Buying an apartment in Istanbul is one of the best decisions you can make. Istanbul is a prime global real estate destination, offering an ideal location, stunning natural beauty, rich cultural heritage, and robust infrastructure. However, to ensure a safe and smooth investment experience in this city without falling prey to scams, you need to choose the right real estate company based on knowledge of the essential legal criteria. These criteria help you make the right decision and ensure your experience is secure. It involves verifying the company’s official licenses, reviewing contracts, and ensuring transparency, reputation, and market expertise. These factors are the only guarantees for a safe apartment purchase. This detailed guide outlines the legal criteria for choosing the best company to buy an apartment in Istanbul, along with tips to avoid dealing with fraudulent companies.
What Is the Role of Real Estate Companies in Istanbul?
If you want to invest your money securely without losses, real estate investment is one of the best options, especially in Turkey, where property prices are rising significantly. Real estate companies serve as intermediaries between you and major construction companies responsible for building properties in Turkey. Their role is vital due to the rapid growth of the Turkish real estate market and the plethora of details and information about real estate investments that might be challenging to comprehend on your own. These companies utilize their expertise to guide you effectively.
A real estate company consists of consultants and agents with years of experience in the field, enabling them to shield you from numerous risks associated with poorly planned real estate investments. Reputable real estate companies possess extensive knowledge of all Istanbul areas, helping you find the property that suits your needs without falling victim to scams. They handle all the legal procedures and assist you throughout the property purchasing process.
One of the top real estate companies in Istanbul is Turckey, thanks to its extensive 14-year experience in real estate investment and marketing. With an official headquarters in Istanbul and a government-approved license, we assist you in finding the best property suited to your budget. We maintain strong relationships with major construction companies. If you’re looking to invest or live in Istanbul, contact us immediately on our free WhatsApp number 00905367779442 for a free instant consultation.
Why Is It Important to Work with a Real Estate Company in Istanbul?
If you don’t collaborate with a real estate company in Istanbul, you may spend several months searching for an apartment that meets your criteria. To save time and effort, it’s essential to deal with reputable real estate companies due to the following reasons:
- They guide you toward purchasing a property in a peaceful environment with access to all medical, educational, and entertainment services.
- They help you secure the property at a fair price without overpaying.
- They simplify all the legal processes that might be challenging for you, especially if you’re unfamiliar with the Turkish language.
- They save you time and effort in searching for a suitable property.
- They have connections with major construction companies, ensuring you get competitive prices and enticing offers.
- They assist you in setting up your home, connecting utilities, and adding interior decorations, leveraging their relationships with furniture stores and top designers.
- They offer free consultations, after-sales services, and full support from the moment you like a property until after the purchase is complete.
How to Choose the Best Real Estate Company in Istanbul?
You must choose the real estate company you work with very carefully to avoid falling victim to fraudulent companies. Follow these tips and steps to select the best company:
- Research companies with a strong reputation in Turkey’s real estate market. You can do this by searching online, asking previous investors, or reviewing company websites and customer testimonials.
- Browse the selected company’s website and social media pages to learn more about their achievements, projects, and experience.
- Directly contact the company’s customer service team to inquire about all your questions and benefit from their free consultations.
- Verify that the company is licensed and accredited, works with major construction firms, and has an official office in Istanbul. It’s best to visit their headquarters to get a closer look at their operations.
What Are the Legal Criteria for Choosing the Best Real Estate Company in Istanbul?
Given the large number of real estate companies in Turkey, it’s crucial to select a legally recognized company. Here are the legal criteria to consider when choosing a company:
- The company must hold all the necessary licenses to operate in the real estate sector in Istanbul, ensuring it is legally recognized under Turkish laws.
- Ensure the company is registered with Turkish authorities.
- Check the company’s history and reputation. A longer history in the real estate field indicates greater credibility.
- They should provide legally compliant contracts aligned with Turkish laws, detailing all terms and translating them into your native language.
- The company should offer guarantees on the apartment or property and insurances to protect you from potential risks.
- Prices must be transparent, with no unexpected additional fees.
- They should have extensive experience in the Turkish real estate market to ensure your needs are met.
- Their projects should comply with environmental standards, reflecting their commitment to society and sustainability.
- The company should collaborate with major construction firms, offering legally approved projects with all necessary permits and clearances.
- They should provide excellent customer service and continuous support before and after the sale.
What Are the Tasks Performed by Real Estate Companies?
The process of buying an apartment involves many steps that the real estate consultant, authorized by the company, handles. These tasks include:
- Communicating with you to understand the purpose of buying the apartment, your requirements, and your budget.
- Conducting extensive research to find a suitable apartment in a prime location.
- Presenting all available properties transparently, discussing the pros and cons of each property.
