mytapu.com - Articles #The Guide to Buying Property in Turkeymytapu.com - Articles #The Guide to Buying Property in Turkeyhttps://www.mytapu.com/blogs/tag/the-guide-to-buying-property-in-turkeyMon, 20 Apr 2026 00:12:11 -0700http://zoho.com/sites/<![CDATA[At Which Step of the Property Purchasing Procedure is it Most Beneficial to check for the Most Commonly Occurring Risks ?]]>https://www.mytapu.com/blogs/post/at-which-step-of-the-property-purchasing-procedure-is-it-most-beneficial-to-check-for-the-most-commo… Secrets of Success: The Four Stages for Buyers Investing in Residential Real Estate Property in Turkey: Keys steps within Stage 2 of the Property Finding Procedure…]]>

… Secrets of Success: The Four Stages for Buyers Investing in Residential Real Estate Property in Turkey:  Keys steps within Stage 2 of the Property Finding Procedure…


Investors choosing the Property Finder service have the added advantage and benefit of integrated procedures for checking if the most commonly occurring risks are present on a property in the most effective manner....


  • Checking if the most commonly occurring cadastral risks are present on a property, is best done during the Property Finding procedure, before any discussion of viewing appointments, contracts, reservations deposits, advance payments, etc
  • Checking if the sales price of the property is at fair market value, or instead has been inflated by a mark-up, is also best done during the Property Finding procedure, before any discussion of viewing appointments, contracts, reservations deposits, advance payments, etc

                                

Otherwise, if a buyer doesn’t perform these checks for the most commonly occurring risks,  the seller or his agent will use all available means, to mislead the buyer into committing to the purchase, with one tactic or another, including real, imaginary, fictitious, and/or psychological .

                                

Before paying for and instructing anything for the property, it is advisable to first check IF the most commonly occurring cadastral risks do exist with a property, and if the second most commonly occurring price risk exists (artificial price mark-ups), because if risks are unacceptable, there is no point paying for anything because such costs are un-recoverable, without unexpected, additional legal costs of litigation.

The Four Stages for Buying Property in Turkiye

Solutions: Preliminary Due Diligence PLUS+ Short Form Price Reports..

The most commonly occurring cadastral risks can be identified and checked in advance with Preliminary Due Diligence service (read more here)....

        

The  ever-present risk of artificial price mark-ups, can be identified and checked with the Short Form Price Indication report.

        

So the sequence of steps beginning in the Property Finding (Stage 2), are:

a)        Preliminary Due Diligence first, and if no risk, then:

b)         Short Form Price Checks next… 

        

…followed by viewing appointments, negotiations, contracts (if desired,  but not essential IF local procedural alternatives that are better, are applied instead)  and Appraisal Reports at the end as part of Completion and Conveyance Procedures.) .

        

Yes, it is sensible to complete the Short Form Price Check report immediately after the Preliminary Due Diligence risks have been assessed. 


Over paying on the purchase price by 10% - 50% is the second most common risk international buyers encounter.



One Key Insight into the Secrets of Successful Real Estate & Residential Property Investing in Turkiye… 


...and Why our Customers are so Happy with our Services…!

Especially Relevant when Considering the Alternatives... ! Relying on free information on the internet can be misleading.. often it is worth less than was paid for it... Nothing !  ... worse...damaging !

Independent Professional Advice has value and is usually not freely available...

Where to Find Information … ?

…the highest ranked internet search entries (those that a searcher sees at the top of the first page) contain factually incorrect and inaccurate information.

Why do Internet Searches result in Misleading Information …?

… because the results rely on huge volumes of free and inaccurate information, without the qualified knowledge, nor years of practical experience, of a bonafide expert .

How does the False Information Arrive on the internet…?

… Agents’ Practices, Social Media, Blog References & Discussion Boards, Information Created by Artificial Intelligence (AI)…

How do Internet Search Engine AI Algos Learn which Information is Correct…?

 …they do not and can not… they rely on authors to provide gradually more accurate and correct information to protect and enhance their brand reputation………

Why Does Factually Incorrect and Inaccurate Dominate Search … ?

….because the AI algos are very good at structuring the presentation of huge volumes of  information (usually freely available and often misleading)…but have no access to professional advice which is not freely provided on the internet…

Where to Find Factually Correct and Accurate Information … ?

        … a more trusted source- word of mouth referrals from off-line communities….

Independent Professional Advice…        

When the world’s largest, smartest, and best performing investors want advice, where do they find it? …do they rely on agents without specific degrees, reputable experience, or professional licenses… ?

Additional Reading:


Customer Reviews and References for MyTapu 


Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey


 Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…
















Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...

 

Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

 

#mytapu #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu  #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property #Sell #Property-for-Sale-by-Owner-in-Turkey #Turkey #Property #Sale #online #on-line #portals 
]]>Mon, 18 Dec 2023 15:23:09 +0300<![CDATA[How to Buy Property in Turkey for a Bargain...]]>https://www.mytapu.com/blogs/post/How-to-Buy-Property-in-Turkey-for-a-BargainWhy an investor should never follow an agent's guidance, and instead use these four steps for buying a bargain in Turkey...]]>
How to Buy Property in Turkey for a Bargain

For bargain hunters, now is a very good time to buy property in Istanbul and Turkey. Many bargain buyers make the mistake of thinking the bargains are ‘there for the taking’. Deceptive agents will tell buyers that low Turkish Lira exchange rates mean that property prices are low. This is just a sales trick, because Turkish sellers also know what their property is worth in US Dollar and Euro, of course, because Turkish sellers have always valued their property in USD since the early 1990’s.


For a buyer that is investing in property in Turkey for citizenship purposes, it is essential that the steps below are followed. Otherwise, the investor may discover the property purchase price of  $400,000 has an appraised value of several thousand less, and does not qualify sufficiently for citizenship application purposes.


