Turkey Property Buying Guide

What is Urban Transformation Loan and How to Get It? Urban transformation loan is a bank loan that can be used by people who want to rebuild their residence or workplace, which is determined to be a risky structure. According to Article 7 of the Law on Transformation of Areas Under Disaster Risk No. 6306, interest support is given to this bank loan used by people who want to renew their residence or...

What is the Real Estate Acquisition Fee? acquisition; Acquisition is a term that means acquisition. In real estate, an acquisition is the official acquisition of real estate by a person. According to Article 705 of the Civil Code No. 4721, the acquisition of real estate, that is, the acquisition of ownership, is by registration. Registration is carried out through the deed transfer process. The date on...

Urban Transformation Guide for Home Owners With the Law No. 6306 on Renewal of Buildings with Disaster Risk, adopted in 2012, urban transformation was initiated in all cities in Turkey. With the said law, state supports such as interest reduction, rental assistance and exemption from certain fees were granted to people who wanted to rebuild their real estate. Thus, the renovation of buildings in cities...

Who Can Get a Housing Loan? One of the preferred methods when purchasing real estate is to take a housing loan from the bank. Banks applied for a home loan make evaluations about people who want to buy real estate according to some criteria: credit rating The ability of the person applying for the loan to pay the loan down payment Being between the ages of 18-70 Financial background In...

How to Get a Housing Loan? Owning a home is the dream of many. If you had this dream, but you do not have enough savings, you can realize your dreams by taking loans from banks. While banks used to respond to all loan requests in line with consumer loans, it has become much easier to get loans for those who want to buy a home with the housing loan (mortgage) system that came into effect in the past. You...

Which Houses Are in the Defective Category? Defective residences are properties that do not meet the specifications of the seller, do not fulfill the agreed technical specifications, and prevent the buyer from benefiting from the residence as required. Law No. 6506 on the Protection of the Consumer states that the seller is responsible for the defective goods and the buyer has some rights in this...

What is timeshare in Turkey property and how is it used? The apartments of a building suitable for use as a residence can be offered to different people at certain times of the year. This type of real estate that offers common ownership rights is called timeshare. It is a type of accommodation that is frequently preferred in summer or thermal holiday villages. How is Timeshare Used in Turkey...

What is Risky Building Detection, How to Apply? Buildings that are likely to collapse or be severely damaged are called risky structures. It is determined by the authorized institutions whether the building is a risky structure or not. This examination based on technical data is called risky structure detection. How to Apply for Risky Building Detection? According to Article 3 of the Law on the...

Who Owns the Previous Debt of the Purchased House? There are many issues that people who want to buy real estate should pay attention to before buying. For example, it is an important issue whether the house has debt or not. If a buyer doesn't research well beforehand, he or she may be liable for the home's past debts, such as taxes, bills, and dues, with the transfer of ownership. House-related debts;...

What is depreciation and how is it calculated? Depreciation is a French term meaning depreciation. It is used to express the aging share of real estates depending on time and use. Depreciation in real estate, on the other hand, indicates within how many years a real estate to be purchased will meet the sales price if it is rented. Why Is Depreciation Period Calculated? There are some factors that...