Why did we buy property in Turkey?

Buying an apartment in Turkey

Dmitry from Moscow, the capital of Russia, decided to invest in real estate abroad and his choice fell on Turkey. Turkey. He turned to the real estateagencyBuy Properties in Turkey and chose for himself the region of Alanya, more precisely the Mahmutlar neighborhood. The apartment he purchased had one bedroom (1+1) and cost about 70,000 euros. The transaction was closed in March 2018 on the primary market.

Preparation for the deal

Before making a final decision, Dmitry studied numerous reviews from his fellow countrymen, as well as many videos about life in Turkey. He was attracted by the many advantages of living in this country compared to Moscow. After careful consideration, a deposit of about 4000 euros was made, and all the necessary documents for the apartment were obtained.

Transportation of money and financing

To complete the transaction, they had to carry cash amounting to about 31,000 euros across the border into Turkey, after filling out a declaration at the departure airport. The bank also granted them a mortgage of 20,000 euros for 4 years.

Turkey's Choice

Dmitry shared that the thought of emigration had been on his mind for a long time, and he concluded that having a permanent residence abroad is a necessity. After exploring various options, they decided to choose Turkey because of its warm climate, lack of snow in winter, and a large number of sunny days. For Dmitry, as a Muslim, the aspect of religious community was also important.

Advantages of living in Alanya

Comparing different cities, Dmitry noticed that Alanya seems to be a more affordable place to buy property. He pointed out that you can purchase an apartment here for half the price of a standard two-room apartment in Moscow. He liked the nature, the sea, the mountains, and the opportunity to live in a resort area.

Result

Thus, Dmitry from Moscow purchased an apartment in Mahmutlar, Alanya, making his choice in favor of living in Turkey and taking into account all the advantages of this decision.

Moving to Turkey: our decision

How long did you think about moving to Turkey before making that decision? For many, it may seem strange to buy property and move to a completely new country. But our decision was well thought out: we read many positive reviews from fellow countrymen, watched various videos online, and assessed the advantages of living in Turkey compared to Moscow.

Company assistance

The company through which we purchased our apartment and moved provided immense support, alleviating all our fears. Our first encounter with them was through the Prian.ru portal. Their professionalism and detailed consultations instilled trust in us from the very beginning. Receiving valuable advice and assistance in solving various issues proved to be invaluable for us.

Real estate selection

When choosing a place to live, we identified several important requirements: mountain views and proximity to the sea. It was important for the apartment to have a certain number of rooms, a specific style, and a cozy residential complex. Although we initially considered a 2+1 apartment, we ultimately settled on a 1+1 due to the stunning view of the mountains.

Search and comparison

Throughout the entire period when we were looking for housing in Moscow, we were also exploring possible options on the portal, adding them to our favorites. However, upon arriving in Turkey to view the properties, we were surprised by the unexpected selection.

Looking for our dream home

How much time have you already spent searching for your ideal home? For me, this process started a year ago, in the spring, when I made the final decision to buy property in Turkey. From the very beginning, we actively researched information on various online platforms.

Sale of property in Russia

In August, we finally decided to sell our property in Russia, and in September, we completed the deal. This summer, I focused on preparing all the necessary documents for the move and purchasing a home in Turkey. However, most of the time was spent not on finding the property itself, but on processing all the required paperwork.

Choosing and buying property in Turkey

When the paperwork was ready, we traveled to Turkey to finalize the purchase of of real estate. The whole process of selection and registration took only a couple of weeks, and after that time we were already moved into our new apartment. But it took us some more time to furnish the apartment, because the apartment was sold without furniture and appliances.

Company assistance and mortgage lending

Despite this, we were provided with an apartment for temporary accommodation free of charge while we waited for all the work to be completed. The deal for purchasing the apartment went very smoothly. Then we started the mortgage process. The loan payment went without any issues, and now we can enjoy our new home in Turkey.

Under the blessing of the Creator

We have the opportunity to close this deal even earlier than we expected. Every month, I allocate €496.

Problems when applying for a loan

They include the provision of utility payment receipts in the Russian Federation. It was necessary to provide a certificate from work confirming income for the last six months.

