Opportunities for prompt action with real estate in Turkey
The eternal noise of cars outside the window, dust and gray skies - all this is the everyday life of residents of any large metropolis. Many of them dream of exchanging all this for the sound of the surf, the bright colors of exotic greenery and fresh air. Now there are very favorable conditions that allow you to realize these dreams - to buy yourself a property near the warm sea. Real estate in Italy, Spain and Bulgaria is traditionally in demand among Russian residents, but now, along with real estate in these countries, real estate in Turkey is coming to the forefront.
Many Russian residents spend their holidays in this country and have already come to love it for its hospitality, a huge selection of entertainment and oriental flavor. But Türkiye is interesting not only as a tourist attraction on the coast of the clearest sea. This is a country that can offer not only luxury hotels, but also untouched nature, it is interesting with its centuries-old history, its culture is enchanting, its people are friendly and open, you will always find something new and interesting here. Turkey boasts first-class ski resorts, unusual natural attractions, cozy towns, each of which has its own special flavor.
Let's consider the practical side of the issue of buying real estate in this country. Although prices have been growing over the past few years, they are still pleasing with their moderation compared to prices in European countries, which is why real estate in Turkey today is a good investment. Those who are planning to move to the warm sea for permanent residence will be pleasantly surprised by the prices for utility services in Turkey. Payment for electricity and water per month is about 30-40 euros, those who do not plan to spend all their time here can rent out the apartment - in the worst case, covering all their expenses for maintaining the property, and in the best - get a good monthly income from rental property.
Condition for purchase
A necessary condition for purchasing real estate in Turkey is obtaining a residence permit in the country, which is an additional advantage.
To make a purchase you need:
- obtain a personal tax number;
- open a bank account (obtaining a personal number was necessary to open an account);
- translate your passport into Turkish and have the translation notarized by a local notary;
- transfer the required amount to the account (Turkish banks do not provide loans to foreign citizens, so the buyer must have the entire amount available).
After this, a purchase and sale agreement is drawn up, which is signed by the seller and the buyer in the presence of a notary and a certified translator. The agreement is drawn up in Russian and Turkish, it indicates:
- all characteristics of the property;
- cost of the object;
- amount of advance paid;
- the amount that remains to be paid and the timing of its payment;
- additional conditions, if present.
The purchase and sale agreement has been signed, what next?
Now you need to apply for a residence permit in the country, which must be valid for at least 6 months. Then all prepared documents are transferred to the Cadastral Department, and the verification procedure begins, which lasts from 4 to 6 months. During this time, the agreement is sent for verification to the General Staff of the Armed Forces, located in Izmir. At this stage, the General Staff will check whether the property being purchased is a strategic asset for the country. Next, the documents are sent to the Main Cadastral Office located in Ankara, where it is necessary to obtain a resolution stating that all submitted documents comply with local standards. After all checks have been passed, the buyer receives a document confirming ownership of the purchased property - TAPU (TAPU SENEDI). This document contains the owner's name, photograph, and details describing the property. The owner can receive a TAPU either personally or through an authorized person. After receiving a certificate of ownership from the Cadastral Department, you can obtain all the additional information you are interested in about the object of purchase.
The next question that always arises when purchasing any real estate is: what additional costs are there when purchasing real estate and registering it in Turkey? The following expenses can be mentioned: the tax that is levied upon receipt of TAPU, amounting to an average of 3.3% of the price of the property; the services of a notary, a professional translator and an agency are paid if its services were used.
Summarizing all of the above, we can say that real estate in Turkey can be an excellent investment, a place for permanent comfortable living and monthly additional income. If, after a detailed acquaintance with the country, you have a desire to buy your own business here, then Turkey can provide all the necessary conditions for this.
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