real estate fraud in Turkey

In this article, we will learn about the problem of real estate fraud, how to avoid it, how to find solutions to it, and what are the forms of real estate fraud.

The idea of real estate fraud in Turkey is one of the most common problems in the real estate market in Turkey that you can face, and it is a serious problem that deserves to be stopped, avoided and found solutions and in this article, we will talk briefly about the most important forms of fraud, and we will point out important aspects that you should look at.

Forms of real estate fraud in Turkey

Through the following paragraphs, we talk about the most important forms of real estate fraud that you may encounter during the journey of buying and owning real estate in Turkey:

1 - Impersonating the owner of the property

This type of fraud consists of forging property documents and impersonating its owner, with the aim of manipulating investors and buyers into believing that the property belongs to another person as this is done by falsifying official documents and concealing the fact of ownership of the property, which makes the buyer pay large sums for buying a property that does not belong to him.

This method is one of the most dangerous forms of real estate fraud, as buyers are misled and the fact of ownership of the property is concealed, causing huge financial losses to investors and buyers as the Turkish authorities are trying to combat this type of fraud by intensifying supervision and monitoring of real estate deals, and tightening penalties for those involved in this business.

In order to avoid falling into the trap of this type of fraud, investors and buyers are advised to double-check the authenticity of property ownership documents before purchasing, and to ensure that they are issued by the competent authorities, and not to deal with anyone who tries to hide the fact of ownership of the property.

2 - Deceiving the buyer that the property provides a great return on investment

Turkey is one of the most important countries witnessing a significant rise in the real estate sector, which made many investors tend to invest in this sector, but through this the pace of real estate fraud increases which is to delude the buyer that the property provides a large return on investment, which ultimately leads to the loss of the investor's money.

The value of the property is inflated and the expected profits from it are inflated, which leads to the temptation of investors to invest in this property, but in fact the expected profits are much less than what was inflated, and this ultimately leads to the loss of the investor's money.

The process of verifying the validity of the information and data contained in the sale and purchase contracts is one of the most important steps that the investor must follow before purchasing, through which the information and data related to the property are verified, in order to avoid falling into the trap of fraud.

3 - Informing that the property is suitable for Turkish citizenship

People should be careful and pay attention to this trick, as obtaining Turkish citizenship requires compliance with some conditions and requirements set by the Turkish government, and it cannot be obtained only by purchasing a property.

Among the conditions that must be met to obtain Turkish citizenship is the presence of permanent residence in Turkey for a period of more than five years, and proof of the ability to invest in the country as citizenship applicants must also obtain a Turkish language certificate and the necessary exams to prove their knowledge of the language.

People who wish to obtain Turkish citizenship must be well acquainted with the required conditions and requirements, and deal with reliable real estate agencies licensed by the Turkish government and you should not trust any news that promotes the idea that buying a property guarantees obtaining citizenship, and make sure that the information is correct and research well before making any decision in this regard.

4 - Selling fictitious real estate

Non-existent properties are offered for sale and investors are lured by high yields and low prices and once the required amount is paid to purchase the property, the seller disappears and the purchased property is not delivered.

These actions cause huge financial losses to investors and buyers, as well as spoiling the reputation of the real estate sector in Turkey and therefore, the Turkish government is constantly working to combat real estate fraud and tighten control over real estate brokers and companies dealing in this field.

What do you do if you fall into real estate fraud?

First, you have to contact the police and file an official complaint as you must provide any evidence you have of fraud, such as contracts, invoices and payments as the policemen will check these documents and start investigating the case.

Secondly, you should contact a real estate fraud attorney.

A lawyer will help you understand your rights and the litigation procedures available to you as a lawyer can also help you return the money you paid if this is possible.

Third, you should contact the embassy or consulate of your country in Turkey as the staff at the embassy or consulate will help you understand your rights and get the necessary help as this can include arranging temporary accommodation and translating documents if required.

Fourth, you must file a complaint with the competent authorities in Turkey, such as those responsible for licensing real estate and verifying the authenticity of documents.

Fifth, you must avoid falling into real estate fraud in the future. This can be done by verifying the authenticity of documents, contracts and financial payments before conducting any real estate transaction as you can also get help from a lawyer who specializes in real estate issues.

Common questions:

1 - What is real estate fraud?

It is a means of illegitimate means that aims to obtain money in an inappropriate and improper manner, but unfortunately it is followed by the weak-minded in a large way.

2 - What is meant by real estate appraisal?

It is a document issued by competent authorities that aims to determine the price of the property and give it the real price for it without forgery, which ensures that you will not pay money in the wrong place.

3 - Why can't a Syrian own property in Turkey?

A Syrian cannot own property in Turkey for a simple reason, which is that there is a law in Turkey that is the law of reciprocity with some countries, as well as because of some old contracts and agreements.

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