Property Purchase Process in Istanbul: A Visual Guide from Estates Istanbul

Welcome to Estates Istanbul, Due to the applications received by our legal department in recent days, we wanted to discuss again the stages and essentials of buying a house in Turkey. Please be careful when buying property in Turkey. If one of these is missing, it means you are being deceived. Either you are not working with a professional, or you are working with people with bad intentions. Please question it

Understanding the Turkish Property Market:

Turkey stands out as a lucrative destination for property investment, boasting a strategic location, a plethora of property options, and promising investment returns. Whether your heart is set on a luxurious apartment amidst the hustle and bustle of Istanbul or a tranquil villa in the suburbs, grasping the market dynamics is imperative.

Eligibility and Legal Requirements:

Embarking on your property journey necessitates a thorough understanding of the legal landscape in Turkey, especially for foreign investors. Ensure you meet all eligibility criteria and have all requisite documents at hand, including a Turkish tax number and a local bank account.

Finding the Right Property:

Tap into the wealth of experience and knowledge at Estates Istanbul, as our expert agents guide you through our extensive property listings, ensuring you find a home that perfectly aligns with your preferences and budget.

Due Diligence and Property Valuation:

Engage in comprehensive due diligence to identify any potential legal or financial issues tied to your chosen property. Additionally, procuring a property valuation report from a certified expert is a non-negotiable step, guaranteeing transparency and fairness in your transaction.

Securing Financing and Currency Exchange:

Explore various financing avenues, and if necessary, secure a mortgage from a reputable financial institution. Given the imperative of transacting in Turkish Lira, liaise with your bank to facilitate the currency exchange and acquire the Döviz Alım Belgesi (Foreign Currency Purchase Document), a pivotal document affirming the legality of your transaction.

Navigating the Title Deed Transfer:

With all your documents and finances in order, proceed to the Land Registry Office to commence the title deed transfer process. This pivotal moment marks your official transition into property ownership, a significant milestone in your investment journey.

Post-Purchase Formalities:

Post-purchase, ensure that your property is duly registered with the local authorities and that all necessary utilities are set up in your name. Investing in comprehensive property insurance is also advisable to protect your asset from unforeseen contingencies.

Enjoying Your Investment:

Congratulations are in order! You are now a proud property owner in Turkey. Whether you choose to reside, rent out, or hold onto your property for future appreciation, the opportunities are boundless, and your adventure has just begun.

Buying property in Turkey

An Endeavor brimming with potential and promise. Estates Istanbul, we are committed to guiding you through each step of this process, ensuring that your investment is secure, transparent, and meticulously tailored to your unique needs. Seize the opportunity, and allow us to assist you in unlocking the doors to your dream property in Turkey.

The Benefits of Working with Estates Istanbul

1. Time and Effort Saving: Leveraging our expertise and network, we streamline the property buying process, saving you valuable time and effort.
2. Access to Exclusive Deals: Our strong relationships with property developers and sellers provide you with access to exclusive deals and opportunities when you are buying a property in Turkey.
3. Peace of Mind: Knowing that you are in safe and experienced hands provides peace of mind, allowing you to focus on making the best investment decision.

Buying property in Turkey is a significant investment decision, and working with the right partner is paramount to ensuring success. Estates Istanbul stands as your reliable and knowledgeable partner, guiding you through every step of the property buying process, ensuring transparency, compliance, and personalized service. Embrace the opportunities that Turkey’s property market has to offer, and let Estates Istanbul be your guide to successful property investment in this vibrant country.