3 Things To Do Before Investing In Turkish Property

28 December 2014
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28 December 2014, Comments 0

Property marketing across the world is quite fascinating. One of the hotbeds for new properties is that of Turkey, and millions are looking into this as an up and coming option for investments of all types. If you end up traversing this path, and you want to ensure that you’re able to gain leverage when looking at properties, you’re going to want to take a few steps back. Before you spend anything on Turkish property, make sure that you take a few notes as to what you’re going to need to move forward. Just like buying property anywhere else, certain parameters have to be met.

Look At The Cost

As a foreigner, or even a resident, special costs come into frame. Look at the costs that you are going to have to deal with, and whether or not you’re going to have to pay additional taxes, and more. Always make sure that you take your time when going forward in this arena, as it’s easy to get caught up in purchasing a home and then find out the listing price is actually not what it seems. No matter what you do, take your time, and look at the costs carefully.

Hire A Turkish Lawyer

The next thing that you should do before investing is contact a good Turkish lawyer. You want to make sure that your legal team reads through any contracts, paperwork, and things that you are going to sign. If you do not, you could be giving away your rights or just about anything for that matter. Do not allow yourself to buy anything without hiring a good lawyer, it will pay off dividends.

Get The Home Inspected

Investing in Turkish property is a good thing, but don’t just buy after a lawyer’s approval. Look at the home or building carefully and run through it with a qualified inspector. Make sure that you are fully aware of what you’re buying and what the long term costs are going to be, otherwise you could end up going for a financial ride.

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