Real Estate – SakoLife Homes Real Estate https://sakolifehomes.com/nl Mon, 06 Jun 2022 13:36:24 +0000 nl-NL hourly 1 https://sakolifehomes.com/wp-content/uploads/2023/07/sako-favvv-100x100.png Real Estate – SakoLife Homes Real Estate https://sakolifehomes.com/nl 32 32 Things to Know When Buying Land and Plot https://sakolifehomes.com/nl/things-to-know-when-buying-land-and-plot/ https://sakolifehomes.com/nl/things-to-know-when-buying-land-and-plot/#respond Sun, 05 Jun 2022 23:11:32 +0000 https://sakolife.com/?p=7361 You may have heard that the current most valuable districts of Istanbul were once fields or vineyards. Photos from the times when Maslak was full of vineyards and Kartal was a fishing village are circulating on the internet.

Be patient

One of the first things you need to know when buying land is when you want it paid off. Land and land investments are long-term but profitable investments and you may need to be patient for 10 to 30 years for good returns. A residence or business can generate regular income with rental income, but you will have to wait for land and land investments and pay property tax each year. You have to be patient to see results in land and land investments.

Are you aiming for short-term or long-term returns?

As we said, land and land investments are investments that provide returns in the long run. If you are targeting 5-10 years, land investment is recommended, if you can wait more than 10 years, land investment is recommended. It is difficult to sell at value during periods of slowdown and you may have to wait for the market to recover. Knowing the right time is among the things to know when buying land.

Reconstruction

A vacant lot is an unzoned piece of land. When the land you buy is zoned, you can earn very high profits, but if it is not zoned, the value increase will be limited. As the population and trade increase in the region, the land gains in value, and if it is possible to build more buildings with the zoning change, its value will increase at the same rate.

Follow regional development plans that include investments that will add value to the land or land in the future. Get information from the relevant municipality about the land you intend to buy or the zoning plan of the land.

Location

The most important thing to know when buying land is where it is located. The increase in the value of land is determined by the increase in population, trade, industry, investment and infrastructure projects nearby. After a while, these developments cause zoning in the region where the land is located and the land can turn into a plot.

The lands on the development axes of the cities gain value faster. Small cities often expand along the way to the big city, so investments in this direction may be more profitable. The purpose of land investment is to purchase zonable land without zoning and to benefit from the increase in value that comes with zoning.

Another bonus information: “The value of a plot with a frontage to a wide road will increase. If a commercial building is built there, a wide facade will increase revenue thanks to the large showcase and signage area.”

Things to Avoid

Things to know when buying land cover, and which ones to avoid. Common titles, protected areas and watersheds should be avoided.

With the joint title deed, other partners can use their pre-emption rights and receive title deed from you in return for the price you pay. Watersheds and protected areas are not zoned, so your investments will not yield the returns you expect.

The lands close to the forest are also risky as they may be included in the forest belt. Square shaped plots are ideal, rectangular plots can also be attractive. Trapeze and round plots are also risky as they make construction and use difficult.

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Real Estate Commission https://sakolifehomes.com/nl/real-estate-commission/ https://sakolifehomes.com/nl/real-estate-commission/#respond Sun, 05 Jun 2022 23:10:14 +0000 https://sakolife.com/?p=7365 Maybe you are about to rent a house or buy a house that you have always wanted. Either way, you will face real estate fees that you have to pay! As SakoLife, we are honored to be with you in all real estate buying and selling processes.

If you’re going to be a tenant, you’ll need to cover costs such as a deposit, a monthly or rental fee, and shipping.

If you are going to own a house, you will face title deed fees or maintenance costs. And then there are real estate commissions or real estate fees whether you are renting or buying the property. In this case, you need to adjust your budget accordingly.

What is the Real Estate Commission or Real Estate Fees?

You may need an expert opinion to properly handle the processes of buying, selling or renting a home. Real estate agents allow you to deal securely and deal with documents and communicate with potential clients.

A financial exchange occurs when a property is owned or leased. Real estate agents who facilitate this process receive a commission, ie real estate fee, to raise their own capital. Since you receive brokerage services in the legal process, real estate agents are entitled to a commission, which can be a purchase commission and a rental commission.

How Much is the Real Estate Commission?

It is difficult to say that there is a specific amount that representatives receive. Realtors receive commissions based on the rental or sale value of the home.

So how much commission do real estate agents get? Depends on rental and sales negotiations. This rate is determined according to the Regulation on the Purchase of Immovable Goods.

