What Do I Need to Buy Property in Turkey?
Turkey, which has emerged as one of the easiest countries to buy and sell real estate with the recent studies, stands out with its historical regions, great nature, unique cuisine and more affordable cost of living compared to other countries . While the number of people investing in Turkey and obtaining Turkish citizenship is increasing day by day, facilitating the property buying process also increases this mobility.
"I want to buy a property in Turkey, what do I need for it" is one of the topics that people who are considering buying a property in Turkey are most curious about. As 2 Clicks, we have prepared a guide that contains all the details needed by people who are considering investing in Turkey and acquiring Turkish citizenship. If you are also considering buying property in Turkey, you will find answers to all your questions by reading this content.
WHAT IS NEEDED TO BUY PROPERTY IN TURKEY?
If a person wants to take advantage of Turkey's development opportunities and own a property in Turkey, they can do so in a short time. Turkey helps buyers and investors from all over the world to buy real estate easily. In Turkey, foreigners do not need a permit to buy property like in some countries. This means that time is saved by bypassing the procedures in the first place. If a person wants to buy real estate in Turkey, a valid passport is sufficient. All transactions can be started with this pass. Besides passport, all necessary documents and accounts can be prepared after traveling to Turkey.
The stages that people who buy a property in Turkey have to go through are divided into 5 stages. These works include obtaining the tax identification number, opening the bank account, obtaining the appraisal report, applying for the transfer of the title deed and the final signatures on the appointment.
OPENING A BANK ACCOUNT IN TURKEY
In order to buy property in Turkey, a person must have a bank account in Turkey. It is important for the person opening a bank account in Turkey to prove their address in their country. For proof of address, this person must provide documents such as electricity, water and internet bills in their country and including their own address. After these documents are submitted to the bank, a bank account can be easily opened in Turkey and used for property purchases. The property buying process can be completed within 3 days after the money transfer has been made.
GET A TAX NUMBER IN TURKEY
Another issue that people who buy real estate in Turkey need is the tax number. Non-citizens of the Republic of Turkey are required to apply for a tax number to acquire residency in Turkey. Tax authorities should be consulted on this issue. Tax offices are located in every district of Turkey and can be reached in a short time. Tax number is accepted as identity number of non-citizens of Republic of Turkey. Opening of a bank account with a tax number, transfer of documents and all similar work is carried out.
RECEIVING A REAL ESTATE VALUATION REPORT IN TURKEY
Another subject that foreigners considering buying property in Turkey need is a property appraisal report or appraisal report. A property appraisal report is a report prepared by a CMB authorized company to determine the market value of a property.
REQUEST FOR TRANSFER OF DEEDS AND FINAL SIGNATURES
The final step that people buying property in Turkey must complete is the title deed transfer application and final signatures. After the real estate appraisal report has been prepared, the title deed transfer application is made. Land registries are authorized to do this. After the application has been submitted, the land register directorates set a date and inform the parties of this. The buyer and seller meet at the land registry office at the appointed time. After the signatures of the buyer and seller parties, the transfer of the deed is complete and the property changes hands.
ALL PROCESSES CAN BE COMPLETED WITH A POWER OF ATTORNEY.
Individuals who are considering buying property in Turkey but do not have the time or means to come to Turkey can also easily complete these transactions. A person who has been given a power of attorney by the person who is going to buy the property can easily carry out all property purchase transactions.
Although it is easy to buy property in Turkey, it can be considered complicated by people who are not familiar with the subject. Work continues to speed up this process and help foreigners to purchase property from Turkey more easily.
FEATURES TO BE CONSIDERED BY THOSE CONSIDERING BUYING HOUSING FROM TURKEY
When a person considers buying property in Turkey, he must first determine the purpose of buying that property. The fact that the property that the person is going to buy meets the person's expectations prevents problems in the future. After setting the budget, expectations and location, it's time for a reliable real estate agent. Working with an experienced and certified professional real estate agent and real estate consultant means minimizing potential problems. The right real estate consultant to work with in this process saves time and money.
When you meet with the real estate agent, fully articulating your expectations of the property you are considering can help the work flow more clearly and accurately. Because real estate consultants generally have information about the properties in the place where they work, they offer the most suitable properties for people's expectations, thereby limiting people's options.
The appraisal process, which is part of the process before buying a property, is also one of the most important topics. Real estate consultants start the appraisal process for the properties you have identified and the properties are appraised on site. At this stage, you can take notes on the properties you've visited and get answers to your questions from property consultants. It is important to clarify all questions before buying the property. Agreeing all matters including the property purchase contract, sale price, payment dates, delivery terms, turnkey, address and characteristics of the property and if it is a furnished home, the details of the property will be saved from any problems at the time of sale and ensure an easy sale buying process.
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, Saçıkara 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.
FREQUENTLY ASKED QUESTIONS DURING THE PROPERTY PURCHASE PROCESS
Question: I want to buy a house in Turkey, what do I need?
Answer: If a foreigner wants to buy a house in Turkey, he can buy a house just like Turkish citizens. There is no obstacle for foreign investors to own real estate in Turkey.
Question: I want to buy a property in Turkey, how long does the process take?
Answer: Buying a property in Turkey takes 1 to 3 days on average. Buying property in Turkey is easier than in many other countries as the land registry system is fast and straightforward.
Question: I want to buy a property in Turkey, what should I do?
Answer: If you want to buy a property in Turkey, you must first determine your expectations and decide on the location. You should learn about the area and get clear information by contacting the real estate companies that will help you in this regard.
Question: I want to buy a property in Turkey, what are the costs involved in the purchase process?
Answer: Appraisal fees from people buying property in Turkey, property transfer tax, subscriptions such as electricity, water and internet, and changes to the property can be costly.
Question: Is buying a property in Turkey a good investment?
Answer: Turkey is one of the countries whose growth rate is far above the standard and offers more opportunities every day. Buying a property in Turkey is considered a good investment as the profit from a property is high.
Question: Why are house prices cheap in Turkey?
Answer: As there are many construction infrastructures and companies in Turkey and this situation balances supply and demand, real estate prices in Turkey are cheaper compared to Europe and USA.
