Property Buying Process in Turkey
If you’re considering buying a property in Antalya, Turkey, you will realize that there are a lot of things to think about. Moreover, buying a new home in a foreign country is a momentous step that we all make in our lives. However, you shouldn’t worry as you are the right place for consulting. In this regard, Live in Antalya will be ready at your service to provide advice and assistance relevant to your investment ideas in Antalya.
We’re delighted to help and guide you through every stage of the property buying process in Antalya, including finding the right property within your price range that matches your ideals, organizing financial and official processes according to the Turkish laws and regulations.
Before jumping into the property buying process, we would like to answer some of the frequently questions which are asked by foreign real estate buyers in Turkey.
Frequently Asked Questions
Q: Where to buy property in Turkey ?
A: The statistics of YourKeyTurkey 2020 shows that Antalya attracts almost the same number of real estate investors as Istanbul with 76.622 foreign person preferred Antalya in 2019.
Q: Is Turkish Citizenship possible to obtain by real estate investment in Turkey?
A:
Turkey is one of the most prominent tourist destinations of the Mediterranean region. Moreover, in recent years, several amendments have been made to the ‘’Regulation on the Implementation of Turkish Citizenship Law’’ which paved a way for many foreign investors to obtain the Turkish Passport by real estate investment.
Q: What are the advantages of buying a home in Antalya?
A: Providing intercultural high living standards, breathtaking nature, and a feeling of 300 days of summer, Antalya continues to attract foreigners to invest in real estate in Antalya.
This summer city is not only enjoyable with its climate and nature but also very suitable for foreigners due to its international socio-demographic structure, affordable prices of the local market, and diverse social&cultural opportunities. Moreover, Turkish hospitality will help you feel at home quickly.
When it comes to buying a property in Antalya, there are couple of points that
1- Make a wish list
Before knocking on the doors of any real estate agency, we highly recommend you to make a wish list.
Ask some questions to yourself to draw a clearer picture of your property purchase motivation in Antalya such as; Is it going to be your holiday place, a home for long years ahead, or just an investment property?
Following considerations include such questions: Is the physical conditions of the house/apartment sufficient for you and your family? Will these conditions still be sufficient for you and your family in the future.
After you find your answers, speak to Live in Antalya team, and we can present you the properties that best suit your desires and lifestyle.
Ask some questions to yourself to draw a clearer picture of your property purchase motivation in Antalya such as; Is it going to be your holiday place, a home for long years ahead, or just an investment property?
Following considerations include such questions: Is the physical conditions of the house/apartment sufficient for you and your family? Will these conditions still be sufficient for you and your family in the future.
After you find your answers, speak to Live in Antalya team, and we can present you the properties that best suit your desires and lifestyle.
2- Do the research
Even though you may be experienced with buying property purchase in your home country, the real estate purchase process in Turkey might be different in terms of legal procedure and paperwork.
Following the wish list preperation phase, here are five essential points that every foreign buyer should pay attention to during the research phase.
Following the wish list preperation phase, here are five essential points that every foreign buyer should pay attention to during the research phase.
- Learn about the district or city of your potential property.
- Understand the local development plan of the respected area.
- Compare your potential property with the other real estates that have been sold in the respected area with similar amenities and size.
- If you're planning to invest in a property for buy to let reason, learn about the rental market with comparable data.
- Find a professional real estate agent and let them make clear every detail of the process of buying a property.
3- Choose the right real estate agent
It is rather complex to buy a property in Turkey without a real estate agent. For this reason, finding an agent you can trust is critical during the property buying process.
At first glance, you might think the experience is all that matters when choosing a real estate agent. However, that alone is not enough. Working with an agent who has strong communication skills, honesty, and an international mindset will make the process much easier for you.
Based on our brokers' experiences in Antalya, we only work with construction companies with good references. Live in Antalya also cooperates with local real estate agents to find more suitable properties based on its client preferences. Our commercial approach is not for once. We are aware of that we must invest in our clients by delivering the best service we can.
Live in Antalya team is devoted to provide you the best assistance for your real estate acquisition with our lawyers, financial advisors, and expert brokers.
At first glance, you might think the experience is all that matters when choosing a real estate agent. However, that alone is not enough. Working with an agent who has strong communication skills, honesty, and an international mindset will make the process much easier for you.