The real estate agent can receive a maximum of 2% + VAT / 18% of the sales price from both the seller and the buyer.

In rental negotiations, they can receive a maximum of one month’s rent + VAT (18%) commission.

Who Pays the Real Estate Commission?

You may be wondering who will pay the agent’s share, as you will set your budget accordingly. So, “Does the buyer or the owner pay the real estate commission?” answer to the question; both yes and no, depending on whether it’s a rental or a purchase.

As mentioned above, the purchase commission is paid individually by both the buyer and seller. If they agree, only the buyer can also pay.

Unless otherwise agreed, the tenant bears the real estate fees and pays the commission when renting.

How is Real Estate Commission Calculated When Renting a House?

You’ve found a home that meets your needs and expectations and can’t wait to move in! So, how is the real estate commission calculated?

Let’s say the monthly rent is 3000 TL. In this case you have to calculate the VAT and add it to 3000 ₺, which is equal to 3540 ₺. This is the maximum amount you can pay.

Real Estate Commission Regulation

Real estate commission rates are determined by the Real Estate Purchase Regulation. According to article 20:

In real estate purchases, the service fee rate cannot exceed 4% of the sales price in the brokerage contract, excluding VAT.

In rental transactions, the service fee rate cannot exceed the monthly rental fee specified in the contract, excluding VAT.

Unless otherwise agreed in writing, the service fee is shared equally between the owner of the business and the buyer or tenant.

What Happens If You Don’t Pay Commission?

Some real estate fees are mandatory payments. Let’s say you rented or bought the house that the agency showed you, but you cut the agency. In this case, do you have to pay the commission to the agent? What happens if you don’t pay commission on the house you rent, sell or buy?

Property fees must be paid. You have to pay the commission. If the real estate agent’s name is mentioned in the brokerage agreement, legal action can be taken.

If there is a contract, you must pay a commission when renting or buying the house.

However, you don’t have to pay for real estate that the agent shows you but that you haven’t rented or purchased. If you are touring an out-of-town property, the agent may ask you to cover the travel costs.

Can Realtors Increase their Commission Rate?

In accordance with the regulation, agencies cannot demand higher commissions or real estate fees than determined.

In case of violation of this rule, the Ministry of Customs and Trade imposes a fine of 3000 dollars on the agency. If the agent breaks the rule one more time in a year, the penalty is doubled for each incident. In addition, if a chain company commits this violation, a five-fold penalty is applied.

Real estate agents acting as a bridge between the landlord and the buyer receive a service fee of 4% (2% from the buyer, 2% from the seller) of the maximum property value excluding VAT. In the rental process, they receive a maximum of one month’s rental fee. The relevant articles in article 20 of the regulation are as follows:
In real estate purchases, the service fee cannot exceed 4% of the sales value specified in the contract, excluding VAT.

In leasing transactions, the service fee cannot exceed the one-month amount of the rental fee excluding VAT.

Unless otherwise agreed in writing, the service fee is shared equally between the owner and the buyer or tenant.

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Real Estate Purchases https://sakolifehomes.com/nl/real-estate-purchases/ https://sakolifehomes.com/nl/real-estate-purchases/#respond Sun, 05 Jun 2022 23:09:54 +0000 https://sakolife.com/?p=7370 A two-stage process awaits those who want to buy real estate. The first of these is the municipality transactions and the second is the transactions that must be done at the Land Registry Office.

In municipal transactions, an application is made to the municipality where the property is located. The current value of the real estate is determined. The current market value is the determination of the value of the property by comparing it with similar properties in the same location. Past tax debts are determined and expected to be paid, if any. If there is no debt, a document stating that there is no debt is provided together with the current price document.

After the current value is determined, the title deed fee of the property must be paid. A fee of 2% is charged from the buyer and seller. Fees and title deed capital are deposited into the bank account of the title deed directorate. After the fee payment is made and the receipt is received, it is time to collect the relevant documents and apply for the title deed.

These documents;

• The original and one photocopy of the buyer and seller identities
• Two passport photos of the seller and the buyer (must be taken within the last six months)
• Deed document on the seller and its photocopy
• Unexpired TCIP policy document or policy number

Mortgage Papers

If the property is purchased with a loan, the property will be mortgaged by the bank until the loan payment is completed. For this reason, there are documents that need to be obtained from the bank. In addition, contact information of the bank official dealing with the mortgage should also be obtained.

