What do I need to know when buying property in Turkey?
When we asked expats what advice they would give a foreigner before buying a property in Turkey, they said...
"1. It is important to research the area you are looking to buy in, as well as the local laws and regulations. 2. Make sure you have a good understanding of the Turkish property market and the current market conditions. 3. It is important to have a lawyer who is experienced in Turkish property law to help you with the purchase process. 4. Make sure you have a clear understanding of the costs associated with buying property in Turkey, such as taxes, fees, and other expenses. 5. Ensure that you have a valid residence permit if you are planning to live in Turkey. 6. Make sure you have a clear understanding of the payment terms and conditions of the purchase agreement. 7. Ensure that you have a clear understanding of the title deed and any other documents related to the property. 8. Make sure you have a clear understanding of the rights and obligations of both the buyer and the seller. 9. Make sure you have a clear understanding of the insurance requirements for the property. 10. Make sure you have a clear understanding of the maintenance and repair obligations for the property," commented one expat who made the move to Turkey.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What do I need to know when buying property in Turkey?
If you live in Turkey, newcomers to Turkey would love to hear your answer to this question:
