the official documents and verifying the authenticity of the seals and signatures of the documents submitted. This is a crucial procedure in the process, because it ensures that the transaction is properly completed and that the notary’s testimony on the documents will be binding.
There are taxes and fees required when buying the property, such as VAT and government fees, so the investor must do all necessary procedures correctly.
5. Documents must be translated into Turkish. The investor must ensure that he obtains the necessary documents and translates them perfectly before the commencement of the process. It would be preferable to consult a specialized lawyer to avoid any errors in the proceedings.
Learn about the different types of houses in Turkey.
There are, for example, penthouses, hotel apartments, property sharing apartments, modern apartments within newly built apartment complexes, Ottoman-style cottages, independent apartments, all available for purchase in Turkey. Apartments are also available outside major projects, on quieter streets and alleys.
The following are the advantages of buying a Turkish home in instalments:
The advantages of buying property in Turkey are multiple through instalments, including the buyer having full control over the terms of the purchase, including the amount of the down payment and instalments.
There are additional benefits to this investment as well, such as the lower initial purchase price of the property because it is under construction.
Foreigners in Turkey have the right to buy real estate in instalments without any restrictions, in sums appropriate to all investors, in addition to the beautiful nature of Turkey, the important geographical location, and the economic system that is developing significantly, which prompts investors to invest in real estate in instalments in Turkey.
– Property ownership in Turkey requires a number of documents and papers issued by the government, the first being a Turkish translation of the alien’s passport.
The title deed (tabu) containing the details of the property and its owner must be obtained, then the transfer of the property requires an appointment with the Land Registry Directorate and completion of the transfer procedure.
Is it safe to invest in real estate in Turkey?
Certainly, investors should be wary of working with suspicious real estate companies, and there are also concerns about the depreciation of property in Turkey, which can be mitigated by obtaining a real estate valuation report, completing property procedures in the administration of the land registry, and determining the terms of ownership of foreign properties.
Get the best offers for homes in Turkey by contacting us and taking advantage of the wide range of services we are keen to offer to investors so that we can guarantee them a trouble-free experience.