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...
Despite the fluctuate of the Turkish lira exchange rate against the US dollar changed,  Real estate prices did not change, especially move-in-ready ones, as these properties were created earlier, but in cases the seller may ask for a higher price after signing the contract. so When the seller can change or raise the price of the property?The sale contract includes the information of the both parties, the seller and buyer,  in addition to property specifications. It also includes the price of the property, which was agreed upon between the seller and the buyer. It also includes the payment method...
Because of the real estate sector development in Turkey and attracting investors from many countries, fraud and swindling spread widely, so some people cheat the investor, taking advantage of his lack of knowledge of the buying and selling real estate issues in Turkey or the Turkish law, so we offer you the most prominent methods used by fraudsters to trap investors in their frauds .1- Real estate owner charecter scam : It is one of the most common ways where the fraudster presents himself as the owner of the property and has all the forged documets to prove this,...
Despite the spread of fraud and scam cases, there are still some simple ways that can help the investor not to fall in scam.First, paying attention to not paying any amount before starting the legal procedures or transferring the down payment according to a clause mentioned in the sales contract.The property must be seen and inspected more than once and not to be waived permanently.Not to sign any document before reading it well and knowing all the items mentioned in it clearly, with attention not to abide by only what was mentioned in the documentsAsking about...
Real estate prices in Turkey are acceptable and reasonable compared to real estate prices in Europe and many other countries, but what are the factors on which the determination of real estate prices in Turkey is based?1- Location: The first factor is the location, as real estate prices vary from one area to another and from one province to another, as well as the distance from public services and facilities, as real estate prices are in rich-facilities areas, which include many construction and real estate projects , are usually higher than real estate prices in other areas that do...
Many real estate investors feel lost when buying a property in Turkey, there are many projects under construction and also a lot of properties ready to move or even for rent, but which is better financially, in other words, when the investor is confused between a property under construction and another is ready and at the same price, which one thy must choose?? This is the topic of our article todayUnder construction real estates go through three stages:1- If the project is still on the plans only and working on it has not started2- The project...
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According to Turkish Statistical Institute data, Yemenis have bought 1082 properties in Turkey were in early 2019.Generally, the number of houses purchased by foreigners in Turkey reached 32,268 during 2019.The Yemenis ranked 20th among the most foreign properties buyers in Turkey in 2015, 15th in 2017, 11th in 2018, and 9th in 2019, and in 2016 they were out of the 20 list.
Most expensive:1. Besiktas:    11,409 TL/ m2  (equals $ 2,400)2. Sriyer:9.925 TL/ m2  (equals $ 2,090)3. Kadikoy:    7,062 TL/ m2 (equals $ 1,490)4. Princess Islands5. Sisli6. Uskudar7. BeykozCheapest:1. Esenyurt:    2204 TL / m2 (equals $ 460)2. Catalca:2,213 TL/ m2 (equals $ 465)3. Sultan Bey:2,378 TL/ m2 (equals $ 500)4. Silivri:    2,460 TL/m2 (equals $ 518)5. Arnavutkoy:2,466 TL/ m2  (equals $ 520)
The file of naturalization in Turkey goes through many stages, What are these stages:Lst's start with the first step, which is to buy a property worth 250 thousand US dollars, as seller must be a Turkish citizen. Also please note that when transferring the amount through the bank, the reason for purchase must be mentioned (this property was purchased in order to obtain Turkish citizenship) and the payment receipt must be preserved  and stamped by the buyer's bank, then the purchase value registered in the Tapu will be calculated according to the exchange rate of the Turkish lira...
Earthquake insurance is mandatory in Turkey, and it concerns real estate in Turkey, whether residential or non-residential, as it aims to reduce expenses for real estate investors in Turkey when disasters occur.Earlier in 2000, the Turkish government issued a compulsory law to insure against earthquakes and natural disasters that the country may be exposed to, and this law came after the devastating Marmara earthquake in the state of Izmit (Gölcük depremi) that occurred in 1999, which recorded a magnitude of 7.6 Richter scale, the earthquake lasted for only 37 seconds, leaving 17,000 dead and massive property collapse, in...
After abolishing the reciprocity principle in 2012, the Turkish law has allowed foreigners from almost all nationalities to own properties in the Turkish territories  except areas close to military and strategic sites such as oil and energy stations, airports, sea ports, and others. A foreigner is also entitled to own more than one apartment, house, or land with a maximum area of ​​30 hectares.As for Syrians, although property purchasing law in Turkey has excepted them, but it is available by other methods such as establishing a company and buy a property in its name, or by an agency for...
Recently, Turkish newspapers announced that the real estate sales in Turkey  increased 82% over the last month.As Antalya and Istanbul registered the highest sales and Iraqis are at the top of the list of foreigners who bought properties from Turkey last April. Turkey also provided a package of incentives to foreign investors in Turkey, especially real estate owners, and offered them Turkish citizenship in exchange of buying a property in the country.