We have been the leading real estate company in the industry since 2004. Since our establishment, we have encountered many misconceptions about the Turkish real estate sector. In this article, we have examined for you what is right and wrong about the property buying process in Turkey.
The real facts about real estate investment in Turkey
False: "The process of buying property in Turkey is a very complex and time-consuming process due to legal procedures, like in many other countries in the world."
Right: The Turkish government has made the process quite easy for the benefit of buyers in recent years. Buying property in Turkey is now much easier and faster compared to many countries in the world. For example, there is no waiting period after transfer of ownership requests and you can complete the purchase in three days.
False: "The state confiscates the property after the person dies."
Right: Since property right in Turkey is property, if you die, your property will be inherited by your family members. Spouses and children are natural heirs of the deceased. If the deceased has no surviving spouse or children, his property is distributed in the order of parents, siblings, grandparents and grandchildren. Visit our Inheritance and Wills page for more information.
False: “I have never bought property in Turkey before. So I don't know if I can trust real estate agents."
Right: Turkey is an investor-friendly country that protects buyers' rights through laws. There are many reputable and professional real estate consulting firms that contribute to the success of the real estate industry in our country. As Tekce Overseas Gayrimenkul AŞ, we are proud to announce that we have taken the lead in the Turkish real estate market with our professionalism and values that we have been showing in the industry since 2004. Click here to view our company profile.
False: "I want to buy a property in Turkey, but right now I don't have time to deal with the legal procedures of the property buying process."
Right: In Turkey, you can handle all legal transactions in the purchase process with a power of attorney. Our TeleProperty service allows you to easily buy real estate through mobile devices and visual communication channels. With our professional team guiding you from start to finish of the process, you can reserve the property you want or buy it outright. Detailed information can be found on our TeleProperty page.
False: "The cost of living in Turkey is high."
Right: The cost of living in Turkey is quite affordable compared to many European countries. In addition, Purchasing Power Parity results released by Turkey's Bureau of Statistics, compiled according to household consumption expenditure for 2019, show that Turkey is the cheapest country to live in Europe. For more information, see our detailed cost of living Turkey reviews and Why should I buy a property in Turkey? You can browse our site.
False: "I'm not sure I can continue my lifestyle as a foreign citizen in a predominantly Muslim country."
Right: Turkey is a country where all cultures, religions and lifestyles coexist peacefully and are protected by law. The diverse heterogeneous structure of Turkey allows you to easily adapt to your surroundings and live freely.
False: "Due to the language problem, I don't think my children will have a comfortable education in Turkey."
Right: There are many qualified international schools in Turkey. The main language of instruction is English, German, French, Italian etc. You can find many schools.
False: "After buying a house, I have to pay a lot of taxes every year."
Right: Compared to the tax rates of most countries in the world, annual property tax in Turkey is quite low. In general, the housing tax is 2 per mil in cities and 4 per mil in metropolitan areas.
False: "The return promised by the Turkish real estate market is not satisfactory."
Right: The first of the reasons that will convince you to buy a property in Turkey is the return on your investment. Click here to take a look at real estate in Turkey where you can get maximum efficiency from your investment.
For other questions you can visit our WikiProperty page or contact us immediately.
