Property Acquisition for Foreigners in Turkey
As Estist Real Estate we prepared a short property acquisition guide for you that will be very useful to read before you start any progress for purchasing any property in Turkey.
First of all, everyone has different taste, criteria and budget. So you need to Identify the property you want to purchase according to the budget and desired criteria.
Do you have to get professional guidance?
Answer is YES!
We strongly suggest to start with a professional and experienced property broker like us who will help you finding the best options for you because they know the market very well, as well as the legal issues that you can face with. Otherwise you can end up losing your money with empty hands since market is really complicated without having experience.
The next step: Finding Best Opion!
As your real estate advisor, we already contact with many well knows developer construction companies, along with landlords and 2nd hand resellers.
After finding the best option that suits for you we check the condition of the property at legal directorates, such as the registry details of the property at the Directorate of Land Registry, on your behalf.
Once you decide the property you want to purchase, there can be long term payment plan or cash depending on the property type. After completion of full payment you will be able to get the title deed.
As next step an appraisal report which shows the actual value of the property shall be issued by a company authorized for property appraisal.
Then you have to apply to the Land Registry Directorate with the documents required to start the sales procedures of the property. Estate Istanbul will be helping you out all these procedure without having any issues.
The document shall be checked by the Directorate of Land Registry and any incomplete items shall be completed. The parties shall be informed on the fees they are to pay for the transaction.
Eventually after you sign the official contract issued by the Directorate of Land Registry for the sale, under the presence of the public officer, and the sales transaction will be completed
when the contract is signed.
If total purchase has a value of $ 250.000 at the time of title deed transfer then you can also apply for Turkish Citizenship. Citizenship application takes around 2-6 months depending on each individuals personal condition. (Nationality etc.)
Please feel free to contact us for your questions and request any guidance for property purchase and citizenship acquisition.
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