Starting from November 1, the Electronic Advertisement Verification System (EIDS) will be enforced for digital advertisements. This system, integrated into the e-Government platform, will significantly impact housing sales. To combat fake listings and maintain price stability, a new measure is being introduced in the real estate market. Beginning November 1, property owners intending to sell real estate...
If you want to live or invest through real estate in Turkey, it is extremely important that you know the required documents during the purchasing process and understand what they are required for. Here are the documents you need to have a title deed in our country and complete the purchase procedure: • Foreign Exchange Document A recent change obliges foreigners to use Turkish Lira when purchasing...
When renting a new home, one of the most common questions is how much deposit needs to be paid. It is within a landlord’s legal rights to request a deposit when renting out their property, but there are certain limits. The law outlines how much deposit landlords can charge. What is a Deposit? A deposit is a specific amount of money requested from the tenant at the start of a new lease agreement. It's...
Considering that the number of foreign nationals living in Turkey is increasing day by day, it is not surprising that banks start to give loans to foreigners if they meet the specified conditions. Opportunities offered to foreign investors in Turkey in line with economic moves enable them to turn to real estate in particular. Especially in Turkey, which offers very rich alternatives in luxury real...
Opening a local bank account in Turkey is now quite easy for foreigners who frequently visit or reside here for various reasons. What used to be a complex and difficult process has become extremely practical with the advancement of technology. At banks operating within the borders of the Republic of Turkey, anyone who completes the necessary documentation can open an account quickly. Through these...
What is the foreign exchange document that foreigners must provide along with other essential paperwork when engaging in real estate transactions, and how can it be obtained? For purposes such as citizenship or investment, foreigners must adhere to specific procedures when acquiring real estate in Turkey. This involves selling funds to the Central Bank via a bank operating within Turkey, converting...
Do you know who pays the title deed fee when planning to sell or buy a house? You are thinking of buying or selling a house… If you have any questions about the title deed transactions, read on to find out the details. In real estate purchase and sale transactions, title deed fee should be divided equally between the buyer and the seller, according to the law. However, if an agreement is reached,...
As a new owner, what can you do if there is a tenant already living in the house you bought? You may encounter unexpected problems when buying a house, like having a resident tenant. It can be really annoying if you want to live in the house you bought and if you are thinking of moving as soon as possible… When you buy a house, you are legally deemed to have accepted the agreement of the tenant...
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