Feb 5, 2023

Turkey Real Estate: Challenges of Buying an Apartment

Turkey has become a real estate investment mine for many years due to the support that the government provide and the decisions that facilitate foreign investment for investors. Turkey real estate are very important and an attractive factor for real estate investment in Turkey.

Turkey real estate investment is characterized by their success and guaranteed profits, according to the local economic inflation in Turkey. Of course, every project has its pros and cons, so before we learn about the obstacles to buying Turkey real estate, you must know the importance and advantages of buying apartments there.

Rich information awaits you to know in the following words:

What are the advantages of Turkey real estate?

Real estate diversity includes all Turkey real estate in all states and cities in Turkey. You can find apartments for sale in Turkey, apartments for student housing, hotel apartments, studios, and many other options.
The specifications of Turkey real estate vary between spaces, decorations, and designs. Real estate offers related to apartments also vary in terms of ready-to-move offers or offers for apartments for sale under construction in Turkey.
The possibility of obtaining Turkish citizenship by owning Turkey real estate or investing in Turkey real estate in apartments for sale. This is done by purchasing an apartment in Turkey or purchasing several apartments for a value of 400,000 US dollars or the equivalent depending on the dollar exchange rate at the time.
The possibility of obtaining real estate residence permit by purchasing Turkey real estate worth $200,000 in any Turkish city.
There are many reliable real estate companies and offices that act as a link between investors and real estate offers from Turkey properties and others. An abundance of residential real estate projects in Turkey that contain offers for apartments for sale in Turkey.
Turkey real estate prices are appropriate, acceptable, and commensurate with the included specifications.
Turkey real estate prices in general, and apartments in particular, are considered cheap and competitive with apartment prices in neighboring European countries.
The tourism characteristic of Turkey makes Turkey real estate investment attractive and promising increased profits due to the many cultural, natural and historical tourist attractions in Turkey that attract tourists from all corners of the earth.

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Where to buy apartments in Turkey?

Turkey real estate offers are not limited to a specific place or state. You can get real estate offers in terms of apartments within various cities in Turkey. Apartments for sale in Istanbul occupy a high-ranking position and are very popular with investors because Istanbul is the economic capital that is full of economic activities and investments increasing day after day.

Istanbul is considered the economic center in Turkey and the leading state in all educational, health and cultural fields, including tourism and Turkey real estate. This is what makes buying apartments in Istanbul important and desirable.

How to buy apartments in Turkey?

If you are looking for an investment opportunity in Turkey, we advise you to head straight to the real estate offices and knock on their doors.

Once you choose your Turkey real estate destination, be sure that real estate companies will take care of the task of finding the right property or apartment for your investment desires in Turkey, and the company will take care of completing all the steps of buying this property or investing it later. These offices act as a link between the investor and the investment land within the area in which you wish to invest.

Specifications of Turkey real estate

Turkey real estate and apartments are superior to their counterparts in neighboring countries with all specifications in terms of location, view, or services related to the property. Even the standard of life in Turkey in general is classy and distinctive.

This is what makes apartments in Turkey and all other forms of real estate the focus of attention of major Arab and Western investors, especially with the highly competitive prices and the increasing economic inflation that guarantees you good profits. Statistics in all cities of Turkey indicate that real estate prices are increasing and continuing to increase. So hurry up to book your chance and buy your dream apartment within one of the Turkish cities!

Challenges when buying Turkey real estate

There must be some obstacles that you may face when buying Turkey real estate, such as:

You may encounter some difficulties in adapting and communicating with investors and customers in Turkey.
Speaking the Turkish language may be considered a difficult barrier at first glance. However, it is not considered one of the real obstacles, as you will need a certain period of time to adapt to the new society and get used to its language.
It is possible that you will encounter some pitfalls in obtaining an offer of an apartment for sale in Turkey, and certainly the best place to obtain these offers is the real estate companies in Turkey.
The Turkish street is not devoid of some people or entities that may try to deceive you with some imaginary shows or that contain deception, so do not be a victim of such people and for such cheating attempts take the experience from the experienced; Real estate offices are your guarantee and your only sponsor in real estate investment in Turkey.

Mistakes to avoid when buying Turkey real estate

There are many mistakes that investors make or those who want to buy Turkey real estate, especially if this is the first time. Therefore, it should be avoided as much as possible to keep away from its consequences. These mistakes are:

Not consulting real estate companies:

Many people do not want to use real estate companies, thinking that they will save money, but in reality, it is quite the opposite. The process of searching for Turkey real estate is not easy and requires a lot of attention and prior knowledge of the real estate market situation, which is not always available to the investor or buyer.

Buying a property in the suburbs far from the city center:

This mistake is considered disastrous for those who want to invest in Turkey real estate, as it is known that the location of the property plays a major role in determining its importance, value, and investment return. The closer the property is to the city center, the higher its importance. As for commercial real estate in Turkey, the closer the property is to the tourist centers and markets, the more its importance will rise. This applies to public transportation, government and private facilities and services.

Buying Turkey real estate in low-yield residential complexes:

There are some individuals who buy apartments in residential complexes with low returns, but this means a decrease in the amount of services provided by the residential complex management, as there are many services provided by the residential complexes related to safety and cleanliness, in addition to many recreational facilities and parks, not to forget about maintenance services. Most of these services are not available in residential complexes with low returns.

Buying old Turkey real estate:

Many people who want to buy Turkey real estate search for old properties because their prices are low compared to modern properties, but here you must pay great attention to the specifications of the property and inspect it well because these properties may carry many problems that may make staying in them uncomfortable for either you or for the tenant. There may be problems with moisture, mold, or some connections. You should also pay attention to the bills incurred for this property and other details.

Buying a property that does not serve the purpose of the purchase:

One of the important mistakes that some people make is buying real estate in Turkey without thinking about whether it serves its purpose. For example, if you want a commercial property, it is not permissible to buy a property far from the main transportation lines. When purchasing a property for the purpose of real estate investment, it must be chosen close to tourist places or have a sea view or forest view, for example. Therefore, the basic step before buying any property in Turkey is to determine its purpose, and buy based on that.

If you want to know more about Turkey real estate, do not hesitate to contact us via WhatsApp, here. We will respond to your inquiries as soon as possible.

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