Buying Property in Istanbul

Buying Property in Istanbul

Buying property in Istanbul is an integrated process by starting with deciding on the right property that fits with your expectations and ending with finalizing the sales process correctly. Buying property in Istanbul requires professional assistance in order to make sure that you do not make mistakes at any point of the process.

Finding the Right Property in Istanbul

Finding the right property for sale in Istanbul surely is the most important step of the process. Amongst the thousands of properties for sale in Istanbul, investing in the right property needs a lot of market knowledge and assessment skills. It is possible to buy real estate in Istanbul in all 39 districts. Firstly, deciding on the area is one of the most important things when buying a property in Istanbul. Some areas are more promising than others. Also buying from the right real estate project from right price will increase the accuracy of your investment.

Defining the Key Factors

To find the right property to buy in Istanbul, you should define your inquiry in detail. Being exact about your inquiry will help you to be more successful about your investment. Questions must be asked to yourself such as should I buy a property in central Istanbul or developing location? Which size of the property has the highest ROI? What is the maximum square meter price that I am willing to pay? Determining your list also will help the real estate agency that you work with regarding presenting the right Istanbul properties.

Closing the Sale Safely

After finding the right property to buy in Istanbul and agreed on the price, it is important to close the deal safely. If you are buying a property from the developer, most probably the price that is declared on the title deed registry will be from the exact amount. On the other hand, for re-sale options, there is a big chance that the owner does not willing to declare the exact amount, to pay less amount of tax. You as a buyer have to make sure that the property you buy is declared from the exact amount to the title deed registry.

Secondly, it is important to talk about the costs on top of the property price. In Turkey, there is a title deed registry cost which is 4% of the property price and %1 of VAT. Some of the developers pay the costs half and themselves, some of them pay the some of them do not pay any of the costs. Costs must be negotiated and must be agreed on before the sales.

After Sales

After you finalize the property sales, it is essential to work with the right agent/agency that can supply you the after sales services in the best way. Moving in, interior design, renting out the property or reselling the property is some of the after sales services. After sales services are as important as before sales services.

Buying Real Estate in Istanbul

As it is outlined above, Istanbul real estate market is complicated and requires a certain level of professionality. It is crucial to work with the right professional to make the right investment and complete the sales process without any trouble. We as Century21 Sinerji, have been serving our international clients with our professional team for more than 10 years. You can reach us by clicking here.