Based on our brokers' experiences in Antalya, we only work with construction companies with good references. Live in Antalya also cooperates with local real estate agents to find more suitable properties based on its client preferences. Our commercial approach is not for once. We are aware of that we must invest in our clients by delivering the best service we can.
Live in Antalya team is devoted to provide you the best assistance for your real estate acquisition with our lawyers, financial advisors, and expert brokers.
4- The location
Antalya, as one of the most developed cities in Turkey, has multiple urban centers. That's why spending some time on visiting some of those centers such as Lara, Konyaaltı or Kaleiçi (Old town) could be beneficial for your decision making process. Start your research about 3 districts of Antalya where are most appropriate for foreign buyers.
We consider for you;
We consider for you;
- Development structure of the desired region,
- Natural environment,
- Social opportunities,
- Proximity to various institutions (hospitals, schools, shopping malls),
- Accessibility and proximity to the main transportation lines,
- Other profitable investment areas and real estates in Antalya.
5- Showcase trips
The ‘Showcase Trip’ is an information-gathering tour before initiating the real estate investment process which will help you to make your mind before buying a property in Turkey.
A show case trip covers the organization of your trip to Antalya including accommodation and guidance for the entire process of your property purchase.
Before deciding on an eventual purchase, we highly recommend you to have a look on the spot. This will also let you explore Antalya and to get meet with the Turkish hospitality.
A show case trip covers the organization of your trip to Antalya including accommodation and guidance for the entire process of your property purchase.
Before deciding on an eventual purchase, we highly recommend you to have a look on the spot. This will also let you explore Antalya and to get meet with the Turkish hospitality.
6- Sales agreement and Legal procedure
After signing the sales agreement, you will have to transfer money to complete the property buying purchase. Our investment assistants are dedicated to being your guide on each step.
Here are the legal steps that one should follow to finalize a property purchase officially in Turkey.
Here are the legal steps that one should follow to finalize a property purchase officially in Turkey.
- TAX-Number Registration: A tax registration number is received from a tax office by submitting your passport and photographs.
- Bank Account Registration: Use your tax number and passport for the bank account registration.
- Property Appraisal Report: Your property valuation is accomplished by an SPK validated appraiser who will assess your property and prepare a valuation report.
- 2% commission of real estate brokerage is charged both from the buyer and vendor according to Article 20 - Regulations of Immovable Trades of Turkish Republic.
6- Sales Agreement and Legal Procedure
After signing the sales agreement, you will have to transfer money to complete the property buying purchase. Our investment assistants are dedicated to being your guide on each step.
Here is the list of legal steps that one should follow to finalize a property purchase officially in Turkey.
Here is the list of legal steps that one should follow to finalize a property purchase officially in Turkey.
- TAX-Number Registration: A tax registration number is received from a tax office by submitting your passport and photographs.
- Bank Account Registration: Use your tax number and passport for the bank account registration.
- Property Appraisal Report: Your property valuation is accomplished by an SPK validated appraiser who will assess your property and prepare a valuation report.
- 2% commission of real estate brokerage is charged both from the buyer and vendor according to Article 20 - Regulations of Immovable Trades of Turkish Republic.
7- Necessary documents for acquisition of real estates in Turkey
- Title Deed: Buyer applies for the certificate of conformity from Cadastre and Land Registration Office and obtain the title deed which is called TAPU in Turkish.
- Identity document or passport: (Translated version must be presented when necessary and must be issued in a manner to indicate the citizenship of the buyer),
- Real estate valuation report: An official appraisal report of a property can only be written by CMB (Capital Market Board of Turkey) licensed appraiser,
- Real Estate Current Market Value: issued by the relevant municipality,
- Compulsory earthquake insurance policy for buildings (house, workplace etc.),
- One photo of the seller and two photographs of the purchaser (shot within the last 6 months, size 6 x 4),
- Certified translator if there any party that does not speak Turkish,
- If the procedure takes place using a power of attorney issued abroad, original or certified copy of the power of attorney along with translation thereof.
To count the main benefits of the house: the house contains dreams, the house protects the dreamer, the house allows to dream in peace...
Whether we buy a house for our family or ourselves, there is a house we all dream of. Some of us dream of an apartment building according to our lifestyle; some of us dream of having a barbecue in the garden with our neighbors while providing our children a safe and advantageous environment.
Live in Antalya team is passionate to listen to your wishes carefully and offer you the most suitable house or apartment in line with your life style, budget, needs.