Basic details on how to buy a property in Turkey, via an Estate Agent, an agent who specializes in overseas property, or if buying a property privately.
It is always wise when buying a property locally or internationally, to do something on your own which is due diligence. Do your homework. Get a nota simple from the local Land Registry to verify the property's legal status. This includes checking that the property is free of debts, charges, or embargoes, and that the seller has the legal right to sell.
Find a property in Turkey that meets your needs. This can be done through locally based Estate Agents or the best place to start is only through a property listings portal.
Opening bank account in Turkey is key to setting up your fanancial status in Turkey and allows you to transfer money to cover the property purchase and to set up regular monthly payments if required.
A pre-contractual document is to be signed, something a lawyer can assist with, then wait for a 10-day cooling-off period. During this time, you can clear up any doubts with the notary public.
Finalize the sale with a notary, and do any mortgage or loan paperwork as guided by the legal advisors you shoul be using.
In recapping you can use real estate agents or sell by yourself through a websites, but using a lawyer is a must.
The process of buying property can be complicated, and it's recommended to work with a reputable agent who understands the market and legal requirements.
Real estate agent - You can use a real estate agent or broker to help you find a buyer, negotiate, and get the best price for your property. Agents typically take a commission of up to 3% of the purchase price.
Marketing - You can use an international website, social media, and third-party listing portals to find your property.
You can work with a team of attorneys, accountants, and real estate agents during the purchase, or a mix of those professions depending on how you wish to buy your property.
Note this information is purely a guide, and if Buying or renting in Turkey, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Turkey for sale .
Turkey generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Turkey is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Turkey is located at the gateway from Europe to Asia, seperated by a small stretch of water that has been witness to millenias of trade and cultural exchanges between nations and continents.
Recently, Turkey's growth has been highlighted as firm and interest nationally and internationally into Turkey's property market has been strong. Turkey fits well with Europe and the European Union, and not only do investors like Turkey, the country is very popular with tourists who flock to this eastern Meditteranean style location.
Long white sandy beaches and year round sunshine makes this a favourite spot for Western Europeans, those from Russia and the Latvian countries and the Nordic peoples. Turkey has a growing population which places pressure on housing and therefore real estate prices.
Turkish real estate is also relatively cheap when comparing to Western European standards so there is plenty of capacity to expand.
Turkey is divided in regions and subregions: Aegean Region, Black Sea Region, Central Anatolia Region, Eastern Anatolia Region, Marmara Region, Mediterranean Region.