Buying a bargain is not the same as the usual way of buying. First, a buyer rarely, if ever, (NEVER ! ) finds a bargain by contacting the website of a real estate agent, or developer.  Second, the buying procedure recommended by agents and developer is described in a way that is for their advantage, and that procedure never benefits a buyer, especially if a buyer wants to buy at bargain prices. And be warned, the procedure recommended by agents and developers most often omits the most important step: assessing the risks related to permits, title, and payment: the ‘due diligence’. The worst part of following agents and developers advice, is that usually they recommend paying a ‘reservation deposit’. A bargain buyer MUST avoid an agent or developer that tries this ploy: it is just a trick; read more about reservation deposits here. A buyer that pays a ‘reservation deposit’ is never in a position to negotiate the best price.


This is a list of the key stages in the process of ‘buying a bargain’:

  1. Advance Preparation 
  2. Finding the Property
  3. Due Diligence
  4. Conveyance and Completion

Now let’s look at each of these stages briefly, focusing on the most important points.


1) Advance Preparation

The first step buyers take to find a bargain priced property is to search an agent’s website. This is also the first, and biggest, mistake. In a rush to avoid ‘losing’ a bargain that looks cheap, the agent requests a ‘reservation deposit’. Paying a reservation deposit is the second mistake buyers make, and why so many foreigners become ‘locked in’ to a transaction at prices much above market value, for properties that are often defective.


Buying successfully at bargain prices requires 100% avoidance of everything in the paragraph above. Instead, the first step, is the ‘Advance Preparation’, that enables the foreigner to buy in the same way as a local Turk. There is no alternative. Buying a bargain means negotiating the best price and IMMEDIATELY closing the deal with payment and completion. Sellers do not wait around for foreign buyers to get their paperwork in order- that can take weeks. Searching for property and negotiating a bargain price is a complete waste of time, unless the buyer has completed the advance preparations necessary to ‘put cash on the table’ and thus immediately complete the transfer of title from the seller.  And this is the ONLY way to take advantage of foreign exchange $/TL currency fluctuations of 10% or more in a week. It is no good waiting for the fluctuations, and then trying to purchase, if the paperwork is not ready.  Advance preparations is the first step in the Investor's Tool-Kit, and takes 3-6 weeks typically, and include such matters as local registrations, local bank account preparations, authorisations, etc


2) Finding the Property

Searching the internet for a property for sale in Turkey is the least likely method of finding a bargain to buy, and also the most risky. The top five pages (and more) on internet search engines are occupied by real estate agents and developers’ sales agents. They ‘see you coming’, and are waiting for you, with their ‘games’ and tricks. The result? More than 85% of foreigners have paid prices 25% or more above the fair market value, or have purchased defective properties.


Fortunately there are many better channels to find bargain properties at discounted prices, but if a buyer does not speak Turkish, these will remain undiscovered. These channels include ‘for sale by owner’, bank repossessions, auction, internal databases, and private networks. SEE BELOW.  Generally these channels require Turkish language skills. There are more than a million properties on the market in Turkey, and ample supply to serve two years of buyers’ demand. Wise buyers looking for bargains will take advantage of these circumstances, by sourcing property from these channels, with an experienced and professional Property Finder.


A good ‘Property Finder’ should be capable of searching these sources for properties meeting a buyer’s specifications, but if that is all they do, they are only doing half the job. A professional Property Finder or Sourcing Agent should also be capable of completing ALL aspects of ‘’due diligence’ on the property.


3) Due Diligence

Is the person selling the property the owner? Is the property being bought, the same property that was seen?  Does the property have the correct permits? Is the contract legally structured and executed, or a defective contract (most agents’ contracts are) which will just cost the buyer more in legal expenses, if they try and enforce it? Is the building constructed in accordance with regulations, or will it be subject to a demolition order? These are a few of the questions answered by Due Diligence. The buyer should never rely upon the seller or his agent for the answers. For ‘due diligence’, independent advice, from an experienced professional, is essential.


Is the property being sold at a fair price? To solve the chronic problem of agents selling property to foreigners at excessively high prices, new regulations now make it a requirement that a foreign buyer must be given an ‘appraisal report’ (an ‘eksper rapor’). These reports show the market price of the property. Agents and developers will still try and convince buyers that these valuation reports under-value property prices by 10% to 20%, but this is simply another misleading tactic to hide the agents’ hidden price mark-ups, and hidden commissions.


4) Conveyance of Title and Completion

Transferring the title from the seller to the buyer involves numerous small tasks and documentation, mostly related to payment of taxes and governmental fees. With the guidance of a professional adviser, and supported by a translator, a foreign buyer can usually manage the conveyance of title at the land registry in person themselves.


The simplest and most cost effective technique for the conveyance is the procedure used by local Turks. The transfer of ownership and the payment are both made together, simultaneously. To reduce risk, steps are prepared in advance for the payment documentation. Sometimes a purchase may have contentious aspects, for example, when the buyer has agreed a discounted price with the seller, but is suspicious that the seller may try ‘last minute tricks’ to get a higher price. In such cases it is advisable to have a professional adviser present.


For Citizenship Investors, the final step of the property purchase, the Conveyance & Completion, is the first step of the Citizenship Application procedure, and it is essential to have these coordinated with your application agent: the Team at mytapu.com provide the integrated services for both property purchase and citizenship application. 


 

Buying a bargain isn’t as easy as buying from an agent or a developer, but why throw money away? When the price savings can range from %5 to 20%, amounting to $5,000 to $50,000, it’s the only way a sensible person would buy. Ask the Team at mytapu.com.  They are ready to help at any step of the procedure.

