5 False Promises When Buying Property in Turkey: How to Avoid the Pitfalls

Turkish real estate is attracting more and more foreign investors, promising sunny beaches, profitable investments and even a path to a residence permit. However, behind the attractive offers there may be risks associated with unscrupulous developers or agents.

We analyze five common but false guarantees that you may encounter and tell you how to protect yourself from potential problems.

1. Guaranteed Residence Permit: Many agents promise easy residence permit obtaining in Turkey when purchasing real estate. This is fundamentally wrong. Although purchasing real estate is one of the ways to obtain a residence permit, the process is entirely dependent on the decision of the Turkish Migration Service, and the conditions for obtaining it may change. Legislation is constantly being updated, and the property must strictly comply with the established requirements. Do not trust promises of a "guaranteed" residence permit - carefully check the property's compliance with all the necessary criteria before purchasing, consulting with lawyers specializing in migration law in Turkey.

2. Fixed price and no price fluctuations: Turkey, like many other countries, is subject to inflation. The promise of a "fixed price" over a long period is an extremely risky statement. The cost of construction, materials and the property itself can change significantly, especially given the current economic situation. The contract must necessarily include conditions for revising the price in the event of unforeseen circumstances related to inflation or other macroeconomic factors. Don't rely on verbal agreements - all financial terms must be recorded in an official contract.

3. "Solving all problems" using unofficial methods: A common myth is that in Turkey many real estate problems are solved "in a different way", using unofficial payments. This is absolutely wrong. The level of corruption in Turkey has significantly decreased, and the state is actively fighting such phenomena. All real estate transactions must be carried out in strict accordance with the law. Attempts to resolve issues "outside the legal field" can lead to serious legal consequences. Trust only legal and transparent methods of dispute resolution.

4. Guarantee of permanent views: Developers may promise a magnificent view of the sea, mountains or city, but do not take into account the prospect of further development. In the coming years, high-rise buildings may appear next to your new home, completely blocking the previous view. Before making a purchase, be sure to study the general development plan of the city and region to ensure that the promised views will be preserved for the long term.

5. Trust only in verbal agreements: Any agreements reached verbally have no legal force. Construction timeframes, materials used, quality of finishing - all these parameters must be clearly spelled out in the purchase and sale agreement. Do not hesitate to clarify any details and demand their written confirmation. Check the developer's reputation, study the reviews of other buyers and, if possible, use the services of an independent lawyer who will help you avoid potential risks.

In conclusion, buying real estate in Turkey is a promising investment, but requires care and caution. Don't trust tempting promises that have no documentary evidence. Only a thorough check of all details, the use of qualified specialists and strict adherence to legal procedures will help you avoid problems and ensure the safety of your transaction. Mercury Group offers full transaction support, from negotiations to leasing the property, significantly reduces risks and ensures transparency of the entire process.