Today, buying real estate in Turkey has become extremely easy. In this direction, many foreign investors can invest by buying various real estate properties from Turkey.
According to Article 35 of the Land Registry Law No. 644, foreign citizens can buy houses from Turkey, if they comply with legal restrictions. Foreigners are not required to have a residence permit in Turkey to buy real estate. Article 35 of the relevant law has several restrictions on foreigners buying a house. This, in turn, is limited to situations that will be in the interests of both the investor who will buy and the country.
Foreign citizens who want to buy a property from Turkey are required to make an appointment for land transfer transactions. Documents that foreign citizens must prepare to buy real estate are as follows.
We have prepared for you the main steps required to buy a property or properties in Turkey. These steps are as follows.
It is important to do research before investing in Turkey. Choosing the right consultants would guarantee you the safest and most profitable investment. Our expert team will guide you from the first step until the last, and give you the most honest consultation when it comes to the real estate sector here in Turkey. It is our main priority to fully satisfy our clients. We guarantee you will feel safe with us, and can safely move your investment tool to the right place.
It is essential that you can talk freely with your agent and tell them what exactly you are looking for. As the Mornvest team, we do not just start sending our clients random projects just so we can sell them out. In Mornvest we build trust. It is important for us to arrange a call with our clients to get to know them and their specific needs, and afterward we make our utmost effort to find the best and most suitable real estate for our clients. If our experts cannot help with your specific needs, we would tell you without wasting your time.
Although many investors successfully buy properties in Turkey without having to come to Turkey, however, we find it important that foreigners should visit the country before investing in it. To gain the trust of our clients we give them our honest opinion. You have to come to Turkey, visit the regions, try its different cuisines, meet its people and see different properties and options. Afterward you will feel more satisfied during the purchase process.
After visiting Turkey, your agent will arrange a meeting with you to go on a property tour and find the best options for yourself. Our team will pick you up from the airport and take you to your hotel, and when you are ready to have the tour we will pick you up from the hotel and take you to the best investment options for your specific need. We never give a specific number of properties to be visited. Some clients make their decision after a few visits while others like to take their time. In the end, it is buying a property, so it is important that the client would be 100% happy with their choice. Therefore we leave it for the client to choose if they need to explore more options or not, while the clients will leave it for us to find them the most suitable real estate to invest in.
A good agent will know how to correctly negotiate with the seller. You should feel confident to leave the negotiation to us. With our extensive networks with different projects around Turkey and our good reputation, our clients always leave happy. It is our priority to do our best effort to get you the best possible price, so feel confident with us.
After finding the most suitable property for yourself, and you feel 100% confident, you will be needed to pay a deposit to the seller to reserve the property for you. The deposit is usually $1,000 and is nonrefundable. The seller will then ask you to pay the full amount of the property within 2 weeks.
The purchase is made by transferring money from the client’s Turkish bank account to the seller’s account and the contracts are signed. Some investors appoint a lawyer by the power of attorney to do the purchase process on their behalf. We provide you with the best lawyer for this job to ensure everything is done according to the law, and that the property is safety inspected and it is registered in your name. The purchase process usually takes up to 4 months.
The final step is receiving the title deed of the property. After all, the required paperwork has been secured, and the payments have been made for the property and the title deed, your property will be registered to your name and you will receive your title deed.