Tips when buying a property in Türkiye
What to consider when buying a property in Türkiye:
In this article, we will talk about the Tips that should be taken into account when buying a property in Türkiye :
1- Why do you want to buy a property in Türkiye:
Is the purpose of purchasing the property for residency and housing, or for investment by renting it, or for investment by selling it, or for using it for your own interests, such as trade, industry, a liberal profession, or otherwise.
In each of these cases there are special procedures and different fees and expenses.
2 – Obtaining advice from a reliable, competent authority will save you a lot of efforts, expenses, and problems, and help you get the best and most appropriate offers and opportunities for you.
3 – It is necessary to know in advance the procedures and time required to purchase the property and register it in the Land Registry, and the expenses resulting from that, in addition to the price.
This helps you make the right choice. The matter varies between one type of real estate and another, and between one region and another.
This helps you make the right choice. The matter varies between one type of real estate and another, and between one region and another.
4 – It is useful to review a number of options to arrive at the final option that is most appropriate for you
5 – A reliable real estate broker, due to his experience in the real estate market, helps you a lot in negotiating the price of the property and reaching the most appropriate price.
6 – Inspecting the property in person and reviewing its legal status, its record in the Land Registry Department, and its technical condition will save you from any problems that may arise in real estate transactions.
7 – When the appropriate property is chosen, it is best to place a note on its registration in the land registry in preparation for completing the registration procedures, for fear that the opportunity to contract will be lost due to the presence of other clients who may precede you to it. This preliminary indication requires the payment of a deposit calculated from the original price of the result.
8 – Most importantly of all, if you are outside Turkey, you should visit it to see for yourself a number of properties and options.
Until you make this visit, you can contact us by phone, email or email for consultation and to form an initial vision of the property suitable for you in the appropriate area. This is a free service.
We can also assign someone to meet you at the airport upon your arrival, and help you reach the appropriate accommodation for you.
Then we can show you the offers we have at our disposal, and show you the exhibits in their natural locations. Leaving the choice up to you.
Most frequently asked questions?
1- How much do you need per month to live in Türkiye ?
Living expenses in Turkey are considered more moderate than any European or American country among the countries equivalent to Turkey in terms of standard of living.
In general, every person can find an acceptable standard of living in Turkey, regardless of his income.
This level ranges from the legal minimum wage, which currently amounts to about 400 US dollars per month for a family of two people, up to the highest levels of income and welfare levels.
But it can be said that the average standard of living requires expenses ranging between one thousand and two thousand dollars per month for a family of three people. This difference between one thousand and two thousand is due to the region in which a person lives. Between large cities and small cities, countrysides or villages. In one city, between its main center and its outskirts, or areas where grains are abundant or scarce.
The rent for a house consisting of a room and a hall starts from 250 US dollars per month up to one or two thousand dollars.
As for medium-sized housing consisting of two rooms and a living room, the monthly rent ranges between $350 and $3000, depending on the city, region, or type of housing.
Added to this are water, electricity, gas, telephone, and Internet bills, which may total between $100 and $150 per month.
Food expenses for a family of three people start at a minimum of $400 per month.
Public transportation expenses are about $100 per month.
These are all approximate amounts, which may increase or decrease.
As for the higher ceiling, there are no limits, as the highest levels of luxury are available in Türkiye.
There are unlimited levels of cheap entertainment available in Turkey. In all cities and countrysides, there are many free parks and public parks, as well as sports facilities.
Public transportation is also available in all Turkish cities at relatively cheap prices.
2- How can a Syrian own property in Türkiye?
Turkish law generally allows foreigners to own real estate in Turkey, with the exception of some owners of very limited nationalities.
Among these nationalities excluded from the right to own property in Turkey is the Syrian nationality, and the reason for this is due to an old dispute between the two countries since the 1930s the past. However, there are legal solutions in some cases:
For example, establishing a commercial company in Turkey, and the company can be made up of only one person, without the need for a Turkish partner. This company is considered a Turkish legal person, entitled to own real estate, for the purposes of the company, as for all Turkish companies.
In this case, the company is subject to the laws to which Turkish merchants are subject, in terms of taxes and the company’s work system.
Turkish citizenship can also be obtained through the marriage of a foreigner to a Turkish woman or vice versa, if this marriage lasts at least three years.
After that, whoever obtains citizenship can own real estate like any Turk.
Turkish citizenship can also be obtained by depositing an amount equivalent to five hundred thousand US dollars in one of the official Turkish banks, or establishing an investment project with this value, so that the depositor or investor obtains citizenship, and then can own real estate.
3- What is the best investment in Türkiye?
The advantage of investing in Turkey, in general, depends on the size of the capital, the experience that the investor has, and the field within which he can work.
If he has specific expertise, such as industry, trade, agriculture, or any scientific or technical profession, investment within the scope of his expertise and specializations remains more beneficial in general.
However, if he does not have special options, and he has cash that he wishes to invest. Investment in the real estate field remains safer, and provides good opportunities and returns, due to the constantly growing Turkish real estate market, with the need to take precautions so as not to make mistakes.
In terms of real estate investment, Turkish laws and regulations provide certain facilities and guarantees that help avoid many mistakes, but the investor still has the duty to take more precautions, most notably relying on the experience of trustworthy and specialized people in the real estate market, and examining everything that is offered On it by himself.
Al-Hayat Company is at your service to provide all the necessary additional information and details about types of real estate and important Tips when buying a property in Türkiye and about various investment activities.
You can contact us either by letter or by phone.
Email address: [email protected]
Phone: 00905383726510