If there is a mortgage on the purchased property, the related debt is officially assumed. The buyer should be aware of this situation. If the property is not known to be mortgaged, a lawsuit may be filed.

Trade by Power of Attorney

Power of attorney is known as the authority that a person gives to another to act on his/her behalf (formal agreement etc.). Power of attorney is done at the notary public or the consulate. Power of attorney can be given to real or legal persons.

When the title deed power of attorney is used with foreign citizens, the power of attorney must be translated into the relevant language by a sworn translator.
If the property to be bought and sold is known, the location and parcel information of the property, as well as the duration of the power of attorney, should be specified in the power of attorney.

After the title deed transfer process takes place, the buyer should go to the relevant municipality for property tax transactions within the same year.

As the SakoLife family, we support you, our customers, with our expertise in real estate investment and analysis consultancy in all these processes.

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Reasons to Invest in Real Estate https://sakolifehomes.com/nl/reasons-to-invest-in-real-estate/ https://sakolifehomes.com/nl/reasons-to-invest-in-real-estate/#respond Sun, 05 Jun 2022 23:08:40 +0000 https://sakolife.com/?p=7373 Foreign and domestic investors, who used their savings by investing in real estate, preferred offices for high rental income and short payback periods. However, it should not be forgotten that modern housing projects are as profitable as offices.

Emphasizing that houses pay for themselves in about 20-22 years, experts say that the amortization period of offices is 15-16 years.
Ask yourself, “Should I invest in real estate?” What matters is the quality and location of the housing project.

The houses built in the new generation areas where social facilities are located and the location is first class, host the tenants at even higher prices than the offices.

1+1, Office or Empty Land?

When investing in 1+1 houses, attention should be paid to the square meter price. Turkey has a young population, ie students, newly married or divorced with many potential tenants. Therefore, new projects mostly cover 1+1 flats. However, in recent years, the number of 1+1 apartments has increased so much that square meter prices have doubled to 3+1 apartments. Therefore, the investment cost is high and the second hand prices are low.

If you are going to invest in 1+1 apartments, first of all, look at the square meter prices for other apartment types in the same project. You can easily find tenants for 1+1 flats close to universities. Remember: 1+0 flats increase the value of 1+1 flats. 1+1 flats are more valuable in 1+0 flat type projects.

Office projects are safe in terms of rental income because they promise higher incomes and companies make more stable tenants. However, office investment should be evaluated on the basis of lokaysan.

If you are planning a long-term investment and want to leave a profitable property to your children, you can consider a vacant lot or plot of land. However, what the long-term means to you is also important. Considering the conditions of the country in the last year, the long-term starts from 15 years for vacant land or land. Investors ask themselves, “Should I invest in real estate?” they ask. Always consider the payment term.

Are Office Investments Profitable?

Considering the ROI figures, which is one of the most important factors for an investment, an office with the right location and project can pay for itself in a short time. While the investors pay for it quickly, they turn to offices and are among the most profitable real estates.

Real Estate Still Europe’s Best Investment

Experts say that the positive market dynamics, liquidity, steps to increase public welfare and the transformation of real estate into a service product with the increase in urban mobility make us optimistic about the future, especially given the developing conditions. Technological infrastructure.

Logistics facilities, elderly care centers, mixed housing projects in terms of common economy, student dormitories, health facilities, data centers, apartments with concierge service, shared offices, offices offering flexible services, industrial warehouses, self-service warehouses, hotels, science parks, social areas and MIA field offices in city centres. “Should I invest in real estate?” There are many people who think so. Well, they should consider the type of real estate they will invest in!

Should I Invest in Real Estate in Logistics?

Logistics is a profitable industry with high income potential. For example, logistics warehouses and natural gas warehouses in Turkey do not only constitute the chemical industry. The retail industry dominates the market.

The profit of the logistics sector from retail is around 10%. However, if investments are made in sectors such as chemistry, natural gas and health, this rate can go up to 40%. Such investments can become a major income channel for the real estate industry.

How to Make an Ideal Home Investment?

“Should I invest in real estate?” to see the real answer to your question. you should wait at least three years, the ideal period is five years. A right real estate investment will always give you more benefits than other investment types. After all, such a business trade should only be done with a trusted organization whose know-how you trust.

Istanbul’s Brand Value Lies in Its History

No one will want to see the skyscrapers in the center of Dubai. People visit places with artifacts that are 5000, 700 or even 1000 years old. Cities with rich history increase brand value and Istanbul’s brand value is among the highest in the world.