 

Additional Reading for Investors:


Customer Reviews and References for MyTapu 

Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey



Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…


All Articles


 

Keep informed about property matters in Turkey, with articles like this one… sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...


Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 







#mytapu #buy #property #Turkiye #Turkey #Citizenship $real-estate #Investment #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


How to Buy Central Istanbul Rental Properties at Discounted Bargain Prices

OFF-MARKET:

Central Istanbul Rental Properties 

Discounted Bargain Purchase Prices....

AAA Multi-Year Rental Contracts in place...

Cihangir, Taksim, Beyoglu...

Esentepe, Mecidiyekoy, Sisli...

Read more about these select and limited Off Market Rental Property Bargains here....


]]>Wed, 15 Nov 2023 23:45:00 +0300<![CDATA[How Does a Property Buyer in Turkey Make the Best Possible Investment in Residental Real Estate...?]]>https://www.mytapu.com/blogs/post/How-Does-a-Property-Buyer-in-Turkey-Make-the-Best-Possible-Investment-in-Residental-Real-EstateProperty investors in Turkiye use professional services to ensure the best possible choices are made... Locations, Asset Formats, Rental Rates, Pricing, searching off-market bargain deals, seasonal factors, and market intelligence.... MyTapu has the answer...]]>
Professional Services Ensure Professional Investment Results... for Residential Real Estate in Turkey
Professional Services Ensure Professional Investment Results... for Residential Real Estate in Turkey

The process used by the mytapu.coms ‘Standard Service’ ensures the best possible properties are selected for professional foreign investors in several ways.

 

Step 2 of mytapu.com’s ‘Standard Service’ is the Property Search and Selection Service, applying the following procedures:


a)  Location Assessment to meet the investor’s financial objectives: rental yield, capital protection, and capital returns. Investors may choose to augment this with a relocation assessment to receive guidance for meeting life-style and life-cycle priorities.


b)  Top Five Asset Profiles: Selection of appropriate rental income, capital risk and reward parameters suitable for each investor’s specific objectives are recommended after consultation fact finding to define an investor’s risk tolerance. The top five performing market selections are identified by research and market intelligence, as described below.


c)  Rental Rate Survey: In a specific Asset Profiles location, format, etc, a survey of present day-to-day property rental rates is used to produce a report showing all properties for rent in that location, format, etc. This report identifies the high, low, and mid bands of rental rates, capital values etc This is the total supply of property for rent on the market at that time, for this Asset Profile, in that location and format etc


d)  Property for Sale Survey:  In a specific Asset Profiles location, format, etc, a survey of present day-to-day properties for sale on the market is used to produce a report showing all properties for sale in that location, format, etc. This report identifies the high, low, and mid bands of prices of ALL properties for sale on the market. This is the total supply of property for sale on the market at that time, for this Asset Profile, in that location and format etc this is professional market intelligence in the form of a Short Form Price Indication Report.

 

e)  Off Market Networks: Upcoming properties that are not yet for sale but expected to be placed on the market for sale during upcoming weeks are identified through mytapu.com’s private networks. The private networks include bank repossessions, other debt workout foreclosure distress sales, property auctions, corporate networks and mytapu’s network of more than 3,000 investors that have been advised previously on their property purchases by mytapu.com’s advisors.

 

f)  Seasonal Factors: The two best times of every year to buy property in Turkey are those two times when the sellers are most eager to sell and most willing to accept discounted prices. The Property Search & Selection Service provides buyers with guidance on how to plan in advance to take advantage of these times, and the negotiating tactics to apply, in order to invest at the best prices and thus achieve the best rental yields.

 

The market intelligence described above provides the investor a comprehensive view of both a) properties on the market for rent and the rental income rate, and b) properties on the market for sale, and the listing prices. This is the total supply available on the public market for both rent and for sale.

 

With the information above, the investor may compare the investment merits of different properties to any other property offered anywhere else in Turkey, and make comparative analysis of the relative merits of different locations, Asset Profiles, formats etc. That work has already been done by mytapu.com’s Investment Research Team, and the results are summarised and ranked in the top 5 Asset Profiles recommended.

 

This procedure ensures the best possible results possible.

 

Step 3 of mytapu.com’s ‘Standard Service’ is the Negotiation and Due Diligence Service, ensuring quality control, by applying the in-depth risk assessment practices to the property purchase transaction. This includes examination of the key aspects of the investment: legalities, and contracts (purchase and rental); counterparties, third parties, and all aspects of the property: planning, zoning, construction, and utilisation permits; infrastructure and local urban plans; cadastral and mapping; title search; liens, mortgages, court judgement enforcement attachments and other encumbrances; structural and fabric appraisal, etc; and transaction procedures, completion, and settlement.

 

In other words, the quality control is applied to not just the important aspects of the property asset itself, but also to the key aspects of the investment transaction.

 

All of the above ensure the investor is achieving the best capital utilisation and yield for their investment. The investor may check the data for themselves and compare. These practices comply with mytapu.com’s policies of Full Disclosure and Transparency, empowering investors with the ability to make fully informed decisions.

 

In this way mytapu.com’s ‘Standard Service’ provides foreign real estate investors in Turkey with the same high professional standards of investment management that institutional fund mangers demand when making investments in the residential real estate in Turkey.

 

Most importantly, this professional standard of service, and the services themselves, are not offered by any other firm in Turkey for private client, individual, non-institutional investors. With more than 30 years experience of the residential real estate market in Turkey, and access to the latest technology for taking advantage of the increasingly digitalized Turkish real estate market, the Transaction Managers at mytapu.com are positioned to provide the best available service for maximising real estate investment returns in Turkey.

 

This is why they say, the mytapu way, is a better way of buying property in Turkey!



