How to Transfer Money to Buy Property in Turkey

There are a number of ways that you can transfer money to buy property in Turkey. These include the use of Western Union, bank transfers, exchange offices, and buying in installments. If you’re interested in purchasing a home in Turkey, you may want to consider all of these options.

Transferring money to Turkey through the bank

If you are planning to buy a property in Turkey, you must transfer money to the bank in Turkish lira. There are various ways in which you can do this. You may send money from your home country or through online services.

Some of the best options for you to use are:

Before you make a purchase, you must check the rules and regulations for buying a property in Turkey. You may also hire an advisor who can provide you with information about the real-estate market in Turkey.

The government has helped many people to own a home in Turkey through mortgages. This helps increase liquidity in the economy. These transfers have contributed to the economic stability of the country. However, there are special conditions involved.

If you are not a Turkish citizen, you must obtain a foreign currency exchange certificate before purchasing a home. The document must be presented to the Land Registry Office. It contains the name and full name of the buyer, the amount of money and the account number of the seller.

Transferring money to Turkey through exchange offices

When you are buying property in Turkey, you will need to transfer money to your Turkish bank account. This can be done through various methods, such as cash transfers and bank to bank transfers. You can also use an app to make the transaction.

The most common way to transfer money to Turkey is through Swift. If you want to do it online, you will need the recipient’s IBAN. Transfer fees vary, depending on how much you want to send. Also, the speed of the transfer will determine the cost.

Aside from that, you can also use the services of Western Union. Money can be sent through the direct deposit feature. However, it is limited to a maximum of 8,000 GBP.

If you are buying real estate in Turkey, you need to have a copy of your passport. You should also get your tax number from the local tax office. It only takes 10 minutes to obtain it.

Transferring money via Western Union

If you plan on buying a property in Turkey, it is essential to open a bank account in Turkey. If you cannot do so, you can transfer money via Western Union. The Turkish IBAN (International Bank Account Number) contains 26 characters. This includes your Turkey country code, your branch, two check numbers, and your account number.

MoneyGram is a popular service that allows people to send money to mobile phone numbers. They also offer the option of sending money directly to your bank account. However, you need to make sure that the recipient has a Denizbank or Kuwait Turk Bank account.

Another option is to use an exchange office. These companies will transfer money within minutes, without additional costs. Some have a limit on how much they can send in a month. You can find information about these services online.

Western Union offers money transfers in the United States, the UK, and many other countries. Their rates vary based on location and the types of money being transferred. For transfers under $1,000, they will charge you less than a traditional bank. Depending on the amount being sent, the cost can range from TL 95 to $20.

Buying property in installments

Buying property in Turkey in installments has become a viable option for many investors. As more people began to buy real estate, it helped the Turkish economy as well. However, the process of buying property in Turkey in installments requires legal procedures.

First, you will need a down payment. Depending on the project, you may need to pay up to 40 percent of the total value. The bank or construction company can help you with this. You will also need to provide a personal guarantee. This is to ensure that you will not violate the contract.

When you are ready to make the purchase, the construction company will arrange an official contract. It will include all the details regarding the price, time period, and installments.

Buying a house in Turkey in installments is a good choice for foreigners because it allows you to delay the ownership of your home until the entire payment has been paid. There are some benefits of this form of financing, such as lower rates of interest.