Are Real Estate Companies in Istanbul Scammers? And Which is the Best Company?
If you’re looking for incredible investment opportunities, you’ll find no better place than Istanbul. The city offers diverse investment options, whether you’re looking to purchase your dream home or safeguard your capital with a secure real estate investment. During your journey to search for properties in Istanbul, you’ll encounter numerous real estate companies, some trustworthy and others fraudulent. To distinguish between the two, you’ll need extensive expertise in this field. In a few simple points, we help you identify ways to differentiate between trustworthy and deceptive companies. We take pride in being one of the best companies specializing in Turkish real estate investment, with over 14 years of experience, a proven track record, and positive reviews from all who have worked with us.
Why Are Real Estate Companies Important in Istanbul?
Foreign and Arab investors are increasingly acquiring properties in Istanbul, a market that has flourished recently, especially with the incentives provided by the Turkish government to investors. To own a property, apartment, or commercial unit in Istanbul, you need to rely on a specialized real estate company that serves as both a broker and advisor, helping you find exactly what suits you.
Real estate companies save you time and effort, offering you the best deals from major construction firms. They also ensure you acquire legally compliant properties with no issues. One of the top real estate companies in Istanbul is Turky, a specialist in real estate investment and marketing with extensive experience in the field.
Our team of consultants assists you in finding the property that matches your budget while providing a comprehensive explanation of all aspects of real estate investment in Istanbul. We also clarify all the legal details and points you might overlook. Contact us now on our free WhatsApp number +90 537 779 9442 to get an instant free consultation.
Are Real Estate Companies in Istanbul Scammers?
The Turkish real estate market boasts an abundance of real estate companies, but not all are fraudulent. However, some companies exploit your lack of knowledge about real estate investment in Turkey and scam you in various ways. Fortunately, you don’t need to be an expert in this field. If you succeed in choosing a trustworthy and reliable real estate company like Turky, you won’t face fraud, will safeguard your funds, and will complete the best real estate deals as quickly as possible.
What Are the Most Common Real Estate Scams in Istanbul?
Real estate scams involve being deceived into buying a property at a value higher or lower than its actual worth or purchasing a property with forged documents. Below are some common real estate fraud methods you should be aware of to avoid them:
- Suspicious advertisements from companies and fake marketers without official licenses approved by the Turkish government.
- Forgery of documents and impersonation of the property owner to sell the property under false pretenses.
- Advertising properties and apartments below their actual value due to legal issues or offering other units at exaggerated prices.
- Claiming that the sold property meets the requirements for Turkish citizenship when, in reality, its value falls short of the required amount. Contact us directly to learn the latest updates regarding Turkish citizenship requirements.
- Offering off-plan properties under construction, which can be a suitable option for those with limited budgets. However, dealing with unreliable companies may result in numerous issues, such as delays in property delivery or legal complications in the documentation.
How to Avoid Real Estate Scams in Istanbul?
The price of purchasing a property in Istanbul can reach hundreds of thousands of dollars, making caution essential when finding the best real estate company in Turkey.
Being aware of common real estate scams enhances your knowledge and experience in the real estate market. By following these tips, you can avoid falling victim to fraudulent companies:
- Research the marketing company advertising the property, ensuring it is licensed and officially authorized.
- Work with trustworthy real estate companies offering pre-sale and post-sale services.
- Visit the actual headquarters of the real estate company in Istanbul, talk to real estate consultants, and ask all the questions you need answers to.
- Obtain a real estate appraisal report that provides an accurate evaluation of the property you intend to buy. Our office can assist you in obtaining this report quickly.
- Review the property’s purchase and ownership contracts. Since these contracts are written in Turkish, it’s advisable to have a specialist from our real estate office along with a lawyer to review the contract clauses.
- Inspect an actual model of under-construction properties and avoid paying the full amount upfront before taking possession.
How to Choose the Best Real Estate Company in Istanbul?
There are numerous real estate companies in Istanbul, but they vary in the type and quality of services they provide. To choose the best company to work with, you must ensure the selected company meets specific criteria, such as:
- The company’s long experience in the real estate field. At Turky, we boast over 14 years of extensive real estate experience.
- The size of the company, its achievements, and its past projects.
- Possession of professional practice licenses and registration with the Turkish government.
- The company’s reputation and reviews from previous clients, which indicate its credibility.
- A permanent headquarters for the company in Istanbul.
- Positive reviews and successful experiences of investors who have dealt with the company.