Learn more by email to info@mytapu.com with the subject line

 'CBI Financial Assets' and  include a WhatsApp or Viber number to receive a complimentary call back…


Advising and Transacting more than $5 billion in Investments in Turkey for more than 3,000 International Investors

since 1989...



#CBI #CIP #Turkey #Citizenship #Residential #Real-Estate #Property #Istanbul #passport #rental #yield #capital #risk #investment  #citizenshipbyinvestment

Additional Reading for Investors:


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey



 Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…





Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!


All Articles


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter by email...

Inquire today to learn more by email to info@mytapu.com with the subject line

 'CBI Financial Assets' and  include a WhatsApp or Viber number to receive a complimentary call back…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!


]]>Thu, 02 Nov 2023 09:00:00 +0300<![CDATA[The Guide to Buying a Property in Turkey]]>https://www.mytapu.com/blogs/post/The-Guide-to-Buying-Property-in-TurkeyBuying the way local Turks buy will save in investor more and protect the investment better than following an agent's advice to buy with the procedure they want and using a local attorney...]]>
The Guide to Buying Property in Turkey:
The Guide to Buying Property in Turkey

The List of Steps to Buying Property in Turkey 'the Local Way'... the 'MyTapu Way'...

Step 1: Advance Preparation

Step 2: Finding a Property

Step 3: Negotiating the Purchase: Due Diligence

Step 4: Conveyance of Title, Completion Payment & Discounts


A Comparison of Buying Procedures: The Agents Way vs The Local Way


Agents require:

Paying a Reservation Deposit or Part Payment- to ‘Lock-in the Buyer ’ …

Before Due Diligence, Legal Checks, Discounts, and Negotiating 'real' discounts…


And Beware...the Lawyers referred by Agents or Developers have typically often agreed to share this hidden profit with the agents and are NOT protecting the Buyer...


This is the way so many foreign buyers have come to own Turkish property that is legally defective without permits, and paid 20% - 30% over market prices...

Local Turks do NOT buy property this way and neither should YOU...!


Buy Like a Local…. A Safer, Smarter, Better Way… the mytapu way

A ‘reservation deposit’ doesn’t reserve anything…under Turkish Law a seller can not be forced to sell a property to a buyer, even with a contract ! 

The 'reservation deposit' is simply a misleading ruse for an Agent to obtain a partial commission in advance... and will cost the buyer time and legal fees to have it returned...

A real discount of 5% discount off a price which has been marked-up in advance by 20% is not a 'real' discount... as the appraisal valuation report will prove...

‘Buying Like a Local’ means no reservation deposit, no price mark-up, no agent’s commission!

Buying a property is a substantial investment –making sensible precautions to protect that investment at the beginning of the buying process, is the smartest step to ensuring trouble-free outcome, at the end. 

The Guide...'Buy Like a Local'... How to Find and Invest in Property in Turkey a Safer, Smarter, Better Way...
The Guide...'Buy Like a Local'... How to Find and Invest in Property in Turkey a Safer, Smarter, Better Way...

The Guide...'Buy Like a Local' ... The Safer, Smarter, Better Way to Find and Invest in Property in Turkey


Ten pages of expertise resulting from 30+ years investing in Turkey...

Yours Free...!

Get the Guide Today...

Email info@mytapu.com requesting 'Please send The Guide...'Buy Like a Local'...

Add your WhatsApp number for a Free callback....

Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


The Guide to Buying Property in Turkey

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey



Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…







Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...


Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!




#mytapu #buy #property #Turkiye #Turkey #Legal #advice #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


]]>Fri, 27 Oct 2023 13:54:00 +0300<![CDATA[Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…]]>https://www.mytapu.com/blogs/post/Why-Istanbul-Lifestyle-Allure-for-Real-Estate-InvestorsA closer look into the lifestyle attractions, and the investment merits, provide some clarity as to why Istanbul retains its allure through all market conditions, and all ages…]]>
Istanbul Lifestyle Investment for Citizenship Investors

Istanbul is an amazing, beautiful, exciting, and safe place to live. And for those reasons Istanbul is a natural choice for real estate investors.


Unfortunately recent times have not been easy: a declining currency, weakening economy, downward trending property prices, and more than a million properties overhanging the market on sale, certainly make this a buyers market. And now with global interest rates rising, and real estate property prices around the world falling, investors understandably are cautious.

 

With the new citizenship investment threshold for real estate investment in Turkey increased to $ 400,000, the buyers continue to come. So what is it about Istanbul, that continues to attract investors from all over the world?

 

A closer look into the lifestyle attractions, and the investment merits, provide some clarity as to why Istanbul retains its allure through all market conditions, and all ages…

 

The links below provide more information on how a Property Finder helps to avoid the risks of buying property in Turkey....


At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 


Suggested Reading:

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Due Diligence

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey
All Articles

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...


]]>Sat, 12 Aug 2023 01:27:00 +0300<![CDATA[Obtain a 2nd Passport: No Travel, No Tax, No Residency Requirements]]>https://www.mytapu.com/blogs/post/Obtain-a-2nd-Passport-No-Travel-No-Tax-No-Residency-RequiremenUpdate on Citizenship application program requirements regarding physical presence ...]]>

Citizenship Investment in Turkey...


Obtain a Turkish Passport and all rights of a Turkish Citizen...without travelling from home was fortunately available during the pandemic...  as of January 2024 an applicants' presence is required in Turkiye for finger print registration,. Check with your advisor on how this may be done in your home country. Receive passports (head of family and all dependents under age 18) within 90 days for an investment in real estate, and much sooner for an investment in bank deposits, Treasury Bonds, and/or investment funds.

No residency requirement, and no taxation on world wide income for non-residents.  

The choice of investments include bank deposits, government bonds, stock exchange listed  investment funds, real estate, and operational businesses.  The holding period is three years, and the asset allocation and investment selection may be switched within that time period.

