Buying Property in Turkey - Due Diligence
Due Diligence when buying property in Turkey

Whether you buy a property in Turkey as a holiday home or simply as an investment it is of great importance that you research all aspects of the property purchase.

Fair Deal Turkey assists property investors and holiday home buyers with comprehensive research on what is going on in the Turkish property market allowing you to make a well informed decision about where and which property in Turkey to buy.

The two main aspects of our due diligence due diligence research is the property investment in Turkey as a viable proposal and secondly the reputation and track record of the Turkish developer.

Buying Property in Turkey - The Investment

When buying a property in Turkey for investment purposes make sure that the property investment itself is in line with your expectations and that you can realistically achieve your the return on investment you hope to gain.

Return on Investment often depends on the risk level which you are willing to accept. For example: buying a property in Turkey as an early entry into an emerging market offers by far the highest return on a property investment. However,in principle it is also exposes you to a higher risk than when you would invest when the market has matured.

Other Due Diligence Factors when buying property in Turkey:

1. Location
2. Cost / Value
3. Infrastructure
4. Tourism
5. Stability (Political / Economy)

Buying Property in Turkey - The Developer or Constructor

Once you have decided on the location you wish to buy your property in Turkey the developer / development due diligence process need to be considered.

Some television documentaries have been dedicated to horror stories about property developments in Turkey exposing developers or promoters who have taken deposits on projects for which they do not even own the land title In some cases building permission had not been granted.

In situations like this construction often come to an halt and the investor looses part if not all their money

Unless we at Fair Deal Turkey are 100% satisfied that the developer is a bona fide company who has obtained all the necessary building licenses and and has access to sufficient funds to complete the project we will not recommend this development.

Our due diligence on the developer / promoter always includes the following aspects:

1. Bank Guarantees
2. Building Licenses
3. Background Checks
4. Land Title Confirmation
5. Build Quality Guarantees

Although Fair Deal Investments carefully selects investment property opportunities before offering to clients, we strongly recommend that all investors carry out their own due diligence procedures as well before making any investment.

For more detailed information about our due diligence visit Fair Deal Investments.