Let’s talk about the mistakes that are most often made by foreigners who decide to become the owner of real estate in Turkey. The experts came to the disappointing conclusion that negative reviews about Turkey in most cases are based on the statements of precisely those people who initially “went the wrong way”. To find out about Turkey house prices, the best locations to invest in, and many other things visit Turk.Estate website.

Mistake No. 1 – there is no objective assessment of the real estate market in Turkey

The international real estate market can be compared to a mosaic – each country has its own rules of the game, forecasts, and trends for the current year. Without knowing the internal regulations, it is impossible to objectively evaluate this or that property, which can lead to a big mistake.

For the purchase to be profitable, and your house, villa, apartment, or cottage in Turkey to be profitable and not a burden, but a joy, several points should be considered:

• the difference between properties in the primary and secondary markets – in terms of price, internal content (technical equipment and utilities), reliability, and convenience;
• what kind of housing is in demand in recent years;
• what property is interesting for tourists and profitable in terms of further sale;
• which side of the world the windows face, which is very important;
• what makes up the cost of real estate in Antalya;
• what infrastructure is considered modern in a residential complex;
• do the houses have central heating?
• what “pitfalls” hide the secondary real estate market in the winter season and after 20-30 years of operation.

It is also worth paying attention to the active development of construction in Turkey, where modern residential complexes cannot be compared with those buildings that were a priority 20 years ago. 

Mistake No. 2 – does the cost per square meter of housing matter

Having started choosing their apartments, many foreign citizens choose a property based on the cost per square meter of living space. You will be surprised, but in the republic, these rules do not work.

Remember:

1. The total area of ​​an apartment in Turkey is the entire area, including walls, utility rooms, a balcony, and even a landing.
2. The total cost of real estate is made up of completely different factors – the view from the window, the direction of the world, the infrastructure and technical equipment of the complex, as well as the year of construction, and the material of the walls/doors / interior decoration.

The correct assessment of an apartment or a private house in Turkey is on the spot and only in person. Having previously studied the real estate market of a given country, comparing several properties, and personally “feeling” everything live, you can say with an accuracy of 90% whether this housing is worth the stated rate or agents intentionally overestimate it.

Mistake No. 3 – poor verification of all documents for the property and the transaction

“Trust, but verify” – this should be the slogan of every property buyer in the republic. All documents for the property must be carefully checked. 

In this country, the main documents of the housing are:

• the certificate of ownership of Tapu 
• and the technical passport of the finished house – Iskan.

As well as a plan for the location of apartments in a residential complex for an accurate understanding of the location of your particular apartment.

All necessary documents are provided by the agency before the transaction and, together with the buyer, carefully examines them. Also, when concluding a deal, be sure to ask the seller and your agency for all documents that relate to both the housing being sold and all parties involved.

Mistake No. 4 – neglecting of drawing up a competent agreement

The contract for the sale of real estate any way must be drawn up professionally, competently and clearly – after all, it will protect your interests in case of disagreements in the future!

The document necessarily prescribes all the conditions for the transaction, the stages of payment, penalties in case of failure to comply with the points of the contract by the parties, etc.

In Turkey, there are cases when the contract is drawn up on the knee on one sheet of paper and only in Turkish, when the buyer does not even understand what is written in it. Such a misunderstanding must be avoided by enlisting the help of a reliable realtor.

Your contract must be drawn up in 2 languages ​​and completely understandable to you!

Mistake No. 5 – unsecure transaction payment

Payment is a key moment in the transaction (mainly because after it the buyer receives a document of ownership).

The main rule that should apply in the republic for all foreigners is the payment of the principal amount at the time of obtaining a certificate of ownership of TAPU.

In the preliminary stages, you can make a deposit or make other small payments.

Of course, if this is a house under construction, you will need to pay in installments as construction progresses. That is why choosing a reliable agency or developer comes first!

It is also necessary to take into account the fact that real estate is purchased in another state, and to lay down currency risks. Therefore, you need to pay attention to the currency in which the transaction amount is specified in the contract.

Real estate in Turkey

Turk.Estate international portal offers a full range of services for a residence permit, permanent residence, and buying a home in the vastness of the Turkish state. They work with well-known consulting and real estate agencies that have extensive experience in their field and are direct partners of developers in Turkey.