The difference between the minimum investment requirement for real estate in comparison with bank deposits, funds, and bonds has now been reduced to USD $ 100,000 and these offer better returns, liquidity, and less risk...


The professional investment advisers at mytapu have been guiding foreign investors in Turkey for more than 30 years. Our expertise is second to none, covering all regulatory, banking, legal, cadastral, appraisal, insurance, and financing requirements. Having served more than 3,000 investors on transactions totaling more than $5 billion, we welcome the opportunity to serve you, too. Contact us today at info@mytapu.com.

Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


The Guide to Buying Property in Turkey

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey



Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…







Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter...


Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!






#mytapu #buy #property #Turkiye #Turkey #Citizenship #Investment #TRUST #testimonials #complaints #REFERENCES #scam #legit #reviews #checks #profile #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my


]]>Sat, 12 Aug 2023 01:27:00 +0300<![CDATA[Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI/ CIP)]]>https://www.mytapu.com/blogs/post/Second-Passports-Wealth-Economics-Turkeys-Citizenship-Investment-Program-CBI-CIPInvestment comparisons of asset performance for Turkey's Citizenshp Investment Program and Precautions for Property Valuations in Turkey]]>
Turkey Citizenship by Investment CIP CBI- Professional Services for real Estate Investors and for Non-Real Estate Investors in Financial Products: Bank Deposits, Government Bonds, Venture Capital Funds...

Demand for second passports continues to increase in the changing world we live in. Turkey’s Citizenship by Investment Program ( CBI / CIP ) offers a very attractive solution.... This is the best available program for obtaining a second passport, and from a reputable OECD nation. The investment threshold is set just above the levels required by several Caribbean nations, at $400,000 for real estate, and $500,000 for financial assets (government bonds, bank deposits, venture capital funds, REITs). 

Advantages of Turkey's Citizenship by Investment CIP CBI - Professional Services for Real Estate Investors and for Non-Real Estate Investors in Financial Products: Bank Deposits, Government Bonds, Venture Capital Funds...
Turkey CBI CIP : Maximum Advantage and Multiple Benefits

Turkey’s  CBI / CIP program has clear advantages: 

  • Full rights of a Turkish citizen to public health care, education, and pensions; 
  • No requirement to speak the language; 
  • No requirement to spend any time in the country;
  • No financial disclosure requirements;
  • No taxation on world wide income for a Citizen that does not reside in Turkey for more than 6 months in a 12 month period;
  • Advantaged Residency Pathways to UK and USA;
  • Cheap Convenient International Air Travel Hub; Visa Free Travel to 140 Countries.


Application & Approval Risks are Low, or Zero: 

The eligibility criteria and application procedures are designed so that there is no practical risk of rejection or application failure. The exception may be in the case of the applicant having a past criminal record.

Application and qualification risks for Turkey’s CIP / CBI Program are minimal or none, but the economic risks related to the capital investment required, will require careful consideration.

Investors Recognize Risks & Reality

At first glance investors may have questions about the investment risks. Recognizing the risks and dealing with these realities is the first step to preserving capital wealth…. In this article we look more closely at how to manage and minimize these risks, and protect capital. Wealth preservation requires a realistic ‘eyes-wide-open’ approach…. Pretending the risks do not exist is insulting the intelligence of anyone wise enough to have earned the money to afford the investment. 

Turkey Caught in the Middle of a Changing World

The existence of the risks is due to the fact that Turkey is in the middle of a changing world all around, and caught up in the full spectrum of risks: geo-political , macro-economic, exchange rate, and more....
Down Trends: Newly-Built Residential Real Estate Forward Valuations and Turkish Lira / US Dollar Exchange Rates
Down Trends: Newly-Built Residential Real Estate Forward Valuations and Turkish Lira / US Dollar Exchange Rates

Real Estate has Proven a Poor Investment

Turkish asset values have been suffering as a result. Declines in property values, and declines in the Turkish Lira exchange rate, have combined to result in significant capital loss over the three years since 2017. This is clear in real estate valuations… 
Over-Supply is s key contributing reason....

Real Estate is the Most Costly Choice

In addition, the investment execution risks in real estate are very high, as much as 20%, and hidden. A large proportion of these risks arise from advisors, agents, and participating attorneys they work with, adding hidden commissions and price mark-ups to the real estate assets investors’ purchase.... 
This translates into an immediate capital loss.

For this reason an investment in residential real estate is not the best choice. The capital investment requirement of $250,000 is lower than the alternatives, but the actual cost of investing is much higher. And the cost of holding the investment is higher because real estate requires maintenance, and generating rental income, residential or commercial,  incurs additional ongoing  management expenses …. So buying residential real estate is only sensible for an investor that plans to buy a property in Turkey to use for personal purposes now or sometime in the future. 

Not Just Turkey- Risks Increasing World Wide

From a broader international perspective, it is not only Turkey where the investment environment has more risks than 10 years ago, because the same increases in risk are happening everywhere internationally, and no where is safe. 

For example, a cash deposit in a bank anywhere in the world is no longer the reliable ‘risk free’ solution of just a few years ago. The reasons are two. The first, is that the purchasing power of cash is declining central banks have created more new money in the three months after the health pandemic in early 2020, than created in the years following the financial crisis of 2008. The result is that cash buys less. The second reason, now established by the EU after the Cyprus credit crisis, is that bank deposits are no longer 100% guaranteed in case of bank failure. Instead, depositors may lose a portion of their cash because their claim rights have been placed second behind other bank stakeholders. These risks now require investors’ attention everywhere in the world, not just in Turkey.

