Can foreigners obtain a mortgage in Turkey?Foreigners can obtain financing through a number of Turkish banks, most of which have English speaking consultants to guide them. Most banks offer up to 70% of the value of the property, and some will also offer loans in dollars, euros or pounds, to buyers wanting to avoid exchange rates.What are the types of real estate loans?Various types of mortgages, such as variable interest rates, adjustable rates, residential mortgages, low interest mortgages, international mortgages, and long-term mortgages.What are the requirements to be able to obtain a real estate loan?Obtaining...
How does the rise of the dollar and its fluctuations against the Turkish lira affect real estate investment and the real estate market in Turkey?Real estate investment in Turkey in light of the decline in the Turkish lira against the dollar has many facts-Where the decline in the Turkish lira gives greater competitive strength and an opportunity to sell real estate, sell goods and export more- The decline of the Turkish lira against the dollar motivates foreign investors to enter the Turkish market and take investment opportunities at the lowest cost- In addition, the decline of...
Many foreign investors in Turkey own real estate worth less than 250 thousand dollars, so how can they obtain Turkish citizenship with a property less than the required amount?The answer here is to obtain real estate residency, so what is real estate residency, what are its advantages, and how to obtain Turkish citizenship through it?The difference between real estate residency and touristic residency?First: When applying for tourist residency, a rental contract in Turkey is enogh . As for real estate residency, it requires a property title deed, any type of real estate in Turkey, with an update...
After the development of the real estate sector in Turkey, the demand of apartment by foreign investors t has increased, and that is why Turkeydar Real Estate will clarify you the most important features of apartments in Turkey.• The most important feature in Turkey apartments is that they follow professional and personal safety and security systems, such as the suspended fire system on the ceilings.• The quality of the plumbing system: Those who buy modern apartments in Turkey do not suffer from any problems with water and sewage, as the Turkish government has distributed construction companies...
Today we are going to talk about the difference between new apartments and resale apartments, whether for housing or investment, and in this article, Turkeydar Real Estate provides you the pros and cons of new apartments.Pros of new apartments:• Most of the new apartments have a modern and contemporary design• There is the possibility of modification to the apartment while the apartment was under construction.• Often the new apartments are within modern residential neighborhoods as well, so their urban planning is also modern, where services, public facilities, green spaces, and other facilities are available.• The...
And now we continue about the difference between new apartments and resale apartments. As for today, we will move on to talk about the pros and cons of resale apartments.Positives:• The options for resale apartments are much larger than the new apartments, especially in terms of space and design.• Often it is possible to bargain and negotiate the price• The neighborhood that includes the property is ready and all service centers and social facilities are available in itNegatives:• The buyer of the resale property needs to do a complete maintenance on the apartment.•...
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Real estate investment in commercial shops is one of the most important types of real estate investment that investors often prefer. Today we will talk about the most important advantages of real estate investment in shops in Turkey.• The large number and diversity of real estate projects that include shops in Turkey, which guarantee high quality and adequate services and in excellent locations, where the Turkish government is keen to develop the real estate sector continuously in order to provide the best options for foreign investors on its lands.• Commercial Real Estates are among the properties that...
According to the expectations of experts in the real estate field in Turkey for the year 2021, commercial real estate will thrive, so Turkeydar Real Estate offers you important tips before buying any commercial property in Turkey.• Contact a reputable and highly reliable real estate company to help you and provide you the best options and special offers that suit your request.• Choosing an excellent location close to transportation, hotels and commercial centers in order to ensure a profitable investment.• There are many companies that promise a rental guarantee with a distinct profit return, where the...
Since the Turkish government allowed foreign investors to buy real estate in Turkey remotely by doing a power of attorney  to a resident in Turkey who will be able to complete the process on behalf of the buyer, today we are going to explain how to do pwer attorney.First, go to the Turkish embassy or consulate located in the yourcity, bringing the following documents:• A copy of the identity card of the person entrusted with it, clearly indicating the national number• A valid passport• 4 biometric photos• Preparing a form for the power of attorney...
One of the most important real estate investment laws in Turkey is the real estate finance law that was issued in 2007 in preparation for other laws that facilitate the purchase of real estate in Turkey.According to the real estate finance law provided to investors to facilitate the purchase of the property, the maximum amount of the mortgage loan is 70% of the value of the property, or they can take advantage of the mortgage offered by banks to investors also in order to buy the property, but the mortgage is only available in large cities such as...
Since the real estate market in Turkey is huge and diverse , the investor may be confused where to buy real estate in Turkey, so we offer you a list of the most popular places for investors in Turkey.• Alanya: a city with a beautiful nature in Antalya, with its beaches on the Turkish Riviera and its natural landscapes. Alanya is a tourist city and includes all services and facilities at the same time such as restaurants, markets, cafes and many other facilities. Real estate in Alanya is diverse due to its tourist nature, so investors choose it...
• Transferring money through banks: One of the easiest ways is bank account, but both parties should have an account with Iban in addition to the bank's swift code. The process of transferring money is done against a certain amount that the bank benefits from, which is called the bank’s commission. This amount increases with the increase in the amount to be transferred, but it is often symbolic. In this process, the currency must be in US dollars only.• Transferring money by PPT: Since PPT company is a Turkish State company, it is considered the safest for many people....