Important terms in the Turkish real estate market

If you want to have an experience in the real estate market in Turkey, you should know that there are many terms that may come to your ears and they are in circulation and common, and therefore we chose in this article to share with you the most important of them, an enjoyable read.

The most famous terms of the Turkish real estate market

Do you have previous experience in the real estate market in Turkey? What do you know about the most important terms traded in it? Here are the most important and frequently used terms:

1 - Real estate developer

The term "property developer" refers to any individual, company or organization involved in the development of real estate, including the purchase of land, the construction of buildings and the sale of them for a profit.

Real estate developers in Turkey play an important role in helping create jobs and spur economic growth by investing in construction projects that bring new business to towns or cities, and they help revitalize neighborhoods by improving existing buildings and creating attractive new buildings.

2 - The Compound

The term "compound" in the real estate market in Turkey is a common term, as apartment complexes are large-scale housing projects that are usually surrounded by walls and have common amenities such as swimming pools, fitness centers, playgrounds and other recreational facilities, and they provide a higher level of security than compounds Traditional residential and provide a safe environment for families to live in.

Apartment complexes also feature common areas that promote social interaction between neighbors and create a sense of community among residents. This can be particularly beneficial for expats who may not always be able to make friends outside their compound due to language barriers or cultural differences.

3 - The penthouse

The term penthouse, which is used in real estate markets in Turkey, refers to the top floor of a building, usually with its own rooftop terrace. These properties are highly sought after due to their fantastic views and luxurious living space.

Penthouses in Turkey tend to be more expensive than other apartments due to their limited availability, and they can also offer additional amenities such as swimming pools, saunas, and fully-equipped kitchens, and many come with elevators or private stairs for added safety and convenience.

If you are looking for a unique living experience that offers the highest level of comfort and luxury, then buying a penthouse apartment in Turkey is an excellent choice, with modern design features, spacious living areas, and stunning views of the surrounding cityscape.

4 - Duplex

A duplex apartment is one that consists of two apartments and a common wall between them. The two living rooms can be upstairs and downstairs, or side by side on the same floor. These apartments are often more affordable than traditional homes and offer many advantages to buyers.

Duplex apartments in Turkey are attractive to buyers looking for an affordable home and often have larger living areas than standard apartments, as well as multiple bedrooms and bathrooms. This makes them ideal for families looking for more space at an affordable price.

5 - Triplex

Referring to three-storey dwellings, it offers many advantages over traditional homes, and it is getting more and more popular with time.

It provides flexibility when it comes to planning and design, so that homeowners can customize their homes as they see fit, given its spacious area, additional bedrooms or other functional spaces can be added as needed.

6 - studio apartments

Studio apartments are an attractive option for those looking for a place to live, as they offer a great combination of comfort and affordability, and are often located in high-demand areas and equipped with modern amenities such as kitchenettes, private bathrooms, and Wi-Fi.

It is ideal for individuals or small families who want to be close to the city center but do not need a lot of space.

7 - Hotel apartments

Serviced apartments have seen unprecedented growth over the past decade, particularly in Istanbul and other major cities across Turkey and are becoming increasingly popular with investors due to their high rental yields and relatively low maintenance costs.

These properties are ideal for both short and long term rentals, making them ideal for those looking for an investment or holiday home.

8 - Real estate consultant

Having an experienced real estate consultant can be beneficial to both buyers and sellers because they are well-versed in the nuances of the Turkish market, and can assist in negotiations when it comes to price and contract terms and conditions, as well as help clients make informed decisions based on their individual needs and goals.

Real estate advisors provide valuable information about current market conditions in the area, including price trends and property availability, and advise on tax requirements, legal regulations, and other aspects of buying or renting a property in Turkey.

9- Tapu document

It is an official document issued by the government proving ownership of the property, and it also serves as a form of protection for both parties involved in the transaction, including buyers and sellers.

The Tabu document is an essential part of buying, selling and mortgaging real estate in Turkey and is required by law and without it, no transactions can take place between the parties involved in real estate transactions.

10 - Real estate appraisal

It is an important document that determines the current market value of a property based on its location, condition, and other factors. This document is essential for both buyers and sellers in the Turkish real estate market as it helps them make informed decisions.

Having an up-to-date appraisal document can help ensure that buyers are getting fair prices for their property, and with this information, buyers can be sure they are not overpaying.

11 - Seismic insurance

Turkey experienced some of the strongest earthquakes in history, and the good news is that with an earthquake insurance policy, you can protect yourself and your belongings from potential losses.

Having an earthquake insurance policy can give you peace of mind knowing that your property will be covered if it is affected by an earthquake. Earthquake policies usually cover repairs for damage caused by vibration, as well as additional living expenses if you have to move temporarily due to damage caused by it.

12 - Real estate marketing

Real estate marketing in Turkey has become an increasingly important factor in the success of any real estate project, and with the growth of the Turkish real estate market, it is necessary for a successful project to have an effective marketing strategy. The term "real estate marketing" includes many aspects, from advertising and promotion to public relations and networking.

Advantages of buying real estate through istHomes Real Estate:

- We have a wide range of luxury real estate in Istanbul that satisfies and suits all tastes.
- We have a specialized team in the Turkish real estate market that accompanies you from the beginning of your journey to buy a property in Turkey until you get what you want.
- We help you find the best real estate prices in Turkey because of our strong relationship with various construction companies and residential projects.
- Distinctive offers that we offer you within the finest residential complexes in Turkey.

Follow our website constantly and see the most important information and details related to the real estate sector in Turkey, its reality, its future, and the most important things that you should do when you go through the experience of buying, owning and investing.

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