First Priority: Wealth Preservation 

Protecting capital and preserving wealth requires focus on managing risks.  This may be an unfashionable concept, because salesmen know they earn more by promoting profit potential…. Investors know risk management comes first, because without it, the profit potential will never come to be.

Manage Risks and Protect Capital

Risk Management is a specialist discipline and requires a formal approach that is different than investment management. Requiring principles embedded in the oversight of policies, practices and procedures applied for protection of investors’ capital wealth. 

Protecting capital wealth can only be done with professional guidance. Undertaken on a Wakalah basis, the formal approach applied by the Advisors at mytapu.com includes a broad and deep understanding of the Turkish circumstance of the last 40 years, within the greater historical, economic, geopolitical, and cultural context.
 
A formal approach works successfully because it is based on continuous analysis, assessment, diligence, & preparation, with economic forecasting to avoid losses and capture gains. 

The structure should be determined by using standard risk management principles including diversification, and full due diligence applicable to the specific situations in Turkey. Using a defensive structure and defensive asset mix is the key. Continuous vigilance and monitoring contributes to near complete 360% risk protection….

Minimising the risks related to the capital investment in Turkey can thus be managed to achieve a solution that is similar to investing anywhere in the world. 

Financial Assets are the Least Costly Choice for Turkey’s CBI / CIP

Another great advantage of  Turkey’s CBI / CIP Program is the choice of assets an investor may choose and select. The alternatives include a direct investment in business, or creation of 50 jobs.  For risk management, the better choice for a CBI / CIP Turkey investment is the range of financial assets: bank deposits, government bonds, and venture capital funds. (REITs may be included provided investors understand the macroeconomic correlations and risks related to the expense mechanics implicit in the structure.) 

Choosing to allocate capital to financial assets has many advantages for risk management, capital protection, and investment performance returns. Including more cost efficient implementation, greater flexibility, more choice, etc. The investment threshold is higher at $500,000 but the cost of making the investment is far lower, at less than 3-4%, compared to residential real estate at 10-20%.

The great advantage of investing in financial assets instead of real estate, is the greater flexibility and greater choice of tools for managing risk. The choice of investment assets should be determined using risk correlations of specific asset classes in Turkey, applied to  the three financial asset types permitted by Turkey’s CIP / CBI Program:
  • Bank Deposits
  • Government Bonds
  • Venture Capital Funds

No Turkish Lira Exchange Rate Risks

The $ 500,000 investment requirement may be met without any investment in Turkish Lira and no TL exchange rate risk. A Professional Advisor using economic analysis and due diligence can minimise risks by designing an asset mix with suitable risk correlations. For example, the asset mix may include foreign currencies, fixed income bonds, gold, and a wider range of potentially better performing assets, via venture capital funds, that may include high technology, film production exports, etc. 


Protecting the Purchasing Power of Capital

The resulting outcome is an asset value performance that minimizes the risks and minimises large changes to the capital value that are visible daily in asset prices due to international economic volatility. This can be achieved by matching and offsetting risk correlations against each other so that the overall outcome is protecting the purchasing power of the capital. This ensures large losses are avoided, thus achieving the number one rule of wealth preservation.

Wealth Preservation by Capital Protection requires Risk Management with Defensive Positioning of the Asset Mix and Risk Correlations
Wealth Preservation by Capital Protection requires Risk Management with Defensive Positioning of the Asset Mix and Risk Correlations

Minimising the full spectrum of risks related to the capital investment can thus be managed to achieve a solution that is similar to investing internationally, anywhere else in the world….

In conclusion, Turkey’s CBI / CIP program offers the great advantages of:

a) Clean and simple qualification and passport acquisition;
b )The best possible zero-taxation of world wide income, for applicant’s spending less than six months in the country annually. 
c) Capital protection of the investment, managed with professional guidance to ensure risks of economic uncertainty are minimized . 
d) Easy access to global air travel from Istanbul’s major flight hub ensures travelling convenience. 

These advantages, in addition to the comparatively low capital investment requirement, rank Turkey’s CBI / CIP Program most favorably to other nations globally.

Learn more by email to info@mytapu.com with the subject line

 'CBI Financial Assets' and  include a WhatsApp or Viber number to receive a complimentary call back…


Advising and Transacting more than $5 billion in Investments in Turkey for more than 3,000 International Investors

since 1989...



#CBI #CIP #Turkey #Citizenship #passport #2ndPassport #WealthEconomics #costbenefit #capital #risk  #investment #financialassets #reits #bankdeposits, #governmentbonds, #venturecapitalfunds. #citizenshipbyinvestment

Additional Reading for Turkey's CBI / CIP Investors:

Intellectual Property Investment in Film and TV in Turkiye - for Citizenship via Venture Capital Fund

Investment Performance of Turkish Assets During Crisis

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….


Additional Reading for Residential Real Estate Buyers:

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey


 Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…

Istanbul Life is the Choice for Turkish Citizenship Property Buyers…
What a Good Property Investment in Turkey Looks Like...
How to Find Property to Buy in Turkey?
Mytapu.com: Why is it ‘The Safe Way to Buy’ Property in Turkey?
The Smart Way to Find the Best Property Deals in Turkey
How to Buy Property in Turkey for a Bargain...

Buy from an Agent or with a Property Finder?
Three Simple Reasons to use a Property Finder....
Buying Turkish Property- Why use an Eksper Rapor ?
Are Appraisal Valuations in Turkey Understating Property Prices?
Independent Legal Advice for Property Purchases in Turkey
‘Reservation Deposits’ for Property Purchases in Turkey…
Property Purchase Disputes in Turkey- Re-claiming Reservation Deposits
What is 'Conveyancing' and why is it essential?
When or When Not to use a Solicitor for Property Matters in Turkey


All Articles


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter by email...


