Common Mistakes Foreign Investors Make When Buying Property in Türkiye
Investing in the Turkish real estate market is an attractive opportunity, but like any other international market, it can be challenging without sufficient knowledge. Many foreign buyers make mistakes due to their unfamiliarity with local laws and conditions that can result in lost time, money, or even property. In this article, we will look at the most common of these mistakes and how to avoid them.
1. Buying a property without checking the title deed (TAPU)
One of the biggest mistakes is to simply trust the seller or consultant without carefully checking the official title deed of the property. Always make sure that the title deed is free of debts, mortgages, or legal problems.
2. Choosing a region without sufficient research
Some investors only pay attention to the low price and choose an area that has a low return on investment. Researching the area's growth, proximity to the metro, shopping malls, and new projects is very important.
3. Ignoring ancillary costs
Purchase taxes, official translator fees, real estate agent fees, and document transfer are among the costs that are sometimes overlooked and can surprise the buyer.
4. Lack of an official contract and a certified translation
Many buyers rely on oral contracts. The purchase agreement must be formalized, translated, and notarized to be legally valid.
5. Buying without the help of a specialist advisor or lawyer
Working with reputable real estate agents and lawyers specializing in international affairs can prevent many problems. The presence of a legal expert when signing a contract is vital.
6. Focusing solely on citizenship
Some buyers act solely with the goal of obtaining citizenship and ignore the quality of the property, location, or investment value. The result is buying a property with low value or low returns.
Conclusion
Buying property in Turkey can be one of the best financial decisions if done with awareness and care. However, ignoring the legal and economic details can cause irreparable damage. Always use expert advisors to ensure your investment is safe and profitable.
