At Adalet Law Firm, we guide you through the process of buying and selling property in Turkey. Our firm offers support at every step, from the preliminary research of property and building land to the purchase and sale procedures. We provide legal checks, secure contracts, and guide you through all the necessary steps according to Turkish law, so that you can invest in real estate in Turkey with confidence.
Buying property in Turkey can involve risks, such as legal complications and possible fraud. Although the Turkish government has introduced stricter controls to protect foreign buyers, it is still important to be vigilant. Engaging an experienced lawyer is crucial to avoid legal pitfalls and ensure a safe investment.
The following explains our approach to the property purchase and sale process in Turkey. You will get an insight into our preliminary research, the purchase procedure and the sales process, including the checks and steps we carry out to safeguard your investment.
The preliminary investigation of real estate involves determining the legal owner and checking for building permits, zoning plans, construction reports, and possible property and personal law encumbrances, such as mortgages, easements, attachments, and tenancy rights. It also checks for outstanding debts and taxes. For building land, boundaries, zoning, building regulations, easements, and agricultural preferential rights are checked.
The purchase procedure includes all legal inspections of the property, assistance with payment terms and money transfers, drafting a legally valid purchase contract according to the Turkish Property Law, and drafting a guarantee agreement. Assistance is also provided with cadastral approvals, permits, registrations, and the handling of applications for background and military investigations.
When selling property in Turkey, all relevant documents, such as title deeds and proof of occupancy, must be provided. The property must be debt-free for the transaction to take place. We guide the sales process, keep you informed of the transfer, and arrange money transfers to the Netherlands.
Before buying a property in Turkey, pay attention to specific factors. Ask yourself whether it is currently risky to invest and whether you should buy now or wait. Research the market offers and prepare for possible problems after the purchase. It is also important to evaluate the profit potential of property in Turkey and consider the pros and cons of your investment. Although the demand for Turkish property is high, you should always do thorough research and weigh your options before investing.
There are some risks with property investments in Turkey. Legal complications can arise due to differences in property laws and ownership rules. Insufficient prior research can lead to problems with property rights and documentation. The property market can be volatile due to economic fluctuations, such as fluctuations in the value of the Turkish lira and inflation, which may affect your investment. There is also a risk of fraud, especially for foreign buyers unfamiliar with local procedures. It is important to do thorough research and seek legal advice to mitigate these risks.
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