Inquire today to learn more by email to info@mytapu.com with the subject line

 'CBI Financial Assets' and  include a WhatsApp or Viber number to receive a complimentary call back…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!


]]>Sat, 12 Aug 2023 01:27:00 +0300<![CDATA[Buy Property in Turkey? But why?]]>https://www.mytapu.com/blogs/post/Buy-Property-in-Turkey-But-whyWhy Buy Property in Turkiye/ Turkey ? A look at the facts: Investment Merit, Lifestyle Advantages- Economic growth, Depressed valuations, Lifestyle acceleration, Income yield, Off market secrets, and links to insights into the attractions of the Eastern Mediterranean, and Turkish life-style ....]]>
Buy Property in Turkey? Why? 1) Investment Merit 2) Lifestyle Advantages

Why Buy Property in Turkey?

  1. Investment Merit
  2. Lifestyle advantages

 

If you are rightfully skeptical, then never mind the boastful, unsupported reasons you may have read about.  


As an investor, your judgement relies upon more than hot air. You will know that buying, holding, and ‘hoping’ that prices go up, is a fool’s errand. That type of price increase, is only reflecting inflation. A professional investor makes money above and beyond the inflation rate, by following the old investment adage, ‘make half your profit on the way ‘in’ when you buy, and half on the way ‘out’ when you sell’. So consider the facts about how exactly this opportunity presents itself to buy property in Turkey, now:

 

Investment Merits

 

Capital Appreciation:

 

  • Economic Growth: Turkey’s rapid population growth rates ensure future demand for property, and higher prices. The rapid growth will result in Turkey becoming the world’s fifth largest economy by 2030, according to research from Standard Charter Bank, (courtesy of Visual Capitalist). This supports upward price trends when the time comes to sell.
  • Housing Renewal Demand: Annual new home demand is running at 400,000 units per year for the next 20 years, as new earthquake resistant construction, mandated by law, replaces old housing stock. This supports upward price trends when the time comes to sell.
  • Depressed Valuations: The present Turkish Lira Currency Crisis, with a spike in interest rates to 20%+,  has currently depressed resale prices 15-30% below the long term trend-line average. This is your opportunity to make half your profit on the way in.
  • Lifecyle Acceleration: Rapid population growth means amplified effect in all lifestyle segments every three to four years, due to larger, young and growing families. This supports upward price trends when the time comes to sell, and is why Turks are now the largest buyers in coastal regions of Turkey.

 

Income Yield:

 

a) Segments: The demand for rental property in Turkey is supported by the same population growth and demographic life-cycle factors mentioned above,  especially as long as mortgage interest rates remain in high double figures, as is the case presently: but unlikely to continue for long. The keys to investing are knowing which demographic segments and which locations will provide the highest returns, and professional investment guidance for sourcing with a location assessment, and finding the optimal type of rental properties,  is a must.

 

b)Yields: Standard residential rental income yields in Turkey are not especially better than anywhere else, but are increasing from the 3%-5% range, towards 7%. This alone is not a compelling reason to invest. Indeed, if you buy a property from an agent, the rental income assessment is not to be relied upon- agents only sell what they have been given to sell, not what an investor wants to find to buy, and needs to buy.   


c) Off-Market Secrets: Fortunately for investors, there are little known segments of the rental market that are generating exceptional residential property rental income yields above 12% in hard currency: income in Euro, not Turkish Lira. That’s double the rate of the normal long term trend line yield in all international markets.

 

 

Execution

 

Execution is more than just ‘Knowing’: it’s about ‘Doing’.  

Considering the above facts, a buyer of property in Turkey is looking at a viable and attractive investment proposition.  Knowing the facts is just the start: the knowledge alone will not make the investment happen. An investor still must put a plan into action. In other words, and investor must ‘execute’ a plan. And for that, there are ample professional investment services available in Turkey, once one realizes that buying through an agent is a sure way to pay too much, for something in the wrong place, and not part of a viable investment plan. There are safer, smarter, and better ways to buy property in Turkey. And for non-Turkish speaking investors, the best of these service provider is mytapu.com.

 

Life-Style Advantages

 

A reader of this article most likely already understands the advantages of living in Turkey, and why more than 70,000 Northern Europeans have chosen to buy into the Turkish lifestyle, with property ownership, in just the last ten years. If you do not know, please accept our invitation at mytapu.com to come, and find out for yourself, by contacting us, at info@mytapu.com. . 

 

Read more insights into the attractions of the Eastern Mediterranean, and Turkish life-style here:


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 


Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...



]]>Tue, 16 Jul 2019 22:45:19 +0300<![CDATA[What is 'Conveyancing' and why is it essential?]]>https://www.mytapu.com/blogs/post/Conveyancing-for-Property-in-Turkey

Conveyancing is a term used in the UK for managing the transfer of ownership during a property purchase/sale transaction. Sounds simple enough? If it is so simple, why are all property transactions in the UK handled by conveyancing experts? And why would anyone in his right mind imagine that he could do a conveyancing in a foreign country in a foreign language by themselves?


Learning as much as possible to ensure you are fully informed, and prepared, is ‘smart’, and this link provides much more information about conveyancing, but it is not smart to imagine you can learn enough to do it yourself- learning that much is an education which is more time consuming and expensive than you planned for – it is cheaper and faster to enlist the services of mytapu.com- and that too, is ‘smart’.


At mytapu.com, for conveyancing, we have experts that have been doing this work of conveyancing for foreigners for more than 10 years. We appoint lawyers of specific expertise to deal with specific issues, in the same way we appoint and manage architects, appraisers, surveyors, insurance underwriters, mortgage underwriters, etc. It does not make good business or cost-budgeting sense to appoint a solicitor in Turkey to do general conveyance, when none of the work involved requires specific legal action- why appoint a lawyer to deal with appraisal or insurance matters? – most won’t- so those risks will not be managed effectively if just a solicitor is appointed.


