Today being able to invest in property in Turkey has become a great deal easier and also a great deal safer compared to say 12 months ago. The reason for this is that the Government in Turkey has made alterations to the buying and selling of property in this country to encourage people from other countries to invest in it.
As well as the government allowing people outside of Turkey to purchase property they have also made it possible to arrange mortgages through Turkish companies. The terms that these companies are offering are very similar to what is being offered in the UK today.
However although investing in property in Turkey is worth considering you shouldn't rush into it. There are many things you need to take into consideration before doing so. Below we look at what some of these are so you can avoid making the kinds of mistakes others have made previously when choosing to purchase a property as a holiday home in Turkey.
1. Yes the older properties may look nice, but you will make a much sounder investment by purchasing a nearly new or new property. This is because the government in Turkey have brought in new regulations with regards to what standard of building is now required. The standards and regulations that have been put in place are the same as those that members of the European Union must comply with.
So you can be assured that the newer properties are much more structurally sound.2. Make sure that you employ the services of lawyer when it comes to purchasing property in this country. They will not only know every aspect of the process for a foreign national to purchase a property but will also ensure that your rights are protected at all times throughout the process.
This information has been researched on behalf of Club la Costa Turkey who have vacation resorts in Spain, Turkey, Austria, USA and the UK.