Tips and Advice on Buying a House in Turkey
Demanded by more and more people every day, the Turkish real estate market manages to stand out with tax advantages, high incomes and citizenship privileges. Turkey attracts customers with its developing industry, infrastructure, transportation facilities, location and similar details and is sure to become one of the most important regions in Europe with its growing population in the coming period.
As 2 clicks, we have included the details that foreign investors should consider when choosing the property in the content we have prepared for people considering buying a house in Turkey. If you are also planning to invest in Turkey, you can check the content we have prepared and evaluate your investments accordingly.
THE LOCATION OF THE PROPERTY TO BUY IN TURKEY IS IMPORTANT
People considering buying property in Turkey should first of all pay attention to the location of the property they are going to buy. Whether the property to be purchased is for investment or residential purposes can change the choice to be made.
For example, if you are thinking about renting out the property you are buying to holidaymakers in general, you should make sure that this property is close to the beach. This is important to keep in mind when buying as renting properties away from the beach will be more difficult than properties close to the beach.
The businesses and complexes located around the property to be purchased are also important. For example, the presence of businesses that only operate near the properties purchased for living during certain times of the year can result in difficult times in the property purchased.
PROPERTY TYPE AND WIDTH CAN CHANGE THE VALUE OF THE INVESTMENT
While resale properties sell for cheaper than new build, this can also come with some downsides. It is noteworthy that the used buildings are more worn than the buildings that are inhabited for the first time. Such situations cause the prices of second-hand real estate to fall. However, in second-hand buildings, cracks, old whitewash, moisture and similar stresses may appear.
One of the questions people should consider when buying real estate is the size of the property. Small buildings are usually rented faster than larger ones. Small structures stand out because they are easier to clean and have more reasonable dues. However, large families prefer large properties. This allows large families to create a more comfortable living space.
It is important for people buying real estate to first determine their expectations and manage the process accordingly. The way people determine the number of rooms they need varies greatly in relation to the people who will occupy the home. People generally use the kitchen, living room and bedroom. Other rooms are usually used for storage purposes. The fact that property buyers take this into account ensures that the amount to be paid for a property decreases and no waste is spent.
If the budget allows to live in a large area, villas and detached houses are available this time. These structures, most often offered with pool facilities, give the best answers to people's demands. These structures, along with the privileges they offer, come at a higher cost than other structures.
The factor to consider with all of these options will vary depending on the person's expectations of the property. Whether the property is used for investment, living or vacationing is considered to be one of the most important factors that change the buying process.
CONSIDER THE VARIATION OF EXCHANGE RATES
Buying real estate in any part of the world means a large amount of money changing hands. Shopping in Turkey with Turkish lira also affects the investment amount of people with foreign exchange savings. For this reason, foreign investors should calculate their planned house in a foreign currency and not experience any short-term surprises from fluctuating exchange rates.
When selling real estate to foreigners, there may be costs such as translator fees, taxes, purchasing fees and legal fees. Paying attention to this when buying a property means preventing possible problems.
WORKING WITH RELIABLE COMPANIES MINIMIZES THE RISK OF PROBLEMS
One of the most important issues is to act calmly and deliberately, not only when buying real estate, but with all purchases at these and similar prices. These studies also include the proper management of this process. The fact that the company you are working with answers your questions during the real estate buying process, the fact that they have conducted these transactions many times before, the opportunities that they offer and similar questions allow for a more accurate flow of work.
IF YOU CONSIDER CITIZENSHIP, YOU MUST INVEST ACCORDINGLY
With the recently amended law in Turkey, the investment required by persons who wish to become citizens of the Republic of Turkey by purchasing real estate has been reduced from $1 million to $250,000. This situation has also asked people who want to become citizens of the Republic of Turkey by buying real estate.
If you are thinking of becoming a citizen of the Republic of Turkey by buying real estate in Turkey, your investments should be at least $250,000. If people can't buy homes for $250,000, they can buy some homes. A real estate investment totaling $250,000 is enough for citizenship of the Republic of Turkey. It is important that persons who acquire citizenship of the Republic of Turkey do not dispose of the real estate they have bought for 3 years. If the person sells the property in this process, he loses his right to Turkish citizenship. The family of persons who acquire citizenship through real estate can also become citizens of the Republic of Turkey. Citizens of the Republic of Turkey can now travel to many countries without a visa. This situation also creates an incentive for people intending to become citizens of the Republic of Turkey to travel visa-free. Today, people considering becoming citizens of the Republic of Turkey through investments account for 25 percent of total purchases.
WITH 2 CLİCKS WE ARE READY TO SERVE YOU
As 2 Clicks, one of the leading companies managing the property buying process in Turkey, we answer all the questions that foreigners have about the properties they want to buy in Turkey and we prevent potential problems. You can also contact us to benefit from the services we offer and after the meeting you can find answers to your questions.
Türkmen Mahallesi, Sacıkara Sokak, B Block NO. 21 B, Kuşadası-Aydın, Turkey. You can reach our company based in Turkey on phone number +90 (544) 443 46 24 and quick call via WhatsApp. You can send an email to 2Clicks.io via [email protected] and get detailed information about our work.
Call now to buy and sell property in Turkey and take advantage of Turkey's development opportunities.
