Real Estate in Turkey has seen a high demand with the growing number of foreigners
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In recent years, with rising foreign demand for real estate, the Turkish real estate market won liveness.
While the real estate market had been attracted the intensive attention of domestic real estate investors until 2013 thereafter foreign investors’ attention also turned to Turkey.
Foreign nationals, after determining Turkey as a destination for real estate investments, as to whether this country is a safe investment comes into meticulous research. This is a very natural behavior. You want to make sure that a place where you can buy property by spending thousands or millions of dollars is also safe in terms of real estate investment.
Turkey Statistics Institution, including, in particular, some of the organizations leading the real estate sector also publishes many statistics information. Distribution of housing sales in Turkey, foreigners buying real estate in Turkey statistics and so on … These are information that an ordinary person can easily access on the Internet.
It’s a fact that since 2013 it has been seriously increasing every year the sales of real estate in Turkey. The figures and indicators are of course very important, but the most important issue here is to talk to someone who has invested in property in Turkey before you.
If you know someone like this, it will be a great chance for you to get some information. Because every domestic or foreign buyer, who is satisfied with the real estate investment he/she makes, recommends that country, city and even to the real estate company he/she works with, to his family and friends.
Thus, you’ll find advice and reliable numerical data, your decision to purchase real estate in Turkey will affect you positively.
Conditions and restrictions on real estate acquisition by foreigners in Turkey are regulated by the relevant Turkish laws. In simple terms;
This approval is obtained from the relevant Ministry (Municipality, Provincial Directorate of Agriculture).
For the real estate purchased, it is obligatory in the Land Registry Directorates to transfer the title deed on behalf of the buyer by the seller, to sign the title deed and to register this transfer by registering it in the land registry.
In the acquiring of real estate in Turkey, there are some restrictions in the law to have complied.
However, a Real Estate Sales Promise Contract signed in the presence of a Notary Public or a sales contract other than a Notary will only make the sale valid. The person does not acquire the ownership of the real estate with this contract. For ownership, title deed transfer is obliged.
– Whether there are any restrictions on the property such as mortgages, foreclosures should be checked from the relevant Land Registry records.
– Whether there is a situation that will prevent the sale of the property should be checked by the relevant Land Registry Office.
– A residence permit is not required to buy real estate in Turkey.
– If the application for property purchase is rejected, the related person has the right to file an appeal. The objection can be made to the Regional Directorate to which the Title Deed Directorate is affiliated.
– In case of any dispute between the parties, it is possible litigation in the courts of the Republic of Turkey.
– Since real estate purchase is an important investment that also covers procedures and legal processes, it is necessary to cooperate with reliable companies and lawyers.
You can visit our website melares.com for the alternatives of real estate in Turkey.
The experienced team of AREAS helps you in all processes, such as real estate purchases in Turkey, Turkish citizenship and residence permit.
In addition, our expert lawyers in real estate law and Turkish citizenship facilitate your transactions by conducting all legal processes meticulously.