Additional requirements of the bank

The bank requested an additional contact number for the company's director. The bank representative contacted him to verify the provided information.

Unusual requirement

The bank seeks to verify that the property is available in the country of residence, which seems unusual.

Transporting money across the border

It wasn't difficult. We filled out the customs declaration at the airport and went through the "green corridor."

Why should one pay attention to bank transfers?

Firstly, it is a safe way of making financial transactions. Second, a wire transfer provides legal protection for both parties to the transaction. However, it should be borne in mind that this method may be less preferable due to high fees, the need for personal presence in the bank and the waiting time for the funds to be credited to the account in Turkey, which can take several days. crediting of funds to the account in Turkey, which may take several days. Compared to paying in cash, bank transfer may seem less convenient, but it is important to consider the pros and cons before making a decision.

Communication with locals

We mainly communicate in English or Russian, but when necessary, we use an online translator for convenience. This service allows us to easily interact by translating voice messages into another language.

Impressions of Turkey

We have been living in Turkey for three months now and are completely satisfied so far. The locals are very friendly and hospitable, which creates a pleasant atmosphere. The crime rate here is low, making the city safe to live in. It is also noteworthy that vendors leave their goods unattended on the streets.

The charms of local life

We really enjoy the climate of Turkey with its abundance of sunshine, beautiful flowers, and exotic fruits. The food here is not only delicious and natural but also significantly cheaper compared to Russia. The mountains, sea, and sun positively affect our physical and emotional well-being, making our stay here even more enjoyable.

Preparing documents for relocation

We purchased an apartment through a company, and to process the documents, we needed to provide the following:

• Bank statementconfirming the absence of any outstanding debts on our account.
• Bank statement for the last 6 monthsshowing the flow of money.
• Document on income for the last six months.
• If entry with parents is planned, it is necessary to provideborrower's birth certificate with an apostille. In the case of a parent of a deceased spouse, you also need to providedeath certificate with an apostille.
• All documents need to be translated into Turkish by a certified translator. A list of such translators can be found on the official website of the Turkish Consulate in Russia. After the translation, the documents must be notarized at the Consulate to obtain the necessary stamps.
• Certificate of residence registration in Russia (or temporary registration if there is no official residence registration).
• Foreign passport and Russian tax number.

These are the main points we considered when preparing the documents. If anything was missed, our realtor is always ready to help.

In the course of our business interaction, the expert with whom we cooperated repeatedly emphasized the importance of proper execution of all necessary documents. He not only reminded us of the procedures, but also shared useful information about the type of certificates and documents that need to be obtained, as well as the places where they can be obtained. can be done. From personal experience, I can confirm that you should start the formalization process as early as possible. Government agencies often delay the apostilization process, which can take up to a month of time. Especially This is especially true if the documents were issued during the Soviet Union - it is recommended that such documents should be it is recommended to reissue such documents in compliance with modern standards and to apostilize the new version.

The process of reissuing documents also takes time, so it makes sense to allow for a sufficient buffer to ensure everything is completed on time. These tips are especially useful for those dealing with real estate, immigration, or investments. It is important to be prepared for all stages of formalization to avoid delays and problems in the future. Ultimately, proper document processing plays a key role in ensuring the reliability and legality of your business or investments, so this aspect should not be neglected. It is essential to thoroughly study all requirements and procedures to be confident in your readiness for formalization. Also, keep in mind that different types of documents may require different procedures and certifications, so it is important to inquire about all necessary documents in advance. And, of course, consult professionals who can assist you in a timely and quality manner with the processing of all necessary documents.

Conclusions:

In summary, the decision to move abroad and purchase real estate in another country was a well-thought-out and carefully considered action. The choice of Turkey, particularly Alanya, was driven by the warm climate, picturesque natural landscapes, and friendly atmosphere. Collaborating with the agencyBuy Properties in Turkey helped overcome many challenges associated with the move and property acquisition. It was important for the apartment to meet certain requirements, and the view of the mountains became a decisive factor in choosing the home. Overall, the experience of buying real estate abroad turned out to be successful and positive, opening up new horizons and opportunities for future life.