This is why local Turks do not use local Turkish solicitors for performing a property purchase or sale transaction – did you know this? But the situation concerning the property purchase procedures for foreigners is different from that for local Turks…so it’s not just the cadastral framework, legal framework, and language that is different. That’s why foreigners definitely do need conveyancing… 


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…


At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 







Additional Reading- Articles and Web Pages...



Read more summary overviews on web pages....




Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

 



 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...











#mytapu #Property #Turkey #Secrets #Success #Howto #Steps #Price #Valuations #LegalHelp #DueDiligence  #TRUST #testimonials #REFERENCES #scam #legit #reviews #checks #review #experience #customer #client  #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu #TurkeyProperty #PropertyTurkey #RealEstate  #Turkey  #property- #online #on-line #portals 


]]>Tue, 30 Oct 2018 08:18:22 +0300<![CDATA[Mytapu.com: Why is it ‘The Safe Way to Buy’ Property in Turkey?]]>https://www.mytapu.com/blogs/post/Mytapu-com-Why-is-it-The-Safe-Way-to-Buy-Property-in-Turkey


Did you know that Turks buy property in Turkey in a different way than foreigners? Most foreigners don’t know this- even those from the UK, Russia, and other countries, that have already bought, and have been owners for years.

 

So how is the procedure different? Guided by estate agents that specialise in selling property to non-Turkish speaking buyers, a foreign buyer is invited to inspect the property- and the emphasis is always on the pictures, the size, and visits to see the interior, exterior, the location, etc

 

Next step? Pay a reservation deposit. Does this mean that the seller can not sell the property to someone else? No, there is no legally binding contract to prevent selling to someone else. Is the estate agent required to take the property off their ‘for sale’ listings? No, but some agents may say they will, but do they? Rarely, if ever…. So what is the purpose of paying a reservation deposit? In practice, the reservation deposit commits the buyer to the transaction, not the seller... and pays the agent's commission in advance.

 

Next Step: The seller provides an  appraisal report which includes a valuation. 


Finally, arrange an appointment at the Land Registry for the final payment and transfer of ownership title, and payment of taxes, and miscellaneous charges, etc.

 

Sometimes along the way, the foreigner may become more concerned and careful, and ask for a contract. Sadly, the contract they are given is rarely in good legal form (called a ‘pre-sales’ contract), and almost never issued with the proper legal procedure (notarised). This means the contract’s validity is questionable- even those overseen by local lawyers.

 

So this is the procedure agents guide their foreign buyers through. Unfortunately, one key important step, perhaps the most important step, is missing… a legal search and assessment of all permits, title, cadastral, and structural details about the property - due diligence ! Should a buyer rely on the agent’s answers and assurances about these key issues? Never. Agents and the lawyers they refer usually will say whatever is necessary to convince the buyer to complete the purchase so they can share the commission and hidden price mark-ups... 


What happens when a buyer asks for documents showing the information requested? Most often the agent insists the buyer pay the reservation deposit first.... Should a buyer pay over a cash reservation deposit before receiving the legal search documents? 


Never- problems with permits are widespread. Usually an agent will risk losing a buyer, before doing this work, of providing the documents (and the seller may never know!). 

 

So the purpose of paying a reservation deposit is two fold: to ensure the buyer is committed to the transaction before having a legal search done on the legal status of permits, ownership, etc; and to ensure the agent receives their commission- because the agent doesn’t give the reservation deposit to the seller, but retains it as part of their commission!

 

Simply by requiring the seller to provide an  expert appraisal report from a licensed and certified appraiser, called an Eksper Rapor, before the property purchase transaction begins, and not at the end of the transaction - which means before discussing or negotiating the price, advance payments, etc. 


Step1: The Eksper Rapor provides all the essential information required in a standard legal search. With this report in hand, buyer’s rest assured all essential, information about permits, ownership, cadastral, and structural details have been  revealed and disclosed. 


Step 2: Next step is then to  obtain confirmation that the checked information is what is required to qualify the property as being safe and secure for investment, and for this a independent professional specialist and expert (not the agent or lawyer  referred) should be relied upon, because the report itself provides information but does NOT guarantee that information is acceptable and meets requirements - for example about permits. An experienced independent expert will need to perform the due diligence on the information provided in the report to determine the acceptable status of the various detailed information provided in the report- and there are many surprising aspects where this is essential (legal, cadastral, planning permits, flood plains, construction conformity with regulations, etc.) Due Diligence by an independent expert is essential.



At mytapu.com, business for foreign buyers is done in a new and better way. A way that is much safer for buyers. Thanks to mytapu.com, foreigners can now receive in advance an Eksper Rapor covering all key legal issues, and buy a property with-out paying a reservation deposit, and without a pre-sales contract of questionable validity. 


The Team at mytapu.com are pleased to announce that the myatpu.com way of buying property,  with an Expert Appraisal Report, has now become a Turkish Regulatory Requirementfor property purchase by foreigners, as of February 15,  2019, and will also be required for purchases by Turkish nationals in the future..

 

And guess what…? This how local Turks buy property - without paying any reservation deposit. Instead, locals simply pay the full amount at the Land Registry or Tapu office on the day of the transfer of title. This is why Turkish buyers from Istanbul and Ankara use mytapu.com when buying property in Turkey, and retirement homes on the Turkish Riviera….

 

So if you have found a property, on an agent's website or elsewhere, and want to make sure it’s safe to buy, tell the experts at mytapu.com, and they will do what’s required. The Safe Way to Buy Property in Turkey is just like the locals do. And now at mytapu.com foreigners, too, can buy like the locals!


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Suggested Reading:

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Valuations

Due Diligence

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey

All Articles

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...


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