The most important real estate terms in Turkey

Real Estate Investment

The process of obtaining and developing money in the field of real estate, and real estate investment is done through renting the property and ensuring a fixed monthly return or buying the house and selling it after a period with an increase in profitability acceptable to the investor.

: Real Estate Marketing

An integrated science that looks into the needs of customers with regard to buying, selling or investing real estate in Turkey, so that specialized companies work to secure them in exchange for an acceptable profit, which is one of the most important real estate terms in Turkey.

: real estate development

Various activities, such as partial or complete repair of old or neglected real estate, renovation of existing buildings, purchase of vacant land, and then the establishment of a project on it, then marketing and selling it.

Real estate appraisal

The science that searches for determining the value of real estate in all its forms (lands, houses, shops, factories, farms) and the goal is to reach the market value and that requires knowledge and experience in the real estate market in general, and the real estate appraisal report in Turkey is prepared by companies or specialists who have the competence to prepare reports Real estate appraisal in accordance with regulatory laws and international standards.

Real estate barter

This term means: buying a property in exchange for another property

Buying a property for money and real estate at the same time, or perhaps for bonds

Property management is one of the most important real estate terms in Turkey

In the event that the investor does not have the time and experience to manage their properties, this task can be assigned to an appropriate real estate broker or consultant who manages these real estate properties.

Commission in real estate

That is, the money that the real estate broker gets in return for the services he provides to both parties, the seller and the buyer, and that is as a percentage of the value of the transaction.

The down payment in real estate

The term down payment is applied to the amount paid to prove the customer's desire to buy, and the down payment can be recovered in the event that the buyer withdraws from the deal

: finishes

This is called the final stage of construction such as walls, floors and ceilings

The last payment on the property

That is, the final payment, and it is usually a large amount for the purpose of ending the full amount

Studio apartments

It is called that because it is a small open space apartment that contains a bedroom and a bathroom in addition to the hall, living room and kitchen

Duplex apartments

It consists of two residential apartments located on top of each other and connected by an internal staircase, which allows each apartment to be prepared with its rooms, kitchen and bathroom independent from the other apartment.

Triplex apartments

It consists of three residential apartments located on top of each other and connected by an internal staircase and is ideal for large families

Penthouse apartments

Apartments that are located on the upper floors of high-rise buildings may sometimes be on the lower floors and feature a spacious balcony

: proceeds in Turkey

These are the expenses of managing residential complexes such as (security, cleaning the complex, hiring resources … and other complex services).

: commercial complex

A group of various galleries and shops within one building

Residence or hotel apartments

It usually consists of a single or double bed, desk, TV, internet service, wardrobe, and a small refrigerator, and its areas vary from what is very small, and some of which may exceed 90 meters:

The compound

It is a residential complex within a secure environment with walls and gates with security personnel, and in the compound all services such as shops or entertainment venues

The popular allowance for real estate

That is, the value of immovable property that varies from year to year according to market conditions and the requirements of supply and demand

: the island in real estate

This term refers to a group of sectors (divisions) included in the reconstruction plan

master records

That is, the basic papers for the Tabu record, including the Tabu deed, the floor easement document, the journal, and other official documents.

turnkey:

The process of handing over the house to its owner after the completion of the works agreed upon in accordance with a prior contract

Partial condition

A condition agreed upon by the two parties to compensate the injured party in the event of delay in completing the work or in the event of non-compliance with the required specifications

Correction of the sex of the property

Any change in the status of the property registered in the Tapu

Real estate appendix

A name for the space that belongs to the independent real estate part, but is located outside it

property:

All non-transferable money such as land, apartment, building, garden, orchard

Real estate statement

The document that a person or institution extracts to prove ownership of the property, and it is obtained from the municipality of the area in which the property is located in exchange for a financial receipt

Real estate statement value

That is, the value of the property in the statement submitted by the property owner to the competent municipality

Real estate expert

A person who uses his experience and knowledge in evaluations or when problems occur, and it is one of the most important real estate terms in Turkey

Real estate void treatment

A transaction conducted in the Land Registry Directorate with the aim of transferring the property from the ownership of its owner to another person

Unlawful Occupancy

That is, staying in the property and using it without the consent of its owner

Real estate share

That is, the part of the real estate or the value of the real estate owned by one of the co-owners of the real estate

Tabo Al-Muhasasa

A title deed for real estate that belongs to more than one owner, in which the value of the shares for each owner is specified

: sorting and partitioning

Converting a property registered in the Tapu into several parts

: tender

The deal through which the most appropriate price is selected from the set of prices and offers submitted for the completion of a project

usufruct

That is, the usufruct right of the property revenues

housing document

A document obtained by the owner after the completion of construction works in order to use the property for housing

: Accompanying

Independent parts in buildings with a floor easement or floor ownership, and the use thereof is collective and joint