Turkey Property News is a real estate news and research website where foreigners can do their research on residential housing projects in Turkey and make decisions regarding buying real estate.
News on Turkish real estate will be published daily on the website. You can follow the recent developments from the Turkish real estate market from www.turkeypropertynews.com
On the site, you can get information about the housing projects and price information according to neighborhoods and regions. Ongoing and future projects will also be introduced in the website. You can find the necessary procedures regarding buying a home in Turkey. The website will also cover information on mortgage loan deals.
You can inquire about price and location and we will also publish your views and comments on Turkish real estate market.
Providing daily information to foreigners who wish to buy property in Turkey.
What to look for When Buying a House in Turkey?
Housing sector in Turkey is one of the most profitable markets in the world. Property investment is rapidly gaining value.Regardless of your purpose, be it investment or dwelling, you will see an increase of the property's value and a profit on your investment in five years.
Things to Consider When Buying a Home
Since choosing the right home is a very important decision, you have to consider a lot of things before you even start your search. You have to have a good idea as to what exactly is it that you want. Here are a few questions to guide you in buying a home:
Are you going to buy a new or an existing home?
Whether the house is new or an existing one, it has its advantages and disadvantages. Deciding on a new home or an existing one really boils down to your needs. If you want a home that “just works”, a new home can offer you security and comfort. You have to remember though, a new home will cost you more. An existing might also become expensive if you will consider upgrades and maintenance.
We advise you to choose new residential projects when acquiring property. There are more opportunities for social activities like children parks, cafes, shopping malls, sports facilities, parks, and swimming pools. Therefore buying first or second hand property from the new residential projects would be a wise choice.
Where is it located?
Istanbul is a big city divided by the Asian side and the European side. Each side is comprised of numerous regions and neighborhoods. When buying property you should look for regions that will continue to gain value in the future. Therefore you should get in contact with the municipalities and make inquiries concerning their investment prospects for the next five years. It is important for your future investment to be located near a shopping mall, and metro or metrobus routes. The house prices rise or fall according to their distance to the city center.
A thorough research should be conducted on the construction companies. Currently there are about 500 ongoing residential projects in Istanbul. Some companies have not been able to fulfill their promised completion dates. Therefore their past performances should be examined.
Watch out for intermediaries:
Due to foreigners' increasing interest on the Turkish real estate market, more and more individuals and companies are becoming intermediaries. Unfortunately some of them can mislead foreigners by directing them to projects where they can get higher commissions. So watch out for unauthorized intermediaries and do not totally rely on the information they will provide.
What to do if you face a difficulty when buying property in Turkey?
ARAPTÜRKGYD (Property Investors Association of Arab Countries and Turk States): If you have any concerns regarding property acquisition in Turkey, do not hesitate to submit your inquiries to our association. We have access to the complete list of the completed, ongoing and future projects available in Turkey. Our association is a non profit organization. If you face any difficulties or engage in any trouble, our association's attorneys will be ready to defend your rights and solve your problems.
Turkey Property News
Phone: +90 212 256 65 69
+90 212 256 80 06
Address: Aydede Cad. No: 4/3, Talimhane, Taksim, Istanbul,Turkey.