In our article, the editorial team was keen to highlight 25 important terms in the real estate market in Turkey, so if you are a foreign or Arab investor who wants and is interested in buying apartments in Turkey, whether with the aim of real estate investment or obtaining Turkish citizenship or real estate residence, you must have a clear background and full knowledge of these terms that will help you when you start buying real estate, lands and apartments on Turkish lands.
Studio
It is a small apartment that includes a bedroom and a bathroom, as well as an open space that contains the hall, living room, and kitchen. The studio is a practical option for students, newlyweds, and employees.
Duplex
It is an independent residential unit, usually consisting of two apartments located on top of each other and connected by an internal staircase. Each apartment is independent with its rooms, kitchen, and bathroom from the apartment on the other floor. In addition, it is possible to allocate the ground floor for the living and kitchen, while the Upstairs is for bedrooms and bathrooms.
Duplex apartments are characterized by their absorptive capacity, being able to accommodate large families, and duplex prices are often reasonable and suitable for the needs and budget of each investor.
Triplex
It is a residential unit, consisting of three apartments on top of each other, connected by an internal staircase, and characterized by the fact that it can accommodate very large families, and its prices are often very economical and reasonable compared to villas in Turkey.
Penthouse
They are apartments that occupy the last floors of high-rise buildings, providing complete privacy as they are isolated from the rest of the apartments located in the same building. They are distinguished by their view that overlooks the city, and sometimes we may find them on the lower floors, they have their wide balcony, which makes them distinctive. It is unique in a quiet and comfortable lifestyle.
The compound
It is a residential complex within a secured environment with surveillance cameras, fences, gates, and private security men. In addition, the compound includes all the services that residents need, such as recreational facilities, shops, and green spaces. The size of the services varies from one compound to another.
The residence
The residence, or known as the hotel apartments, consists of all the services that the visitor needs, as it contains a single, double, or double bed with two single beds, a desk, a TV, internet access, a wardrobe, and a small refrigerator.
Moreover, its internal areas vary in general, some of which are very small, and others may exceed 90 square meters, as they are suitable for two students or two people with two children as a maximum, with 24-hour room service, you can also benefit from the restaurants and cafes that the building includes.
Deferred sale
It is the transfer of ownership of the property at present and the collection of the sale value of the property in the future. This means that the ownership of the property is transferred in exchange for a cash amount to be paid after a time agreed upon by the owner and the buyer.
Installment sales
Transfer of ownership of the property in exchange for a cash amount divided into installments and at specific periods, and it may be an initial payment with installments over the number of months, and the number of installment months varies according to whether the property is under construction or ready for use.
Real estate broker
He is the person who connects the seller with the buyer to obtain a financial commission, and he has a license from the Real Estate Finance Authority.
Real estate agent
He is a real estate broker who passed an advanced and specialized course in real estate marketing, after which he obtained a license for real estate marketing. On the other hand, he concluded agreements with real estate construction companies to market their products exclusively.
Real estate advisor
He is the person who provides advice and consultations to foreign investors wishing to invest in real estate in Turkey, and the real estate consultant analyzes the suitability of investing the required property for the investor’s budget and desires and the suitability of the property for ownership.
Title Deed
It is a document that organizes a specific property, proves ownership of the property to the owner, mentions information about the property, real estate survey numbers, and specifies the location of the property, and it is extracted by the Real Estate Registry Directorate of the Turkish Ministry of Environment and Cities.
Real estate appraisal
Real estate appraisal, or real estate valuation, is the science that searches for determining the value of real estate in all its forms (lands-housings-shops-factories-farms-real estate) to reach the market value in most cases, as the real estate appraisal report in Turkey is prepared by companies and experts who have A license to prepare reports of this kind, in a manner that is by the governing laws, standards, standards, and conditions applied at the international level.
The deposit in real estate
It is the amount of money provided to confirm the buyer's desire to buy, and it is a non-refundable amount if the buyer declines to complete the deal, if the amount does not exceed 2.5% of the total value of the property.
Mortgage
It is a loan that enables the borrower, whether a natural or legal person, to borrow money to buy a house or any other property and his ownership of this property is a guarantee for the loan, meaning that if the borrower is unable to pay his debt, the lender has the right to take the necessary measures by owning this property, otherwise The property remains mortgaged until the loan is repaid.
The popular allowance for real estate
It is the value of immovable property that changes from year to year according to market conditions and supply and demand conditions.
Master records
It is the basic element of the title deed record and includes the title deed, the floor easement document in Turkey, the journal, and official documents.
The quota title deed
It is the tapu document for real estate owned by more than one owner and shows the value of the shares for each owner.
- Sort or divide: It is the conversion of a property registered in the Tapu into several divisions or parts
- Housing document: this is the document that is obtained after the completion of the construction works in the building to use it for settlement and housing.
- TenderI; is a process in which the most appropriate bid is chosen from among a variety of bids submitted for the completion of a work or project.
- Real estate barterIt: is the process of buying a property in Turkey in exchange for another property, buying a property in exchange for money and real estate together, or in exchange for bonds of value.
Somme
It is the price that the property buyer provides to the owner, and it is a price that is completely different from the required price to reach a price that satisfies both parties.
Bouncing back
It is a specific area of the total land area on which construction is not permitted according to the approved plans. This means the distance between the building borders and the land borders. It is from the four sides, the most important of which is the front setback of the building, as it is not possible to build on the front border of the land.
In the end, you can buy apartments for sale in Turkey with attractive designs by communicating with our specialized consultants and offering them all your questions and inquiries to help you find a suitable apartment that entitles you to obtain Turkish citizenship, so visit our website to find out more information you will need about real estate investment in the real estate sector in Turkey.
Read Also:
Real Estate Valuation and Appraisal in Türkiye
Turkish Citizenship: A Strategic Gateway for Real Estate Investors
Pros and Cons of a Studio Apartment
What is a Penthouse: A Glimpse into the High Life