- Providing sufficient information about real estate investment laws.
- Organizing free visits and tours to inspect the apartments you like and providing a detailed explanation of each property during the visit.
- Negotiating with construction companies to secure the best possible price.
- Guiding you through all legal procedures and explaining the purpose of each step.
- Offering after-sales services, including property management, resale, or rental assistance, as well as helping you furnish the interior.
What Are the Drawbacks of Not Working with a Real Estate Company in Istanbul?
If you decide to search for the right apartment in Istanbul on your own, you’ll face many risks. Here are the main drawbacks of not working with a real estate company:
- You may fall victim to scams due to your lack of expertise in the Turkish real estate market and language barriers. You could end up dealing with individuals selling properties with debts, non-compliant specifications, or mortgages.
- You will spend a lot of time at government offices since purchasing an apartment in Istanbul requires completing numerous procedures across various offices.
- You won’t be able to verify the legal safety of the property on your own.
- You might not find a property that suits your needs because real estate companies have the expertise to identify properties suitable for investment or obtaining Turkish citizenship.
- Construction companies may delay delivery dates if you don’t have a reliable real estate intermediary like Turckey.
- You’ll purchase the property at the listed price, whereas real estate companies can help you negotiate a better deal.
What Are the Steps to Buy an Apartment or Property in Istanbul?
There are a few simple steps to follow when purchasing an apartment in Istanbul:
- Selecting the right apartment or property after exploring multiple options in different locations.
- Obtaining a tax identification number to carry out financial transactions in Turkey.
- Opening a bank account in one of Turkey’s banks, as payment for the property can only be made through bank transfers.
- Signing contracts, ensuring a professional reviews every clause of the agreement.
- Preparing a file of official documents and submitting it to the Turkish Land Registry Office to obtain the title deed (Tapu) or proof of ownership.
What Are the Required Documents for Property Title Deed Registration?
To obtain the property title deed, make sure to provide the following documents:
- A valid passport translated into Turkish and notarized.
- Property earthquake insurance certificate.
- Real estate valuation report.
- Tax identification number.
- Two personal photos of the buyer and one of the seller.
- Bank receipt confirming that the property price was transferred to the seller’s account.
- Another bank receipt proving the seller received the payment.
How to Avoid Dealing with Fake Real Estate Companies in Istanbul?
To avoid falling victim to fraudulent real estate companies, consider these tips:
- Ensure the company is licensed and certified, with an official website, a physical office, and available communication channels. They should also have a proven track record in the field.
- Avoid being attracted solely to ads that emphasize obtaining Turkish citizenship.
- Work with specialized real estate companies familiar with investment laws in Turkey. These companies should provide accurate property prices to prevent overpayment.
- Do not engage with companies advertising exclusively on social media platforms.
Why Choose Turckey Real Estate Investment Company in Istanbul?
During your search for real estate companies in Istanbul, you’ll find Turckey stands out for the following reasons:
- Turckey is a certified real estate investment and marketing company in Istanbul with over 14 years of experience offering diverse services to clients across the Arab world.
- We provide free consultations to help you find the right property, accompany you on site visits, verify the property’s legal status, and oversee all legal procedures.
- Our post-sale services include managing your property, reselling it, or renting it out at a high return if you don’t plan to live there.
- We offer a wide range of projects in various parts of Istanbul with competitive prices, ensuring solid infrastructure and essential amenities.
- We collaborate with reputable construction companies, ensuring no delays in delivery or risks of fraud.
- All the projects we provide guarantee eligibility for Turkish citizenship and a Turkish passport.
- Our team includes not only real estate consultants but also professional translators and lawyers to assist with contracts, explain laws, and resolve disputes.
Risks of Not Working with a Trusted Real Estate Company
Your dream of buying an apartment in Istanbul may face significant risks if you choose to search independently or work with the wrong company. This guide helps you select a trusted real estate company and avoid fraudulent ones. At Turckey, we provide comprehensive real estate services backed by years of expertise.
Frequently Asked Questions
How can I choose the right property for me?
Choose based on its location, proximity to services and transportation, and confirm its licensing and the surrounding community. Work with a trusted developer.
What licenses should a real estate company in Istanbul have?
The company should be registered with the Istanbul Chamber of Commerce, have a tax registration number, and a real estate business license.
Why is contract review essential when buying a property in Istanbul?
It ensures the terms and details of the purchase are transparent and compliant with Turkish laws, safeguarding your rights as a buyer.
What guarantees should a real estate company offer when buying a property?
Quality guarantees regarding construction, adherence to international standards, risk protection, and documented agreements.
What environmental standards should real estate companies in Istanbul follow?
Sustainable construction practices, including eco-friendly materials and methods to conserve energy and water.
