How to Buy Property in Istanbul?

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How to Buy Property in Istanbul?

• Looking to buy property in Istanbul? This blog
  post breaks down the process of buying a property
  in Turkey that might help you feel less
  overwhelmed.
• When considering whether or not to buy property
  in Istanbul, you should consider a few factors.
  Are you from Turkey? Will this be your first
  time living outside of the United States? Are you
  looking to buy a home to use as a residence or
  investment property?
• Regardless of why you want to purchase a piece of
  land in Istanbul, understanding what is going on
  with the Turkish real estate market and real
  estate laws will help make things much easier.
  So, let's get started
• Things to Keep in Mind while buying a property in
  Turkey
• Here is a list of a few things that you should
  keep in mind before buying a property in Turkey
• Research
• You should always start by doing some research.
  This includes
• Surfing the web (or hiring a real estate agent)
  and looking at houses that you think might
  interest you.
• Learning about property laws in Turkey (such as
  tax laws).

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• Looking at blogs and websites of ex-pats who live
  in Istanbul and searching for their advice on
  buying properties there. Talking to friends and
  family members who live in Istanbul.
• This way, you can identify the areas where you
  want to live or what kinds of properties you
  might want to buy. You can also see if your
  investment matches the law in Istanbul regarding
  foreign ownership of property in Turkey.
• Legal rights
• Before buying land or property in Turkey, it is
  important to understand your legal rights as a
  foreigner. If you want to buy a home just as an
  investment property or vacation home, this might
  not matter too much. But if you are interested
  in buying a property as your permanent residence,
  it will be important to know if you qualify for
  any tax breaks.
• Costs Fees
• Make sure you understand exactly what closing
  costs and fees will be involved with purchasing
  property in Turkey. There is a distinction
  between the purchase price in the U.S and the
  closing costs associated with purchasing the
  home.
• Your agent's commission is included in your real
  estate purchase price in Turkey. Make sure that
  you keep this in mind when crunching numbers to
  make sure you can find a great deal on a property
  that also has low costs associated with it.
• Buying from a private seller
• If you are looking to buy property from a private
  seller in Istanbul, it'll be important to
  research the land you're looking at buying. This
  can include researching the history of the land
  and how long it's been for sale. Sometimes, land
  that has been for sale for a long time is less
  desirable than recent purchases.
• If there have been many owners of a piece of
  property, it might indicate that something is
  wrong with it. However, it would help if you
  also are wary of a property that one family has
  owned for generations. This kind of ownership
  might indicate that the land is now in ruin and
  is unlikely to be sold at any price. If you are
  looking for a trusted real estate agent in
  Turkey, you can contact Homes Beyond. We will
  help you find the best houses for sale in
  Istanbul.
• Foreign ownership
• Make sure that you understand what foreign
  ownership laws are in Turkey before buying a
  property there. Foreigners have different legal
  rights in Turkish real estate than they do in the
  United States, so you have to make sure this is
  important.

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• If you are buying a property in a popular tourist
  area, you might be limited with what rights you
  have to the land. You should familiarize
  yourself with the restrictions on foreigners
  living in this kind of area so that you don't
  get taken advantage of.
• Buying Multiple Properties
• Making sure that a property is legally yours when
  purchasing properties for investment purposes can
  be a tricky process in Turkey. The land
  registration process can be slow, and you have to
  make sure that the property you are getting is
  exactly the land you believe it is. You should
  also know what kinds of services are legally
  required if you plan on purchasing multiple
  pieces of property in Turkey.
• Taxes
• When making a real estate investment, one of the
  reasons for purchasing a property in Istanbul is
  the low tax rates on many properties there. Look
  into where tax rates are before looking for an
  apartment for sale in Istanbul and how they
  might change in the future with new changes to
  the Law.
• Are you looking for a house for sale in Istanbul,
  Turkey? Contact Homes and Beyond today. We are
  real estate agency in Turkey with years of
  experience. Just tell us your requirements, and
  we will take care of all your requirements.