Buyer Guide
As Otto34 Real Estate, we are ready to assist you in every matter you wonder about buying real estate in Turkey. We’ve rounded up what you need to know first in this buyer guide. Our expert representatives are ready to explain the whole procedure to you free of charge.
We have gathered some of the curious things under the main headings for you.
Is it easy to buy a house in Turkey?
What do you need to live in Turkey?
What are the education conditions for foreigners in Turkey?
What should be considered when starting a life in Turkey?
How to buy in Turkey ?
You have passed the most important step of the buyer guide;
You have decided to buy a house in Turkey or you are trying to make this decision. You can answer a few questions that will make your decision easier.
What is the main purpose of your investment in Turkey ?
a) I want to live my life in Turkey in the near future.
b) I trust the investment potential in Turkey, I want to make a profitable purchase for me with a numerical return.
c) Apart from my own country, I want to have a preparation in Turkey, if I want to leave my country one day, I want my life in Turkey to be ready to start.
d) I want to make an investment of 400.000 USD or more and gain the right to Turkish Citizenship. I would like to have a Turkish passport in addition to my own passport.
e) I am doing business with Turkey, I need commercial space, storage space or a shop.
Do you have a budget range that you have allocated for investment in Turkey?
Your answer to this question will help our investment advisor friends to offer you much more suitable options. It is possible to find an investment opportunity for almost every budget in Turkey, but not working on the right options can make you tired.
Where in Turkey should the purchase be made?
The choice of location is important to further strengthen our filter. If there is a special place you want, a portfolio study will save time. e.g; If it is Istanbul; Which part of Istanbul should be preferred? Is it near the sea? Should you prefer a quiet location away from the city center? If you have no idea, our experts will guide you in line with your needs.
When you find the answers to all these questions, you will be presented with the most suitable options for your investment in Turkey.
You’ve decided, now it’s clear what you’re going to buy, what about next?
Let’s move on to the last part of the buyer guide;
Step by Step Purchasing
After deciding what to buy, it remains to complete the purchases safely.
Conditions such as the type of real estate purchased and whether it is ready or not are important for what will be done.
First of all you will need a tax number to buy a property in Turkey. Now it is very easy to get potential tax number for foreigners. You can get your potential tax number from the online tax office.
Click here and get your tax number for Turkey now.
If you have a problem, contact our experts and we can do this for you.
If you’re buying a ready-made place, and you’re going to pay upfront, you can get your deed right away.
(If you have a plan to acquire Turkish Citizenship by purchasing,
We recommend that you review the section on what to consider when buying for citizenship. )
You will need a Notary or Consular-approved Passport Translation regarding your nationality and the currentity of your passport.
Controls such as the fact that there is no debt on the real estate you will buy, that the title deed is clean and that the construction has been done properly should be done. Remember that after the deed transfer is made, a noticeable disadvantage may be too late to intervene. Our expert investment consultants will do all these checks for you.
There is an appraisal report that you must have about the real estate you are going to buy. A valuation expert appointed by the state should prepare a valuation report about the place you will buy and upload it to the land registry system. The fee for this valuation report is approximately 1871 TL.
After the expert report is made, we fill out the application form and apply to the regional municipality with all the necessary documents.
On the appointment day given by the municipal land registry office, the title deed purchase taxes must be paid for the purchase. The purchaser and the seller must each pay 2% tax on the sales price.
One of the most curious questions; When is the sales price to be paid for the purchase of a flat in Turkey? Before the transfer is made at the title deed office, the sale price must be paid to the Seller’s account. The officer performing the relevant transaction verbally asks the Seller whether he has received the sales price during the transfer.
Our company offers you a guarantee service during this period.
We can manage the whole process for you with a power of attorney you give us regarding the purchases. In case of trust issues, our company can make a contract that guarantees your payments.
If you have any questions that cannot be answered in this buyer guide, please do not hesitate to contact us.
Life in Turkey
Turkey to live in a free and equal way.
It is possible to see the beauties that nature offers us here. A perfect geography where you can experience all 4 seasons awaits you. You can find everything you need here. From A to Z, suitable living conditions for every budget, restaurant, business opportunity, etc.
Investment in Turkey
Investing in Turkey is very popular around the world right now. The volume and speed of the construction industry is faster and higher-capacity than anywhere else. however, currently the housing stocks in Turkey are not enough to meet the demand. Whenever there is demand, your investment always appreciates.
Laws and rules that protect investors in Turkey create a safe investment ground. If you act by paying attention to the items we mentioned in the buyer guide and get expert support, the return on your investment will make you happy.
Visa and Residence
Getting a visa while coming to Turkey is very simple, with an online application, everything can be ready for you in minutes. You can extend this short-term tourist visa when you come to Turkey.
Rules regarding residence permit vary according to the way you are in Turkey. For example, as a tenant, you may not be able to obtain a residence permit in every province and district. The situation is suitable according to the foreign population density in the districts. Be sure to inquire about up-to-date information from our experts.
If you buy a house, you have a long-term residence permit and the right to renew it.
Investors who are entitled to Turkish Citizenship with an investment of 400,000 USD can obtain a residence permit without having to wait for the Turkish Passport to be issued after completing the purchase. You can find detailed information about acquiring Turkish Citizenship by Investment on the special page of our website.
Education for foreigners in Turkey
Public schools, colleges and many universities in Turkey are raising a bright generation for the future. There is a wide range of education from pre-school education to university and beyond. Schools providing education in many languages serve the children of foreign customers.
While doing your research on this subject, you will be asked for the equivalence certificate for your child who is currently studying in your country. Getting this document from your current school before coming to Turkey can help you speed things up.