From an Islamic point of view, Istanbul has the historical mission of being the natural center of this religious geography. The increase in the number of foreign investors investing in Istanbul shows that we have a long road ahead of us. Still “Should I invest in real estate?” If you’re wondering. First, evaluate the city where your investment will be.

University Students: If We Had Money, We Would Invest in Gold or Real Estate.

Interesting results emerged in the research conducted among 550 university students in 2020. The most preferred investment type after gold is real estate. 25.4% of students studying abroad and 34.9% of students studying in Turkey say, “I would invest in real estate in the long term if I had savings”.

When asked about their families’ investment preferences, students said that their parents invested most in real estate.

Why Should I Invest in Real Estate in Turkey?

With its geopolitical advantages, natural and cultural riches, transportation opportunities, newly built bridges, airports, developing tourism sector, trade sector, nightlife and congress tourism, Turkey is not only an attractive country for foreign investors, but also a strong state. Stable economy.

Thanks to its growing economy, mega projects in the real estate sector and market dynamics, Turkey will continue to offer new opportunities, benefit investors and increase its value.

Also, the citizenship by investment program is a promising development to attract foreign investors who can acquire Turkish citizenship by purchasing a property with a minimum value of $250,000. Those who think whether they should invest in real estate in Turkey can find an answer by evaluating the benefits and data.

How is Real Estate Investment Made?

Real estate investment with minimal or zero risk is not only valid for residences, you can also invest in vacant lots, plots, agricultural land, gardens, buildings, inns and other immovables. Although there are many investment options such as gold, stock market and stocks, the most guaranteed one is usually real estate investment.

Reasons for Housing Investment in Turkey

These include geographic location, infrastructure, social and cultural opportunities, exchange rate, affordable prices, advanced architectural technologies, career and life opportunities, citizenship, ease of employment, cost of living, and affordable payment plans.

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Which Type of Real Estate is the Best Investment? https://sakolifehomes.com/nl/which-type-of-real-estate-is-the-best-investment/ https://sakolifehomes.com/nl/which-type-of-real-estate-is-the-best-investment/#respond Sun, 05 Jun 2022 23:07:09 +0000 https://sakolife.com/?p=7376 Although the effects of Covid have decreased, it is still felt, and many parts of the world have become accustomed to living with the virus. Like many sectors, the real estate market was also affected by this crisis and ups and downs. However, today, the expectation of profitability and trust has approached the levels before Covid. In addition, the location of the property is the most important, regardless of which real estate investment is made.

The most important factor for those who are considering buying a property to invest in real estate is the return on investment. Calculating the monthly rental income correctly to profit from the purchased property makes the investment worthwhile. The return of the money you give for the investment, that is, the amortization period, is important. Therefore, you should choose properties with high rental income. So be sure to consider the rent multiplier. For this, you need to divide the annual rental income of the property by the selling price.

Housing Investment is at the top of the list of real estate investments, as it also provides the Advantage of Rental Income. However, due to this situation, the renovations to be made in the house or the damage to the house by the tenant may reduce the income. When a property purchased for investment needs to be disposed of immediately, it can be converted into cash immediately. In other words, it is an investment that can provide returns in the short term. However, it can be harmful in the short run. In addition, if a bank loan is to be used while investing, it is recommended to borrow in Turkish lira and use loans with the lowest interest rates.

While buying land or land provides very good returns in the long run, it is not recommended for those who want to make a profit in the short term. In addition, lands and lands that are in danger of expropriation, located in protected areas or have water basins without the necessary researches may cause loss in investment.

In addition, before the land is purchased, whether it has a zoning permit or not should be investigated and confirmed. Soil survey should be done by engineers and it should be evaluated how much of the land is zonable. In the long term, situations such as transportation projects such as land or roads passing through the land, bridges are very important for the profitability of the investment.

If you want to invest but do not know where to start, we are ready to serve as SakoLife. Contact us!

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Working with a Professional Real Estate Agent https://sakolifehomes.com/nl/working-with-a-professional-real-estate-agent/ https://sakolifehomes.com/nl/working-with-a-professional-real-estate-agent/#respond Sun, 05 Jun 2022 23:06:45 +0000 https://sakolife.com/?p=7379 Buying or selling a property has always been an important and laborious process. Looking at the statistics, it is seen that important advantages are obtained when working with a Real Estate Specialist.

Working with a professional SakoLife real estate agent for property purchases saves time and money. In addition, the best real estate consultant will know the market of the region in question.

