Suho Property
Surely you can! But not every bank in Turkey give mortgage to non-Turkish citizens, few of the major banks have well implemented systems and attractive rates for all foreigner property buyers.
Please send us an email for more information about rates and documents needed for a mortgage.
Property prices are usually in Turkish Lira and/or Euros and/or US Dollars. While the Turkish Lira is widely accepted as the basis for all prices, most Sellers are flexible to accept in the currency of origin of the Buyer.
Once the terms and conditions for the purchase agreed, most sellers will usually provide you with bank details and IBAN number matching the currency agreed on. All and all, money transfer is easy and safe, so you don’t have to worry about it.
Do you have to be worry before buying a property in Turkey? The answer is NO, of course if you have done your homework like you should do, and get help from professionals.
So what means "doing your homework" and "get help fom professionals".
Doing your homework means that you should first know what to ask when visiting a property, so let’s check few important details for you.
There are 2 types of property in Turkey to purchase:
- Off plan and/or under construction
- Completed properties
These are the questions you should ask:
For off plan and/or under construction projects
Does the project have a construction license?
No construction license, no right to construct, this is simple as that. Few developers sometimes choose to start to build before they get a building license, usually in order to win some time, however we, as Suho Property, never take our Clients to such Companies for basic safety concerns.
You can ask the developer to show you a copy of the Construction License, which they usually are happy to share with you.
Buying off plan and/or under construction means that you are ready to wait for a certain time (sometimes year) before getting your property. You have to make sure that property will be delivered on time and as promised by the Construction Company, and get a compensation if and when things go wrong.
While this question may seem obvious, surprisingly many new homebuyers omit to ask it. A site without a proper management is literally a nightmare waiting right at the corner. While some properties look beautiful on the inside, a complex poorly managed (even sometimes not managed) will quickly become a problem, so it’s always good to know who manages the complex, what are the fees, and what are included in it.
A last note about the management fee:always make sure that you will only be responsible for paying management fees starting from day you take delivery of your apartment, and not be responsible for previous periods.
Our suggestion:If the complex hasn’t got a proper management established, please think about it twice.
While it may seem surprising as a question, even some new properties, which have never been used before, may come with utility debts, coming directly from debts owned by the developer used during the construction. Always make sure to ask to write on the sales contract that you will not be responsible for debts prior to taking delivery of the property.
Do NOT worry, We help you to avoide properties that aren't 100% legal so you can rest assured.