5 Things You Should Know Before Buying a Property in Turkey
Are you thinking of buying a property abroad? Turkey may be what you are looking for!
In the last few years, massive developments have taken place in certain cities in Turkey, so Turkish Real Estate's value has reached a place where it is being noticed worldwide. Construction companies in Turkey have been thriving, aiming to build some of the most luxurious properties in some of the most beautiful locations. We at Turkey Expert understand that buying a property abroad might seem overwhelming, and hence, we are here to help. Here are ten things you should know before buying a property in Turkey.
1 Specify your Requirements
Whether you are considering purchasing a property in your home or abroad, knowing what type of property you are looking for, and why you want to buy to live in or to invest is essential. Whether a simple residential apartment, a luxurious apartment, a sea-front villa, a city-view penthouse, or a beachfront family home, knowing what you want to invest in should be the first thing on your checklist. Also, knowing where you want to buy is an excellent question; the answer to this lies in what part of Turkey you see yourself living in; is it a quaint place surrounded by greenery or a house with a fantastic view of the city. Our professionals at Turkey Expert with years of experience will lead you to the right property of your choice.
Also, read - 6 Reasons Why You Should Invest in Turkey
2 Which Turkish province will Suit you and your Family?
Location plays a vital role in deciding what property you will buy. Idle surroundings, ample amenities, and a property close to significant areas is the prime need of every home buyer. We understand that you may not be well-versed in cities and regions of the country, so we do our research thoroughly to pass on our knowledge so that you can make the right. Prime districts in Istanbul are lucrative investments as opposed to overpriced properties in the outskirts that have been heavily marketed. Still, these properties in prime districts of Istanbul are expensive as well. Hence, Turkey Expert advises investors to look at areas in a different city that are equally viable, like Antalya. We will ensure that you look at as many properties as you like to understand your choice and opinion so that we can suggest the best for you.
3 Rental Returns and Capital Growth
The return on investment and the growth of initial capital are critical factors that motivate investors to make their decision. Istanbul is a great city to invest in, keeping in mind that it is one of Turkey's most viable regions for real estate. Therefore, choosing the right property becomes very important. There are many projects in Istanbul that promise a guaranteed return, and if that's the case, investors can then think of reselling their properties and getting a higher return than what they invested. Turkey Expert advises investors interested in commercial spaces to invest in office spaces they can lease out to multinational companies established in the city to get high returns.
4 Getting a Residence Permit
Did you know that foreigners who buy a house in Turkey can apply for a residence permit? Yes, the Turkish government shows a great effort to motivate and support foreign real estate buyers in Turkey. For example, in 2013, the government declared that an investor could apply for a residence permit, which can be renewable as long as the property is still under the buyer's name. However, you wouldn't need a residence permit if you don't plan to live in Turkey and only visit on holidays.
Also, read - Buying Property In Turkey: Everything You Need to Know About it
5 Choosing the Right Agent
Since you are not in the country, selecting the right Real Estate agent is challenging. With a vast clientele, Turkey Expert believes that every client's need is unique. Therefore, our real estate specialists cater to the best, giving you the best service possible. Buying a property in a foreign country is a change of lifestyle, and it has to be well thought out, and choosing an agency that understands your needs is of utmost importance. Call us and fix an appointment with our professionals, who will talk to you at length to learn your preferences.