In addition to finding the appropriate property, it is necessary to find reliable buyers and sellers, and to have knowledge of title deeds and transactions. It is very important to benefit from SakoLife services right here.

It can be quite difficult for the buyer to see the potential of the region in metropolitan cities. Getting help from a real estate expert who knows the market of the region well, has close relations with construction companies, and always thinks about your interests, will minimize the rate of encountering problems.

Real Estate Advisor provides secure money transfer for the buyer and seller during the sales process. A reliable consultant will have no trouble getting a deposit. Since it is in constant cooperation with banks, it makes it easier to get loans from banks. In addition, it examines and determines all risky points of the property and takes measures against future problems.

Contracts created within the framework of legal and legal knowledge, in which the rights of the buyer and the seller are guaranteed, are for the safety of our customers.

As SakoLife, we manage the process on your behalf, keeping you away from the stress of buying and selling, with our wide portfolio range, our website, the savings we provide from money and time, and the best price guarantee. In addition, we do not leave you alone after the sale. We take care of your water, electricity, natural gas subscriptions.

In order to provide all these services and to follow the current developments, the Real Estate Consultant constantly improves himself professionally by participating in vocational trainings.

Contact us now to benefit from the advantages in the most professional and reliable way and to get more information!

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Documents Required for Deed https://sakolifehomes.com/nl/documents-required-for-deed/ https://sakolifehomes.com/nl/documents-required-for-deed/#respond Sun, 05 Jun 2022 23:05:27 +0000 https://sakolife.com/?p=7382 Real estate purchases and sales are completed with the realization of transactions at the land registry office. Documents required when buying and selling real estate;

• Original and one photocopy of identity card
• Documentation from the relevant municipal institution that the property does not owe tax
• Original or photocopy of the seller’s original deed
• Receipts of the Land Registry Fee and property tax payment
• DASK – Compulsory earthquake insurance policy or policy number (Must be up-to-date)
• If a power of attorney is to be made, notarized power of attorney

Title Deed Transfer for Legal Entities

In real estate purchases and sales, one or both of the parties may be legal entities. In this case, the required documents also vary.

• It is necessary to have a certificate of authorization issued by the Trade Registry Office, which clearly states the authorization and the identity information of the authorities for sales of immovable property. The certificate of authorization, which is certified by the directorate of the chamber of industry and commerce to which it is affiliated, must bear the date of the year in which the transaction was made.
• The original and one copy of the tax plate
• Signature circular of the company official
• Fair value and real estate tax debt document obtained from the relevant Municipality
• If the sale on behalf of the legal person is to be realized with a power of attorney, the original of the power of attorney must be available.

SakoLife makes your work easier by keeping track of all your real estate purchases and sales.

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Title Deed Costs https://sakolifehomes.com/nl/title-deed-costs/ https://sakolifehomes.com/nl/title-deed-costs/#respond Sun, 05 Jun 2022 23:04:19 +0000 https://sakolife.com/?p=7385 The title deed fee or title deed cost is the fee calculated as 4% over the sale price for all types of real estate sold. The title deed fee or expense can be paid after the purchase and sale process has started at the title deed office. In addition to the title deed cost, the revolving fund fee is also collected. The revolving fund fee changes every year. The SMS that will be sent to your phone from the land registry office contains the bank information, duration and amount to be paid.

To Which Banks Can the Title Deed Fee Be Paid?

• Ziraat bank
• Ziraat Participation Bank
• People’s Bank
• Vakiflar Bank
• Vakıf Participation Bank
• PTT
• Emlak Participation Bank

In addition, payment can be made by credit or debit card over the Internet on the Land Registry and Cadastre Fee Inquiry and Payment Web page of the Revenue Administration.

Who pays the Land Registry Fee?

The title deed cost can be paid from a single source by the decision of the parties. If no decision is taken, it is divided equally. In other words, the buyer and seller pay as 2% evil.

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What is Deed? https://sakolifehomes.com/nl/what-is-deed/ https://sakolifehomes.com/nl/what-is-deed/#respond Sun, 05 Jun 2022 23:03:10 +0000 https://sakolife.com/?p=7388 The deed is a document that proves the ownership of the property. It can be used for both real estate and personal property. The deed should include the date, the names of the grantor and recipient, and a description of the transferred property.

The title deed usually transfers ownership through the description of the ownership and the selling price. The buyer pays the purchase price and in return receives the title deed to the property registered at the local land registry office.

A deed is a document that transfers ownership of a property from one person to another. It is often used for real estate transactions and other types of transactions, such as the transfer of shares in a company.

What Do the Colors of the Deed Document Mean?

There are two different types of deed, pink and blue.

Deed documents with blue and pink colors are the same in design and content, but differ from each other in terms of their qualities.

The blue title deed indicates that the real estate is a land, that there is no building on it, or that the construction of the building has just begun, that it does not have a condominium. The lands with a blue title deed indicates that the property has not yet been transferred to the condominium.

The pink title deed indicates that after the completion of the construction of the property, there are approved independent sections in the project, the usage areas of the property and certain shares. Pink-colored title deeds are given to properties whose condominium has been taken.

Types of Deeds

There are three types of title deeds; Floor Easement Deed, Floor Ownership Deed and Shared Deed. It is important for property owners or those who want to have them to know these varieties.

1- Floor Easement Deed

Construction servitude is established in order to indicate the shares of the right holders on the structures that have not started or are in the construction phase. The land under construction is registered by the Land Registry Directorate. The building, which has the title deed with floor servitude, is registered with the Land Registry Office; Therefore, it is an official document. In summary, title deeds of independent sections in buildings that do not have a residence permit; floor easement deed.

2- Condominium Title Deed

It is the official document of ownership of parts (warehouse, floor, shop, etc.) of a building whose construction has been completed. It documents that the owner of the Land Title Deed is independent. In this document, the characteristics of the building are specified (square meter, quality, parcel area, etc.). The title deed in the form of construction servitude can be converted into condominium ownership of buildings that have been legally constructed and have a residence certificate. It is suitable for those who want to own property with credit.

3- Shared Deed

It is the title deed document stating the names and numbers of the right holders on the immovable. In this document, each shareholder’s share is divided equally, but it is not clear which area belongs to which shareholder. Not eligible for credit.

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Buying Real Estate in Turkey https://sakolifehomes.com/nl/buying-real-estate-in-turkey/ https://sakolifehomes.com/nl/buying-real-estate-in-turkey/#respond Sun, 05 Jun 2022 23:02:07 +0000 https://sakolife.com/?p=7391 Owning any type of property is an investment. It is not necessary to be a citizen of the Republic of Turkey in order to buy immovable property. In other words, even if the person does not have a residence permit in Turkey, he can buy real estate. Turkish citizenship is granted to foreign nationals who purchase real estate worth at least $400,000 in our country.

The high promised earnings, the support of SakoLife and its advantages in many different aspects have made owning real estate in Turkey popular among foreign investors.

Legal restrictions on acquisition of real estate by foreigners:

A. Foreigners may purchase immovables to use as a workplace or residence in Turkey, provided that they comply with legal restrictions. However, even in different cities, the total area of ​​immovables that a foreign person can purchase in Turkey cannot exceed 30 hectares.

B. It is also necessary to obtain permission from the military authorities in the region before foreigners purchase real estate. If the subject property is located within the security zone, it is important to clarify this issue before making the payment, since it will not be possible to sell to foreigners.

The unique beauty and attractiveness of the Mediterranean and Aegean coasts, natural beauties and historical values ​​enable Turkey to host millions of guests every year.

Turkey is quite cheap compared to Europe and America with the increase in the quality of the health services sector. Having a real estate in Turkey, it is possible to benefit from health services at affordable prices.

In the applications of foreign national real persons to the relevant land registry directorates for the acquisition of real estate:

  • Identity documents or passports,
  • Residence permits issued by the relevant police directorates for foreigners whose immovable acquisitions are subject to a residence permit,
  • In case they take action by proxy on the basis of the power of attorney issued from abroad, they are required to keep the original or a certified copy of the power of attorney along with their translation.

Before making sales contracts, matters such as whether the immovable is registered with limited real rights, whether it is mortgaged or whether there is any situation that prevents its sale, should be checked from the relevant Land Registry Office.

Foreigners who want to buy property in our country

  • Not signing legally binding contracts and not making payments without obtaining information about the real estate in question at the Land Registry Offices, provided that they prove that they are related,
  • It would be appropriate not to initiate transactions without researching the seller person or companies, and not to work with individuals or companies that cannot prove that they are serious and reliable.

In case of any dispute regarding the purchase and sale, the situation should be brought to the judiciary and a lawsuit should be filed in Turkish courts. It is not possible for the Turkish Ministry of Foreign Affairs and foreign missions to intervene in the judicial process.

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