Turkey Property Buying Guide

What is a Property Declaration? The process of notifying the immovables owned by individuals and organizations to the relevant units of the municipalities is called the real estate declaration or real estate declaration. Real estate declarations, rent obtained on immovable properties, etc. Includes statements about earnings. Thus, the relevant units can calculate the property tax that individuals or...

The Most Commonly Used Real Estate Terms and Their Meanings There are many real estate terms used in the purchase, sale, rental and legal transactions of real estate. By learning the meanings of the most curious real estate terms, you can perform transactions related to your real estate without any question marks in your mind. What is a parcel? The piece of land that is divided and whose boundaries...

What are the Contracted and Non-Contracted Transactions in the Land Registry? Transactions carried out in the General Directorate of Land Registry and Cadastre are divided into two as contracted and non-contracted. According to the Land Registry Law No. 2644, the transactions in which the declaration of will, that is, the parties who want to carry out a transaction, are obliged to report it officially,...

What should be considered when buying a house from the project? People who want to buy real estate by paying installments in the long term can choose to buy a house from the project. However, seeing the house model and plan from the project may not give a clear idea as a completed construction. In this case, by paying attention to some issues, information can be obtained about the condition of the real...

What is the right of pre-emption in Turkey and who can use it? The right of pre-emption in Turkey is called the real estate in which more than one person owns a share. In joint ownership, a shareholder may want to sell all or part of his share in real estate. Other stakeholders have a priority right to purchase real estate to be sold. This permission of pre-emption, granted in the sale of joint real...

What is a Prefabricated House, How Is It Made? The type of building that does not require digging a foundation for its construction and all parts such as walls and windows are produced in the factory is called a prefabricated house. Prefabricated houses can be prepared as one or two floors according to the desired square meter and room layout. As in reinforced concrete structures, sound and heat...

What is the Market Value, How is it Calculated? The purchase and sale price of a real estate in the current market is called its fair value. In Article 266 of the Tax Procedure Law No. 213, “The current value is the normal trading value of an economic asset on the valuation day.” defined as. The current market value determined by the commissions appointed by the governorships indicates the lowest...

6 Points to Consider When Buying a Summer House The summer house is purchased for use only during a certain period of the year. Although it is not a year-round residence, it is necessary to pay attention to some issues in order not to have problems during the time spent in the summer house. Choosing an ideal summer house can be followed by these 6 steps: 1. Region Selection It will be useful for...

What is Fek Letter, How to Get It? If a house is purchased with a housing loan, the real estate is mortgaged by the bank until the loan expires. This practice is a precaution taken by the bank in case the borrower cannot pay his debt. The mortgage is removed when the person who buys real estate with credit pays all his debts to the bank. However, in order to remove the mortgage, the bank must first...

How to Make a Deed Inquiry? Deed inquiry is an important process in the real estate sector. Deed inquiries are made to learn detailed information about the property to be purchased. The information contained in the deed is both a reliable and valid source as it expresses official information about the property. There are two methods to look at the title deed records of the houses: Applying to the...