What to know before buying real estate in Turkey

Buying real estate in Turkey comes with a list of things to know before taking action. The details of things to know before buying real estate in Turkey are explained below.

• Understanding property rights in Turkey: Knowing property rights before buying property in Turkey is important from the start. Nationalities of 183 countries and corporations have a right to buy and own immovable property in Turkey. Immovable property can be purchased as land or as separate pieces of real estate, such as offices, apartments, and shops, which are subject to condominium rights (“kat mulkiyeti” in Turkish). An official transfer deed written by a title deed officer and registered with the title deed office is required for the acquisition of title to real property. Individuals must be nationals of one of the nations on the white list. For more information, foreigners interested in purchasing real estate in Turkey can contact Istanbul Property, Turkish embassies, and consulates, as well as the General Directorate of Land Registry and title deed offices.
• Ways to obtain Turkish Citizenship: Buying real estate in Turkey comes with benefits such as obtaining Turkish citizenship. For example, buying a property worth at least $400,000 grants Turkish citizenship.
• Know the property buying process: Knowing the process of buying property in Turkey will create a clear image in your head when identifying your needs for real estate. The buying process is simple in Turkey. Some of the important things to consider while buying property are real estate type and location, investment returns, project options, and additional costs in the process.
• Choose a trustworthy real estate agent: Working with the right real estate agent is vital before buying real estate in Turkey. A reliable agent must understand your requirements, offer a wide range of projects, and provide high-quality services to make the process hassle-free.