Buying Property in Turkiye

• هلدینگ ترکیه با ما
• اکتبر 8, 2023
• BlogEN
• Buying Property in Turkiye
• 0 دیدگاه

Buying Property in Turkiye: Preventing Fraud and Scams – Investing in real estate abroad can be an exciting opportunity, and Turkiye has emerged as a popular destination for international property buyers. However, like any investment, there are risks involved, particularly the threat of fraud and scams. This article will provide insights into purchasing property in Turkiye and ways to safeguard against fraudulent activities.

1.Research and Due Diligence:

_Before starting your property hunt, research extensively about the Turkish real estate market.

_Verify the credentials of real estate agents and developers you plan to work with.

_Check property records and titles to ensure there are no disputes or legal issues associated with the property.

2.Hire a Professional:

_Consider hiring a local attorney or real estate expert who is well-versed in Turkish property laws and regulations.

_They can guide you through the process, review contracts, and provide legal advice.

3.Check Property Ownership:

_Ensure that the seller is the legal owner of the property.

_Request copies of property deeds (Tapu) and verify their authenticity with the Land Registry Office.

4.Use an Escrow Account:

_Utilize an escrow account for your property transaction.

_Funds are held by a neutral third party until all terms of the contract are met, reducing the risk of payment-related fraud.

5.Avoid Cash Transactions:

_Avoid making large cash payments directly to sellers or agents.

_Use bank transfers or checks, which leave a traceable paper trail.

6.Beware of Unrealistic Deals:

_If a deal seems too good to be true, it probably is.

_Be cautious of properties priced significantly lower than market rates.

7.Visit the Property:

_Physically visit the property and the surrounding area.

_Inspect the property’s condition and ensure it matches the description provided.

8.Understand Taxes and Fees:

_Familiarize yourself with Turkish property taxes, transaction costs, and associated fees.

_Calculate the total cost of ownership, including taxes and maintenance expenses.

9.Consult Other Buyers:

_Seek advice from fellow property buyers who have experience in Turkiye.

_Online forums and expat communities can be valuable sources of information.

10.Read Contracts Carefully:

_Review all contracts and agreements thoroughly.

_Ensure that all terms and conditions are clearly stated and understood.

Buying property in Turkiye can be a rewarding investment, but it requires careful planning and due diligence to prevent falling victim to fraud or scams. Research, professional guidance, and a cautious approach are essential to protect your interests and ensure a successful property purchase in this beautiful country.

To acquire comprehensive insights about buying property in Turkiye, we invite you to reach out to the Commerce Department within the “With Us” Group. Our dedicated team of experts is ready to provide you with expert guidance and answer any questions you may have regarding your property investment journey in Turkiye. Feel free to contact us for valuable assistance and information tailored to your specific needs and aspirations.