What Are the Most Important Services Provided by Real Estate Companies in Istanbul?
Real estate companies offer a wide range of services to their clients, including:
- Helping you find a property that suits your needs, whether for residential, investment, or commercial purposes.
- Providing you with all the necessary information about real estate investment in Istanbul, enhancing your awareness and knowledge in this field.
- Offering a variety of property options in different areas and at various prices to suit everyone.
- Providing post-sale services, including property management or assistance in renting or reselling your property for a significant profit.
- Completing all legal procedures as quickly as possible.
- Negotiating with major construction companies to secure the best possible price for you.
- Taking you on detailed tours to view properties and apartments in Istanbul, with real estate agents explaining the features of each property you visit.
What Could Happen If You Don’t Work With a Specialized Real Estate Company in Istanbul?
Whether it’s your first time investing in Istanbul or you’re already an experienced investor, working with a specialized real estate company like Turky is essential. Failing to do so can have many downsides, including:
- Inability to find a property that suits your needs. Real estate companies have extensive knowledge of the properties in Istanbul and work with major construction firms, giving you access to a wide range of options you wouldn’t easily find on your own.
- Risk of falling victim to real estate scams, losing your money, and wasting a lot of time trying to recover it.
- Paying more than the property’s actual value, unlike purchasing through a real estate company that can help you get exclusive offers thanks to its relationships with construction firms.
- Facing legal penalties due to insufficient knowledge of real estate investment laws in Turkey.
How to Buy the Best Property in Istanbul?
The journey to finding a property in Istanbul is filled with challenges, and planning well from the start is essential. Here are some tips to help you buy a property that meets your needs in Istanbul:
- Set a clear goal for purchasing the property. These goals usually include short-term or long-term investment, residential purposes, or acquiring Turkish citizenship.
- Understand the average property prices in Istanbul. Only a specialized real estate company like Turky can provide you with up-to-date price information.
- Define your budget and stick to it, considering factors that influence property prices, such as the property’s location, which increases its value if situated in the city center.
- Specify certain property features, such as its exterior design, interior furnishing, and number of rooms.
Who Is the Best Real Estate Company in Istanbul?
Turky is the best and most reliable real estate company in Istanbul due to our extensive experience in the field, a team of specialists in real estate investment and marketing, and our comprehensive knowledge of all investment laws and the latest updates. We stand out by offering:
- A wide range of pre-sale and post-sale services, as well as free consultations.
- Residential or commercial properties tailored to your needs and budget.
- Transparent and honest evaluations of the pros and cons of properties and the construction companies responsible for them.
- Guaranteed legally sound properties that meet the requirements for obtaining Turkish citizenship. We ensure the property’s legal compliance and review all permits.
- Translation of contracts and official documents, with a full explanation of all clauses.
- Competitive pricing, enabling you to secure properties below their market value thanks to our strong relationships with reputable construction companies in Istanbul.
- Step-by-step guidance throughout all legal procedures until you obtain the property deed.
- Post-purchase services, including property management and real estate marketing, allowing you to resell or rent your property through us to trusted individuals.
- Assistance in obtaining Turkish citizenship as quickly as possible.
- Connections with vendors and suppliers specializing in high-quality furniture and decorations in Turkey, helping you furnish and design your property according to your preferences.
You won’t need to put in any effort to find specialized real estate companies that help you find the right property for your needs. Turky saves you time and effort by offering all the features that make it the best company, with extensive real estate expertise, credibility, transparency, and a variety of suitable property options at different prices. We are committed to providing exceptional free services and guiding you step-by-step until you own your ideal property.
What Are the Most Common Questions Asked by Real Estate Investors?
Is Real Estate Investment Safe?
Real estate investment is one of the safest and best forms of investment as it preserves capital value, especially during global economic fluctuations.
Why Invest in Real Estate in Turkey?
Turkey’s economy is the second strongest in Europe, and property prices continue to rise, enhancing the chances of achieving significant returns over time. Additionally, the Turkish government provides incentives for foreign investors. Properties in Turkey feature strong infrastructure, diverse real estate options, advanced education and healthcare systems, and top-tier transportation networks.
How Can I Verify a Real Estate Company’s Reliability?
Ensure the company is registered with the Istanbul Chamber of Commerce, check their official website, or visit their physical office. You can also contact their customer service team directly.
Is It Better to Buy Property Directly or Through a Real Estate Company in Istanbul?
It’s better to rely on a real estate company to avoid legal and financial issues, especially if you’re investing in Turkey for the first time.
