Saturday 31 May 2008

Buy A Property In Turkey - Things To Watch Out For

As we said in the previous post, it's not that difficult to buy a property in Turkey and right now it's one of the best places to choose. But of course there are things you have to be careful of.
  • First of all, check that it's actually legal for you to buy a property in Turkey. There's no problem if you're from the USA, the European Union or Russia. If you're from outside these countries, check that your country has a reciprocal agreement with Turkey.

  • Foreigners can't buy a property just anywhere in Turkey. It has to be within the boundaries of a municipal area, i.e. a town or village with a population of 2,000 or more. Also make sure it's not in a military zone.

  • There is legislation in Turkey covering purchase of property by foreigners (The Land Registry Act, Article 35). This covers property purchased for your own use but there are special regulations for property purchased for business or investment purposes connected to tourism. So if you intend to use your property for a holiday rental business, you should take legal advice.

  • Remember that Turkish is a very difficult language for speakers of English and other European languages to learn, as it belongs to a completely different language family. Also English is not widely spoken in Turkey, except by those who have been to bilingual schools. You do need a reliable translator and a bilingual legal adviser.

In the next post we will look at the actual process of purchasing the property. Because of the language situation, a good alternative to struggling on your own is to find a property company in your own country or on the Internet to help you find your property. If you find it through us at http://www.bizwrite.co.uk/realestate/propertyabroad.html we will support you at every stage and help you with all the difficult bits!

2 comments:

Norman Grant said...

Turkish is not widely spoken in Turkey?!

bizwrite said...

Just noticed that myself! Of course I meant English! Thanks