Construction complaint in Turkey have been thriving, aiming to build some of the most luxurious properties in some of the most beautiful locations.
We at 974 Estate understand that buying a property abroad might see overwhelming, and hence, we are here to help. Here are ten things you should know before buying property in Turkey
1 – Specify your Requirements
Whether you are considering purchasing a property in your home or abroad, knowing what type of
the property you are looking for, why you want to buy to live in or to invest in is essential.
Whether it is a simple residential apartment, a luxurious apartment, sea-front villas, city view penthouses, or a beachfront family home, knowing what you want to invest in should be the first thing on your checklist. Also, knowing where you want to buy is an excellent question to ask yourself;
the answer to this lies in what part of Turkey you see yourself living in; is it a quaint place surrounded by greenery or is it a house with a fantastic view of the city.
Our professionals at 974 Estate with years of experience will lead you to the right property of your choice.
2-Which Turkish province will Suit you and your Family?
Location plays a vital role in deciding what property you will buy, idle surroundings with ample
amenities and a property close to significant areas is the prime need of every home buyer.
We understand that you may not be well-versed in cities and regions of the country, so we do our
research thoroughly to pass on our knowledge so that you can make the right.
Prime districts in Istanbul are lucrative investments as opposed to overpriced properties in the outskirts that have been heavily marketed.
Still, these properties in the prime districts of Istanbul are expensive as well.
We will ensure that you look at as many properties as you like to understand your choice and opinion so that we can suggest the best for you.
3-Rental returns and capital growth
The return on investment and the growth of initial capital are critical factors that motivate investors
to make their decision.
Istanbul is a great city to invest in, keeping in mind that it is one of Turkey’s most viable regions for real estate. Therefore, choosing the right property becomes very important.
There are many projects in Istanbul that promise a guaranteed return, and if that’s the case,
investors can then think of reselling their properties and getting a higher return than what they
invested.
974 Estate advises investors interested in commercial spaces to invest in office spaces that they can lease out to multinational companies established in the city to get high returns.
4-Getting a Residence Permit
Did you know that foreigners who buy a house in Turkey can apply for a residence permit? Yes, the
Turkish government shows a great effort to motivate and offer support to foreign real estate buyers
in Turkey. For example, in 2013, the government declared that an investor would be able to apply for
a residence permit, which can be renewable as long as the property is still under the buyers’ name.
However, if you don’t plan to live in Turkey and only visit on holidays, you wouldn’t need a re sidence
permit.
5-Choosing the Right Agent
Since you are not in the country, selecting the right Real Estate agent is challenging. With a vast
clientele, Turkey Expert believes that every client need is unique. Therefore, our real estate specialists
cater to the best, giving you the best service possible. Buying a property in a foreign country is a
change of lifestyle, and it has to be well thought of, and choosing an agency that understands your
needs is of utmost importance.
Call us and fix an appointment with our professionals who will talk to you at length to learn your preferences.
6-Property Purchasing Expenses
There are many stages to buying a property in Turkey, which can take several weeks to process.
The entire process can take anything from 12 to 16 weeks, and one must be aware of all the fees and expenses that must be borne; buyers typically pay 7%-10.5% of the property’s price as fees.
A significant chunk of the money goes to the government as property tax, and then there are stamp duty and legal fees along with other expenses like the real estate agent’s commission that you will
be paid to the agent.
Buying property in Turkey can be much cheaper than spending
7-giving yourself options
It is essential to have several options when it comes to property purchasing.
Therefore, having the right real estate agent can exemplify your buying experience many folds.
we at 974Estate strive to give you a better experience and show you an array of properties that
you would want to consider. Lucrative properties are located in Bodrum, Kusadasi, Istanbul, the
country’s financial and cultural hub.
Fix up an appointment with our professionals to have a look at some of the most viable properties
for investment.
8-you can negotiate
you think that you have to settle for one price, don’t worry, you don’t have to! Our experts at
974 Estate are great negotiators, and we strive to get you the best deals possible. Our rapport
with local developers let us negotiate on your behalf to get you the best deal possible so that you
can come back for more. While negotiating, several factors have to be kept in mind; sometimes,
property developers tend to include a specific package that includes furniture and other utilities for
one price. Other developers will also give buyers a better deal by offering flexible payment methods
for the ease of the buyer.
9-Go in inspection tour
The best way to get to know the property you want to buy is to conduct a thorough inspection.
Scrutinizing the property, the area it is located in, the local environment, and the lifestyle of that area
are essential things to know when buying a property in Turkey. After you have chosen specific
projects that you want to see, you should request an inspection tour and visit the city to look. This
inspection will also help us understand your preferences.
10-Reserve the Property
After you have settled on your dream home, the best thing to do is reserve the property. We at
974 ESTATE will make a reservation contract for you once you have given us a confirmation
because we understand that The Turkish real estate market is vibrant, and great offers must be taken
when they are available.
Once the reservation is made, you can proceed to the purchase process.
The amount given for the booking is deducted from the final price agreed upon; however, if you
choose not to proceed with the purchasing process, this reservation fee is refundable.
